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 report presents a comprehensive overview of the Shrimps Market, highlighting market shares, key drivers, restraints, and growth opportunities. It spans both international and domestic markets, offering valuable insights into the market landscape, trade dynamics, and critical areas of development.
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Shrimps Market Report Scope and Research Methodology
This report provides an in-depth analysis of the global Shrimps Market, examining both value and volume aspects with forecasts for the projected period. It includes regional and country-level analyses to identify recent and future growth trends, opportunities, and contributions to the market. Key metrics such as Compound Annual Growth Rate (CAGR), market size, value, volume, revenue, and sales are thoroughly detailed. Each industry segment is evaluated by growth rate and market share. Additionally, the report offers a comprehensive analysis of key market players by region, focusing on their revenue, financial status, and technological advancements, offering critical insights into the competitive landscape. A bottom-up approach is utilized to accurately estimate market size.
Shrimps Market Regional Insights
The Shrimps Market is divided into key regions—North America, Europe, Asia Pacific, the Middle East and Africa, and South America—providing a comprehensive perspective on its global reach and regional impact.
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 grow at an 8.2% CAGR, reaching USD 77.29 billion by 2030. This growth is driven by rising disposable incomes, increased health awareness, and advancements in aquaculture technologies, which together enhance production efficiency and meet the growing global demand. While the industry benefits from technological innovations and trade liberalization, it faces challenges such as environmental degradation, disease outbreaks, and social concerns. The shift towards sustainable aquaculture and the expanding consumer preference for high-quality, traceable shrimp products are expected to shape the market's future trajectory, positioning it for significant expansion amid evolving consumer and regulatory landscapes.
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