Global Shrimp Market Overview

Global Shrimp Market Size Was Valued at USD 35.74 Billion in 2021, and is Projected to Reach USD 61.25 Billion by 2028, Growing at A CAGR of 8 % From 2022 to 2028.

Shrimp, commonly known as Caridea and Dendrobranchiata, are decapod crustaceans that have elongated bodies and move by swimming. Caridea, smaller species within each group or only marine species might be used as more specific criteria. In a broader sense, shrimp and prawn are both stalk-eyed swimming crustaceans with long, narrow muscular tails (abdomens), long whiskers (antennae), and slender legs. Shrimps play a crucial role in the marine food web. Larger shrimp species are being sought by commercial fisheries for human consumption. Some shrimp species are farmed in aquaculture in tropical climates. They eat a vast variety of plant and animal species, making them omnivores. They are natural prey for a variety of predators due to their small size and abundance. The shrimp industry is propelled by a variety of causes, including increased demand due to the expanding number of health advantages provided by shrimps, greater adoption of new environmentally friendly production techniques, contract farming, and government regulations. India's extensive coastline, which stretches over 8,000 kilometers across the Southern, Eastern, and Western hemispheres, contributes to the country's position as a prominent player in the worldwide aquaculture industry (fish, shrimp, and related segment). After China, India is the world's second-biggest producer of aquaculture (mostly shrimp production) and the world's largest exporter of shrimp.

Shrimp Market

Market Dynamics And Factors For Shrimp Market

Drivers:

Shrimp Products Are High In Demand

Shrimp goods are in high demand since they are high in nutrients and protein. The shrimp market is expanding globally due to rising demand for frozen meat, rapid urbanization, and the expansion of cold storage facilities. Shrimp has become more popular among consumers as a consequence of its nutritional benefits, such as its ability to aid in the recovery of lethal diseases like cancer and the restoration of skin cells. This has resulted in increased demand for shrimp in the global market. In developing countries, the government-aided farmers by providing funding and providing tax breaks. Shrimp demand has increased in the Asia Pacific region due to increasing retail outlets and rising frozen food consumption. Sustainable aquaculture farming has a favorable impact on the shrimp market all around the world. Shrimp come in a broad variety of species, but white shrimp, tiger shrimps, gulf shrimps, blue shrimps, and royal red shrimps are among the most well-known and often consumed.

Requirements For Pharmaceutical Industry

The use of chemicals derived from seafood has expanded in the pharmaceutical business as cardiovascular diseases are on the rise as a result of a sedentary lifestyle. Shrimps are thought to be beneficial in maintaining lipid profiles, which aid in the fight against cholesterol and promote good heart health. As a result, the pharmaceutical sector is introducing omega supplements derived from shrimp to assist consumers in meeting their fatty acid requirements. To gain consumer trust, the pharmaceutical business ensures that information about usage, adverse effects, and the recommended dosage is adequately disclosed on labels.

Restraints:

The Market's Growth Is Stifled By A Trade War Between Developed Economies

Following their transformation into financial superpowers, major countries including China, the United States, and Russia have been engaged in a trade war for the past few years. The Chinese government placed retaliatory tariffs on US goods worth USD 110 billion in expected yearly imports in 2019, with tariff rates ranging from 10% to 25%. Although it impacted a wide range of products, it had a direct impact on U.S. seafood. On October 11, 2019, the US government announced a phase one trade agreement with China, which went into effect on February 15, although the seafood industry was left out of the agreement. Such trade battles restrict the import and export of seafood, particularly shrimp, which is one of the world's most popular seafood. As a result, trade wars between industrialized countries may stifle market expansion.

Opportunities:

New Shrimp Market Participants Have Opportunities

Shrimp demand in the global market has increased as consumer desire for an animal-based protein that is low in fat but high in calories has increased. China and Southeast Asia are the worldwide shrimp market leaders in the Asia Pacific area. Due to the expanding health-conscious population in North America, Europe, followed by North America, has a considerable value share in the global market.

