Shrimp Market, By Source Type (Cold Water Shrimps, Hot Water Shrimps), By Species (Gulf Shrimps, Farmed Whiteleg Shrimps, Blue Shrimps, Ocean Shrimps, Royal Red Shrimps), By Form (Frozen, Canned, Peeled, Cooked, Shell-On, Others), By End use Industry (Foo

Shrimp Market, By Source Type (Cold Water Shrimps, Hot Water Shrimps), By Species (Gulf Shrimps, Farmed Whiteleg Shrimps, Blue Shrimps, Ocean Shrimps, Royal Red Shrimps), By Form (Frozen, Canned, Peeled, Cooked, Shell-On, Others), By End use Industry (Food, Cosmetics, Pharmaceutical, Biotechnology and Life Sciences, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)


The global shrimp market is expected to grow significantly in the coming years. Shrimp is one of the most popular and widely consumed seafood across various regions worldwide. Rising demand for shrimp as a high protein source coupled with the growth of the food processing industry is anticipated to drive the market growth during the forecast period. Increasing health-consciousness and changing dietary patterns are also expected to contribute to higher shrimp consumption globally. However, overfishing and challenges related to disease outbreaks in shrimp farming may hamper the market growth to some extent. Overall, growing seafood trade and rising population disposable incomes in developing countries are likely to create new opportunities in this space.

Market Dynamics:

The global shrimp market is primarily driven by growing awareness about the nutritional benefits of shrimp as a rich protein source. Shrimp contains high-quality protein and various vitamins and minerals that support overall health and wellness. With rising health consciousness, the demand for shrimp has increased considerably among health-conscious consumers worldwide. Furthermore, the growing processed and frozen seafood sector is widening the market scope for shrimp. The rising demand for convenience foods has propelled the sales of processed shrimp products such as breaded, canned, and cooked varieties across various countries. However, overfishing of shrimp in certain regions poses a major restraint to the market growth. Additionally, outbreaks of diseases like early mortality syndrome has negatively impacted shrimp farming in recent years. Nevertheless, increasing seafood exports and the flourishing food retail sector in developing nations would likely create new opportunities over the coming years.

Key Features of the Study:
  • This report provides an in-depth analysis of the global shrimp market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global shrimp market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Morubel N.V., Maruha Nichiro Corporation, Pacific Seafood, Thai Union Group PCL, Clearwater Seafoods, Avanti Feeds Limited, High Liner Foods, Surapon Foods Public Company Limited, Mazzetta Company, LLC, Aqua Star, Nordic Seafood A/S, The Waterbase Limited, and Wild Ocean Direct
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global shrimp market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Detailed Segmentation-
  • By Source Type:
  • Cold Water Shrimps
  • Hot Water Shrimps
  • By Species:
  • Gulf Shrimps
  • Farmed Whiteleg Shrimps
  • Blue Shrimps
  • Ocean Shrimps
  • Royal Red Shrimps
  • By Form:
  • Frozen
  • Canned
  • Peeled
  • Cooked
  • Shell-On
  • Others
  • By End use Industry:
  • Food
  • Cosmetics
  • Pharmaceutical
  • Biotechnology and Life Sciences
  • Others
  • By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
  • Company Profiles:
  • Morubel N.V.
  • Maruha Nichiro Corporation
  • Pacific Seafood
  • Thai Union Group PCL
  • Clearwater Seafoods
  • Avanti Feeds Limited
  • High Liner Foods
  • Surapon Foods Public Company Limited
  • Mazzetta Company, LLC
  • Aqua Star
  • Nordic Seafood A/S
  • The Waterbase Limited
  • Wild Ocean Direct


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Source Type
Market Snippet, By Species
Market Snippet, By Form
Market Snippet, By End use Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Shrimp Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Shrimp Market
Impact Analysis
5. Global Shrimp Market, By Source Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Cold Water Shrimps
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Hot Water Shrimps
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
6. Global Shrimp Market, By Species, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Gulf Shrimps
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Farmed Whiteleg Shrimps
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Blue Shrimps
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Ocean Shrimps
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Royal Red Shrimps
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
7. Global Shrimp Market, By Source Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Cold Water Shrimps
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Hot Water Shrimps
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
8. Global Shrimp Market, By Form, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Frozen
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Canned
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Peeled
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Cooked
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Shell-On
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
9. Global Shrimp Market, By Source Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Food
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Cosmetics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Pharmaceutical
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Biotechnology and Life Sciences
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
10. Global Shrimp Market, By Distribution Channel, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Hypermarket/Supermarket
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Convenience Stores
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Specialty Stores
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Online
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
11. Global Shrimp Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020-2031
North America
Introduction
Market Size and Forecast, By Source Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Species, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Form, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End use Industry, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Distribution Channel, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.S.
Canada
Latin America
Argentina
Mexico
Rest of Latin America
Europe
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
GCC Countries
Israel
Rest of Middle East & Africa
12. Competitive Landscape
Market Share Analysis
Company Profiles
Morubel N.V.
Company Overview
Source Type Portfolio
Recent Developments/Updates
Maruha Nichiro Corporation
Pacific Seafood
Thai Union Group PCL
Clearwater Seafoods
Avanti Feeds Limited
High Liner Foods
Surapon Foods Public Company Limited
Mazzetta Company, LLC
Aqua Star
Nordic Seafood A/S
The Waterbase Limited
Wild Ocean Direct
13. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
14. Section
References
Research Methodology
About Us and Sales Contact
* Browse 25 market data tables* and 20 figures* on “Global Shrimp Market” - Global forecast to 2031.

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