Global Shrimp Market To Witness A Towering Growth With A CAGR Of 9.4% By The End Of 2032

the global Shrimp Market was worth USD 2.64 Billion in 2023. The market is forecast to reach USD 5.92 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.4% during the forecast period 2024-2032. The shrimp market is boosted by different factors such as the increasing demand owing to the rise in acceptance of new eco-friendly production methods, rising health advantages provided by shrimps, and government policies & contract farming. Shrimp species, such as giant tiger shrimps, royal red shrimps, white leg shrimp, blue shrimps, and gulf shrimps are the most well-liked varieties that are eaten all over the globe.

Major players such as Nippon Suisan Kaisha, Ltd., Surapon Foods Public Company Limited, Trident Seafood’s Corporation, Charoen Pokphand Food PCL, and others are active in the global shrimps market.

Elevated Demand Owing To Health Advantages To Boost The Global Shrimp Market

The requirement for shrimp is rising amongst users, as it is high in low-fat protein and nutritional value. It is very low in calories and has no carbs. A single gram of shrimp adds up almost for a calorie. These reasons make users add shrimp in their daily food. In addition to this, shrimp is rich in vitamins and minerals, such as calcium, iron, phosphorus, sodium, magnesium, zinc, iodine, potassium, riboflavin, niacin, vitamin A, thiamin, vitamin B6, vitamin E, and vitamin B12. All the vitamins, minerals, and nutrients in general make shrimp a good diet. Shrimp assists in stopping many health problems. It assists in maintaining healthy bones, avoiding hair loss, reducing menstrual cramps, improving memory performance, lowering the danger of occurrence of prostate & lung cancer, and eliminating bad cholesterol.

Asia Pacific To Maintain Its Dominance In The Global Shrimp Market In The Forecast Period

Asia Pacific has been in the vanguard position in the global shrimps market for a long time. The manufacture of shrimp in China was almost two thousand metric tons in 2019, clocking a CAGR of 1.8%. In China, production of shrimp normally begins at the year end. During this time, farmers make simple mends to culture ponds by eliminating accumulated sediment, taking benefit of the cold and sun in winter to freshen up the pond fully. This elevates the population of shrimp in the pond. Acceptance of Pacific white shrimp as the major species by growing aquaculture sector of India, particularly in the contract farming industry, is one of the major factors that assist India to extend more into the global shrimp market.

Browse the full “Global Shrimp Market Size, Share & Trends Analysis Report - By Species (Penaeus Monodon, Penaeus Vannamei, Macrobrachium Rosenbergii, and Others), By Distribution Channel (Convenience Stores, Hypermarkets & Supermarkets, Online Sales, Hotels & Restaurants, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/shrimp-market

The global shrimp market is segmented as follows:

By Species

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

By Shrimp Size

• Size <_1_br />12.2 Size 21-25
• Size 26-30
• Size 31-40
• Size 41-50
• Size 51-60
• Size 61-70
• Size >70

By Distribution Channel

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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