Segmentation Analysis of Shrimp Market

By Species, farmed shrimp account for 55% of total shrimp production worldwide. Thailand, Indonesia, India, Vietnam, Brazil, Ecuador, and Bangladesh have the most shrimp aquaculture, which has brought in major cash for these developing countries. Shrimp farming has increased the availability of shrimp to a hungry, shrimp-crazed public in the United States, Europe, Japan, and other parts of the world. Aside from that, rising consumer awareness of shrimp's numerous health benefits in the management of digestive illnesses, weight loss, and cholesterol management will drive demand in the category. It includes antioxidants called flavonoids and polyphenols, which relax blood vessels and reduce inflammation in the body. Purchases will continue to be driven by public awareness of the health benefits of farmed white leg shrimp.

By Application, during the projection period, the application in the food industry is estimated to account for the majority of market sales. Restaurants have a unique opportunity to attract clients because shrimp are extensively consumed in a variety of cuisines. Shrimps are also being prepared at home now that they are available in frozen, conveniently accessible packaging, increasing in the food category. Shrimps have proven to be incredibly beneficial in the medical field, and as a result, many people are reaping and properly utilizing shrimp's medicinal benefits.

By Distribution Channel, as shrimp are a perishable food item, they must reach consumers as soon as feasible. Online retail and modern trade are increasing at an alarming rate among various sales distribution platforms. Online shopping is popular, especially during the current flu pandemic, when remaining indoors is advised. As a result, many individuals all around the world have begun to purchase online for not just commodities but also groceries. As a result, orders are delivered to customers promptly, making it a broadly accessible sales distribution channel. Modern commerce is also gaining traction since consumers can compare pricing, discounts, and even the ingredients utilized across a wider range of companies.

Regional Analysis of Shrimp Market

The Asia Pacific is set to dominate the shrimp market during the forecast period.  Shrimp has become a very big business and the global market is one of the most competitive in the world. It is characterized by regional companies in the Asia Pacific region, targeting consumers who seek healthy, high-quality seafood products, and multinational companies who operate internationally. North America and Western Europe are key target markets for multinational players, who capitalize on a growing per capita consumption of shrimp in these two regions. Sales of tiger shrimp, in particular, are expected to rise, driven by a high preference for glaze and sweet taste by Western consumers, as per the research study. Furthermore, according to Asia Fisheries Science reports, In Vietnam, shrimp production is the main source of income for rural areas. Most shrimp farming areas are located in Vietnam's Mekong Delta (VMD), accounting for 70 % of the total area of the country. Vietnamese shrimp production is export-oriented, accounting for 70–80 % of total production. Vietnamese shrimp products are exported to over 90 countries. Accordingly, about 47 % of shrimp products are exported to the USA, Europe, and Japan. The living standards in these countries are high, and traceability and food safety requirements are stringent.

North America is expected to grow with a steady growth rate majorly due to the rising demand for brown shrimps and big-sized decapod crustaceans in this region. The increasing popularity of brown type and other types of new decapod crustaceans in the region has increased the demand for importing various regional shrimps. The increasing popularity of seafood as the added protein source and the adoption of a flexitarian lifestyle has increased the demand for decapod crustaceans' products. Ongoing developments and technological advancements in the cultivation and harvesting of decapod crustaceans are expected to drive the growth of the market in the region.

Europe is expected to grow with a slower growth compared to North America. The presence of other sea species restricts the growth of the market for shrimps, but still, the demand is forecasted to grow steadily. There is increasing demand for other competitive seafood such as tuna, cod, salmon, and Alaska Pollock in the European market for a long time. Hence, the consumption of decapod crustaceans is experiencing slow and steady growth. The demand for high-quality white decapod crustaceans in the regions creates an opportunity for various decapod crustaceans' suppliers hailing from the developing countries of APAC. The increasing consumer shift towards brown decapod crustaceans’ aids in the consumption of decapod crustaceans in these regions.

COVID-19 Impact Analysis on Shrimp Market

The COVID-19 pandemic has wreaked havoc on a variety of industries around the world. Various public health guidelines were implemented in various nations throughout the world to limit the number of cases and decrease the spread of the coronavirus. Declaring national emergencies, enforcing stay-at-home orders, closing non-essential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders, are all COVID-19 protocols. India, the world's biggest shrimp exporter, had a tough year in 2020, with the COVID-19 pandemic significantly affecting production and export performance. Production in India's shrimp-farming states of Odisha, West Bengal, Andhra Pradesh, and Gujarat all declined in 2020, according to data from the Society of Aquaculture Professionals (SAP). In addition, India's shrimp exports fell 14% year on year to 575,000 MT in 2020, with the United States, China, and the European Union remains the country's main customers. Its raw peeled product sales fell 12% to 21,200 MT last year, despite an increase in cooked and other value-added product exports to the United States. Governments are tightening protocols in response to the rising vaccination rate to help the sluggish economy. The shrimp sector, like other industries, has seen a dip in growth, but it is projected to rebound when government restrictions are eased around the world.

