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United States Shrimp Market: By Environment: Farming, Processing; By Species; By Product Category; By Distribution Channel; By Production and Imports; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Trade Data Analysis; Competitive Landscape; Industry Events and Developments

United States Shrimp Market Outlook

The United States shrimp market size attained a volume of more than 750 kilo tons in the year 2020. The market is further expected to grow at a CAGR of 2.5% between 2021 and 2026 to attain a volume of almost 869.8 kilo tons by 2026.

 

United States Shrimp Market

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The United States is the second-largest consumer of shrimps after China. In the country, shrimps are among the most consumed seafood holding about 25%-30% of the entire seafood market in the country. In the United States, the majority of the shrimp is imported from South Asian and Latin American countries.

A majority of the United States population prefers various types of meat on a daily basis. However, in recent decades, the per capita consumption of meat has dropped on account of changing food preferences of the consumers and growing health consciousness among them. This has resulted in the increasing popularity of seafood products like shrimp in the country. Shrimps are now being included in numerous recipes such as shrimp cocktails, seafood gumbo, noodle soups, and dumplings.

 

Properties and Applications

Shrimp is a small free-swimming crustacean with an elongated body, which is normally marine and is frequently of commercial importance as food.

 

United States Shrimp Market By Species

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The industry is bifurcated on the basis of the environment into:

  • Farming
  • Processing

Out of these, the farming variants dominate the overall market, accounting for the largest share, on account of escalating shrimp imports from Asian countries such as Thailand, China, India, and Indonesia.

Based on species, the market is segmented into:

  • Penaeus Vannamei
  • Penaeus Monodon
  • Macrobrachium Rosenbergii
  • Others

Amongst these, Penaeus Vannamei exhibits the most popular species of the product in the country.

On the basis of product categories, the industry is categorised into:

  • Peeled
  • Shell-on
  • Cooked
  • Breaded
  • Others

The peeled variety currently accounts for the majority of the market share.

On the basis of the distribution channel, the idnustry is divided into:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Hotels and Restaurants
  • Online Stores
  • Others

Currently, hotels and restaurants represent the largest distribution channels of the product as they offer several shrimp-based dishes.

Based on production and imports, the industry is divided into:

  • Domestic Production
  • Imports

At present, imports represent the leading market share owing to the rising demand for the product in the United States.

 

United States Shrimp Market By Region

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Market Analysis 

The United States shrimp market is driven by the several health benefits offered by the product upon consumption, such as prevention of brain cell damage, prevention of numerous chronic health diseases, and an increase in the good HDL cholesterol levels in the human body. In addition to this, the United States is also observing an increase in the demand for convenient and value-added products, like cooked shrimp, tempura shrimp, breaded shrimp, and shrimp paste, which require minimal cooking, further aiding the market growth. These are further being incorporated in meals by health-conscious consumers, as they are low in calories and carbohydrates.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the United States shrimp market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Aqua Star
  • Harbor Seafood
  • Eastern Fish Company
  • Mazzetta Company, LLC
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Environment, Species, Product Category, Distribution Channel, Production and Imports
Breakup by Environment Farming, Processing
Breakup by Species Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, Others
Breakup by Product Category Peeled, Shell-on, Cooked, Breaded, Others
Breakup by Distribution Channel Hypermarkets and Supermarkets, Convenience Stores, Hotels and Restaurants, Online Stores, Others
Breakup by Production and Imports Domestic Production, Imports
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Aqua Star, Harbor Seafood, Eastern Fish Company, Mazzetta Company, LLC, 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.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    United States
7    Industry Opportunities and Challenges
8    Global Shrimp Market Overview

