The shrimp market size is estimated to reach USD 6,492.94 million, progressing at a CAGR of 4.01% by 2027. The rising number of shrimp-based product launches is a key factor driving the shrimp market growth.
Don’t miss out the business opportunities in the Shrimp Market. Unlock the Sample Report and gain crucial market insights that will benefit your business growth. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 26,892.11 million.
Browse Technavio's 165-page report and in-depth TOC on "Shrimp Market by product (frozen shrimp, canned shrimp, and others), distribution channel (supermarket and hypermarket, convenience store, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa).
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The shrimp market structure is fragmented in nature and the vendors are deploying growth strategies such as acquisitions, product launches, and others to promote their businesses in the global market. Some of the major shrimp market vendors are:
Based on geography, the shrimp market is segmented across Europe, North America, APAC, South America, and the Middle East and Africa. APAC is projected to contribute 38% of the shrimp market size by 2027. The market for shrimp is growing in Europe, driven by the increasing import of shrimp to Europe and various initiatives undertaken by vendors to increase shrimp production in the region. Increasing awareness among consumers about the various health benefits of shrimp will also aid market growth in Europe during the forecast period.
The rising number of shrimp-based product launches is a key factor driving the shrimp market value.
The emergence of sustainable fishing practices is the major shrimp market trend that will positively influence market growth.
Adverse climatic conditions and contamination are major challenges to the shrimp market size.
Technavio’s research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the shrimp market. Download the PDF Sample Report
YOY growth rate of the shrimp market.
A diversified analysis of the market’s competitive landscape and detailed information about vendors.
Accurate prediction about upcoming trends and changes in consumer behavior across Europe, North America, APAC, South America, and the Middle East and Africa.
Comprehensive details of factors that will impact the growth of shrimp market vendors.
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