PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1120948
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1120948
Global Shrimp Market, By Type, By Source, By Distribution Channel, End User, By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa ; Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Global Shrimp Market to Grow at a CAGR of 10.4% during 2022-2028
Global Shrimp Market is growing at a high rate because of the rising health awareness, urbanization, rising disposable incomes along with the expanding usage of shrimp in the Food and Beverage industry, pharmaceuticals, and cosmetics…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Shrimps Market was worth USD 30.64 billion in the year 2022. It is estimated to grow at a CAGR of 10.4%, earning revenue of around USD 74.28 billion by the end of 2028. The lucrative growth of the Global Shrimp Market is attributed to health awareness, the rising purchasing power of the consumers, expanding Food and Beverage industry, adoption of a variety of shrimp and convenience food products, rising environment-friendly production techniques, as well as increasing consumption of various frozen shrimp food products across the globe. Furthermore, Global Shrimp Market is one of the most emerging markets that grow continuously owing to the fast advantages and integration of new technologies like the Internet of Things (IoT), artificial intelligence (AI), cloud computing, and others. Moreover, some consumers are more concerned about the freshness of the product and they prefer fresh, natural, and nutritional seafood. However, shrimp contains high cholesterol, and some consumers fear eating high cholesterol food due to the belief that it increases cholesterol in the blood and promotes heart diseases which in turn declines the growth of the Global Shrimp Market. The demand for frozen Shrimp snacks and delicious Shrimp food dishes, and shrimp cocktails, in general, is gaining huge popularity among consumers across the globe. Shrimp frozen-ready meals have already made themselves a place in the market due to changing lifestyles of consumers. With increasing launches of different other shrimp ood products, the market is anticipated to proliferate during the forecast period (2023-2028) around the globe.
Based on Distribution Channel, the Global Shrimp Market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Restaurants, and Online. The Online segment dominates the market owing to the rising adoption of Frozen Shrimps products and Online Channels have the wide availability of different frozen shrimp products, also changing purchasing pattern of consumers, and discounted price grabs consumers' interest in buying through E-Commerce which in turn reinforces the growth of the Global Shrimps Market during the forecast period. Based on End-User, the Global Shrimp Market is segmented into Food and Beverage Industry, Pharmaceuticals, and Personal Care. The Food and Beverage Industry accounts to hold the largest share in the market owing to the wide usage of shrimp in various food dishes and beverages such as creamy garlic shrimp, shrimp stir-fry, shrimp appetizers, frozen shrimp, drunken shrimp cocktails, bloody mary shrimp, and other shrimp cocktails. All these popular shrimp dishes are widely adopted around the globe and available in many restaurants, hotels, and caterings that drive the growth of the Global Shrimp Market during the forecast period.
Geographically, the Global Shrimp Market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA). The Asia-Pacific (APAC) segment accounts to hold the largest share in the market owing to the largest adoption of shrimps in traditional cuisines in China, Japan, India, Australia, and Vietnam. Moreover, Asia-Pacific (APAC) is account for the largest producer of shrimp imported into North America and Europe. As a result, shrimp is a flourishing market in North America and Europe owing to the large import volumes of shrimp around the world.
