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Global Shrimp Market: By Type: Wild Shrimp, Farmed Shrimp; By Species: Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii; By Shrimp Size; By Category; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Shrimp Market Outlook
The global shrimp market reached a volume of 8.12 million tons in 2020. The industry is likely to grow at a CAGR of 4.5% during 2023-2028 to attain a volume of 10.7 million tons by 2026, driven by the rising demand.
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The Asia Pacific to Lead the Global Market for Shrimp
The Asia Pacific has been leading the shrimp market for a significant period of time. In China, shrimp production usually begins at the end of calendar year. During this era, farmers make simple repairs to culture ponds by removing accumulated sediment, taking advantage of the sun, and cold in winter to scrub the pond completely which increases the shrimp population within the pond. Adoption of Pacific white shrimp because the prominent species by India’s growing aquaculture industry, especially within the contract farming sector, is one among the most factors, which helps India to expand more into the United States shrimp market. Other major regions include Indonesia, Vietnam, Thailand, and Ecuador, among others. On the opposite hand, the main shrimp consuming regions are the United States, China, Europe, Japan, among others.
Shrimp: Industry Definition and Segments
Shrimp is an invertebrate marine animal, belonging to the foremost important class of crustaceans called Malacostraca. Its structure is identified by a laterally compressed and enlarged body with lengthy legs and antennae. Widely available in freshwater lakes and streams, and deep and shallow waters, it is considered to be one of the foremost commonly consumed seafood species across the planet.
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Based on type, the market has been classified into:
- Wild Shrimp
- Farmed Shrimp
Based on the species, the market has been divided into:
- Penaeus Vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
On the basis of the shrimp size, the market has been segregated into:
- Size 41-50
- Size 51-60
- Size 31-40
- Size >70
- Size 61-70
- Size 26-30
- Size 21-25
- Size <21
Based on category, the market has been divided into:
- Peeled
- Shell-on
- Cooked
- Breaded
- Others
The market has been classified based on the distribution channel into:
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online
- Others
Production by region is divided into China, India, Indonesia, Vietnam, and Ecuador, among others. Consumption by region is divided into China, United States, Europe, and Japan, among others.
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Increased Popularity of Frozen Shrimp Products to Boost the Global Market for Shrimp
The global market is primarily driven by the enormous popularity of frozen shrimp products among end users. This is often supported by the inflating income levels of the masses, the shifting lifestyle patterns, and significant improvements within the online and offline organized retail platforms. Apart from these, processed and frozen shrimp products are seldom characterized by affordable prices, easy availability, lower cooking time and elongated shelf-life. These factors have led them to realize widespread prominence across the world and are increasingly preferred by working professionals with busy schedules and hectic lifestyles. The demand for shrimp is increasing among end users and buyers because it is rich in nutritional value and low-fat protein. It contains zero carbs and is extremely low in calories. These factors make consumers incorporate shrimp in their food diet. Thus, there was an increase in shrimp production to cater to the increased demand which led to a growth in production thus raising the demand.
Shrimp is also rich in various minerals and vitamins, like iron, calcium, sodium, phosphorus, zinc, magnesium, potassium, iodine, niacin, riboflavin, thiamine, vitamin A, vitamin E, vitamin B6, and vitamin B12. All these various minerals, vitamins, and nutrients together make shrimp healthy food. Shrimp helps in preventing many health issues. It helps in preventing hair loss, maintaining healthy bones, improving memory performance, reducing menstrual cramps, eliminating bad cholesterol, and reducing the danger of occurrence of lung and prostatic adenocarcinoma. Such multiple factors are driving the worldwide shrimp industry within the forecasted period.
Key Industry Players in the Global Shrimp Market
The report gives a detailed analysis of the following key players in the global shrimp market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Mazzetta Company, LLC
- Apex Frozen Foods Ltd.
- Seaprimexco Vietnam
- Liveris Afentoulis & Co.
