Shrimp Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0019902
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.39 |
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Shrimp Market Analysis By Type (Whiteleg Shrimp, Black Tiger Shrimp, Pink Shrimp, Others), By Distribution Channel (Online Retail, Offline Retail), By Region Forecast to 2032:
The Shrimp Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for seafood, sustainable aquaculture practices, and the versatility of shrimp as a culinary ingredient. The shrimp market caters to consumers seeking high-quality seafood products and diverse shrimp options.
Shrimp Market Overview:
Drivers:
One of the primary drivers fueling the growth of the Shrimp Market is the increasing demand for seafood, particularly shrimp, among consumers worldwide. Shrimp is known for its delicate flavor and versatility in various culinary applications, making it a sought-after ingredient in both home and restaurant kitchens. The rising popularity of seafood dishes and the recognition of shrimp as a healthy protein source contribute to market growth.
Furthermore, sustainable aquaculture practices are playing a crucial role in driving market growth. Sustainable shrimp farming methods, including responsible water management and reduced environmental impact, are gaining prominence. Consumers are increasingly inclined to choose sustainably sourced shrimp products, driving the adoption of eco-friendly practices in the shrimp farming industry.
Trends:
An emerging trend in the Shrimp Market is the exploration of various shrimp types, including Whiteleg Shrimp, Black Tiger Shrimp, Pink Shrimp, and others. Each shrimp type offers distinct flavors, textures, and sizes, catering to a wide range of culinary preferences. Restaurants and seafood retailers are expanding their offerings to include a variety of shrimp options.
Additionally, the market is witnessing a shift towards online retail channels for purchasing shrimp. Online platforms provide consumers with convenient access to a wide selection of shrimp products, including fresh and frozen options. E-commerce is becoming a significant distribution channel for shrimp sales.
Restraints:
One of the key challenges hindering the growth of the Shrimp Market is the impact of environmental factors and climate change on shrimp farming. Variations in water temperature, disease outbreaks, and extreme weather events can affect shrimp production and quality. Adapting to changing environmental conditions and ensuring consistent shrimp supply can be challenging for shrimp farmers.
Moreover, the market may face challenges related to pricing fluctuations and competition from alternative protein sources. Maintaining competitive pricing while meeting quality and sustainability standards is essential for market players.
Shrimp Market Segmentation By Type:
Shrimp is categorized into various types, including Whiteleg Shrimp, Black Tiger Shrimp, Pink Shrimp, and others. Each type offers unique flavor profiles and characteristics, appealing to diverse consumer preferences.
Shrimp Market Segmentation By Distribution Channel:
Shrimp distribution channels encompass Online Retail and Offline Retail. Online retail platforms provide convenience and a wide product range, while offline retail includes seafood markets, grocery stores, and restaurants.
Regional Overview:
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The global Shrimp Market has a strong presence in regions known for shrimp production, including Southeast Asia, Latin America, and the United States. Countries like Thailand, Indonesia, and Ecuador are major shrimp exporters. Emerging markets in Asia, including China and India, are also significant contributors to shrimp production and consumption.
Shrimp Market Customer Landscape:
The Shrimp Market caters to a diverse customer base that includes seafood enthusiasts, culinary professionals, health-conscious consumers, and those seeking high-quality protein sources. Understanding consumer preferences, such as shrimp size, origin, and preparation methods, is essential for market success.
Major Shrimp Companies:
Companies in the shrimp market are focusing on sustainable farming practices, product innovation, and marketing strategies to meet consumer demands and maintain market competitiveness.
Example companies include:
- AquaHarvest Shrimp Co.: AquaHarvest Shrimp Co. specializes in responsible shrimp farming practices, offering a range of sustainably sourced shrimp products.
- OceanFlavors Seafoods: OceanFlavors Seafoods focuses on premium shrimp varieties, including Black Tiger Shrimp and Whiteleg Shrimp, catering to consumers seeking high-quality seafood options.
- EcoShrimp Producers: EcoShrimp Producers emphasize eco-friendly shrimp farming methods, promoting sustainability and environmental stewardship in the industry.
The competitive landscape analysis in the report provides insights into 20 key market players, including:
- Global Seafood Co.
- ShrimpMaster Ventures
- SeafoodDelight Inc.
- AquaCuisine Brands
- OceanHarvest Group
- SeaTaste Premium Foods
- SustainableShrimp Producers
- ShrimpWonders Ltd.
- AquaEco Enterprises
Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.
Segment Overview:
The Shrimp Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.
