Reports
United States Shrimp Market Size, Price, Value, Trends: By Environment: Farming, Processing; By Species: Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, Others; By Product Category: Peeled, Shell-on, Cooked, Breaded, Others; By Distribution Channel; By Production and Imports; Competitive Landscape; 2024-2032
United States Shrimp Market Outlook
The United States shrimp market size attained a volume of more than 787.97 kilo tons in the year 2023. The market is further expected to grow at a CAGR of 2.5% between 2024 and 2032 to attain a volume of almost 904.38 Kilo tons by 2032.
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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.
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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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| 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- 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, 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. |
*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 United States
7 Opportunities and Challenges in the Market
8 Global Shrimp Market Overview
8.1 Key Industry Highlights
8.2 Global Shrimp Historical Market (2018-2023)
8.3 Global Shrimp Market Forecast (2024-2032)
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 (2018-2023)
10.3 United States Shrimp Market Forecast (2024-2032)
10.4 United States Shrimp Market by Environment
10.4.1 Farming
10.4.1.1 Market Share
10.4.1.2 Historical Trend (2018-2023)
10.4.1.3 Forecast Trend (2024-2032)
10.4.2 Processing
10.4.2.1 Market Share
10.4.2.2 Historical Trend (2018-2023)
10.4.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
10.5.1.3 Forecast Trend (2024-2032)
10.5.2 Penaeus Monodon
10.5.2.1 Market Share
10.5.2.2 Historical Trend (2018-2023)
10.5.2.3 Forecast Trend (2024-2032)
10.5.3 Macrobrachium Rosenbergii
10.5.3.1 Market Share
10.5.3.2 Historical Trend (2018-2023)
10.5.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
10.6.1.3 Forecast Trend (2024-2032)
10.6.2 Shell-on
10.6.2.1 Market Share
10.6.2.2 Historical Trend (2018-2023)
10.6.2.3 Forecast Trend (2024-2032)
10.6.3 Cooked
10.6.3.1 Market Share
10.6.3.2 Historical Trend (2018-2023)
10.6.3.3 Forecast Trend (2024-2032)
10.6.4 Breaded
10.6.4.1 Market Share
10.6.4.2 Historical Trend (2018-2023)
10.6.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
10.7.1.3 Forecast Trend (2024-2032)
10.7.2 Convenience Stores
10.7.2.1 Market Share
10.7.2.2 Historical Trend (2018-2023)
10.7.2.3 Forecast Trend (2024-2032)
10.7.3 Hotels and Restaurants
10.7.3.1 Market Share
10.7.3.2 Historical Trend (2018-2023)
10.7.3.3 Forecast Trend (2024-2032)
10.7.4 Online Stores
10.7.4.1 Market Share
10.7.4.2 Historical Trend (2018-2023)
10.7.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
10.8.1.3 Forecast Trend (2024-2032)
10.8.2 Imports
10.8.2.1 Market Share
10.8.2.2 Historical Trend (2018-2023)
10.8.2.3 Forecast Trend (2024-2032)
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 Key Indicators for Demand
11.4 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 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Shrimp Market: Key Industry Highlights, 2018 and 2032
2. Global Shrimp Historical Market: Breakup by Species (Kilo Tons), 2018-2023
3. Global Shrimp Market Forecast: Breakup by Species (Kilo Tons), 2024-2032
4. Global Shrimp Historical Market: Breakup by Environment (Kilo Tons), 2018-2023
5. Global Shrimp Market Forecast: Breakup by Environment (Kilo Tons), 2024-2032
6. Global Shrimp Historical Market: Breakup by Region (Kilo Tons), 2018-2023
7. Global Shrimp Market Forecast: Breakup by Region (Kilo Tons), 2024-2032
8. Global Farmed Shrimp Market: Key Industry Highlights, 2018 and 2032
9. Global Farmed Shrimp Historical Market: Breakup by Species (Kilo Tons), 2018-2023
10. Global Farmed Shrimp Market Forecast: Breakup by Species (Kilo Tons), 2024-2032
11. Global Farmed Shrimp Historical Market: Breakup by Shrimp Size (Kilo Tons), 2018-2023
12. Global Farmed Shrimp Market Forecast: Breakup by Shrimp Size (Kilo Tons), 2024-2032
13. Global Farmed Shrimp Historical Market: Breakup by Region (Kilo Tons), 2018-2023
14. Global Farmed Shrimp Market Forecast: Breakup by Region (Kilo Tons), 2024-2032
15. United States Shrimp Market: Key Industry Highlights, 2018 and 2032
16. United States Shrimp Historical Market: Breakup by Environment (Kilo Tons), 2018-2023
17. United States Shrimp Market Forecast: Breakup by Environment (Kilo Tons), 2024-2032
18. United States Shrimp Historical Market: Breakup by Species (Kilo Tons), 2018-2023
19. United States Shrimp Market Forecast: Breakup by Species (Kilo Tons), 2024-2032
20. United States Shrimp Historical Market: Breakup by Product Category (Kilo Tons), 2018-2023
21. United States Shrimp Market Forecast: Breakup by Product Category (Kilo Tons), 2024-2032
22. United States Shrimp Historical Market: Breakup by Distribution Channel (Kilo Tons), 2018-2023
23. United States Shrimp Market Forecast: Breakup by Distribution Channel (Kilo Tons), 2024-2032
24. United States Shrimp Historical Market: Breakup by Production and Imports (Kilo Tons), 2018-2023
25. United States Shrimp Market Forecast: Breakup by Production and Imports (Kilo Tons), 2024-2032
26. United States Shrimp Market Structure
Key Questions Answered in the Report
In 2023, the United States shrimp market attained a volume of more than 787.97 kilo tons.
The market is projected to grow at a CAGR of 2.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 904.38 Kilo tons by 2032.
The major drivers of the market are the various health benefits of shrimp, increasing demand for seafood, and improved supply chains for shrimp products.
The key trends guiding the growth of the shrimp market in the United States include the rising health-consciousness among consumers and increasing demand for ready-to-eat shrimps.
Farming and processing are the various environment of shrimp in the market.
Penaeus vannamei, penaeus monodon, and macrobrachium rosenbergii are the different shrimp species in the market.
Peeled, shell -on, cooked, and breaded, among others, are the leading product categories in the market.
Hotels and restaurants, hypermarkets and supermarkets, convenience stores, and online stores, among others, are the various distribution channels in the shrimp market in the United States.
The major players in the United States shrimp market 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 787.97 kilo tons in 2023 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 2024-2032, growing at a CAGR of 2.5%. The shrimp market is projected to reach a volume of almost 904.38 Kilo tons by 2032.
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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