    8.1    Key Industry Highlights
    8.2    Global Shrimp Historical Market (2016-2020) 
    8.3    Global Shrimp Market Forecast (2021-2026)
    8.4    Global Shrimp Market by Environment
    8.5    Global Shrimp Market by Region
9    Global Farmed Shrimp Market Overview
    9.1    Global Farmed Shrimp Market by Species
    9.2    Global Farmed Shrimp Market by Shrimp Size
    9.3    Global Farmed Shrimp Market by Region
10    United States Shrimp Market Analysis
    10.1    Key Industry Highlights
    10.2    United States Shrimp Historical Market (2016-2020) 
    10.3    United States Shrimp Market Forecast (2021-2026)
    10.4    United States Shrimp Market by Environment
        10.4.1    Farming
            10.4.1.1    Market Share
            10.4.1.2    Historical Trend (2016-2020)
            10.4.1.3    Forecast Trend (2021-2026)
        10.4.2    Processing
            10.4.2.1    Market Share
            10.4.2.2    Historical Trend (2016-2020)
            10.4.2.3    Forecast Trend (2021-2026)
    10.5    United States Shrimp Market by Species
        10.5.1    Penaeus Vannamei
            10.5.1.1    Market Share
            10.5.1.2    Historical Trend (2016-2020)
            10.5.1.3    Forecast Trend (2021-2026)
        10.5.2    Penaeus Monodon
            10.5.2.1    Market Share
            10.5.2.2    Historical Trend (2016-2020)
            10.5.2.3    Forecast Trend (2021-2026)
        10.5.3    Macrobrachium Rosenbergii
            10.5.3.1    Market Share
            10.5.3.2    Historical Trend (2016-2020)
            10.5.3.3    Forecast Trend (2021-2026)
        10.5.4    Others
    10.6    United States Shrimp Market by Product Category
        10.6.1    Peeled
            10.6.1.1    Market Share
            10.6.1.2    Historical Trend (2016-2020)
            10.6.1.3    Forecast Trend (2021-2026)
        10.6.2    Shell-on
            10.6.2.1    Market Share
            10.6.2.2    Historical Trend (2016-2020)
            10.6.2.3    Forecast Trend (2021-2026)
        10.6.3    Cooked
            10.6.3.1    Market Share
            10.6.3.2    Historical Trend (2016-2020)
            10.6.3.3    Forecast Trend (2021-2026)
        10.6.4    Breaded
            10.6.4.1    Market Share
            10.6.4.2    Historical Trend (2016-2020)
            10.6.4.3    Forecast Trend (2021-2026)
        10.6.5    Others
    10.7    United States Shrimp Market by Distribution Channel
        10.7.1    Hypermarkets and Supermarkets
            10.7.1.1    Market Share
            10.7.1.2    Historical Trend (2016-2020)
            10.7.1.3    Forecast Trend (2021-2026)
        10.7.2    Convenience Stores
            10.7.2.1    Market Share
            10.7.2.2    Historical Trend (2016-2020)
            10.7.2.3    Forecast Trend (2021-2026)
        10.7.3    Hotels and Restaurants
            10.7.3.1    Market Share
            10.7.3.2    Historical Trend (2016-2020)
            10.7.3.3    Forecast Trend (2021-2026)
        10.7.4    Online Stores
            10.7.4.1    Market Share
            10.7.4.2    Historical Trend (2016-2020)
            10.7.4.3    Forecast Trend (2021-2026)
        10.7.5    Others
    10.8    United States Shrimp Market by Production and Imports
        10.8.1    Domestic Production
            10.8.1.1    Market Share
            10.8.1.2    Historical Trend (2016-2020)
            10.8.1.3    Forecast Trend (2021-2026)
        10.8.2    Imports
            10.8.2.1    Market Share
            10.8.2.2    Historical Trend (2016-2020)
            10.8.2.3    Forecast Trend (2021-2026)
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Trade Data Analysis

    13.1    Major Importing Countries
        13.1.1    By Volume
        13.1.2    By Value
    13.2    Major Exporting Countries
        13.2.1    By Volume
        13.2.2    By Value
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players’ Market Share
    14.3    Company Profiles
        14.3.1    Aqua Star
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Financial Summary
            14.3.1.5    Certifications
        14.3.2    Harbor Seafood
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Financial Summary
            14.3.2.5    Certifications
        14.3.3    Eastern Fish Company
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Financial Summary
            14.3.3.5    Certifications
        14.3.4    Mazzetta Company, LLC
            14.3.4.1    Company Overview
            14.3.4.2    Product Portfolio
            14.3.4.3    Demographic Reach and Achievements
            14.3.4.4    Financial Summary
            14.3.4.5    Certifications
        14.3.5    Others
15    Industry Events and Developments

 

