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The global shrimp market reached a value of US$ 62.8 Billion in 2021.
The changing consumer inclination from high-calorie food items towards a protein-rich diet, including shrimp, represents one of the key factors driving the global shrimp market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous aquaculture activities and supply chain disruptions of shrimp and other related products.
Based on the species, the global shrimp market has been bifurcated into Penaeus vannamei, Penaeus monodon, Macrobrachium rosenbergii, and others. Currently, Penaeus vannamei holds the majority of the total market share.
Based on the size, the global shrimp market can be divided into <21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70 and >70.
On a regional level, the market has been classified into China, India, Indonesia, Vietnam, Thailand, Ecuador and Others, where China currently dominates the production of the global market.
On a regional level based on consumption, the market has been classified into United States, China, Europe, Japan and others, where China dominates the global market.
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