China Shrimp Market Size (2024 - 2029)

China Shrimp Market Analysis

The China Shrimp Market size is estimated at USD 378.30 thousand in 2024, and is expected to reach USD 433.10 thousand by 2029, at a CAGR of 6% during the forecast period (2024-2029).

• Chinese consumers are increasingly embracing shrimp, attracted by its nutritional advantages and low-fat protein profile. With zero carbohydrates and a mere calorie count of about one per gram, shrimp is swiftly becoming a dietary staple. Beyond its calorie-light nature, shrimp is rich in essential minerals and vitamins. These include iron, and vitamins A, E, B6, and B12, reinforcing its status as a healthful food. Consumption of shrimp is associated with numerous health benefits as it helps prevent hair loss, bolster bone health, improve memory, ease menstrual cramps, reduce bad cholesterol, and potentially lower the risk of lung and prostate cancers. This is further accepted to enhance the market for shrimp in China.
• In terms of production, as per USDA, China is one of the largest aquaculture shrimp (Penaeus vannamei) producers globally, producing nearly 2.1 million metric tons in 2022, up 6.1 percent from 2021. The original farming region where farmers grow shrimp in earthen and lined ponds is in the Southern provinces of Guandong, Guanxi, Hainan, Fujian, and Zhejiang. Production in earthen and lined ponds produced around 70% of China's saltwater shrimp production.
• Besides, China’s aquatic animal product export platform has a rich diversity of species and product forms. Notably, China is one of the major exporters of aquatic fishlike cephalopods, tilapias, and shrimps. A distinctive feature of Chinese exports is the prevalence of processed aquatic products originating from both domestic and imported raw materials. Chinese shrimp exports include a wide array of shrimp products, ranging from frozen whole shrimp to frozen shrimp and canned shrimp. According to ITC trade, the countries majorly importing shrimp from China include Japan, Hongkong, Korea, Malaysia, Canada, and others.

China Shrimp Industry Segmentation

A shrimp can be defined as a small-sized marine crustacean with an elongated body, typically consumed as food, hence, it is of high commercial importance. The report covers Shrimp Farming in China and offers an analysis of Production (Volume), Consumption (Value and Volume), Import (Value and Volume), Export (Value and Volume), and Prices. The report offers the market size and forecasts for volume in metric tons and value in (USD) for all the above segments.