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The global demand for shrimp has witnessed fluctuating trends during the past five years. The global shrimp production declined in 2012, primarily in the markets of China, Thailand, Vietnam and Mexico. This was due to the prevalence of EMS disease (Early Mortality Syndrome) that originated in China. Nevertheless, the market witnessed a strong rebound in the year 2014, but a minor decline in 2015. According to a new report by Expert Market Research, the global shrimp market has reached a production volume of around 5.87 Million Tons in 2019 and is further expected to reach nearly 7.01 Million Tons by 2025. One of the major factors that has proved proactive in maintaining a stable market growth is consumers’ pursuit of a healthy lifestyle. Some of the other growth inducing factors include rapid urbanisation, improved cold storage facilities as well as its easy availability.
Key findings from the report:
Expert Market Research has analysed the global shrimp market according to species, shrimp size, country and top players:
Market breakup by Species
Market breakup by Shrimp Size
Market breakup by Country
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