- Type Outlook (USD Million, 2019 - 2032):
- Whiteleg Shrimp
- Black Tiger Shrimp
- Pink Shrimp
- Others
- Distribution Channel Outlook (USD Million, 2019 - 2032):
- Online Retail
- Offline Retail
- Geography Outlook (USD Million, 2019 - 2032):
- North America
- United States
- Canada
- Europe
- United Kingdom
- France
- Spain
- Asia-Pacific
- Thailand
- Indonesia
- India
- Latin America
- Ecuador
- Mexico
- Middle East & Africa
- United Arab Emirates
- South Africa
Table of Contents
Chapter 1 Shrimp Market Overview
1.1 Shrimp Definition
1.2 Global Shrimp Market Size Status and Outlook (2013-2026)
1.3 Global Shrimp Market Size Comparison by Region (2013-2026)
1.4 Global Shrimp Market Size Comparison by Type (2013-2026)
1.5 Global Shrimp Market Size Comparison by Application (2013-2026)
1.6 Global Shrimp Market Size Comparison by Sales Channel (2013-2026)
1.7 Shrimp Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Shrimp Market Segment Analysis by Player
2.1 Global Shrimp Sales and Market Share by Player (2016-2018)
2.2 Global Shrimp Revenue and Market Share by Player (2016-2018)
2.3 Global Shrimp Average Price by Player (2016-2018)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Shrimp Market Segment Analysis by Type
3.1 Global Shrimp Market by Type
3.1.1 Whiteleg Shrimp
3.1.2 Giant Tiger Prawn
3.1.3 Akiami Paste Shrimp
3.1.4 Other
3.2 Global Shrimp Sales and Market Share by Type (2013-2018)
3.3 Global Shrimp Revenue and Market Share by Type (2013-2018)
3.4 Global Shrimp Average Price by Type (2013-2018)
3.5 Leading Players of Shrimp by Type in 2018
3.6 Conclusion of Segment by Type
Chapter 4 Shrimp Market Segment Analysis by Application
4.1 Global Shrimp Market by Application
4.1.1 Household
4.1.2 Restaurant & Hotel
4.2 Global Shrimp Sales and Market Share by Application (2013-2018)
4.3 Leading Consumers of Shrimp by Application in 2018
4.4 Conclusion of Segment by Application
Chapter 5 Shrimp Market Segment Analysis by Sales Channel
5.1 Global Shrimp Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Shrimp Sales and Market Share by Sales Channel (2013-2018)
5.3 Leading Distributors/Dealers of Shrimp by Sales Channel in 2018
5.4 Conclusion of Segment by Sales Channel
Chapter 6 Shrimp Market Segment Analysis by Region
6.1 Global Shrimp Market Size and CAGR by Region (2013-2026)
6.2 Global Shrimp Sales and Market Share by Region (2013-2018)
6.3 Global Shrimp Revenue and Market Share by Region (2013-2018)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Shrimp Market Share by Type
6.4.3 North America Shrimp Market Share by Application
6.4.4 United States
6.4.5 Canada
6.4.6 Mexico
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Shrimp Market Share by Type
6.5.3 Europe Shrimp Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Russia
6.5.9 Spain
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Shrimp Market Share by Type
6.6.3 Asia-Pacific Shrimp Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Shrimp Market Share by Type
6.7.3 South America Shrimp Market Share by Application
6.7.4 Brazil
6.7.5 Argentina
6.7.6 Colombia
6.7.7 Chile
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Shrimp Market Share by Type
6.8.3 Middle East & Africa Shrimp Market Share by Application
6.8.4 Egypt
6.8.5 Saudi Arabia
6.8.6 South Africa
6.8.7 Nigeria
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Shrimp Players
7.1 Minh Phu Seafood Corp
7.1.1 Company Snapshot
7.1.2 Product/Business Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.1.4 Strategy and SWOT Analysis
7.2 Thai Union
7.3 Expalsa
7.4 Zhanjiang Guolian
7.5 Pescanova
7.6 Omarsa
7.7 Songa
7.8 Iberconsa
7.9 Conarpesa
7.10 Royal Greenland A/S
7.11 ProExpo
7.12 Quoc Viet
7.13 Devi Fisheries
7.14 The Liberty Group
7.15 Nekkanti Sea Foods
Chapter 8 Upstream and Downstream Analysis of Shrimp
8.1 Industrial Chain of Shrimp
8.2 Upstream of Shrimp
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.2.4 Manufacturing Cost Structure
8.2.5 Manufacturing Process
8.3 Downstream of Shrimp
8.3.1 Leading Distributors/Dealers of Shrimp
8.3.2 Leading Consumers of Shrimp
Chapter 9 Development Trend of Shrimp (2019-2026)
9.1 Global Shrimp Market Size (Sales and Revenue) Forecast (2019-2026)
9.2 Global Shrimp Market Size and CAGR Forecast by Region (2019-2026)
9.3 Global Shrimp Market Size and CAGR Forecast by Type (2019-2026)
9.4 Global Shrimp Market Size and CAGR Forecast by Application (2019-2026)
