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Shrimp Market Worth 59400 Million USD Industry by 2024 with 3.4% CAGR Globally


Global Shrimp Market

Aquaculture is the fastest growing form of food production in the world. •Shrimp dominate aquaculture production by value, consequently, shrimp aquaculture is one of the fastest-growing forms of aquaculture.

Shrimp is one of the most common seafood and preferred by people. Presently, China, Indonesia, Thailand, and Vietnam are the key suppliers of various shrimp. The four regions can meet nearly 80% demand for shrimp globally.

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In the global farmed shrimp export market, the top five exporters are India, Vietnam, Ecuador, Indonesia, and Thailand. India’s top export markets included the US, Vietnam, the EU, and Japan. For the second leading exporter, Vietnam, all volumes mainly go into China, the US, the EU, the Republic of Korea and Australia. India achieves fast growth in the recent three years.

According to this study, over the next five years, the Shrimp market will register a 3.4% CAGR in terms of revenue, the global market size will reach US$ 59400 million by 2024, from US$ 50400 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Shrimp business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Shrimp market by product type, application, key manufacturers and key regions and countries.

This study considers the Shrimp value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Whiteleg Shrimp
Giant Tiger Prawn
Akiami Paste Shrimp

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Restaurant & Hotel

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Minh Phu Seafood Corp
Thai Union
Zhanjiang Guolian
Royal Greenland A/S
Quoc Viet
Devi Fisheries
The Liberty Group
Nekkanti Sea Foods

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Shrimp consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Shrimp market by identifying its various sub-segments.
Focuses on the key global Shrimp manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Shrimp with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Shrimp submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Our analysts can customize this market research report to meet your requirements.

Contact Info:

Name: Jennifer Daniel
US:  +1-716-2260907
UK: +447441952057
Organization: Planet Market Reports


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