A global study on the shrimp market shows that its primary growth-inducing elements are its ease of availability and high nutritional value. They are one of the most traded seafood species and integral to many cuisines. India has emerged as one of the top exporters of shrimp to the US and the EU due to the rising demand for stable, disease-free shrimp. This again fuels the demand for shrimp in emerging economies. The expansion of the food business due to the rising demand for ready-to-eat products is one of the major trends observed in the Indian shrimp market. Rapid urbanisation, changing customs, demanding work schedules, and an increasing number of working women are some of the causes driving it. As a result, India's shrimp market is producing enough shrimp. This helps in expanding the shrimp market size.
Due to the wide availability of several shrimp varieties in this area and the increased consumption, the United States shrimp market is anticipated to account for a sizeable portion of global shrimp output. The analysis predicts that the U.S. shrimp business will experience good growth chances soon.
Shrimp market demand analysis explains that the rising rate of obesity in the nation and the resulting rise in protein consumption are two important elements promoting growth. The Centers for Disease Control and Prevention (CDC) estimate that in 2017–2018, over 42 percent of Americans were obese. In light of this, the United States offers a profitable market for selling organic protein sources, pushing the overall demand for shrimp.
The shrimp market outlook suggests that the covid-19 pandemic ruined the food sector completely due to the damaged supply chain and uneasy logistics operations. Government and private players have put extra effort into putting the market back on track, fuelling the demand for shrimp. The growth is now higher, with each potential corner recovering with value. Using prevention equipment and advisories has helped the fish market regain its charm.
However, a higher number of people have become vegan during the pandemic, declining the sales of shrimp. In Europe, demand followed a similar pattern to the US, although not as extreme, while it grew in China too, but from a low point, and 2021 sales were still below pre-pandemic levels. The farmers are focusing on the longer shelf life of these shrimp to expand the supply chain and quality. The industry's future looks promising and rich with so many large producers and shrimp product manufacturers.
We have bifurcated the regions in further manner:
• North America: [United States and Canada]
• Asia Pacific: [China, India, Japan, Australia, South Korea, Thailand, Indonesia, Malaysia, Singapore, Rest of Asia-Pacific]
• Europe: [Germany, France, Italy, UK, Spain, Netherlands, Belgium, Denmark, Russia, Rest of Europe]
• Latin America: [Brazil, Mexico, Argentina, Rest of Latin America]
• Middle East & Africa: [South Africa, Saudi Arabia, UAE, Israel Rest of MEA]
Moreover, the report highlights each key player by covering their major aspects mentioned below:
• Business Overview
• Products/Services Offerings
• Financial Analysis
• Recent Developments
• Business Strategies
• SWOT AnalysisMarket Factor Analysis:
• Market Dynamics
• Technological Landscape
• Price Trend Analysis
• Regulatory Framework
• Mergers and Acquisitions
• Porter’s Analysis
• PEST Analysis
• Supply and Demand Analysis
• Production and Consumption Analysis
• Value Chain Analysis
• Competitive Landscape/Market Share Analysis
• Key Insights Shared by Primary Respondents (Supply side and demand side)
• COVID 19 Impact on the Industry
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Product launches & Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. % of Operating Margin Analysis
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Global Market - Pricing Analysis
3.6.1. Price Point Assessment by Region
3.6.2. Price Point Assessment by Product Type
3.6.3. Price Forecast till 2032
3.6.4. Factors affecting Pricing
3.7. Forecast Factors - Relevance & Impact
3.8. Regulatory Landscape
3.8.1. Packaging & Labelling Regulations
3.8.2. Certifications and Certifying Agency Overview
3.8.3. Import/Export Policies
3.9. Regional Parent Market Outlook
3.10. Consumers Survey Analysis
3.11. Macro-Economic Factors
3.12. Product Claims & Nutritional Information Scan by Buyers
4. Global Market Analysis 2018-2021 and Forecast, 2022-2031
4.1. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis, 2018-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (MT) Projections, 2022-2031
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018-2021 and Forecast 2022-2031, By Form
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Form, 2018-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Form, 2022-2031
5.3.1. Canned
5.3.2. Breaded
5.3.3. Peeled
5.3.4. Cooked & Peeled
5.3.5. Shell-On
5.3.6. Frozen
5.4. Y-o-Y Growth Trend Analysis By Form, 2018-2021
5.5. Absolute $ Opportunity Analysis By Form, 2022-2031
6. Global Market Analysis 2018-2021 and Forecast 2022-2031, By Species
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Species, 2018-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Species, 2022-2031
6.3.1. Gulf Shrimps
6.3.2. Farmed Whiteleg Shrimps
6.3.3. Banded Coral Shrimps
6.3.4. Royal Red Shrimp
6.3.5. Giant Tiger Shrimps
6.3.6. Blue Shrimps
6.3.7. Oceans Shrimps
6.4. Y-o-Y Growth Trend Analysis By Species, 2018-2021
6.5. Absolute $ Opportunity Analysis By Species, 2022-2031
7. Global Market Analysis 2018-2021 and Forecast 2022-2031, By Source
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Source, 2018-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Source, 2022-2031
7.3.1. Organic
7.3.2. Conventional
7.4. Y-o-Y Growth Trend Analysis By Source, 2018-2021
7.5. Absolute $ Opportunity Analysis By Source, 2022-2031
8. Global Market Analysis 2018-2021 and Forecast 2022-2031, By Sales Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Sales Channel, 2018-2021
8.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Sales Channel, 2022-2031
8.3.1. Direct
8.3.2. Indirect
8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018-2021
8.5. Absolute $ Opportunity Analysis By Sales Channel, 2022-2031
9. Global Market Analysis 2018-2021 and Forecast 2022-2031, By Application
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Application, 2018-2021
9.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Application, 2022-2031
9.3.1. Food
9.3.2. Pharmaceutical
9.3.3. Cosmetic
9.3.4. Industrial
9.3.5. Biotechnology
9.4. Y-o-Y Growth Trend Analysis By Application, 2018-2021
9.5. Absolute $ Opportunity Analysis By Application, 2022-2031
10. Global Market Analysis 2018-2021 and Forecast 2022-2031, By Region
10.1. Introduction
10.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Region, 2018-2021
10.3. Current Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Region, 2022-2031
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. East Asia
10.3.5. South Asia
10.3.6. Oceania
10.3.7. MEA
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2018-2021 and Forecast 2022-2031, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2018-2021
11.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2031
11.2.1. By Country
11.2.1.1. U.S.
11.2.1.2. Canada
11.2.2. By Form
11.2.3. By Species
11.2.4. By Source
11.2.5. By Sales Channel
11.2.6. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Form
11.3.3. By Species
11.3.4. By Source
11.3.5. By Sales Channel
11.3.6. By Application
11.4. Key Takeaways
12. Latin America Market Analysis 2018-2021 and Forecast 2022-2031, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2018-2021
12.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2031
12.2.1. By Country
12.2.1.1. Brazil
12.2.1.2. Mexico
12.2.1.3. Argentina
12.2.1.4. Rest of Latin America
12.2.2. By Form
12.2.3. By Species
12.2.4. By Source
12.2.5. By Sales Channel
12.2.6. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Form
12.3.3. By Species
12.3.4. By Source
12.3.5. By Sales Channel
12.3.6. By Application
12.4. Key Takeaways
13. Europe Market Analysis 2018-2021 and Forecast 2022-2031, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2018-2021
13.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2031
13.2.1. By Country
13.2.1.1. Germany
13.2.1.2. Italy
13.2.1.3. France
13.2.1.4. U.K.
13.2.1.5. Spain
13.2.1.6. Netherlands
13.2.1.7. Belgium
13.2.1.8. Denmark
13.2.1.9. Russia
13.2.1.10. Rest of Europe
13.2.2. By Form
13.2.3. By Species
13.2.4. By Source
13.2.5. By Sales Channel
13.2.6. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Form
13.3.3. By Species
13.3.4. By Source
13.3.5. By Sales Channel
13.3.6. By Application
13.4. Key Takeaways
14. East Asia Market Analysis 2018-2021 and Forecast 2022-2031, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2018-2021
14.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2031
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Form
14.2.3. By Species
14.2.4. By Source
14.2.5. By Sales Channel
14.2.6. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Form
14.3.3. By Species
14.3.4. By Source
14.3.5. By Sales Channel
14.3.6. By Application
14.4. Key Takeaways
15. South Asia Market Analysis 2018-2021 and Forecast 2022-2031, By Country
15.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2018-2021
15.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2031
15.2.1. By Country
15.2.1.1. India
15.2.1.2. Thailand
15.2.1.3. Malaysia
15.2.1.4. Indonesia
15.2.1.5. Rest of South Asia
15.2.2. By Form
15.2.3. By Species
15.2.4. By Source
15.2.5. By Sales Channel
15.2.6. By Application
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Form
15.3.3. By Species
15.3.4. By Source
15.3.5. By Sales Channel
15.3.6. By Application
15.4. Key Takeaways
16. Oceania Market Analysis 2018-2021 and Forecast 2022-2031, By Country
16.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2018-2021
16.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2031
16.2.1. By Country
16.2.1.1. Australia
16.2.1.2. New Zealand
16.2.2. By Form
16.2.3. By Species
16.2.4. By Source
16.2.5. By Sales Channel
16.2.6. By Application
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Form
16.3.3. By Species
16.3.4. By Source
16.3.5. By Sales Channel
16.3.6. By Application
16.4. Key Takeaways
17. MEA Market Analysis 2018-2021 and Forecast 2022-2031, By Country
17.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2018-2021
17.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2031
17.2.1. By Country
17.2.1.1. South Africa
17.2.1.2. Saudi Arabia
17.2.1.3. UAE
17.2.1.4. Israel
17.2.2. By Form
17.2.3. By Species
17.2.4. By Source
17.2.5. By Sales Channel
17.2.6. By Application
17.3. Market Attractiveness Analysis
17.3.1. By Country
17.3.2. By Form
17.3.3. By Species
17.3.4. By Source
17.3.5. By Sales Channel
17.3.6. By Application
17.4. Key Takeaways
18. Key Countries Market Analysis
18.1. U.S.A
18.1.1. Pricing Analysis
18.1.2. Market Share Analysis, 2021
18.1.2.1. By Form
18.1.2.2. By Species
18.1.2.3. By Source
18.1.2.4. By Sales Channel
18.1.2.5. By Application
18.2. Canada
18.3. Brazil
18.4. Mexico
18.5. Argentina
18.6. Germany
18.7. Italy
18.8. France
18.9. Spain
18.10. U.K.
18.11. Netherlands
18.12. Belgium
18.13. Denmark
18.14. Russia
18.15. China
18.16. Japan
18.17. India
18.18. Australia
18.19. South Korea
18.20. Thailand
18.21. Indonesia
18.22. Malaysia
18.23. Thailand
18.24. Singapore
18.25. South Africa
18.26. Saudi Arabia
18.27. UAE
18.28. Israel
19. Market Structure Analysis
19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Market Share Analysis of Top Players
19.3.1. By Regional
19.3.2. By Form
19.3.3. By Species
19.3.4. By Source
19.3.5. By Sales Channel
19.3.6. By Application
20. Competition Analysis
20.1. Competition Deep Dive
20.1.1. Aqua Star Corp. (Seattle, U.S.)
20.1.1.1. Overview
20.1.1.2. Product Portfolio
20.1.1.3. Profitability by Market Segments
20.1.1.4. Sales Footprint
20.1.1.5. Strategy Overview
20.1.1.5.1. Marketing Strategy
20.1.1.5.2. Product Strategy
20.1.1.5.3. Channel Strategy
20.1.2. Avanti Feeds Ltd. (Hyderabad, India)
20.1.3. Devi Fisheries Limited
20.1.4. Falcon Marine Exports
20.1.5. BMR Groups
20.1.6. Clearwater Seafoods Inc. (Bedford, Canada)
20.1.7. High Liner Foods Inc. (Lunenburg, Canada)
20.1.8. Surapon Foods (Muang, Thailand)
20.1.9. Thai Union Group (Bangkok, Thailand)
20.1.10. Marine Harvest (Bergen, Norway)
20.1.11. Maruha Nichiro Corporation (Tokyo, Japan)
20.1.12. Nippon Suisan Kaisha (Tokyo, Japan)
20.1.13. Nordic Seafoods A/S (Hirtshals, Denmark)
20.1.14. Nekkanti Sea Foods Limited (NSFL)
20.1.15. Jayalakshmi Sea Foods Pvt. Ltd.
20.1.16. Apex Frozen Foods Ltd.
20.1.17. SSF LIMITED