Global Shrimp Market 2024-2028
Shrimp Market 2024-2028
The shrimp market is forecasted to grow by USD 7385.2 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the shrimp market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing awareness about health benefits of shrimp, initiatives to increase shrimp production, and rising number of shrimp-based product launches.
Technavio's shrimp market is segmented as below:
By Product
- Frozen shrimp
- Canned shrimp
- Others
By Distribution Channel
- Supermarket and hypermarket
- Convenience store
- Others
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the increasing m and a activities as one of the prime reasons driving the shrimp market growth during the next few years. Also, growth in online retailing and emergence of sustainable fishing practices will lead to sizable demand in the market.
The report on the shrimp market covers the following areas:
- Shrimp market sizing
- Shrimp market forecast
- Shrimp market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading shrimp market vendors that include Admiralty Island Fisheries Inc., AFENTOULIS LIVERIS and SIA O.E., Apex Frozen Foods Ltd., Beaver Street Fisheries Inc., Charoen Pokphand Foods PCL, Cooke Aquaculture Inc., Grand Ocean Seafoods Co. Ltd., GRUPO IBERICA CONGELADOS S.A., High Liner Foods Inc., Maruha Nichiro Corp., Mazzetta Co. LLC, Nissui Corp., Pacific Seafood Group, Premium Brands Holdings Corp., Seaprimexco, Surapon Foods Public Co. Ltd., Sykes Seafood Ltd., Thai Union Group PCL, The Waterbase Ltd., and Wild Ocean Direct. Also, the shrimp market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.