Global Tiger Prawn Market Growth 2024-2030

Global Tiger Prawn Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Tiger Prawn market size was valued at US$ 1330.9 million in 2023. With growing demand in downstream market, the Tiger Prawn is forecast to a readjusted size of US$ 2088.6 million by 2030 with a CAGR of 6.6% during review period.

The research report highlights the growth potential of the global Tiger Prawn market. Tiger Prawn are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Tiger Prawn. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Tiger Prawn market.

Tiger prawns, also known as tiger shrimp, are a type of marine crustacean belonging to the family Penaeidae. They are characterized by their large size, vibrant reddish-orange to pinkish coloration, and distinctive black stripes or spots on their shells, which resemble the pattern of a tiger's stripes. Tiger prawns are valued for their delicious taste and are a popular seafood item.

Growing Demand for Seafood: In many parts of the world, there has been a consistent demand for seafood, including tiger prawns. The popularity of seafood as a source of protein and the increasing global population have contributed to the demand for tiger prawns.

Export and Import Dynamics: Tiger prawns are often exported from countries where they are harvested to countries with high seafood consumption. Major exporting countries included India, Indonesia, Vietnam, and Thailand. Key importing nations included the United States, European Union countries, and Japan.

Aquaculture Expansion: Due to the depletion of wild tiger prawn stocks and increasing demand, aquaculture (shrimp farming) has become a significant source of tiger prawns. This has helped stabilize the supply and meet consumer demand.

Sustainability and Environmental Concerns: The tiger prawn industry, like other seafood industries, faced scrutiny over environmental impacts. Concerns include habitat destruction, pollution from farms, and the use of antibiotics and chemicals. As a result, there has been a push for more sustainable and responsible practices in tiger prawn farming.

Key Features:

The report on Tiger Prawn market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Tiger Prawn market. It may include historical data, market segmentation by Type (e.g., Black Tiger, Skull Island Tiger Prawn), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Tiger Prawn market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Tiger Prawn market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Tiger Prawn industry. This include advancements in Tiger Prawn technology, Tiger Prawn new entrants, Tiger Prawn new investment, and other innovations that are shaping the future of Tiger Prawn.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Tiger Prawn market. It includes factors influencing customer ' purchasing decisions, preferences for Tiger Prawn product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Tiger Prawn market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Tiger Prawn market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Tiger Prawn market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Tiger Prawn industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Tiger Prawn market.

Market Segmentation:

Tiger Prawn market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Black Tiger
Skull Island Tiger Prawn
Others

Segmentation by application
Residential
Commercial

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.
Austral Fisheries
Tassal Group
Fiodosur Group
Pacific American Fish Company, Inc
Gold Coast Tiger Prawns
Tropic Co
CSIRO

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tiger Prawn market?

What factors are driving Tiger Prawn market growth, globally and by region?

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

How do Tiger Prawn market opportunities vary by end market size?

How does Tiger Prawn break out type, application?

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