Players Covered in Shrimp Market are

  • Charoen Pokphand Food PCL
  • The Clover Leaf Seafoods Family
  • Nippon Suisan Kaisha Ltd.
  • Marine Harvest ASA
  • Gulf Shrimp Company
  • Thai Union Frozen Products PLC
  • Baton Rouge Shrimp Company Inc.
  • Pescanova S.A
  • Galveston Shrimp Company
  • Labrador Fishermen's Union Shrim
  • Omarsa S.A
  • MSeafood Corp
  • Ristic GmbH
  • Vinnbio India Pvt. Ltd
  • Seajoy Group
  • Dom International Limited
  • Carribbean Shrimp Company Limited
  • Artisanfish LLC
  • Ananda Group
  • Orchid Marine and other major players.

Key Industry Developments In Shrimp Market

In March 2021, New Wave Foods® has negotiated a strategic distribution arrangement with North American restaurants and catering providers to formally debut its New Wave ShrimpTM. New Wave Foods is expediting its go-to-market efforts by offering foodservice organizations rapid and convenient access to their plant-based shrimp through a non-exclusive deal with Dot Foods, North America's leading foodservice industry redistributor.

In March 2020, Klaas Puul, a European shrimp processor, was bought by Sykes Seafood, a Liverpool-based seafood provider. The merging of these two seafood enterprises is planned to provide clients with a wide selection of frozen items for retail and food service. Klaas Puul, based in the Netherlands, Germany, Belgium, Denmark, and Morocco, is one of the largest European processors.

Global Shrimp Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data :

2016 to 2020

Market Size in 2021:

USD 35.74 Bn.

Forecast Period 2022-28 CAGR:

8 %

Market Size in 2028:

USD 61.25 Bn.

Segments Covered:

By Species

  • Gulf Shrimps
  • Farmed White leg Shrimps
  • Banded Coral Shrimps
  • Royal Red Shrimp

By Form

  • Canned
  • Breaded
  • Peeled
  • Cooked & Peeled

By Distribution Channel

  • Online
  • Offline

By Application

  • Food
  • Pharmaceutical
  • Cosmetics

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Shrimp Products Are High In Demand
  • Requirements For Pharmaceutical Industry

Key Market Restraints:

  • The Market's Growth Is Stifled By A Trade War Between Developed Economies

Key Opportunities:

  • New Shrimp Market Participants Have Opportunities

Companies Covered in the report:

  • Charoen Pokphand Food PCL, The Clover Leaf Seafoods Family, Nippon Suisan Kaisha, Ltd., Marine Harvest ASA, Gulf Shrimp Company and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Shrimp
 3.2 By Form
 3.3 By Distribution Channel
 3.4 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Shrimp Market by Shrimp
 4.1 Shrimp Market Overview Snapshot and Growth Engine
 4.2 Shrimp Market Overview
 4.3 Gulf Shrimps
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Gulf Shrimps: Grographic Segmentation
 4.4 Farmed White leg Shrimps
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Farmed White leg Shrimps: Grographic Segmentation
 4.5 Banded Coral Shrimps
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Banded Coral Shrimps: Grographic Segmentation
 4.6 Royal Red Shrimp
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size (2016-2028F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Royal Red Shrimp: Grographic Segmentation

Chapter 5: Shrimp Market by Form
 5.1 Shrimp Market Overview Snapshot and Growth Engine
 5.2 Shrimp Market Overview
 5.3 Canned
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Canned: Grographic Segmentation
 5.4 Breaded
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Breaded: Grographic Segmentation
 5.5 Peeled
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Peeled: Grographic Segmentation
 5.6 Cooked & Peeled
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Cooked & Peeled: Grographic Segmentation