List of Figures and Tables

1.    Global Shrimp Market: Key Industry Highlights, 2016 and 2026
2.    Global Shrimp Historical Market: Breakup by Species (Kilo Tons), 2016-2020
3.    Global Shrimp Market Forecast: Breakup by Species (Kilo Tons), 2021-2026
4.    Global Shrimp Historical Market: Breakup by Environment (Kilo Tons), 2016-2020
5.    Global Shrimp Market Forecast: Breakup by Environment (Kilo Tons), 2021-2026
6.    Global Shrimp Historical Market: Breakup by Region (Kilo Tons), 2016-2020
7.    Global Shrimp Market Forecast: Breakup by Region (Kilo Tons), 2021-2026
8.    Global Farmed Shrimp Market: Key Industry Highlights, 2016 and 2026
9.    Global Farmed Shrimp Historical Market: Breakup by Species (Kilo Tons), 2016-2020
10.    Global Farmed Shrimp Market Forecast: Breakup by Species (Kilo Tons), 2021-2026
11.    Global Farmed Shrimp Historical Market: Breakup by Shrimp Size (Kilo Tons), 2016-2020
12.    Global Farmed Shrimp Market Forecast: Breakup by Shrimp Size (Kilo Tons), 2021-2026
13.    Global Farmed Shrimp Historical Market: Breakup by Region (Kilo Tons), 2016-2020
14.    Global Farmed Shrimp Market Forecast: Breakup by Region (Kilo Tons), 2021-2026
15.    United States Shrimp Market: Key Industry Highlights, 2016 and 2026
16.    United States Shrimp Historical Market: Breakup by Environment (Kilo Tons), 2016-2020
17.    United States Shrimp Market Forecast: Breakup by Environment (Kilo Tons), 2021-2026
18.    United States Shrimp Historical Market: Breakup by Species (Kilo Tons), 2016-2020
19.    United States Shrimp Market Forecast: Breakup by Species (Kilo Tons), 2021-2026
20.    United States Shrimp Historical Market: Breakup by Product Category (Kilo Tons), 2016-2020
21.    United States Shrimp Market Forecast: Breakup by Product Category (Kilo Tons), 2021-2026
22.    United States Shrimp Historical Market: Breakup by Distribution Channel (Kilo Tons), 2016-2020
23.    United States Shrimp Market Forecast: Breakup by Distribution Channel (Kilo Tons), 2021-2026
24.    United States Shrimp Historical Market: Breakup by Production and Imports (Kilo Tons), 2016-2020
25.    United States Shrimp Market Forecast: Breakup by Production and Imports (Kilo Tons), 2021-2026
26.    United States Shrimp Market Structure

Key Questions Answered in the Report

In 2020, the United States shrimp market attained a volume of more than 750 kilo tons. 

The market is projected to grow at a CAGR of 2.5% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach a volume of almost 869.8 kilo tons by 2026. 

The major drivers of the industry, such as the several health benefits offered by the product and increasing demand for convenient and value-added shrimp products, are expected to aid the market growth.

The key market trend guiding the growth of the shrimp market includes the rising health-consciousness among consumers.

Farming shrimp dominate the overall market based on the environment, accounting for the largest market share.

Penaeus vannamei is the most popular shrimp species in the country.

Peeled shrimp is the leading product category in the industry.

Hotels and restaurants represent the largest distribution channels in the shrimp industry.

Imports are the leading segment in the production and imports category.

The major players in the industry are Aqua Star, Harbor Seafood, Eastern Fish Company, and Mazzetta Company, LLC, among others.

Analyst Review

The United States shrimp market attained a volume of nearly 750 kilo tons in 2020 driven by the increasing demand for convenient and value-added shrimp products. Aided by the rising health-consciousness, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 2.5%. The shrimp market is projected to reach a volume of almost 869.8 kilo tons by 2026.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its environment, the shrimp industry has farming shrimp as the leading segment. On the basis of species, Penaeus vannamei accounts for the largest share in the industry. On the basis of product category, peeled shrimp is the dominant category in the industry. On the basis of distribution channels, the hotels and restaurants exhibit the largest market share. On the basis of production and imports, imports dominate the market. The key players in the above market include Aqua Star, Harbor Seafood, Eastern Fish Company, Mazzetta Company, LLC, and 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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