Press Release
Press Release
In the United States, shrimp holds a significant share of the seafood market, accounting for approximately 25%-30% of total seafood consumption. In 2021, on average 5.9 pounds of shrimp were consumed in the country, marking a growth of 0.90 pounds from the previous year.
The majority of the shrimp consumed in the US is imported from South Asian and Latin American countries. The United States shrimp market is supported by health-conscious consumers. Shrimp's nutritional richness and widespread availability make it a crucial element in diverse cuisines and a highly traded seafood species. Shrimp is a staple ingredient in various dishes such as shrimp cocktails, seafood gumbo, noodle soups, and dumplings, reflecting its widespread integration into American cuisine.
In addition, the rise of aquaculture in the United States is having a positive effect on the shrimp market. Texas is the largest producer of farmed shrimp in the country, having produced approximately 3.2 million pounds in 2017. Alabama comes in second place, having produced 304,572 pounds in the same year.
Further, increasing focus on ready-to-cook and frozen products due to hectic lifestyles is aiding the market growth. Several companies are venturing into launching new products to support the growth of ready-to-eat shrimps. For instance, in August 2023, Prime Shrimp launched a new Orleans-style BBQ flavour frozen sauced shrimp. The company also added soy ginger flavour to the line of frozen sauced shrimp in February 2024.
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The major players in the United States shrimp market are Aqua Star, Harbor Seafood, Eastern Fish Company, and Mazzetta Company, LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Environment |
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Breakup by Species |
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Breakup by Product Category |
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Breakup by Distribution Channel |
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Breakup by Production and Imports |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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