Chapter 6: Shrimp Market by Distribution Channel
 6.1 Shrimp Market Overview Snapshot and Growth Engine
 6.2 Shrimp Market Overview
 6.3 Direct
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Direct: Grographic Segmentation
 6.4 Indirect
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Indirect: Grographic Segmentation

Chapter 7: Shrimp Market by Application
 7.1 Shrimp Market Overview Snapshot and Growth Engine
 7.2 Shrimp Market Overview
 7.3 Food
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Food: Grographic Segmentation
 7.4 Pharmaceutical
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Pharmaceutical: Grographic Segmentation
 7.5 Cosmetics
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Cosmetics: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Shrimp Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Shrimp Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Shrimp Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 CHAROEN POKPHAND FOOD PCL
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 THE CLOVER LEAF SEAFOODS FAMILY
 8.4 NIPPON SUISAN KAISHA LTD.
 8.5 MARINE HARVEST ASA
 8.6 GULF SHRIMP COMPANY
 8.7 THAI UNION FROZEN PRODUCTS PLC
 8.8 BATON ROUGE SHRIMP COMPANY INC.
 8.9 PESCANOVA S.A
 8.10 GALVESTON SHRIMP COMPANY
 8.11 LABRADOR FISHERMEN'S UNION SHRIMP COMPANY LTD.
 8.12 OMARSA S.A
 8.13 MSEAFOOD CORP
 8.14 RISTIC GMBH
 8.15 VINNBIO INDIA PVT. LTD
 8.16 SEAJOY GROUP
 8.17 DOM INTERNATIONAL LIMITED
 8.18 CARRIBBEAN SHRIMP COMPANY LIMITED
 8.19 ARTISANFISH LLC
 8.20 ANANDA GROUP
 8.21 ORCHID MARINE

Chapter 9: Global Shrimp Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Shrimp
  9.2.1 Gulf Shrimps
  9.2.2 Farmed White leg Shrimps
  9.2.3 Banded Coral Shrimps
  9.2.4 Royal Red Shrimp
 9.3 Historic and Forecasted Market Size By Form
  9.3.1 Canned
  9.3.2 Breaded
  9.3.3 Peeled
  9.3.4 Cooked & Peeled
 9.4 Historic and Forecasted Market Size By Distribution Channel
  9.4.1 Direct
  9.4.2 Indirect
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Food
  9.5.2 Pharmaceutical
  9.5.3 Cosmetics

Chapter 10: North America Shrimp Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Shrimp
  10.4.1 Gulf Shrimps
  10.4.2 Farmed White leg Shrimps
  10.4.3 Banded Coral Shrimps
  10.4.4 Royal Red Shrimp
 10.5 Historic and Forecasted Market Size By Form
  10.5.1 Canned
  10.5.2 Breaded
  10.5.3 Peeled
  10.5.4 Cooked & Peeled
 10.6 Historic and Forecasted Market Size By Distribution Channel
  10.6.1 Direct
  10.6.2 Indirect
 10.7 Historic and Forecasted Market Size By Application
  10.7.1 Food
  10.7.2 Pharmaceutical
  10.7.3 Cosmetics
 10.8 Historic and Forecast Market Size by Country
  10.8.1 U.S.
  10.8.2 Canada
  10.8.3 Mexico

Chapter 11: Europe Shrimp Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Shrimp
  11.4.1 Gulf Shrimps
  11.4.2 Farmed White leg Shrimps
  11.4.3 Banded Coral Shrimps
  11.4.4 Royal Red Shrimp
 11.5 Historic and Forecasted Market Size By Form
  11.5.1 Canned
  11.5.2 Breaded
  11.5.3 Peeled
  11.5.4 Cooked & Peeled
 11.6 Historic and Forecasted Market Size By Distribution Channel
  11.6.1 Direct
  11.6.2 Indirect
 11.7 Historic and Forecasted Market Size By Application
  11.7.1 Food
  11.7.2 Pharmaceutical
  11.7.3 Cosmetics
 11.8 Historic and Forecast Market Size by Country
  11.8.1 Germany
  11.8.2 U.K.
  11.8.3 France
  11.8.4 Italy
  11.8.5 Russia
  11.8.6 Spain

