Shrimp Market - Growth, Trends, and Forecast (2020 - 2025)

The Shrimp Market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Market Snapshot

Study Period:

2015-2024

Base Year:

2019

Largest Market:

Asia Pacific

CAGR:

1.5 %

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Market Overview

The global shrimp market was valued at USD 38,325,162.9 thousand in 2018, projected to grow at a  CAGR of 1.5% during the forecast period.  The global shrimp market recorded a volume of 4,184.96 thousand metric tons in 2018, projected to grow at an estimated CAGR of 1.4%, during the forecast period. The shrimp market is driven by various factors such as the escalating demand due to the increasing health benefits offered by shrimps, increase in adoption of new environmentally friendly production techniques and contract farming & government policies driving the market. Shrimp species, such as white leg shrimp, giant tiger shrimps, gulf shrimps, blue shrimps, and royal red shrimps, are the most popular varieties that are consumed all over the world.

Scope of the Report

A shrimp can be defined as a small-sized marine crustacean with an elongated body, typically consumed as food, hence, is of high commercial importance. The report presents a wide-ranging analysis of the size of shrimp markets, worldwide.

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Key Market Trends

Increased Demand Due To Health Benefits Driving the Market

The demand for shrimp is increasing among consumers, as it is high in nutritional value and low-fat protein. It contains zero carbs and is very low in calories. One gram of shrimp accounts approximately for one calorie. These factors make people include shrimp in their food diet. Moreover, shrimp is rich in minerals and vitamins, like iron, calcium, sodium, phosphorus, zinc, magnesium, potassium, iodine, niacin, riboflavin, thiamin,  vitamin A, vitamin E, vitamin B6, and vitamin B12. All the minerals, vitamins, and nutrients together make shrimp healthy food. Shrimp helps in preventing many health issues. It helps in preventing hair loss, maintaining healthy bones, improving memory performance, reducing menstrual cramps, eliminating bad cholesterol, and reducing the risk of occurrence of lung and prostate cancer. Moreover, shrimp is a beneficial source of protein and vitamin D, without adding carbohydrates to the consumers’ daily intake; so for people determined to lose weight, this simple form of seafood is a popular option. The high levels of zinc found in shrimp are also beneficial since zinc is one way to increase leptin levels in the body, which regulates fat storage, appetite, and overall energy use in the body and maintains the strength of the hair. By increasing the levels of leptin in the body, consumers can avoid common issues, like overeating, inexplicable cravings for food after being “full”, and similar problems for weight-conscious individuals.

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Asia-Pacific Leads the Shrimp Market

Asia-Pacific has been leading the shrimps market for a long period of time. The production of shrimp in China 1,956.9 thousand metric tons in 2018, registering a CAGR of 1.6% during the forecast period. In China, shrimp production generally begins at the end of the calendar year. During this period, farmers make simple repairs to culture ponds by removing accumulated sediment, taking advantage of the sun and cold in winter to clean the pond completely which increases the shrimp population in the pond. Adoption of Pacific white shrimp as the prominent species by India’s growing aquaculture industry, especially in the contract farming sector, is one of the main factors, which helps India to expand more into the US shrimp market.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Shrimp Market Drivers

    3. 4.3 Shrimp Market Restraints

    4. 4.4 Value Chain/Supply Chain Analysis

  5. 5. SHRIMP MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 Canada

          1. 5.1.1.1.1 Production Analysis

          2. 5.1.1.1.2 Consumption Analysis and Market Value

          3. 5.1.1.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.1.1.5 Price Trends Analysis

        2. 5.1.1.2 United States

          1. 5.1.1.2.1 Production Analysis

          2. 5.1.1.2.2 Consumption Analysis and Market Value

          3. 5.1.1.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.1.2.5 Price Trends Analysis

      2. 5.1.2 Europe

        1. 5.1.2.1 The Netherlands

          1. 5.1.2.1.1 Production Analysis

          2. 5.1.2.1.2 Consumption Analysis and Market Value

          3. 5.1.2.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.1.5 Price Trends Analysis

        2. 5.1.2.2 Norway

          1. 5.1.2.2.1 Production Analysis

          2. 5.1.2.2.2 Consumption Analysis and Market Value

          3. 5.1.2.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.2.5 Price Trends Analysis

        3. 5.1.2.3 United Kingdom

          1. 5.1.2.3.1 Production Analysis

          2. 5.1.2.3.2 Consumption Analysis and Market Value

          3. 5.1.2.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.3.5 Price Trends Analysis

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

          1. 5.1.3.1.1 Production Analysis

          2. 5.1.3.1.2 Consumption Analysis and Market Value

          3. 5.1.3.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.1.5 Price Trends Analysis

        2. 5.1.3.2 India

          1. 5.1.3.2.1 Production Analysis

          2. 5.1.3.2.2 Consumption Analysis and Market Value

          3. 5.1.3.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.2.5 Price Trends Analysis

        3. 5.1.3.3 Vietnam

          1. 5.1.3.3.1 Production Analysis

          2. 5.1.3.3.2 Consumption Analysis and Market Value

          3. 5.1.3.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.3.5 Price Trends Analysis

        4. 5.1.3.4 Indonesia

          1. 5.1.3.4.1 Production Analysis

          2. 5.1.3.4.2 Consumption Analysis and Market Value

          3. 5.1.3.4.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.4.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.4.5 Price Trends Analysis

        5. 5.1.3.5 Thailand

          1. 5.1.3.5.1 Production Analysis

          2. 5.1.3.5.2 Consumption Analysis and Market Value

          3. 5.1.3.5.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.5.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.5.5 Price Trends Analysis

      4. 5.1.4 South America

        1. 5.1.4.1 Ecuador

          1. 5.1.4.1.1 Production Analysis

          2. 5.1.4.1.2 Consumption Analysis and Market Value

          3. 5.1.4.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.4.1.5 Price Trends Analysis

        2. 5.1.4.2 Brazil

          1. 5.1.4.2.1 Production Analysis

          2. 5.1.4.2.2 Consumption Analysis and Market Value

          3. 5.1.4.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.4.2.5 Price Trends Analysis

      5. 5.1.5 Africa

        1. 5.1.5.1 South Africa Shrimp Market Size (2019-2024)

          1. 5.1.5.1.1 Production Analysis

          2. 5.1.5.1.2 Consumption Analysis and Market Value

          3. 5.1.5.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.5.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.5.1.5 Price Trends Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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