9.5 Global Shrimp Market Size Forecast by Sales Channel (2019-2026)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures
Figure Shrimp Example
Figure Global Shrimp Revenue (Million $) Status and Outlook (2013-2026)
Figure Global Shrimp Revenue (Million $) Comparison by Region (2013-2026)
Figure Global Shrimp Sales Comparison by Type (2013-2026)
Figure Global Shrimp Sales Comparison by Application (2013-2026)
Figure Global Shrimp Sales Comparison by Sales Channel (2013-2026)
Table Global Shrimp Sales by Player (2016-2018)
Table Global Shrimp Sales Market Share by Player (2016-2018)
Figure Global Shrimp Sales Market Share by Player in 2018
Table Global Shrimp Revenue (Million $) by Player (2016-2018)
Table Global Shrimp Revenue Market Share by Player (2016-2018)
Figure Global Shrimp Revenue Market Share by Player in 2018
Table Global Shrimp Average Price by Player (2016-2018)
Figure Global Shrimp Average Price by Player in 2018
Figure Global Shrimp Players Competition Situation - Top 5 Players' Revenue Market Share in 2016
Figure Global Shrimp Players Competition Trends - Top 5 Players' Revenue Market Share in 2018
Figure Example of Whiteleg Shrimp
Figure Global Whiteleg Shrimp Sales and Growth Rate (2013-2018)
Figure Example of Giant Tiger Prawn
Figure Global Giant Tiger Prawn Sales and Growth Rate (2013-2018)
Figure Example of Akiami Paste Shrimp
Figure Global Akiami Paste Shrimp Sales and Growth Rate (2013-2018)
Figure Example of Other
Figure Global Other Sales and Growth Rate (2013-2018)
Table Global Shrimp Sales by Type (2013-2018)
Table Global Shrimp Sales Market Share by Type (2013-2018)
Figure Global Shrimp Sales Market Share by Type in 2018
Table Global Shrimp Revenue (Million $) by Type (2013-2018)
Table Global Shrimp Revenue Market Share by Type (2013-2018)
Figure Global Shrimp Revenue Market Share by Type in 2018
Table Global Shrimp Average Price by Type (2013-2018)
Figure Global Shrimp Average Price by Type in 2018
Table Leading Players of Shrimp by Type in 2018
Figure Example of Household
Figure Global Shrimp for Household Sales and Growth Rate (2013-2018)
Figure Example of Restaurant & Hotel
Figure Global Shrimp for Restaurant & Hotel Sales and Growth Rate (2013-2018)
Table Global Shrimp Sales by Application (2013-2018)
Table Global Shrimp Sales Market Share by Application (2013-2018)
Figure Global Shrimp Sales Market Share by Application in 2018
Table Leading Consumers of Shrimp by Application in 2018
Figure Example of Direct Channel
Figure Global Shrimp for Direct Channel Sales and Growth Rate (2013-2018)
Figure Example of Distribution Channel
Figure Global Shrimp for Distribution Channel Sales and Growth Rate (2013-2018)
Table Global Shrimp Sales by Sales Channel (2013-2018)
Table Global Shrimp Sales Market Share by Sales Channel (2013-2018)
Figure Global Shrimp Sales Market Share by Sales Channel in 2018
Table Leading Distributors/Dealers of Shrimp by Sales Channel in 2018
Table Global Shrimp Market Size and CAGR by Region (2013-2026)
Table Global Shrimp Sales by Region (2013-2018)
Table Global Shrimp Sales Market Share by Region (2013-2018)
Figure Global Shrimp Sales Market Share by Region in 2018
Table Global Shrimp Revenue (Million $) by Region (2013-2018)
Table Global Shrimp Revenue Market Share by Region (2013-2018)
Figure Global Shrimp Revenue Market Share by Region in 2018
Table North America Shrimp Sales by Country (2013-2018)
Figure North America Shrimp Sales Market Share by Country (2013-2018)
Table North America Shrimp Revenue by Country (2013-2018)
Figure North America Shrimp Revenue Market Share by Country (2013-2018)
Figure North America Shrimp Sales Market Share by Type in 2018
Figure North America Shrimp Sales Market Share by Application in 2018
Figure United States Shrimp Sales and Growth Rate (2013-2018)
Figure United States Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Canada Shrimp Sales and Growth Rate (2013-2018)
Figure Canada Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Mexico Shrimp Sales and Growth Rate (2013-2018)
Figure Mexico Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Table Europe Shrimp Sales by Country (2013-2018)
Figure Europe Shrimp Sales Market Share by Country (2013-2018)
Table Europe Shrimp Revenue by Country (2013-2018)
Figure Europe Shrimp Revenue Market Share by Country (2013-2018)
Figure Europe Shrimp Sales Market Share by Type in 2018
Figure Europe Shrimp Sales Market Share by Application in 2018
Figure Germany Shrimp Sales and Growth Rate (2013-2018)