Chapter 12: Asia-Pacific Shrimp Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Shrimp
  12.4.1 Gulf Shrimps
  12.4.2 Farmed White leg Shrimps
  12.4.3 Banded Coral Shrimps
  12.4.4 Royal Red Shrimp
 12.5 Historic and Forecasted Market Size By Form
  12.5.1 Canned
  12.5.2 Breaded
  12.5.3 Peeled
  12.5.4 Cooked & Peeled
 12.6 Historic and Forecasted Market Size By Distribution Channel
  12.6.1 Direct
  12.6.2 Indirect
 12.7 Historic and Forecasted Market Size By Application
  12.7.1 Food
  12.7.2 Pharmaceutical
  12.7.3 Cosmetics
 12.8 Historic and Forecast Market Size by Country
  12.8.1 China
  12.8.2 India
  12.8.3 Japan
  12.8.4 Southeast Asia

Chapter 13: South America Shrimp Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Shrimp
  13.4.1 Gulf Shrimps
  13.4.2 Farmed White leg Shrimps
  13.4.3 Banded Coral Shrimps
  13.4.4 Royal Red Shrimp
 13.5 Historic and Forecasted Market Size By Form
  13.5.1 Canned
  13.5.2 Breaded
  13.5.3 Peeled
  13.5.4 Cooked & Peeled
 13.6 Historic and Forecasted Market Size By Distribution Channel
  13.6.1 Direct
  13.6.2 Indirect
 13.7 Historic and Forecasted Market Size By Application
  13.7.1 Food
  13.7.2 Pharmaceutical
  13.7.3 Cosmetics
 13.8 Historic and Forecast Market Size by Country
  13.8.1 Brazil
  13.8.2 Argentina

Chapter 14: Middle East & Africa Shrimp Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Shrimp
  14.4.1 Gulf Shrimps
  14.4.2 Farmed White leg Shrimps
  14.4.3 Banded Coral Shrimps
  14.4.4 Royal Red Shrimp
 14.5 Historic and Forecasted Market Size By Form
  14.5.1 Canned
  14.5.2 Breaded
  14.5.3 Peeled
  14.5.4 Cooked & Peeled
 14.6 Historic and Forecasted Market Size By Distribution Channel
  14.6.1 Direct
  14.6.2 Indirect
 14.7 Historic and Forecasted Market Size By Application
  14.7.1 Food
  14.7.2 Pharmaceutical
  14.7.3 Cosmetics
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Saudi Arabia
  14.8.2 South Africa

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Shrimp Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data :

2016 to 2020

Market Size in 2021:

USD 35.74 Bn.

Forecast Period 2022-28 CAGR:

8 %

Market Size in 2028:

USD 61.25 Bn.

Segments Covered:

By Species

  • Gulf Shrimps
  • Farmed White leg Shrimps
  • Banded Coral Shrimps
  • Royal Red Shrimp

By Form

  • Canned
  • Breaded
  • Peeled
  • Cooked & Peeled

By Distribution Channel

  • Online
  • Offline

By Application

  • Food
  • Pharmaceutical
  • Cosmetics

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Shrimp Products Are High In Demand
  • Requirements For Pharmaceutical Industry

Key Market Restraints:

  • The Market's Growth Is Stifled By A Trade War Between Developed Economies

Key Opportunities:

  • New Shrimp Market Participants Have Opportunities

Companies Covered in the report:

