November 07, 2019
According to the latest study titled ‘Global Shrimp Market: Analysis By Species (L. Vannamei, P. Monodon, M. Rosenbergii), By Production Form (Green/Head On, Green/Head Off, Peeled, Cooked, Breaded), By Shrimp Size, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024), By Shrimp Size (<15, 15-20, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, & >70), By Region (Americas, Europe, APAC, ROW), By Country (U.S., Canada, Spain, U.K, France, China, Japan, India)’ available with Market Study Report LLC, the global shrimp market is estimated to grow with a CAGR of 6.30% through the year 2024.
Shrimp is a marine animal which is typically consumed as food. It is beneficial in lowering blood pressure, aids weight loss, improves bone and brain health, relieves eye fatigue, and reduces the risk of developing cardiovascular diseases. In addition, it has high nutritional value and is low-fat protein, which is bolstering the product demand across the consumers. The surging preference for convenient and ready-to-cook food items among the younger population is presumed to drive shrimp market growth in the upcoming years.
The study examines the market for revenue shares and growth opportunities for different segments. Moreover, it encompasses information about trends, challenges, and drivers influencing the growth of shrimp market.
Based on production form, shrimp market is segmented into green/head on, peeled, green/head off, cooked, and breaded. Speaking of the shrimp size, the market is bifurcated into <15, 15-20, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, and >70. While on the basis of type of species, the industry is split into P. Monodon, M. Rosenbergii, and L. Vannamei.
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Considering the geographical spectrum, the global shrimp market is fragmented into four main regions, namely, Europe, Americas, APAC, and rest of the world, with key focus on countries, namely U.S., Canada, U.K, Spain, France, Japan, China, and India, wherein, China dominated the market in 2018, claims the report.
Some of the vendors that operate in shrimp market are High Liner Foods, Charoen Pokphand Foods, Apex Frozen Foods, Thai Union Group, Austevoll Seafood ASA, Rich Product Corporation, Nippon Suisan Kaisha, American Seafoods, Sirena AS, and International Fish Farming Co.
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