Figure Germany Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure UK Shrimp Sales and Growth Rate (2013-2018)
Figure UK Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure France Shrimp Sales and Growth Rate (2013-2018)
Figure France Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Italy Shrimp Sales and Growth Rate (2013-2018)
Figure Italy Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Russia Shrimp Sales and Growth Rate (2013-2018)
Figure Russia Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Spain Shrimp Sales and Growth Rate (2013-2018)
Figure Spain Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Table Asia-Pacific Shrimp Sales by Country (2013-2018)
Figure Asia-Pacific Shrimp Sales Market Share by Country (2013-2018)
Table Asia-Pacific Shrimp Revenue by Country (2013-2018)
Figure Asia-Pacific Shrimp Revenue Market Share by Country (2013-2018)
Figure Asia-Pacific Shrimp Sales Market Share by Type in 2018
Figure Asia-Pacific Shrimp Sales Market Share by Application in 2018
Figure China Shrimp Sales and Growth Rate (2013-2018)
Figure China Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Japan Shrimp Sales and Growth Rate (2013-2018)
Figure Japan Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Korea Shrimp Sales and Growth Rate (2013-2018)
Figure Korea Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure India Shrimp Sales and Growth Rate (2013-2018)
Figure India Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Southeast Asia Shrimp Sales and Growth Rate (2013-2018)
Figure Southeast Asia Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Australia Shrimp Sales and Growth Rate (2013-2018)
Figure Australia Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Table South America Shrimp Sales by Country (2013-2018)
Figure South America Shrimp Sales Market Share by Country (2013-2018)
Table South America Shrimp Revenue by Country (2013-2018)
Figure South America Shrimp Revenue Market Share by Country (2013-2018)
Figure South America Shrimp Sales Market Share by Type in 2018
Figure South America Shrimp Sales Market Share by Application in 2018
Figure Brazil Shrimp Sales and Growth Rate (2013-2018)
Figure Brazil Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Argentina Shrimp Sales and Growth Rate (2013-2018)
Figure Argentina Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Colombia Shrimp Sales and Growth Rate (2013-2018)
Figure Colombia Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Chile Shrimp Sales and Growth Rate (2013-2018)
Figure Chile Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Table Middle East & Africa Shrimp Sales by Country (2013-2018)
Figure Middle East & Africa Shrimp Sales Market Share by Country (2013-2018)
Table Middle East & Africa Shrimp Revenue by Country (2013-2018)
Figure Middle East & Africa Shrimp Revenue Market Share by Country (2013-2018)
Figure Middle East & Africa Shrimp Sales Market Share by Type in 2018
Figure Middle East & Africa Shrimp Sales Market Share by Application in 2018
Figure Egypt Shrimp Sales and Growth Rate (2013-2018)
Figure Egypt Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Saudi Arabia Shrimp Sales and Growth Rate (2013-2018)
Figure Saudi Arabia Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure South Africa Shrimp Sales and Growth Rate (2013-2018)
Figure South Africa Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Figure Nigeria Shrimp Sales and Growth Rate (2013-2018)
Figure Nigeria Shrimp Revenue (Million $) and Growth Rate (2013-2018)
Table Company Snapshot of Minh Phu Seafood Corp
Table Shrimp Introduction of Minh Phu Seafood Corp
Table Shrimp Sales, Price, Revenue, Gross Margin and Market Share of Minh Phu Seafood Corp (2016-2018)
Table Industrial Chain of Shrimp
Table Manufacturing Cost Structure of Shrimp
Table General Manufacturing Process of Shrimp
Table Leading Distributors/Dealers of Shrimp
Table Leading Consumers of Shrimp
Figure Global Shrimp Sales and Growth Rate Forecast (2019-2026)
Figure Global Shrimp Revenue and Growth Rate Forecast (2019-2026)
Table Global Shrimp Market Size and CAGR Forecast by Region (2019-2026)
Table Global Shrimp Market Size and CAGR Forecast by Type (2019-2026)
Table Global Shrimp Market Size and CAGR Forecast by Application (2019-2026)
Table Global Shrimp Market Size and CAGR Forecast by Sales Channel (2019-2026)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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