- Grand Ocean Seafoods Co., Ltd
- Charoen Pokphand Foods PCL
- Grupo Iberica Congelados, S.A
- Ocean More Foods Co., limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Species, Shrimp Size, Category, Distribution Channel, Production by Region, Consumption by Region |
| Breakup by Type | Wild Shrimp, Farmed Shrimp |
| Breakup by Species | Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, Others |
| Breakup by Shrimp Size | Size 41-50, Size 51-60, Size 31-40, Size >70, Size 61-70, Size 26-30, Size 21-25, Size <21 |
| Breakup by Category | Peeled, Shell-on, Cooked, Breaded, Others |
| Breakup by Distribution Channel | Hypermarkets and Supermarkets, Convenience Stores, Hotels and Restaurants, Online, Others |
| Breakup by Production Region | China, India, Indonesia, Vietnam, Ecuador, Others |
| Breakup by Consumption Region | China, United States, Europe, Japan, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Mazzetta Company, LLC, Apex Frozen Foods Ltd., Seaprimexco Vietnam, Liveris Afentoulis & Co., Grand Ocean Seafoods Co., Ltd, Charoen Pokphand Foods PCL, Grupo Iberica Congelados, S.A, Ocean More Foods Co., limited, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Shrimp Market Analysis
8.1 Key Industry Highlights
8.2 Global Shrimp Historical Market (2018-2022)
8.3 Global Shrimp Market Forecast (2023-2028)
8.4 Global Shrimp Market by Type
8.4.1 Wild Shrimp
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Farmed Shrimp
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Shrimp Market by Species
8.5.1 Penaeus Vannamei
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Penaeus Monodon
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Macrobrachium Rosenbergii
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Shrimp Market by Shrimp Size
8.6.1 Size 41-50
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Size 51-60
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Size 31-40
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Size >70
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Size 61-70
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Size 26-30
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Size 21-25
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2018-2022)
8.6.7.3 Forecast Trend (2023-2028)
8.6.8 Size <21
8.6.8.1 Market Share
8.6.8.2 Historical Trend (2018-2022)
8.6.8.3 Forecast Trend (2023-2028)
8.7 Global Shrimp Market by Category
8.7.1 Peeled
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Shell-on
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Cooked
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Breaded
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Others
8.8 Global Shrimp Market by Distribution Channel
8.8.1 Hypermarkets and Supermarkets
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Convenience Stores
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Hotels and Restaurants
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Online
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Others
8.9 Global Shrimp Production by Region
8.9.1 China
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 India
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Indonesia
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Vietnam
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Ecuador
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
8.9.6 Others
8.10 Global Shrimp Consumption by Region
8.10.1 China
8.10.1.1 Market Share
8.10.1.2 Historical Trend (2018-2022)
8.10.1.3 Forecast Trend (2023-2028)
8.10.2 United States
8.10.2.1 Market Share
8.10.2.2 Historical Trend (2018-2022)
8.10.2.3 Forecast Trend (2023-2028)
8.10.3 Europe
8.10.3.1 Market Share
8.10.3.2 Historical Trend (2018-2022)
8.10.3.3 Forecast Trend (2023-2028)
8.10.4 Japan
8.10.4.1 Market Share
8.10.4.2 Historical Trend (2018-2022)
8.10.4.3 Forecast Trend (2023-2028)
8.10.5 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyers Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Trade Data Analysis
11.1 Major Importing Countries
11.1.1 By Volume
11.1.2 By Value
11.2 Major Exporting Countries
11.2.1 By Volume
11.2.2 By Value
12 Price Analysis
13 Shrimp Processing
13.1 Product Overview
13.2 Detailed Process Flow
13.3 Various Types of Unit Operations Involved
13.4 Mass Balance and Raw Material Requirements
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Mazzetta Company, LLC
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Apex Frozen Foods Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Seaprimexco Vietnam
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Liveris Afentoulis & Co.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Grand Ocean Seafoods Co., Ltd
