The latest report by IMARC Group, titled “Shrimp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global shrimp market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global shrimp market reached a value of US$ 62.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 84.2 Billion by 2027, exhibiting a CAGR of 4.8% during 2022-2027. Shrimp represents a small-sized marine crustacean belonging to the class Malacostraca. It is found in oceans, freshwater lakes, and streams, and is one of the most popular varieties of seafood consumed across countries. Shrimp is a rich source of proteins, vitamin D, selenium, antioxidants, omega-3 fatty acids, etc., and has low amounts of saturated fat. It aids in preventing hair loss, maintaining healthy bones, enhancing memory performance, minimizing menstrual cramps, eliminating bad cholesterol, etc. Shrimp also assist in reducing blood pressure, managing weight, and improving heart health.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Global Shrimp Market Trends:
The shifting preferences among consumers towards protein-rich diets are among the primary factors driving the shrimp market across the globe. Furthermore, the rising usage of processed and frozen shrimp items, owing to their affordable prices, easy availability, lower cooking time, extended shelf-life, etc., is also catalyzing the market growth. Besides this, the escalating demand for ready-to-cook and ready-to-eat product variants among working individuals, on account of their hectic work schedules and sedentary lifestyles, is acting as another significant growth-inducing factor. Moreover, the introduction of organic shrimp variants that are free from growth hormones and antibiotics is augmenting the global market. In addition to this, the launch of numerous favorable initiatives by various government bodies aimed at encouraging shrimp farming practices by providing monetary incentives and subsidies to farmers is anticipated to bolster the shrimp market over the forecasted period.
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Key Market Segmentation:
Breakup by Species:
- Penaeus vannamei
- Penaeus monodon
- Macrobrachium rosenbergii
- Others
Breakup by Shrimp Size:
- <21
- 21-25
- 26-30
- 31-40
- 41-50
- 51-60
- 61-70
- >70
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online Sales
- Others
Breakup by Region:
- China
- India
- Indonesia
- Vietnam
- Thailand
- Ecuador
- Others
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Competitive Landscape:
By IMARC group the report has also analyzed the competitive landscape of the market with some of the top shrimp companies being
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
List of Tables
Table 1: Global: Shrimp (Wild and Farmed) Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Shrimp (Farmed) Market: Key Industry Highlights, 2021 and 2027
Table 3: Global: Shrimp (Wild) Market: Key Industry Highlights, 2021 and 2027
Table 4: Global: Shrimp Feed Market: Key Manufacturers
Table 5: Global: Shrimp Feed Market: Competitive Structure
Table 6: Global: Shrimp Farming: Competitiveness Among the Major Markets
Table 7: Global: Shrimp Farming: Competitive Structure
Table 8: Global: Shrimp Processing: Competitiveness Among the Major Markets
Table 9: Global: Shrimp Processing Market: Competitive Structure
Table 10: Shrimp Processing: Value Added Products
Table 11: Global: Shrimp Exports Market: Competitiveness Among the Major Exporting Markets
Table 12: Global: Shrimp Market Forecast: Production Breakup by Region (in Million Tons), 2022 – 2027
Table 13: Global: Shrimp Market Forecast: Consumption Breakup by Region (in Million Tons), 2022 – 2027
Table 14: Global: Shrimp Market Forecast: Breakup by Species (in Million Tons), 2022 – 2027
Table 15: Global: Shrimp Market Forecast: Breakup by Shrimp Size (in Million Tons), 2022 – 2027
Table 16: Global: Shrimp Market Forecast: Breakup by Distribution Channel (in Million Tons), 2022 – 2027
Table 17: Global: Value Added Shrimp Market: Key Industry Highlights, 2021 and 2027
Table 18: Global: Shrimp Market: Competitive Structure
Table 19: Global: Shrimp Market: Key Players
Table 20: Shrimp Processing Plant: Raw Material Requirements (in Tons/Day)
Table 21: Shrimp Processing Plant: Costs Related to Land and Site Development (in US$)
Table 22: Shrimp Processing Plant: Costs Related to Civil Works (in US$)
Table 23: Shrimp Processing Plant: Costs Related to Machinery (in US$)
Table 24: Shrimp Processing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (in US$/Ton)
Table 25: Shrimp Processing Plant: Costs Related to Salaries and Wages in the First Year (in US$)
Table 26: Shrimp Processing Plant: Costs Related to Salaries and Wages in the Second Year (in US$)
Table 27: Shrimp Processing Plant: Costs Related to Salaries and Wages from Third Year Onwards (in US$)
Table 28: Shrimp Processing Plant: Costs Related to Other Capital Investments (in US$)
Table 29: Details of Financial Assistance Offered by Financial Institutions
Table 30: Shrimp Processing Plant: Capital Costs (in US$)
Table 31: Shrimp Processing Plant: Techno-Economic Parameters
Table 32: Shrimp Processing Plant: Taxation and Depreciation
Table 33: Shrimp Processing Plant: Income Projections (in US$)
Table 34: Shrimp Processing Plant: Expenditure Projections (in US$)
Table 35: Shrimp Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 36: Shrimp Processing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 37: Shrimp Processing Plant: Profit and Loss Account
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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