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

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

Tiger Prawn are larger prawn that are native to the Indo-Western Pacific but have established invasive populations in other areas, including the Gulf of Mexico. Tiger prawns are named for the stripes on their shells. This species is a highly valuable seafood species widely targeted by commercial fishermen throughout its distribution range and grown on aquaculture farms around the world.

Market Overview:

The latest research study on the global Tiger Prawn market finds that the global Tiger Prawn market reached a value of USD 5690.73 million in 2022. It’s expected that the market will achieve USD 8646.16 million by 2028, exhibiting a CAGR of 7.22% during the forecast period.

Tiger Prawn has high nutritional value

Tiger prawns are crustaceans naturally found in calm waters that lay their eggs among aquatic plants. They represent a popular seafood product widely used in soups, salads, sushi, curries and pasta. The Tiger Prawn is large and flavorful, with moist, firm flesh and just the right amount of flavour. Their consumption has been linked to preventing cancer, maintaining heart health, fighting Alzheimer's disease, and building strong bones and muscles. As they are a rich source of selenium and antioxidants, prawns help improve skin texture, regulate active white blood cells and increase muscle metabolism. Additionally, they help improve the immune system.

Region Overview:

From 2022-2027, Asia-Pacific is estimated to witness robust growth prospects

Company Overview

Minh Phu is Vietnam's No. 1 and the world's leading seafood company, and their products are currently sold in more than 50 countries and regions. Minh Phu has a total of 10 member companies, including 4 shrimp processing factories and 8 subsidiaries. Each member is an important link in the entire value chain of shrimp production in Minh Phu. With an end-to-end and responsible value chain; Minh Phu aims to build a complete ecosystem that brings good value to all involved members, making Vietnam a leading supplier of premium shrimp.

Segmentation Overview:

Among different product types, Black Tiger segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Tiger Prawn market covered in Chapter 3:

Minh Phu Seafood
Tizara Aquaculture Ltd.
Fresh Foods Ltd.
STAPIMEX
Tassal Group
Austral Fisheries
Gold Coast Tiger Prawns
VietAgri
M/s Jeelani Marine Products
Uni-Fishery

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

Black Tiger
Skull Island Tiger Prawn

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

Residential
Commercial

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)