Shrimps Market: Report Provide Recent Trends, Opportunity, Restraints and Forecast-2030

Written by saurabh » Updated on: October 05th, 2024

Projection of Revenue Growth:

The Shrimps Market was valued at USD 44.52 Bn. in 2023 and is expected to reach USD 77.29 Bn. by 2030, at a CAGR of 8.2% during the forecast period.

Shrimps Market Overview:

The comprehensive market analysis investigates the dynamic competitive landscape, offering crucial insights into market share data and detailed profiles of leading global companies. By extensively examining the Shrimps Market, the study reveals the key factors driving regional variations in the industry's growth.

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Shrimps Market Scope:

Following the market valuation phase, extensive primary research was carried out to gather, analyze, and verify essential data. This included evaluating market size, forecasting future trends, identifying key factors, and ensuring data accuracy through triangulation. Employing both top-down and bottom-up approaches, along with additional verification methods, we meticulously analyzed market segments and sub-segments. All collected data underwent rigorous qualitative and quantitative analysis, ensuring the report provides comprehensive insights.

Shrimps Market Regional Insights

The detailed regional analysis in Shrimps market research identifies key drivers and highlights regulatory changes shaping current and future market trends. By examining existing and emerging patterns, the research uncovers hidden market potential and identifies profitable opportunities to enhance market positioning. This evaluation, considering both present conditions and future developments, provides a solid foundation for understanding the dynamics across various geographic markets.

Shrimps Market Segmentation

By Product Type

Fresh Shrimp

Frozen Shrimp

Canned Shrimp

Breaded or Value-Added Shrimp Products

Dried or Dehydrated Shrimp

Cooked or Precooked Shrimp

By Species

Whiteleg Shrimp

Black Tiger Shrimp

Pacific White Shrimp

Northern Pink Shrimp

Brown Shrimp Rock Shrimp

By Application

Food

Pharmaceutical

Cosmetics

Industrial

Biotechnology

Other

By Distribution Channel

Retail Stores

Online Retail Platforms

Direct Sales

Shrimps Market Key Players

Asia-Pacific:

1. Thai Union Group (Thailand)

2. Charoen Pokphand Foods (Thailand)

3. Minh Phu Seafood Corporation (Vietnam)

4. Nissui Group (Japan)

5. Zhanjiang Guolian Aquatic Products (China)

6. Godrej Agrovet Limited (India)

7. Devi Seafoods (India)

North America:

8. Clearwater Seafoods (Canada)

9. High Liner Foods (Canada)

10. Red Chamber Group (Canada)

11. CenSea (United States)

12. American Seafoods (United States)

13. Pacific Seafood (United States)

14. SeaPak Shrimp & Seafood Co. (United States)

Europe:

15. Royal Greenland (Denmark)

16. Pescanova (Spain)

17. Lerøy Seafood Group (Norway)

South America:

18. Omarsa (Ecuador)

19. Songa (Ecuador)

20. Camanor Produtos Marinhos (Brazil)

21. Camanchaca (Chile)

22. Australis Seafoods (Chile)

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Conclusion:

The global Shrimps Market, valued at USD 44.52 billion in 2023, is projected to reach USD 77.29 billion by 2030, growing at a CAGR of 8.2%. This growth is driven by rising disposable incomes, changing dietary preferences, and increasing awareness of seafood's health benefits. The shift towards aquaculture, technological advancements in shrimp farming, and globalization are key factors contributing to market expansion. Despite challenges like environmental concerns, disease outbreaks, and regulatory compliance, the demand for farmed shrimp remains robust, supported by sustainable practices and innovations that enhance production efficiency and meet consumer preferences for health-conscious seafood options.

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