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Charoen Pokphand Foods PCL
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Grupo Ibérica Congelados, S.A
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Ocean More Foods Co., Limited
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Shrimp Market: Key Industry Highlights, 2018 and 2028
2. Global Shrimp Historical Market: Breakup by Shrimp Type (Million Tons), 2018-2022
3. Global Shrimp Market Forecast: Breakup by Shrimp Type (Million Tons), 2023-2028
4. Global Shrimp Historical Market: Breakup by Species (Million Tons), 2018-2022
5. Global Shrimp Market Forecast: Breakup by Species (Million Tons), 2023-2028
6. Global Shrimp Historical Market: Breakup by Shrimp Size (Million Tons), 2018-2022
7. Global Shrimp Market Forecast: Breakup by Shrimp Size (Million Tons), 2023-2028
8. Global Shrimp Historical Market: Breakup by Category (Million Tons), 2018-2022
9. Global Shrimp Market Forecast: Breakup by Category (Million Tons), 2023-2028
10. Global Shrimp Historical Market: Breakup by Distribution Channel Category (Million Tons), 2018-2022
11. Global Shrimp Market Forecast: Breakup by Distribution Channel (Million Tons), 2023-2028
12. Global Shrimp Historical Production: Breakup by Region (Million Tons), 2018-2022
13. Global Shrimp Production Forecast: Breakup by Region (Million Tons), 2023-2028
14. Global Shrimp Historical Consumption: Breakup by Region (Million Tons), 2018-2022
15. Global Shrimp Consumption Forecast: Breakup by Region (Million Tons), 2023-2028
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Shrimp Historical Price Trends and Forecast 2018-2028
21. Global Shrimp Market Structure
Key Questions Answered in the Report
The global shrimp market reached a volume of 8.12 million tons in 2020.
The market is projected to grow at a CAGR of 4.5% between 2021 and 2026.
The market is estimated to reach a volume of 10.7 million tons by 2026.
The major drivers of the industry include rising population, rising standard of living of individuals, growing disposable incomes, demand for frozen shrimp products, and various health benefits from shrimp.
Rising health consciousness of people industries are the key industry trends guiding the growth of the shrimp industry.
The major production regions can be divided into China, India, Indonesia, Vietnam, and Ecuador, among others. The major consumption regions are divided into China, United States, Europe, and Japan, among others.
Wild shrimp and farmed shrimp are the dominant types in the industry.
The major species in the market are Penaeus Vannamei, Penaeus Monodon, and Macrobrachium Rosenbergii, among others.
The major materials in the market are Size 41-50, Size 51-60, Size 31-40, Size >70, Size 61-70, Size 26-30, Size 21-25, Size <21, among others.
The major players in the industry are Mazzetta Company, LLC, Apex Frozen Foods Ltd., Seaprimexco Vietnam, Liveris Afentoulis & Co., Grand Ocean Seafoods Co., Ltd, Charoen Pokphand Foods PCL, Grupo Iberica Congelados, S.A, and Ocean More Foods Co., limited, among others.
Analyst Review
The global shrimp market reached a volume of 8.12 million tons in 2020, driven by the increasing demand for frozen shrimp across the globe. Aided by the rise in health consciousness among people regarding shrimp health benefits, the industry is likely to grow at a CAGR of 4.5% to attain a volume of 10.7 million tons by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of type, the market has been classified into wild shrimp and farmed shrimp. Based on the species, the market has been divided into Penaeus Vannamei, Penaeus Monodon, and Macrobrachium Rosenbergii, among others. On the basis of the shrimp size, the market has been segregated into size 41-50, size 51-60, size 31-40, size >70, size 61-70, size 26-30, size 21-25, and size <21. Based on category, the market has been divided into peeled, shell-on, cooked, breaded, among others. The market has been classified based on the distribution channel into hypermarkets and supermarkets, convenience stores, hotels, and restaurants, online, among others. Production by region is divided into China, India, Indonesia, Vietnam, and Ecuador, among others. Consumption by region is divided into China, United States, Europe, and Japan, among others. The key players in the above market include Mazzetta Company, LLC, Apex Frozen Foods Ltd., Seaprimexco Vietnam, Liveris Afentoulis & Co., Grand Ocean Seafoods Co., Ltd, Charoen Pokphand Foods PCL, Grupo Iberica Congelados, S.A, and Ocean More Foods Co., limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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