Global Shrimp Market Size By Species, By Shrimp Size, By Geographic Scope And Forecast

Shrimp Market Size And Forecast

Shrimp Market size was valued at USD 29.86 Billion in 2021 and is projected to reach USD 60.95 Billion by 2030, growing at a CAGR of 8.25% from 2023 to 2030.

The shrimp market is driven by various factors such as the escalating demand due to the increasing health benefits offered by shrimps, increase in adoption of new environmentally friendly production techniques, and contract farming & government policies driving the market. The Global Shrimp Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Shrimp Market Definition

Shrimp, those cool decapod shellfish, are all about that long body and swimming life – we're mainly talking about Caridea and Dendrobranchiata here. Now, some people might only call the smaller Caridea, or maybe just the ocean-dwelling ones, shrimp. But, if you're using a wider definition, "shrimp" can basically mean the same thing as "prawn." Think stalk-eyed swimmers with those long, strong tails (or midriffs, if you're fancy), long hairs (those antenna things!), and skinny legs. Basically, if it looks like a shrimp, people will probably call it a shrimp. Unlike crabs and lobsters with their tough walking legs, shrimp have these lean, delicate legs they mostly use for perching.

Shrimp are broad and inexhaustible. There are thousands of species adjusted to a wide run of environments. They can be found bolstering close the seafloor on most coasts and estuaries, as well as in streams and lakes. To elude predators, a few species flip off the seafloor and plunge into the silt. They more often than not live from one to seven a long time. Shrimp are regularly singular, in spite of the fact that they can shape huge schools amid the bringing forth season.

Global Shrimp Market Overview

Did you know that shrimp, especially types like white leg shrimp, monster tiger shrimps, inlet shrimps, blue shrimps, and regal ruddy shrimps, are the most popular kinds eaten around the globe? During the COVID-19 pandemic, shrimp really saw a boost in demand! People thought it could help their immunity, which fueled the shrimp market. That's because shrimp has selenium, an antioxidant that helps keep your immune system strong. So, more people ate it hoping it would help fight off COVID-19. Plus, shrimp is becoming even more popular because it’s packed with nutrients and has low-fat protein! It's got zero carbs and is super low in calories – about one calorie per gram. All this makes it a great choice for folks looking to slim down. Because of this demand, shrimp production has really ramped up. And get thisshrimp is also loaded with minerals and vitamins! We're talking iron, calcium, sodium, phosphorus, zinc, magnesium, potassium, iodine, niacin, riboflavin, thiamin, vitamin A, vitamin E, vitamin B6, and vitamin B12. That's why shrimp is considered such a healthy food, thanks to all those amazing minerals, vitamins, and nutrients.

Want to stay healthy and feel great? Shrimp can help! It might even keep you from losing your hair and keep your bones strong. Plus, it could boost your memory, ease menstrual cramps, lower bad cholesterol, and even help reduce the risk of lung and prostate cancer! It's also a fantastic source of protein and vitamin D, and the best part? No carbs! So, if you're trying to lose weight, this simple seafood is a popular choice. And get thisshrimp is packed with zinc! Why is that important? Well, zinc helps increase leptin levels in your body. Leptin regulates fat storage, appetite, and overall energy use – and it keeps your hair looking good! By boosting leptin, you can avoid common issues like overeating and those confusing cravings, which is a huge win for anyone watching their weight.

Global Shrimp MarketSegmentation Analysis

The Global Shrimp Market is segmented based on Species, Shrimp Size, and Geography.

Shrimp Market by Species

• Penaeus Vannamei• Penaeus Monodon• Macrobrachium Rosenbergii• Others

Based on species the market is bifurcated into Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii and Others

Shrimp Market by Shrimp Size

• Large Size• Medium Size• Small Size• Extra Small Size

Based on shrimp size the market is bifurcated into Large Size, Medium Size, Small Size and Extra Small Size

Shrimp Market by Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Shrimp Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players

The “Global Shrimp Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Mazzetta Company, LLC, Ma Yo Foods Co., Ltd, United European Seafood Traders Ltd, Carson and Co., Seaprimexco Vietnam, A B Golden Seafood, Ocean More Foods Co., Limited, Afentoulis Liveris & Co., Midseas Corp and Grand Ocean Seafoods Co., Ltd.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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We dive deep into the market, looking at it from all angles – both the money side and the things you can't put a price on, breaking it down into key segments. We'll give you the market value (in USD Billion) for each of these segments and sub-segments. Plus, we'll point out which region and segment are predicted to grow the fastest and be the biggest. We'll also analyze each region, looking at how much of the product/service is used there and what's influencing the market in each place. You'll get a rundown of the competition, including market rankings of the big players, their new products/services, partnerships, expansions, and acquisitions over the last five years. We provide detailed company profiles, covering everything from company overviews and insights to product comparisons and SWOT analysis for the major market players. We'll give you a clear picture of where the industry is now and where it's heading, considering recent developments, growth opportunities, drivers, and challenges in both emerging and developed regions. We'll also use Porter's five forces to analyze the market from different angles and give you insight through a Value Chain analysis. Finally, you'll get a look at the market dynamics and growth opportunities in the coming years, along with 6-month post-sales analyst support.

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