Global Farmed Whiteleg Shrimps Market Growth 2023-2029

Global Farmed Whiteleg Shrimps Market Growth 2023-2029

Whiteleg shrimp (Litopenaeus vannamei, synonym Penaeus vannamei), also known as Pacific white shrimp or King prawn, is a species of prawn of the eastern Pacific Ocean commonly caught or farmed for food.

The farmed whiteleg shrimp are one of the world’s most commonly available and popular species of the shrimp. The other commonly accepted names of the farmed whiteleg shrimp are Pacific white shrimp, king prawn or tiger prawn. The farmed whiteleg shrimp appear translucent white in colour and are generally confused with white-coloured Gulf Mexico. However, based on the shrimp feed, water turbidity and substratum the shrimp can also appear in different colour bands ranging from green, brown, red, grey, and transverse colour bands. In addition to this, the farmed whiteleg shrimp are one of the most traded aquaculture commodities in the Asia and continues to dominate the overall global market as well owing to its extensively popularity and production across the major countries worldwide.

LPI (LP Information)' newest research report, the “Farmed Whiteleg Shrimps Industry Forecast” looks at past sales and reviews total world Farmed Whiteleg Shrimps sales in 2022, providing a comprehensive analysis by region and market sector of projected Farmed Whiteleg Shrimps sales for 2023 through 2029. With Farmed Whiteleg Shrimps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Farmed Whiteleg Shrimps industry.

This Insight Report provides a comprehensive analysis of the global Farmed Whiteleg Shrimps landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Farmed Whiteleg Shrimps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Farmed Whiteleg Shrimps market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Farmed Whiteleg Shrimps and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Farmed Whiteleg Shrimps.

The global Farmed Whiteleg Shrimps market size is projected to grow from US$ 29370 million in 2022 to US$ 45250 million in 2029; it is expected to grow at a CAGR of 45250 from 2023 to 2029.

The top five producers of farmed whiteleg shrimps in the world include Charoen Pokphand Foods PCL, Cooke Aquaculture, Omarsa, Songa, Santa Priscila, with a combined market share of over 10%. The largest producer of them is Charoen Pokphand Foods PCL, with a market share of about 5%. China is the global leading producer of farmed whiteleg shrimp, with a market share of over 35%. In terms of type, seawater aquaculture has a market share of over 85%. In the field of application, the food industry has a market share of more than 90%.

This report presents a comprehensive overview, market shares, and growth opportunities of Farmed Whiteleg Shrimps market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Seawater Aquaculture
Freshwater Aquaculture

Segmentation by application
Food
Pharmaceutical and Cosmetics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Charoen Pokphand Foods PCL
Cooke Aquaculture
Omarsa
Songa
Santa Priscila
Expalsa
Zhanjiang Guolian Aquatic
Proexpo
Quoc Viet
Avanti Feeds
Carribbean Shrimp Company
Ananda Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Farmed Whiteleg Shrimps market?

What factors are driving Farmed Whiteleg Shrimps market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Farmed Whiteleg Shrimps market opportunities vary by end market size?

How does Farmed Whiteleg Shrimps break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.