Shrimp Market 2021-2026: Size, Share, Trends, Outlook, and Research Report

 According to the latest report by IMARC Group, titled “Shrimp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global shrimp market reached a volume of 8.12 Million Tons in 2020. On account of the aforementioned factors, the market is anticipated to witness moderate growth during 2021-2026. Shrimp is a decapod crustacean, belonging to the class Malacostraca, found across coasts and freshwater lakes and rivers. It is one of the most common and popular types of seafood consumed worldwide. Shrimps are rich in proteins, selenium, phosphorus, iron, magnesium, antioxidants, omega-3 fatty acids, and vitamins and have low amounts of saturated fat. As a result, shrimps help in managing weight, improving heart health, lowering blood pressure, 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.

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Global Shrimp Market Trends:

The changing consumer inclination from high-calorie food items towards a protein-rich diet is primarily driving the market for shrimps across the globe. Moreover, the processed and frozen shrimp products are usually affordable, easy to cook, long-lasting, and readily available across multiple online and offline distribution channels. As a result, these food products are experiencing high demand among working individuals with sedentary lifestyles and hectic schedules. Furthermore, the emergence of organic product variants that are free from antibiotics and growth inducing hormones, is further propelling the market growth. Besides this, the increasing participation of numerous government bodies to encourage shrimp farming practices by the provision of fiscal reliefs and incentives to farmers is expected to further augment the global shrimp market in the coming years.

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Key Market Segmentation:

Breakup by Species:

·      Penaeus vannamei

·      Penaeus monodon

·      Macrobrachium rosenbergii

·      Others

Breakup by Shrimp Size:

·      <21  

·      21-25 

·      26-30   

·      31-40

·      41-50 

·      51-60

·      61-70

·      >70

Breakup by Distribution Channel:

·      Hypermarkets and Supermarkets

·      Convenience Stores

·      Hotels and Restaurants

·      Online Sales

·      Others

Competitive Landscape with Key Players:

The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players.

Breakup by Region:

·      Major Producing Regions

o   China

o   India

o   Indonesia

o   Vietnam

o   Thailand

o   Ecuador

·      Major Consuming Regions

o   United States

o   China

o   Europe

o   Japan

o   Others

Key highlights of the Report:

·         Market Performance (2015-2020)

·         Market Outlook (2021-2026)

·         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

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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