The leading market players in the Global Shrimp Market are Aqua Star Corp. (US), Nordic Seafood A/S (Hirtshals, Denmark), Mazeetta Company LLC., Surapon Foods (Muang, Thailand), High Linear Foods Inc. (Lunenburg, Canada), Marine Harvest (Bergen, Norway), Clearwater Seafoods Inc. (Bedford, Canada), Wild Oceans Pvt Ltd., Avanti Feeds Ltd. (Hyderabad, India), The Waterbase Ltd., Thai Union Group (Bangkok, Thailand), and other prominent players. The Global Shrimp Market is highly fragmented with the presence of multinational Food and Beverages companies. These companies constantly launch a wide range of products with innovations to attract consumers and significantly invest in research and development activities to further innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics on the Global Shrimp Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Shrimp Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. Global Shrimp Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. GROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. Global Shrimp Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Pink
- 5.2.1.2. Brown
- 5.2.1.3. White
- 5.2.1.4. Others
- 5.2.2. By Distribution Channel
- 5.2.2.1. Supermarkets/Hypermarkets
- 5.2.2.2. Specialty Stores
- 5.2.2.3. Convenience Stores
- 5.2.2.4. Restaurants
- 5.2.2.5. Online Retail
- 5.2.3. By End-User
- 5.2.3.1. Supermarkets/Hypermarkets
- 5.2.3.2. Specialty Stores
- 5.2.3.3. Convenience Stores
- 5.2.3.4. Restaurants
- 5.2.3.5. Online Retail
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia-Pacific
- 5.2.4.4. Latin America
- 5.2.4.5. Middle-East and Africa
- 5.2.1. By Type
6. North America Shrimp Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Distribution Channel
- 6.2.3. By Region
- 6.2.3.1. United States
- 6.2.3.2. Canada
7. Europe Shrimp Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Distribution Channel
- 7.2.3. By End-User
- 7.2.4. By Region
- 7.2.4.1. Germany
- 7.2.4.2. United Kingdom
- 7.2.4.3. Italy
- 7.2.4.4. France
- 7.2.4.5. Spain
- 7.2.4.6. Rest of Europe
8. Asia Pacific Shrimp Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Distribution Channel
- 8.2.3. By End-User
- 8.2.4. By Region
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. South Korea
- 8.2.4.5. Rest of Asia Pacific
9. Latin America Shrimp Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Distribution Channel
- 9.2.3. By End-User
- 9.2.4. By Region
- 9.2.4.1. Brazil
- 9.2.4.2. Mexico
- 9.2.4.3. Rest of Latin America
10. Middle East & Africa Shrimp Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Distribution Channel
- 10.2.3. By End-User
- 10.2.4. By Region
- 10.2.4.1. Saudi Arabia
- 10.2.4.2. UAE
- 10.2.4.3. South Africa
- 10.2.4.4. Rest of the Middle East & Africa
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of COVID-19 on the Shrimp Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Aqua Star Corp. (US)
- 13.2. Nordic Seafood A/S (Hirtshals, Denmark)
- 13.3. Mazeetta Company LLC.
- 13.4. Surapon Foods (Muang, Thailand)
- 13.5. High Liner Foods Inc. (Lunenburg, Canada)
- 13.6. Marine Harvest (Bergen, Norway)
- 13.7. Clearwater Seafoods Inc. (Bedford, Canada)
- 13.8. Wild Oceans Pvt Ltd.,
- 13.9. Avanti Feeds Ltd. (Hyderabad, India)
- 13.10. The Waterbase Ltd.
- 13.11. Thai Union Group (Bangkok, Thailand)
- 13.12. Other prominent players.
14. Key Strategic Recommendations
List of Figures
Figure 1 Global Shrimp Market Segmentation
- Figure 2 Global Shrimp Market Value Chain Analysis
- Figure 3 Company Shrimp Share Analysis, 2022
- Figure 4 Global Shrimp Market Size, By Value (USD Billion), 2018-2028
- Figure 5 Global Shrimp Market Share, By Type, By Value, 2018-2028
- Figure 6 Global Shrimp Market Share, By Region, By Value, 2018-2028
- Figure 7 Global Shrimp Market Share, By Value, 2018-2028
- Figure 8 Global Shrimp Market Share, By Region, By Distribution Channel, 2018-2028
- Figure 9 North America Shrimp Market Size, By Value (USD Billion), 2018-2028
- Figure 10 North America Shrimp Market Share, By Type, By Region, 2018-2028
- Figure 11 North America Shrimp Market Share, By Distribution Channel, 2018-2028
- Figure 12 North America Shrimp Market Share, By Region, By Value, 2018-2028
- Figure 13 North America Shrimp Market Share, By Type, By Value, 2018-2028
- Figure 14 Europe Shrimp Size, By Value (USD Billion), 2018-2028
- Figure 15 Europe Shrimp Share, By Type, By Value, 2018-2028
- Figure 16 Europe Shrimp Market Share, By Value, 2018-2028
- Figure 17 Europe Shrimp Market Share, By Type, By Value, 2018-2028
- Figure 18 Europe Shrimp Market Share, By Country, By Value, 2018-2028
- Figure 19 The Asia-Pacific Shrimp Market Size, By Value (USD Billion), 2018-2028
