Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Shrimp Market by Type (Whiteleg Shrimp, Giant Tiger Prawn, Akiami Paste Shrimp, Other), By Application (Household, Restaurant & Hotel) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Shrimp Market by Type (Whiteleg Shrimp, Giant Tiger Prawn, Akiami Paste Shrimp, Other), By Application (Household, Restaurant & Hotel) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 153671 3300 Food & Beverages 377 241 Pages 5 (30)
                                          

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.


Global Shrimp Industry Outlook


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:

  1. Minh Phu Seafood Corp
  2. Thai Union
  3. Santa Priscila
  4. Expalsa
  5. Zhanjiang Guolian
  6. Pescanova
  7. Omarsa
  8. Songa
  9. Iberconsa
  10. Conarpesa
  11. Royal Greenland A/S
  12. ProExpo
  13. Quoc Viet
  14. Devi Fisheries
  15. The Liberty Group
  16. Nekkanti Sea Foods

Global Shrimp Market Overview


Highlights of The Shrimp Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Whiteleg Shrimp
    2. Giant Tiger Prawn
    3. Akiami Paste Shrimp
    4. Other
  1. By Application:

    1. Household
    2. Restaurant & Hotel
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Shrimp Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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