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Report
Global Shrimp Market Report and Forecast 2023-2028
Market Report I 2023-10-11 I 172 Pages I EMR Inc.
Global Shrimp Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global shrimp market reached a volume of 7.14 million tons in 2022. Aided by the increasing demand for seafood-rich diets and the versatility of shrimp in culinary applications worldwide, the market is projected to further grow at a CAGR of 6.40% between 2023 and 2028 to reach a volume of 10.27 million tons by 2028.
Shrimp, a popular aquatic delicacy, belongs to the group of swimming crustaceans and is predominantly harvested from both freshwater and marine environments. Esteemed for its tender texture and subtly sweet flavour, shrimp not only enjoys a prominent position in gourmet dishes but is also a rich source of proteins, omega-3 fatty acids, and essential vitamins. These health benefits make it a preferred choice for seafood enthusiasts and health-conscious consumers alike.
The surge in seafood consumption, underpinned by the rising awareness of its health advantages, predominantly propels the global shrimp market demand. As consumers progressively recognise the cardiovascular benefits and the pivotal role of omega-3 fatty acids in cognitive health, the demand for shrimp as a nutritious dietary component has amplified. Moreover, the culinary versatility of shrimp, which can be grilled, fried, steamed, or added to salads, pastas, and curries, has further endeared it to chefs and home cooks globally.
Another significant aspect influencing the shrimp market growth is its burgeoning application in processed and convenience foods. The escalating pace of urban lifestyles, paired with the increasing demand for ready-to-eat seafood products, has given rise to an array of shrimp-based offerings such as frozen shrimp, shrimp paste, and pre-cooked shrimp meals.
The extensive aquaculture practices dedicated to shrimp cultivation have also been instrumental in satisfying the global appetite. As per the shrimp market analysis, innovations in farming technologies and sustainable practices have ensured a consistent supply, addressing concerns related to overfishing and ecological imbalances. Furthermore, advancements in cold storage and transport facilities have facilitated the expansion of the market by ensuring fresh supply chains, even to regions far from coastal areas.
The rising trend of organic and responsibly farmed shrimp is creating a niche but rapidly growing segment. As consumers become more environmentally conscious, the demand for shrimp cultivated without antibiotics and in eco-friendly farms is gaining traction and adding value to shrimp market size. This shift is not only beneficial from an ecological standpoint but also promises shrimp of superior quality and taste.
Market Segmentation
The market can be divided based on type, species, product category, distribution channel, and region.
Market Breakup by Type
- Wild Shrimp
- Farmed Shrimp
Market Breakup by Species
- Penaeus Vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
Market Breakup by Product Category
- Peeled
- Shell-on
- Cooked
- Breaded
- Others
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global shrimp market. Some of the major players explored in the report by Expert Market Research are as follows:
- Mazzetta Company, LLC
- Apex Frozen Foods Ltd.
- Seaprimexco Vietnam
- Liveris Afentoulis & Co.
- Grand Ocean Seafoods Co., Ltd
- Charoen Pokphand Foods PCL
- Grupo Iberica Congelados, S.A
- Ocean More Foods Co., Limited
- Aqua Star
- Pacific Seafood
- Santa Priscila
- Thai Union Group PCL
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Shrimp Market Analysis
8.1 Key Industry Highlights
8.2 Global Shrimp Historical Market (2018-2022)
8.3 Global Shrimp Market Forecast (2023-2028)
8.4 Global Shrimp Market by Type
8.4.1 Wild Shrimp
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Farmed Shrimp
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Shrimp Market by Species
8.5.1 Penaeus Vannamei
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Penaeus Monodon
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Macrobrachium Rosenbergii
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Shrimp Market by Product Category
8.6.1 Peeled
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Shell-on
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Cooked
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Breaded
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Shrimp Market by Distribution Channel
8.7.1 Hypermarkets and Supermarkets
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Convenience Stores
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Hotels and Restaurants
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Online
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Others
8.8 Global Shrimp Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Shrimp Market Analysis
9.1 Market by Type
9.2 Market by Species
9.3 Market by Product Category
9.4 Market by Distribution Channel
9.5 Market by Country
9.5.1 United States of America
9.5.1.1 Historical Trend (2018-2022)
9.5.1.2 Forecast Trend (2023-2028)
9.5.2 Canada
9.5.2.1 Historical Trend (2018-2022)
9.5.2.2 Forecast Trend (2023-2028)
10 Europe Shrimp Market Analysis
10.1 Market by Type
10.2 Market by Species
10.3 Market by Product Category
10.4 Market by Distribution Channel
10.5 Market by Country
10.5.1 United Kingdom
10.5.1.1 Historical Trend (2018-2022)
10.5.1.2 Forecast Trend (2023-2028)
10.5.2 Germany
10.5.2.1 Historical Trend (2018-2022)
10.5.2.2 Forecast Trend (2023-2028)
10.5.3 France
10.5.3.1 Historical Trend (2018-2022)
10.5.3.2 Forecast Trend (2023-2028)
10.5.4 Italy
10.5.4.1 Historical Trend (2018-2022)
10.5.4.2 Forecast Trend (2023-2028)
10.5.5 Others
11 Asia Pacific Shrimp Market Analysis
11.1 Market by Type
11.2 Market by Species
11.3 Market by Product Category
11.4 Market by Distribution Channel
11.5 Market by Country
11.5.1 China
11.5.1.1 Historical Trend (2018-2022)
11.5.1.2 Forecast Trend (2023-2028)
11.5.2 Japan
11.5.2.1 Historical Trend (2018-2022)
11.5.2.2 Forecast Trend (2023-2028)
11.5.3 India
11.5.3.1 Historical Trend (2018-2022)
11.5.3.2 Forecast Trend (2023-2028)
11.5.4 ASEAN
11.5.4.1 Historical Trend (2018-2022)
11.5.4.2 Forecast Trend (2023-2028)
11.5.5 South Korea
11.5.5.1 Historical Trend (2018-2022)
11.5.5.2 Forecast Trend (2023-2028)
11.5.6 Australia
11.5.6.1 Historical Trend (2018-2022)
11.5.6.2 Forecast Trend (2023-2028)
11.5.7 Others
12 Latin America Shrimp Market Analysis
12.1 Market by Type
12.2 Market by Species
12.3 Market by Product Category
12.4 Market by Distribution Channel
12.5 Market by Country
12.5.1 Brazil
12.5.1.1 Historical Trend (2018-2022)
12.5.1.2 Forecast Trend (2023-2028)
12.5.2 Argentina
12.5.2.1 Historical Trend (2018-2022)
12.5.2.2 Forecast Trend (2023-2028)
12.5.3 Mexico
12.5.3.1 Historical Trend (2018-2022)
12.5.3.2 Forecast Trend (2023-2028)
12.5.4 Others
13 Middle East and Africa Shrimp Market Analysis
13.1 Market by Type
13.2 Market by Species
13.3 Market by Product Category
13.4 Market by Distribution Channel
13.5 Market by Country
13.5.1 Saudi Arabia
13.5.1.1 Historical Trend (2018-2022)
13.5.1.2 Forecast Trend (2023-2028)
13.5.2 United Arab Emirates
13.5.2.1 Historical Trend (2018-2022)
13.5.2.2 Forecast Trend (2023-2028)
13.5.3 Nigeria
13.5.3.1 Historical Trend (2018-2022)
13.5.3.2 Forecast Trend (2023-2028)
13.5.4 South Africa
13.5.4.1 Historical Trend (2018-2022)
13.5.4.2 Forecast Trend (2023-2028)
13.5.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18 Shrimp Processing
18.1 Product Overview
18.2 Detailed Process Flow
18.3 Various Types of Unit Operations Involved
18.4 Mass Balance and Raw Material Requirements
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 Mazzetta Company, LLC
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 Apex Frozen Foods Ltd.
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Seaprimexco Vietnam
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Liveris Afentoulis & Co.
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Grand Ocean Seafoods Co., Ltd
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 Charoen Pokphand Foods PCL
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 Grupo Iberica Congelados, S.A
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 Ocean More Foods Co., Limited
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Aqua Star
19.2.9.1 Company Overview
19.2.9.2 Product Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 Pacific Seafood
19.2.10.1 Company Overview
19.2.10.2 Product Portfolio
19.2.10.3 Demographic Reach and Achievements
19.2.10.4 Certifications
19.2.11 Santa Priscila
19.2.11.1 Company Overview
19.2.11.2 Product Portfolio
19.2.11.3 Demographic Reach and Achievements
19.2.11.4 Certifications
19.2.12 Thai Union Group PCL
19.2.12.1 Company Overview
19.2.12.2 Product Portfolio
19.2.12.3 Demographic Reach and Achievements
19.2.12.4 Certifications
19.2.13 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Shrimp Market: Key Industry Highlights, 2018 and 2032
2. Global Shrimp Historical Market: Breakup by Type (MMT), 2018-2022
3. Global Shrimp Market Forecast: Breakup by Type (MMT), 2023-2028
4. Global Shrimp Historical Market: Breakup by Source (MMT), 2018-2022
5. Global Shrimp Market Forecast: Breakup by Source (MMT), 2023-2028
6. Global Shrimp Historical Market: Breakup by Product Category (MMT), 2018-2022
7. Global Shrimp Market Forecast: Breakup by Product Category (MMT), 2023-2028
8. Global Shrimp Historical Market: Breakup by End-Use (MMT), 2018-2022
9. Global Shrimp Market Forecast: Breakup by End-Use (MMT), 2023-2028
10. Global Shrimp Historical Market: Breakup by Distribution Channel (MMT), 2018-2022
11. Global Shrimp Market Forecast: Breakup by Distribution Channel (MMT), 2023-2028
12. Global Shrimp Historical Market: Breakup by Region (MMT), 2018-2022
13. Global Shrimp Market Forecast: Breakup by Region (MMT), 2023-2028
14. North America Shrimp Historical Market: Breakup by Country (MMT), 2018-2022
15. North America Shrimp Market Forecast: Breakup by Country (MMT), 2023-2028
16. Europe Shrimp Historical Market: Breakup by Country (MMT), 2018-2022
17. Europe Shrimp Market Forecast: Breakup by Country (MMT), 2023-2028
18. Asia Pacific Shrimp Historical Market: Breakup by Country (MMT), 2018-2022
19. Asia Pacific Shrimp Market Forecast: Breakup by Country (MMT), 2023-2028
20. Latin America Shrimp Historical Market: Breakup by Country (MMT), 2018-2022
21. Latin America Shrimp Market Forecast: Breakup by Country (MMT), 2023-2028
22. Middle East and Africa Shrimp Historical Market: Breakup by Country (MMT), 2018-2022
23. Middle East and Africa Shrimp Market Forecast: Breakup by Country (MMT), 2023-2028
24. Major Importing Countries by Volume
25. Major Exporting Countries by Volume
26. Major Importing Countries by Value
27. Major Exporting Countries by Value
28. North America Historical Price Trends and Forecast 2018-2028
29. Europe Historical Price Trends and Forecast 2018-2028
30. Asia Pacific Historical Price Trends and Forecast 2018-2028
31. Latin America Historical Price Trends and Forecast 2018-2028
32. Middle East and Africa Historical Price Trends and Forecast 2018-2028
33. Global Shrimp Market Structure
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