Global Shrimp Market Report By Species (L. Vannamei, Trachipenaeus Curvirostris, Pleoticus Muelleri, P. Monodon, Acetes Japonicus, Pandalus Borealis, P. Chinensis, Others), By Source (Wild, Aquaculture), By Form (Green/ Head-off, Green/ Head-on, Peeled, Cooked, Breaded, Others), By Distribution Channel (B2B, B2C) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Shrimp Market is presumed to reach the market size of nearly USD 109.31 Billion by 2032 from USD 71.68 Billion in 2023 with a CAGR of 4.8% under the study period 2024-2032. Regarding volume, the market was calculated XX Metric Tons in 2023 and forecast to touch XX Metric Tons by 2032 with a CAGR of XX% during 2024-2032.

Shrimp is one of the important types of seafood consumed across the globe. According to the National Center for Biotechnology Information, shrimp contains a high proportion of proteins and minerals and low fats. The consumption of this seafood type is considered healthy for the circulatory system as it improves the ratio of LDL to HDL cholesterol and lowers triglycerides. Also, it has high levels of omega -3s fatty acids and only a level of 0.001 parts per million levels of toxic mercury.

Market Dynamics

Global shrimp consumption is witnessing a positive growth on account of an increase in organized retail chains and an increase in disposable income in developing economies. Also, support programs initiated by the government for improving product quality and encouraging sustainable farming practices are expected to have a favorable impact on the growth of this market. However, regional beliefs and allergies are a few factors accessed to impede the growth of the shrimp market globally. On the other hand, this seafood type contains chemopreventive compounds that offer several health benefits. Owing to its antioxidant, anti-inflammatory, anti-mutagenic and anti-angiogenic properties, the product penetration is likely to witness exponential growth. However, seafood is suspected to be the origin of the ongoing COVID-19 pandemic is anticipated to cut-down the global demand for sea food at a gigantic pace.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Shrimp. The growth and trends of Shrimp industry provide a holistic approach to this study.

Market Segmentation

This section of the Shrimp market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Species

• L. Vannamei
• Trachipenaeus Curvirostris
• Pleoticus Muelleri
• P. Monodon
• Acetes Japonicus
• Pandalus Borealis
• P. Chinensis
• Others

By Source

• Wild
• Aquaculture

By Form

• Green/ Head-off
• Green/ Head-on
• Peeled
• Cooked
• Breaded
• Others

By Distribution Channel

• B2B
• B2C

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Shrimp market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Shrimp Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Shrimp market include Thai Union Group PCL, Clearwater Seafoods, Avanti Feeds Limited, High Liner Foods, Surapon Foods Public Company Limited, Mazzetta Company LLC, Aqua Star, Nordic Seafood A/S, The Waterbase Limited, Wild Ocean Direct. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.