Shrimps Market: Revenue, Growth, Developments, Size, Share and Forecast 2030

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 explores the dynamic competitive landscape, providing vital insights into market share data and detailed profiles of leading global companies. By thoroughly examining the Shrimps Market, the study uncovers the primary factors contributing to regional variations in the industry's growth.

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Shrimps Market Scope:

After the market valuation phase, extensive primary research was conducted to collect, analyze, and verify essential data. This process included assessing market size, forecasting future trends, identifying key factors, and ensuring data accuracy through triangulation. Using both top-down and bottom-up approaches, as well as additional verification methods, we thoroughly examined the market segments and sub-segments. All gathered data underwent rigorous qualitative and quantitative analysis, ensuring the report offers comprehensive insights.

Shrimps Market Regional Insights

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

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 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, shifting dietary preferences, and increasing awareness of seafood's health benefits. The market is bolstered by advancements in aquaculture technology, which enhance production efficiency and sustainability. Asia Pacific leads in both consumption and production, with significant contributions from countries like China, India, and Ecuador. Despite challenges like environmental concerns and disease outbreaks, the market benefits from strong international trade, changing consumer trends, and expanding global demand for sustainably sourced shrimp products.

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