Market Overview:
The global shrimp market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for seafood, especially shrimp, across the globe. Shrimp is considered as a delicacy in many parts of the world and its popularity is increasing among consumers due to its taste and nutritional value. In addition, technological advancements in aquaculture are helping farmers produce more shrimps, which is further propelling the growth of this market. On the basis of type, whiteleg shrimp accounted for majority share of the global shrimp market in 2017 and it is expected to maintain its dominance during forecast period as well. This can be attributed to their high demand among consumers across different regions owing to their taste and texture. Giant tiger prawns are also gaining popularity among consumers due their large size and unique flavor profile when compared with other types of shrimps available in the market. On account of application, household segment dominated global shrimp market with highest share in 2017 followed by restaurant & hotel segment respectively .
Product Definition:
A shrimp is a small, crustacean marine animal that is related to the lobster and crab. They are typically eaten boiled, fried, or grilled.
Whiteleg Shrimp:
Whiteleg shrimp, also known as the sea-lobster is a crustacean found in the North Atlantic and North Pacific Oceans. It can grow to be up to 3 feet long and has a tail that is usually longer than its body. The tail of whiteleg shrimp is used for stabilizing it while it burrows into soft sediment or mud at the bottom of coastal waters.
Giant Tiger Prawn:
Giant Tiger Prawn (GTp) is a type of shrimp that attains sizes up to 20 cm in length and has a carapace or hard shell, which can be orange, red or yellow in color. GTps are found off the coast of India and China. They are also known as sea prawns/shrimps owing to their close resemblance with land-based prawns/shrimps apart from size.
Application Insights:
The restaurant and hotel application segment led the global market in 2017. This is attributed to rising product demand from countries, including China, Japan, Vietnam and India. In addition, increasing number of seafood restaurants across the globe is also expected to contribute positively to industry growth over the forecast period.
Household application was estimated as the second-largest segment in 2017 due largely to growing product adoption by this sector owing to its affordability coupled with nutritional benefits offered by it. Shrimp is a rich source of protein along with essential amino acids; thus it has been adopted widely by households across developing nations such as China and India for their daily meals.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing consumption of seafood in restaurants and households as well as increased demand for frozen shrimp products. The U.S., China, Thailand, Vietnam are some of the major producers and consumers of shrimps globally; hence these countries hold a significant share in terms of production and export-oriented trade respectively across the globe.
Asia Pacific is anticipated to be one of the fastest growing regional markets from 2018 to 2030 owing to rising disposable income levels among people along with increasing awareness regarding health benefits associated with seafood products especially whiteleg shrimp which provides essential nutrients such as vitamin A, DHA & EPA (Eicosapentaenoic Acid).
Growth Factors:
- Increasing demand from Asia for high-quality shrimp
- Rising disposable income in developing countries
- Proliferation of supermarkets and modern retail formats
- Shift in consumer preference towards frozen shrimp products
- Technological advancements in the aquaculture sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Shrimp Market Research Report
By Type
Whiteleg Shrimp, Giant Tiger Prawn, Akiami Paste Shrimp, Other
By Application
Household, Restaurant & Hotel
By Companies
Minh Phu Seafood Corp, Thai Union, Santa Priscila, Expalsa, Zhanjiang Guolian, Pescanova, Omarsa, Songa, Iberconsa, Conarpesa, Royal Greenland A/S, ProExpo, Quoc Viet, Devi Fisheries, The Liberty Group, Nekkanti Sea Foods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Shrimp Market Report Segments:
The global Shrimp market is segmented on the basis of:
Types
Whiteleg Shrimp, Giant Tiger Prawn, Akiami Paste Shrimp, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Restaurant & Hotel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Minh Phu Seafood Corp
- Thai Union
- Santa Priscila
- Expalsa
- Zhanjiang Guolian
- Pescanova
- Omarsa
- Songa
- Iberconsa
- Conarpesa
- Royal Greenland A/S
- ProExpo
- Quoc Viet
- Devi Fisheries
- The Liberty Group
- Nekkanti Sea Foods
Highlights of The Shrimp Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Whiteleg Shrimp
- Giant Tiger Prawn
- Akiami Paste Shrimp
- Other
- By Application:
- Household
- Restaurant & Hotel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shrimp Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shrimp are a type of crustacean that is typically found in fresh water. They can be cooked in many ways, including boiling, steaming, or frying.
Some of the key players operating in the shrimp market are Minh Phu Seafood Corp, Thai Union, Santa Priscila, Expalsa, Zhanjiang Guolian, Pescanova, Omarsa, Songa, Iberconsa, Conarpesa, Royal Greenland A/S, ProExpo, Quoc Viet, Devi Fisheries, The Liberty Group, Nekkanti Sea Foods.
The shrimp market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shrimp Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Shrimp Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shrimp Market - Supply Chain
4.5. Global Shrimp Market Forecast
4.5.1. Shrimp Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shrimp Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shrimp Market Absolute $ Opportunity
5. Global Shrimp Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Shrimp Market Size and Volume Forecast by Type
5.3.1. Whiteleg Shrimp
5.3.2. Giant Tiger Prawn
5.3.3. Akiami Paste Shrimp
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shrimp Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Shrimp Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Restaurant & Hotel
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shrimp Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Shrimp Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Shrimp Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Shrimp Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Shrimp Demand Share Forecast, 2019-2026
9. North America Shrimp Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Shrimp Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Shrimp Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Restaurant & Hotel
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shrimp Market Size and Volume Forecast by Type
9.7.1. Whiteleg Shrimp
9.7.2. Giant Tiger Prawn
9.7.3. Akiami Paste Shrimp
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Shrimp Demand Share Forecast, 2019-2026
10. Latin America Shrimp Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Shrimp Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Shrimp Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Restaurant & Hotel
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shrimp Market Size and Volume Forecast by Type
10.7.1. Whiteleg Shrimp
10.7.2. Giant Tiger Prawn
10.7.3. Akiami Paste Shrimp
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Shrimp Demand Share Forecast, 2019-2026
11. Europe Shrimp Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Shrimp Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Shrimp Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Restaurant & Hotel
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shrimp Market Size and Volume Forecast by Type
11.7.1. Whiteleg Shrimp
11.7.2. Giant Tiger Prawn
11.7.3. Akiami Paste Shrimp
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.1.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Shrimp Demand Share, 2019-2026
12. Asia Pacific Shrimp Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Shrimp Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Shrimp Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Restaurant & Hotel
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shrimp Market Size and Volume Forecast by Type
12.7.1. Whiteleg Shrimp
12.7.2. Giant Tiger Prawn
12.7.3. Akiami Paste Shrimp
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Shrimp Demand Share, 2019-2026
13. Middle East & Africa Shrimp Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Shrimp Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Shrimp Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Restaurant & Hotel
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shrimp Market Size and Volume Forecast by Type
13.7.1. Whiteleg Shrimp
13.7.2. Giant Tiger Prawn
13.7.3. Akiami Paste Shrimp
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Shrimp Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shrimp Market: Market Share Analysis
14.2. Shrimp Distributors and Customers
14.3. Shrimp Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Minh Phu Seafood Corp
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Thai Union
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Santa Priscila
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Expalsa
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zhanjiang Guolian
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pescanova
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Omarsa
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Songa
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Iberconsa
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Conarpesa
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Royal Greenland A/S
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ProExpo
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Quoc Viet
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Devi Fisheries
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. The Liberty Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Nekkanti Sea Foods
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook