According to 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. 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. It is widely utilized in the food industry to prepare several dishes, including pasta, mixed seafood dishes, tostadas, tacos, noodle soup, etc.
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.
| Report Metric | |
| Historical Year | 2016-2021 |
| Base Year | 2021 |
| Forecast Year | 2022-2027 |
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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.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global shrimp market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on species and size.
Breakup by Species:
- Penaeus vannamei
- Penaeus monodon
- Macrobrachium rosenbergii
- Others
Based on the species, the market has been divided into Penaeus vannamei, Penaeus monodon, Macrobrachium rosenbergii and others. Penaeus vannamei currently represents the most popular species, holding the largest share.
Breakup by Shrimp Size:
- <21
- 21-25
- 26-30
- 31-40
- 41-50
- 51-60
- 61-70
- >70
On the basis of the shrimp size, the market has been segregated into size <21, size 21-25, size 26-30, size 31-40, size 41-50, size 51-60, size 61-70 and size >70. Among these, size 41-50 is the leading category, accounting for the majority of the total market share.
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online Sales
- Others
The market has been classified based on the distribution channel into hypermarkets and supermarkets, convenience stores, hotels and restaurants, online sales and others. At present, the majority of the shrimp is distributed through hotels and restaurants.
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
TOC for the Report:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Shrimp Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Environment
5.4 Market Forecast
6 COVID-19 Impact on the Industry
7 Global Shrimp Market by Environment
7.1 Farmed Shrimp
7.1.1 Market Overview
7.1.2 Market Performance
7.1.2.1 Volume Trends
7.1.2.2 Value Trends
7.1.3 Major Shrimp Producing Countries
7.1.4 Major Shrimp Consuming Countries
7.1.5 Market Breakup by Species
7.1.5.1 Penaeus Vannamei
7.1.5.2 Penaeus Monodon
7.1.5.3 Macrobrachium Rosenbergii
7.1.5.4 Others
7.1.6 Market Breakup by Shrimp Size
7.1.7 Exports
7.1.8 Market Forecast
7.1.8.1 Volume Trends
7.1.8.2 Value Trends
7.2 Wild Shrimp
7.2.1 Market Overview
7.2.2 Market Performance
7.2.2.1 Volume Trends
7.2.2.2 Value Trends
8 Global Shrimp Industry Insights
8.1 Evolution of the Shrimp Industry
8.2 Shrimp as a Part of the Seafood Industry
8.3 Shrimp Products- Block-frozen Vs IQF
8.4 Shrimp Industry: Value Chain
8.5 Broodstock Sourcing
8.5.1 Regional Insights
8.5.2 Sourcing Challenges
8.6 Shrimp Feed Production
8.6.1 Regional Insights
8.6.2 Shrimp Feed Manufacturing Process
8.6.3 Major Feed Types Produced (Starter, Finisher and Grower)
8.6.4 Major Ingredients and Additives Used in the Shrimp Feed Industry
8.6.5 Key Manufacturers
8.6.6 Competitive Landscape
8.6.7 Key Success Factors in the Shrimp Feed Industry
8.7 Shrimp Farming
8.7.1 Regional Insights
8.7.2 Shrimp Farming Process Flow
8.7.3 Cropping Patterns in Major Markets
8.7.4 Role of Agents in the Shrimp Farming Industry
8.7.5 Types of Contracts in the Shrimp Farming Industry
8.7.6 Competitiveness Among the Major Markets
8.7.7 Impact of Macro and Micro Economic Environment
8.7.8 Government Support and Subsidies
8.7.9 Competitive Landscape
8.8 Shrimp Processing
8.8.1 Regional Insights
8.8.2 Primary Processing and Large-Scale Industrial Shrimp Processing
8.8.3 Role of Agents in the Shrimp Processing Industry
8.8.4 Types of Contracts in the Shrimp Processing Industry
8.8.5 Potential Markets for Processed Shrimp
8.8.6 Competitiveness Among the Major Markets
8.8.7 Impact of Macro and Micro Economic Environment
8.8.8 Government Support and Subsidies
8.8.9 Competitive Landscape
8.9 Value Added Shrimp
8.9.1 Types of Value-Added Products
8.9.2 Processing Requirements
8.9.3 Infrastructure and Skill Requirements
8.9.4 Key Market Drivers and Challenges
8.10 Shrimp Exports
8.10.1 Regional Insights
8.10.2 Competitiveness Among the Major Exporting Countries
8.10.3 Value Added Shrimp Exports
8.11 Price and Margin Analysis
8.11.1 Shrimp Feed Price Structure
8.11.2 Shrimp Feed Price Trends
8.11.3 Shrimp Feed: Revenues and Profit Margins
8.11.4 Farmed Shrimp Price Structure
8.11.5 Farmed Shrimp Price Trends
8.11.6 Shrimp Farming: Revenues and Profit Margins
8.11.7 Processed Shrimp Price Structure
8.11.8 Processed Shrimp Price Trends
8.11.9 Shrimp Processing: Revenues and Profit Margins
8.12 Shrimp Industry SWOT Analysis
8.12.1 Overview
8.12.2 Strengths
8.12.3 Weaknesses
8.12.4 Opportunities
8.12.5 Threats
8.13 Shrimp Industry Porters Five Forces Analysis
8.13.1 Overview
8.13.2 Bargaining Power of Buyers
8.13.3 Bargaining Power of Suppliers
8.13.4 Degree of Rivalry
8.13.5 Threat of New Entrants
8.13.6 Threat of Substitutes
9 Major Farmed Shrimp Producing Regions
9.1 China
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 India
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Indonesia
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Vietnam
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Thailand
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Ecuador
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Major Farmed Shrimp Consuming Regions
10.1 United States
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 China
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Japan
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Others
10.5.1 Market Trends
10.5.2 Market Forecast
11 Farmed Shrimp Market Breakup by Species
11.1 Penaeus Vannamei
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Penaeus Monodon
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Macrobrachium Rosenbergii
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Others
11.4.1 Market Trends
11.4.2 Market Forecast
12 Farmed Shrimp Market Breakup by Shrimp Size
12.1 Size <21
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Size 21-25
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Size 26-30
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Size 31-40
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Size 41-50
12.5.1 Market Trends
12.5.2 Market Forecast
12.6 Size 51-60
12.6.1 Market Trends
12.6.2 Market Forecast
12.7 Size 61-70
12.7.1 Market Trends
12.7.2 Market Forecast
12.8 Size >70
12.8.1 Market Trends
12.8.2 Market Forecast
13 Farmed Shrimp Market Breakup by Distribution Channel
13.1 Hypermarkets and Supermarkets
13.1.1 Market Trends
13.1.2 Market Forecast
13.2 Convenience Stores
13.2.1 Market Trends
13.2.2 Market Forecast
13.3 Hotels and Restraunts
13.3.1 Market Trends
13.3.2 Market Forecast
13.4 Online Sales
13.4.1 Market Trends
13.4.2 Market Forecast
13.5 Others
13.5.1 Market Trends
13.5.2 Market Forecast
14 Market for Value Added Shrimp Products
14.1 Market Overview
14.2 Market Performance
14.3 Market Breakup by Region
14.4 Market Breakup by Type
14.5 Market Forecast
15 Imports of Processed Shrimps
15.1 Peeled
15.2 Shell-On
15.3 Cooked
15.4 Breaded
16 Competitive Landscape
16.1 Competitive Structure
16.2 Key Players
17 Shrimp Processing
17.1 Product Overview
17.2 Detailed Process Flow
17.3 Various Types of Unit Operations Involved
17.4 Mass Balance and Raw Material Requirements
18 Project Details, Requirements and Costs Involved
18.1 Land Requirements and Expenditures
18.2 Construction Requirements and Expenditures
18.3 Plant Machinery
18.4 Machinery Pictures
18.5 Raw Material Requirements and Expenditures
18.6 Raw Material and Final Product Pictures
18.7 Packaging Requirements and Expenditures
18.8 Transportation Requirements and Expenditures
18.9 Utility Requirements and Expenditures
18.10 Manpower Requirements and Expenditures
18.11 Other Capital Investments
19 Loans and Financial Assistance
20 Project Economics
20.1 Capital Cost of the Project
20.2 Techno-Economic Parameters
20.3 Product Pricing and Margins Across Various Levels of the Supply Chain
20.4 Taxation and Depreciation
20.5 Income Projections
20.6 Expenditure Projections
20.7 Financial Analysis
20.8 Profit Analysis
21 Key Player Profiles
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