Global Prawns Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Prawns Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Prawns is a common name for small aquatic crustaceans with exoskeletons and ten legs, some of which are edible.

Market Overview:

The latest research study on the global Prawns market finds that the global Prawns market reached a value of USD 66626.48 million in 2022. It’s expected that the market will achieve USD 80196.17 million by 2028, exhibiting a CAGR of 3.14% during the forecast period.

Strength

Increasing downstream demand.
Mature industry chain.
Good purchasing power.

Weakness

Fierce competition.
Highly labor cost.

Opportunity

Changes in political, economic, social, technological, legal and environmental factors boosting the market.
Potential market grow.

Threat

New entrants are hard to open the market.
Regulation from Government.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Prawns market and is expected to become the largest region by 2028.

Company Overview:

Thai Union Group is one of the major players operating in the Prawns market, holding a share of 1.42% in 2023.

Thai Union Group

Thai Union Group Public Company Limited produces and exports frozen and canned seafood products including frozen tuna loin, shrimp and cephalopod. The Company also produces canned pet foods from byproducts of its seafood process. Additionally, the Company produces fish snack and canned tuna which are marketed locally.

Chia Tai Group

Chia Tai Company Limited is a pioneering agribusiness company based in Thailand that engages in high quality seed, fertilizer, and crop protection business.

Segmentation Overview:

By type, Frozen Prawns segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Food Service segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Prawns market covered in Chapter 3:

Omarsa
Cooke Aquaculture
Bohai Shuichan
Zhanjiang Guolian
Minh Phu Seafood
PT. Mustika Minanusa Aurora
Expalsa
Chia Tai Group
Pescanova 
Apex Frozen Foods
Zhanjiang Longwei
Santa Priscila
Thai Union Group
Songa
Avanti Feeds

In Chapter 4 and Chapter 14.2, on the basis of types, the Prawns market from 2018 to 2029 is primarily split into:

Frozen Prawns
Chilled Prawns

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Prawns market from 2018 to 2029 covers:

Retail
Food Service

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)