- Figure 20 The Asia-Pacific Shrimp Market Share, By Product, By Value, 2018-2028
- Figure 21 The Asia-Pacific Shrimp Market Share, By Value, 2018-2028
- Figure 22 The Asia-Pacific Shrimp Market Share, By Distribution Channel, By Value, 2018-2028
- Figure 23 The Asia-Pacific Shrimp Market Share, By Country, By Value, 2018-2028
- Figure 24 Latin America Shrimp Market Size, By Value (USD Billion), 2018-2028
- Figure 25 Latin America Shrimp Market Share, By Product, By Value, 2018-2028
- Figure 26 Latin America Shrimp Market Share, By Value, 2018-2028
- Figure 27 Latin America Shrimp Market Share, By Type, By Value, 2018-2028
- Figure 28 Latin America Shrimp Market Share, By Country, By Value, 2018-2028
- Figure 29 The Middle East & Africa Shrimp Market Size, By Value (USD Billion), 2018-2028
- Figure 30 The Middle East & Africa Shrimp Market Share, By Type, By Value, 2018-2028
- Figure 31 The Middle East & Africa Shrimp Market Share, By Region, By Value, 2018-2028
- Figure 32 The Middle East & Africa Shrimp Market Share, By Region, By Value, 2018-2028
- Figure 33 The Middle East & Africa Shrimp Market Share, By Country, By Value, 2018-2028
List of Tables
- Table 1 Global Shrimp Market Size, By Type, By Value, 2018-2028
- Table 2 Global Shrimp Market Size, By Value, 2018-2028
- Table 3 Global Shrimp Market Size, By Country, By Region, 2018-2028
- Table 4 Global Shrimp Market Size, By Region, By Value, 2018-2028
- Table 5 North America Shrimp Market Size, By Type, By Value, 2018-2028
- Table 6 North America Shrimp Market Size, By Value, 2018-2028
- Table 7 North America Shrimp Market Size, By Distribution Channel, 2018-2028
- Table 8 North America Shrimp Market Size, By Country, By Value, 2018-2028
- Table 9 Europe Shrimp Market Size, By Product, By Value, 2018-2028
- Table 10 Europe Shrimp Market Size, By Region, By Value, 2018-2028
- Table 11 Europe Shrimp Market Size, By Value, 2018-2028
- Table 12 Europe Shrimp Market Size, By Country, By Value, 2018-2028
- Table 13 The Asia-Pacific Shrimp Market Size, By Value, 2018-2028
- Table 14 The Asia-Pacific Shrimp Market Size, By Type, 2018-2028
- Table 15 The Asia-Pacific Shrimp Market Size, By Distribution Channel, 2018-2028
- Table 16 The Asia-Pacific Shrimp Market Size, By Country, By Value, 2018-2028
- Table 17 Latin America Shrimp Market Size, By Type, By Value, 2018-2028
- Table 18 Latin America Shrimp Market Size, By Value, 2018-2028
- Table 19 Latin America Shrimp Market Size, By Type, By Value, 2018-2028
- Table 20 Latin America Shrimp Market Size, By Country, By Value, 2018-2028
- Table 21 The Middle East & Africa Shrimp Market Size, By Value, 2018-2028
- Table 22 The Middle East & Africa Shrimp Market Size, By Value, 2018-2028
- Table 23 The Middle East & Africa Shrimp Market Size, By Distribution Channel, 2018-2028
- Table 24 The Middle East & Africa Shrimp Market Size, By Country, By Value, 2018-2028
- Table 25 Aqua Star Corp. (US) Company Overview
- Table 26 Aqua Star Corp. (US) Financial Overview
- Table 27 Nordic Seafood A/S (Hirtshals, Denmark) Company Overview
- Table 28 Nordic Seafood A/S (Hirtshals, Denmark) Financial Overview
- Table 29 Mazeetta Company LLC. Company Overview
- Table 30 Mazeetta Company LLC. Financial Overview
- Table 31 Surapon Foods (Muang, Thailand) Company Overview
- Table 32 Surapon Foods (Muang, Thailand) Financial Overview
- Table 33 High Liner Foods Inc. (Lunenburg, Canada) Company Overview
- Table 34 High Liner Foods Inc. (Lunenburg, Canada) Financial Overview
- Table 35 Marine Harvest (Bergen, Norway) Company Overview
- Table 36 Marine Harvest (Bergen, Norway) Financial Overview
- Table 37 Clearwater Seafoods Inc. (Bedford, Canada) Company Overview
- Table 38 Clearwater Seafoods Inc. (Bedford, Canada) Financial Overview
- Table 39 Wild Oceans Pvt Ltd. Company Overview
- Table 40 Wild Oceans Pvt Ltd. Company Financial Overview
- Table 41 Avanti Feeds Ltd. (Hyderabad, India) Company Overview
- Table 42 Avanti Feeds Ltd. (Hyderabad, India) Financial Overview
- Table 43 The Waterbase Ltd. Company Overview
- Table 44 The Waterbase Ltd. Financial Overview
- Table 45 Thai Union Group (Bangkok, Thailand) Company Overview
- Table 46 Thai Union Group (Bangkok, Thailand) Financial Overview
- Table 47 Other prominent players Company Overview
- Table 48 Other prominent players Financial Overview
