South East Asia Shrimp Market

Market Overview:

South East Asia shrimp market size is projected to exhibit a growth rate (CAGR) of 1.50% during 2024-2032. The market is being propelled by a range of important factors, including the increasing presence of well-structured retail networks and the extensive accessibility of shrimp across both traditional and digital retail platforms.

Shrimp are a type of decapod crustaceans belonging to the infraorder caridea, distinguished by their laterally compressed body structure with elongated antennae and legs, a delicate and partially transparent exoskeleton, leaf-like gills, and a tail resembling a fan. This category includes various creatures like crabs, lobsters, shrimp, krill, and woodlice, commonly found in both freshwater and marine environments. Shrimp utilize their swimmerets to propel themselves forwards or backward by flexing their abdomen and the fan-shaped tail. They are widely utilized in the preparation of a diverse array of dishes, ranging from shrimp kebabs, shrimp creole, and shrimp gumbo to pan-fried, deep-fried, and stir-fried shrimp. Additionally, they feature prominently in recipes such as pineapple and lemon shrimp, shrimp soup, shrimp stew, shrimp and potatoes, shrimp burgers, coconut shrimp, pepper shrimp, shrimp sandwiches, and shrimp fajitas. Furthermore, they are often kept in household aquariums as they aid in the management of algae and the removal of debris.

South East Asia Shrimp Market Trends:

The increasing consumption of seafood, attributed to the heightened awareness among consumers regarding the numerous health benefits associated with seafood consumption, is primarily driving the market growth in South East Asia. Moreover, the growing emphasis on health consciousness among the populace, coupled with evolving dietary preferences, is fostering a heightened demand for lean protein sources, with shrimp being a popular choice for inclusion in daily diets. Additionally, there is a noticeable preference for convenient and ready-to-eat (RTE) food options, including shrimp-infused snacks, driven by the accelerating pace of urbanization, an expanding working demographic, hectic schedules, and an upward trajectory in disposable incomes, all contributing to the expansion of the market. Furthermore, the escalating prevalence of health issues such as obesity, vision impairments, skin cancer, cardiovascular ailments, and other chronic and lifestyle-related disorders is further fueling the demand for shrimp-derived products. This surge in demand is also supported by the increasing adoption of online food delivery platforms, which have facilitated the widespread availability and accessibility of shrimp-based food items, thus contributing to a positive growth outlook for the market over the forecasted period.

South East Asia Shrimp Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country level for 2024-2032. Our report has categorized the market based on environment, species, shrimp size, and distribution channel.

Environment Insights:

• Farmed Shrimp
• Wild Shrimp
   

The report has provided a detailed breakup and analysis of the market based on the environment. This includes farmed shrimp and wild shrimp.

Species Insights:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others
   

A detailed breakup and analysis of the market based on the species have also been provided in the report. This includes penaeus vannamei, penaeus monodon, macrobrachium rosenbergii, and others.

Shrimp Size Insights:

• <21
• 21-25
• 26-30 
• 31-40
• 41-50
• 51-60
• 61-70
• >70
   

The report has provided a detailed breakup and analysis of the market based on the shrimp size. This includes <21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, and >70.

Distribution Channel Insights:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others
   

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes hypermarkets and supermarkets, convenience stores, hotels and restaurants, online sales, and others.

Country Insights:

• Indonesia
• Thailand
• Singapore
• Philippines
• Vietnam
• Malaysia
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Indonesia, Thailand, Singapore, Philippines, Vietnam, Malaysia, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:

• Blue Archipelago Berhad (Khazanah Nasional Berhad)
• Minh Phu Seafood Joint Stock Company
• PT. Mustika Minanusa Aurora
• Thai Union Seafood Co. Ltd.
• YHL Aquatic Sdn Bhd

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

South East Asia Shrimp Market Report Coverage:

Key Questions Answered in This Report:

• How has the South East Asia shrimp market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the South East Asia shrimp market?
• What is the breakup of the South East Asia shrimp market on the basis of environment?
• What is the breakup of the South East Asia shrimp market on the basis of species?
• What is the breakup of the South East Asia shrimp market on the basis of shrimp size?
• What is the breakup of the South East Asia shrimp market on the basis of distribution channel?
• What are the various stages in the value chain of the South East Asia shrimp market? 
• What are the key driving factors and challenges in the South East Asia shrimp?
• What is the structure of the South East Asia shrimp market and who are the key players?
• What is the degree of competition in the South East Asia shrimp market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South East Asia shrimp market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the South East Asia shrimp market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South East Asia shrimp industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.