  • Charoen Pokphand Food PCL, The Clover Leaf Seafoods Family, Nippon Suisan Kaisha, Ltd., Marine Harvest ASA, Gulf Shrimp Company and other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SHRIMP MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SHRIMP MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SHRIMP MARKET COMPETITIVE RIVALRY
TABLE 005. SHRIMP MARKET THREAT OF NEW ENTRANTS
TABLE 006. SHRIMP MARKET THREAT OF SUBSTITUTES
TABLE 007. SHRIMP MARKET BY SHRIMP
TABLE 008. GULF SHRIMPS MARKET OVERVIEW (2016-2028)
TABLE 009. FARMED WHITE LEG SHRIMPS MARKET OVERVIEW (2016-2028)
TABLE 010. BANDED CORAL SHRIMPS MARKET OVERVIEW (2016-2028)
TABLE 011. ROYAL RED SHRIMP MARKET OVERVIEW (2016-2028)
TABLE 012. SHRIMP MARKET BY FORM
TABLE 013. CANNED MARKET OVERVIEW (2016-2028)
TABLE 014. BREADED MARKET OVERVIEW (2016-2028)
TABLE 015. PEELED MARKET OVERVIEW (2016-2028)
TABLE 016. COOKED & PEELED MARKET OVERVIEW (2016-2028)
TABLE 017. SHRIMP MARKET BY DISTRIBUTION CHANNEL
TABLE 018. DIRECT MARKET OVERVIEW (2016-2028)
TABLE 019. INDIRECT MARKET OVERVIEW (2016-2028)
TABLE 020. SHRIMP MARKET BY APPLICATION
TABLE 021. FOOD MARKET OVERVIEW (2016-2028)
TABLE 022. PHARMACEUTICAL MARKET OVERVIEW (2016-2028)
TABLE 023. COSMETICS MARKET OVERVIEW (2016-2028)
TABLE 024. NORTH AMERICA SHRIMP MARKET, BY SHRIMP (2016-2028)
TABLE 025. NORTH AMERICA SHRIMP MARKET, BY FORM (2016-2028)
TABLE 026. NORTH AMERICA SHRIMP MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 027. NORTH AMERICA SHRIMP MARKET, BY APPLICATION (2016-2028)
TABLE 028. N SHRIMP MARKET, BY COUNTRY (2016-2028)
TABLE 029. EUROPE SHRIMP MARKET, BY SHRIMP (2016-2028)
TABLE 030. EUROPE SHRIMP MARKET, BY FORM (2016-2028)
TABLE 031. EUROPE SHRIMP MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 032. EUROPE SHRIMP MARKET, BY APPLICATION (2016-2028)
TABLE 033. SHRIMP MARKET, BY COUNTRY (2016-2028)
TABLE 034. ASIA PACIFIC SHRIMP MARKET, BY SHRIMP (2016-2028)
TABLE 035. ASIA PACIFIC SHRIMP MARKET, BY FORM (2016-2028)
TABLE 036. ASIA PACIFIC SHRIMP MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 037. ASIA PACIFIC SHRIMP MARKET, BY APPLICATION (2016-2028)
TABLE 038. SHRIMP MARKET, BY COUNTRY (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA SHRIMP MARKET, BY SHRIMP (2016-2028)
TABLE 040. MIDDLE EAST & AFRICA SHRIMP MARKET, BY FORM (2016-2028)
TABLE 041. MIDDLE EAST & AFRICA SHRIMP MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 042. MIDDLE EAST & AFRICA SHRIMP MARKET, BY APPLICATION (2016-2028)
TABLE 043. SHRIMP MARKET, BY COUNTRY (2016-2028)
TABLE 044. SOUTH AMERICA SHRIMP MARKET, BY SHRIMP (2016-2028)
TABLE 045. SOUTH AMERICA SHRIMP MARKET, BY FORM (2016-2028)
TABLE 046. SOUTH AMERICA SHRIMP MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 047. SOUTH AMERICA SHRIMP MARKET, BY APPLICATION (2016-2028)
TABLE 048. SHRIMP MARKET, BY COUNTRY (2016-2028)
TABLE 049. CHAROEN POKPHAND FOOD PCL: SNAPSHOT
TABLE 050. CHAROEN POKPHAND FOOD PCL: BUSINESS PERFORMANCE
TABLE 051. CHAROEN POKPHAND FOOD PCL: PRODUCT PORTFOLIO
TABLE 052. CHAROEN POKPHAND FOOD PCL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. THE CLOVER LEAF SEAFOODS FAMILY: SNAPSHOT
TABLE 053. THE CLOVER LEAF SEAFOODS FAMILY: BUSINESS PERFORMANCE
TABLE 054. THE CLOVER LEAF SEAFOODS FAMILY: PRODUCT PORTFOLIO
TABLE 055. THE CLOVER LEAF SEAFOODS FAMILY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. NIPPON SUISAN KAISHA LTD.: SNAPSHOT
TABLE 056. NIPPON SUISAN KAISHA LTD.: BUSINESS PERFORMANCE
TABLE 057. NIPPON SUISAN KAISHA LTD.: PRODUCT PORTFOLIO
TABLE 058. NIPPON SUISAN KAISHA LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. MARINE HARVEST ASA: SNAPSHOT
TABLE 059. MARINE HARVEST ASA: BUSINESS PERFORMANCE
TABLE 060. MARINE HARVEST ASA: PRODUCT PORTFOLIO
TABLE 061. MARINE HARVEST ASA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. GULF SHRIMP COMPANY: SNAPSHOT
TABLE 062. GULF SHRIMP COMPANY: BUSINESS PERFORMANCE
TABLE 063. GULF SHRIMP COMPANY: PRODUCT PORTFOLIO
TABLE 064. GULF SHRIMP COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. THAI UNION FROZEN PRODUCTS PLC: SNAPSHOT
TABLE 065. THAI UNION FROZEN PRODUCTS PLC: BUSINESS PERFORMANCE
TABLE 066. THAI UNION FROZEN PRODUCTS PLC: PRODUCT PORTFOLIO
TABLE 067. THAI UNION FROZEN PRODUCTS PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. BATON ROUGE SHRIMP COMPANY INC.: SNAPSHOT
TABLE 068. BATON ROUGE SHRIMP COMPANY INC.: BUSINESS PERFORMANCE
TABLE 069. BATON ROUGE SHRIMP COMPANY INC.: PRODUCT PORTFOLIO
TABLE 070. BATON ROUGE SHRIMP COMPANY INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. PESCANOVA S.A: SNAPSHOT
TABLE 071. PESCANOVA S.A: BUSINESS PERFORMANCE
TABLE 072. PESCANOVA S.A: PRODUCT PORTFOLIO
TABLE 073. PESCANOVA S.A: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. GALVESTON SHRIMP COMPANY: SNAPSHOT
TABLE 074. GALVESTON SHRIMP COMPANY: BUSINESS PERFORMANCE
TABLE 075. GALVESTON SHRIMP COMPANY: PRODUCT PORTFOLIO
TABLE 076. GALVESTON SHRIMP COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. LABRADOR FISHERMEN'S UNION SHRIMP COMPANY LTD.: SNAPSHOT
TABLE 077. LABRADOR FISHERMEN'S UNION SHRIMP COMPANY LTD.: BUSINESS PERFORMANCE
TABLE 078. LABRADOR FISHERMEN'S UNION SHRIMP COMPANY LTD.: PRODUCT PORTFOLIO
TABLE 079. LABRADOR FISHERMEN'S UNION SHRIMP COMPANY LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. OMARSA S.A: SNAPSHOT
TABLE 080. OMARSA S.A: BUSINESS PERFORMANCE
TABLE 081. OMARSA S.A: PRODUCT PORTFOLIO
TABLE 082. OMARSA S.A: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. MSEAFOOD CORP: SNAPSHOT
TABLE 083. MSEAFOOD CORP: BUSINESS PERFORMANCE
TABLE 084. MSEAFOOD CORP: PRODUCT PORTFOLIO
TABLE 085. MSEAFOOD CORP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. RISTIC GMBH: SNAPSHOT
TABLE 086. RISTIC GMBH: BUSINESS PERFORMANCE
TABLE 087. RISTIC GMBH: PRODUCT PORTFOLIO
TABLE 088. RISTIC GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. VINNBIO INDIA PVT. LTD: SNAPSHOT
TABLE 089. VINNBIO INDIA PVT. LTD: BUSINESS PERFORMANCE
TABLE 090. VINNBIO INDIA PVT. LTD: PRODUCT PORTFOLIO
TABLE 091. VINNBIO INDIA PVT. LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. SEAJOY GROUP: SNAPSHOT
TABLE 092. SEAJOY GROUP: BUSINESS PERFORMANCE
TABLE 093. SEAJOY GROUP: PRODUCT PORTFOLIO
TABLE 094. SEAJOY GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. DOM INTERNATIONAL LIMITED: SNAPSHOT
TABLE 095. DOM INTERNATIONAL LIMITED: BUSINESS PERFORMANCE
TABLE 096. DOM INTERNATIONAL LIMITED: PRODUCT PORTFOLIO
TABLE 097. DOM INTERNATIONAL LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 097. CARRIBBEAN SHRIMP COMPANY LIMITED: SNAPSHOT
TABLE 098. CARRIBBEAN SHRIMP COMPANY LIMITED: BUSINESS PERFORMANCE
TABLE 099. CARRIBBEAN SHRIMP COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 100. CARRIBBEAN SHRIMP COMPANY LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. ARTISANFISH LLC: SNAPSHOT
TABLE 101. ARTISANFISH LLC: BUSINESS PERFORMANCE
TABLE 102. ARTISANFISH LLC: PRODUCT PORTFOLIO
TABLE 103. ARTISANFISH LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103. ANANDA GROUP: SNAPSHOT
TABLE 104. ANANDA GROUP: BUSINESS PERFORMANCE
TABLE 105. ANANDA GROUP: PRODUCT PORTFOLIO
TABLE 106. ANANDA GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 106. ORCHID MARINE: SNAPSHOT
TABLE 107. ORCHID MARINE: BUSINESS PERFORMANCE
TABLE 108. ORCHID MARINE: PRODUCT PORTFOLIO
TABLE 109. ORCHID MARINE: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SHRIMP MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SHRIMP MARKET OVERVIEW BY SHRIMP
FIGURE 012. GULF SHRIMPS MARKET OVERVIEW (2016-2028)
FIGURE 013. FARMED WHITE LEG SHRIMPS MARKET OVERVIEW (2016-2028)
FIGURE 014. BANDED CORAL SHRIMPS MARKET OVERVIEW (2016-2028)
FIGURE 015. ROYAL RED SHRIMP MARKET OVERVIEW (2016-2028)
FIGURE 016. SHRIMP MARKET OVERVIEW BY FORM
FIGURE 017. CANNED MARKET OVERVIEW (2016-2028)
FIGURE 018. BREADED MARKET OVERVIEW (2016-2028)
FIGURE 019. PEELED MARKET OVERVIEW (2016-2028)
FIGURE 020. COOKED & PEELED MARKET OVERVIEW (2016-2028)
FIGURE 021. SHRIMP MARKET OVERVIEW BY DISTRIBUTION CHANNEL
FIGURE 022. DIRECT MARKET OVERVIEW (2016-2028)
FIGURE 023. INDIRECT MARKET OVERVIEW (2016-2028)
FIGURE 024. SHRIMP MARKET OVERVIEW BY APPLICATION
FIGURE 025. FOOD MARKET OVERVIEW (2016-2028)
FIGURE 026. PHARMACEUTICAL MARKET OVERVIEW (2016-2028)
FIGURE 027. COSMETICS MARKET OVERVIEW (2016-2028)
FIGURE 028. NORTH AMERICA SHRIMP MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. EUROPE SHRIMP MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. ASIA PACIFIC SHRIMP MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. MIDDLE EAST & AFRICA SHRIMP MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. SOUTH AMERICA SHRIMP MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be forecast period in the Shrimp Market research report?

The forecast period in the Shrimp Market research report is 2022-2028.

Who are the key players in Shrimp market?

Charoen Pokphand Food PCL, The Clover Leaf Seafoods Family, Nippon Suisan Kaisha, Ltd., Marine Harvest ASA, Gulf Shrimp Company and other major players.

What are the segments of Shrimp market?

The Shrimp market is segmented into Species, Form, Distribution Channel, Application, Region. Shrimp Market is segmented By Species (Gulf Shrimps, Farmed White leg Shrimps, Banded Coral Shrimps, Royal Red Shrimp), Form (Canned, Breaded, Cooked, Peeled), Distribution Channel (Online, offline), Application (Food, Pharmaceutical, Cosmetics), By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).

What is the Shrimp market?

Shrimp, commonly known as Caridea and Dendrobranchiata, are decapod crustaceans that have elongated bodies and move by swimming. Caridea, smaller species within each group or only marine species might be used as more specific criteria. In a broader sense, shrimp and prawn are both stalk-eyed swimming crustaceans with long, narrow muscular tails (abdomens), long whiskers (antennae), and slender legs.

How big is the Shrimp market?

Global Shrimp Market Size Was Valued at USD 35.74 Billion in 2021, and is Projected to Reach USD 61.25 Billion by 2028, Growing at A CAGR of 8 % From 2022 to 2028.