Shrimp Market to Reach USD 69.22 Billion by 2029 | At a CAGR of 4.77%

TechSci Research's report on the "Global Shrimp Market" reveals that the market reached USD 69.22 billion in 2023 and is projected to grow at a CAGR of 4.77% during 2025-2029. This sector, a vital component of the seafood industry, is characterized by dynamic shifts driven by rising consumer demand for shrimp, sustainable aquaculture practices, and advancements in technology. Challenges include disease outbreaks, environmental concerns, price fluctuations, and regulatory issues. Asia Pacific leads in production and consumption. Stakeholders must adapt to evolving consumer expectations to ensure the market's long-term viability.

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The global shrimp market encounters various challenges affecting its sustainability. Disease outbreaks, especially viral pathogens, threaten shrimp farms, causing economic losses and instability. Environmental issues like mangrove deforestation and water pollution from traditional farming methods raise ecological concerns. Fluctuating market prices, driven by supply-demand dynamics and economic conditions, create uncertainties for producers and consumers.

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Online sales are rapidly growing in the global shrimp market, revolutionizing how consumers buy shrimp products. The convenience and accessibility of online platforms are driving this trend, offering a wide range of shrimp choices globally. The surge in online grocery shopping and the popularity of seafood marketplaces are fueling the growth of online sales. This shift mirrors evolving consumer habits, urbanization, and a preference for convenient shopping, making online sales a substantial and swiftly expanding segment in the global shrimp market.

Unlock Essential Insights: Discover the Key Takeaways for Actionable Information!
• Shrimp Market is expected to grow at a CAGR of 4.77% during the forecast period.
• Shrimp Market has a valuation of US$ 69.22 Billion as of 2029.
• Asia-Pacific currently holds the title of the largest Market for shrimp.
• Online sales channels provide a diverse array of options, allowing customers to explore and compare various shrimp.
• In terms of type, the cages segment claims the top spot in Shrimp Market share.
• When considering the sales channel, the portable shrimp retailers segment takes the lead in Market share.
• Focusing on the price range, the premium segment secures the highest Market share in the Shrimp Market.

Competitive Landscape
Tech Sci Research's Shrimp Market report provides customizable options tailored to meet the specific requirements of companies.

Recent Developments
• In June 2023, China-based Guolian Aquatic Products secured a $560 million financial boost from Saudi Arabia's Public Investment Fund (PIF) to expand its seafood trading operations. This partnership aims to enhance Guolian's presence in the seafood market while elevating the global reputation of Chinese shrimp products.
• In December 2022, Avanti Feeds initiated commercial operations at its new manufacturing plant in Andhra Pradesh, India, following an investment of $0.015 billion (INR 125 crore) to bolster production capacity. With a capacity of 1.75 lakh MT, the new facility increases Avanti Feeds' total shrimp feed production capacity to 7.75 lakh MT.

Major companies operating in Global Cosmetic Products Market are:
Thai Union Group PCL, Clearwater Seafoods, Avanti Feeds Limited, High Liner Foods, Surapon Foods Public Company Limited, Mazzetta Company, LLC, Aqua Star, Nordic Seafood A/S, The Waterbase Limited, Wild Ocean Direct

Market Segmentation for Shrimp Market:
• Shrimp Market, By Type:
 Pink
 White
 Brown
 Others
• Shrimp Market, By Form:
o Fresh / Chilled
o Frozen / Canned
o Processed
• Shrimp Market, By Sales Channel :
o Food Specialty Stores
o Online
o Hypermarkets/Supermarkets
o Others
• Shrimp Market, By Region:
o North America
 United States
 Canada
 Mexico
o Europe
 France
 United Kingdom
 Italy
 Germany
 Spain
o Asia-Pacific
 China
 India
 Japan
 Australia
 South Korea
 Indonesia
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Turkey
o South America
 Argentina
 Colombia
 Brazil

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Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Factor Influence Purchase Decision
4.2. Customer Satisfaction
5. Global Shrimp Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type Market Share Analysis (Pink, White Brown, Others)
5.2.2. By Form Market Share Analysis (Fresh / Chilled, Frozen / Canned, Processed)
5.2.3. By Sales Channel Market Share Analysis (Food Specialty Stores, Online, Hypermarkets/Supermarkets, Others)
5.2.4. By Regional Market Share Analysis
5.2.4.1. North America Market Share Analysis
5.2.4.2. Europe Market Share Analysis
5.2.4.3. Asia-Pacific Market Share Analysis
5.2.4.4. Middle East & Africa Market Share Analysis
5.2.4.5. South America Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2023)
5.3. Global Shrimp Market Mapping & Opportunity Assessment
5.3.1. By Type Market Mapping & Opportunity Assessment
5.3.2. By Form Market Mapping & Opportunity Assessment
5.3.3. By Sales Channel Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. North America Shrimp Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type Market Share Analysis
6.2.2. By Form Market Share Analysis
6.2.3. By Sales Channel Market Share Analysis
6.2.4. By Country Market Share Analysis
6.2.4.1. United States Shrimp Market Outlook
6.2.4.1.1. Market Size & Forecast
6.2.4.1.1.1. By Value
6.2.4.1.2. Market Share & Forecast
6.2.4.1.2.1. By Type Market Share Analysis
6.2.4.1.2.2. By Form Market Share Analysis
6.2.4.1.2.3. By Sales Channel Market Share Analysis
6.2.4.2. Canada Shrimp Market Outlook
6.2.4.2.1. Market Size & Forecast
6.2.4.2.1.1. By Value
6.2.4.2.2. Market Share & Forecast
6.2.4.2.2.1. By Type Market Share Analysis
6.2.4.2.2.2. By Form Market Share Analysis
6.2.4.2.2.3. By Sales Channel Market Share Analysis
6.2.4.3. Mexico Shrimp Market Outlook
6.2.4.3.1. Market Size & Forecast
6.2.4.3.1.1. By Value
6.2.4.3.2. Market Share & Forecast
6.2.4.3.2.1. By Type Market Share Analysis
6.2.4.3.2.2. By Form Market Share Analysis
6.2.4.3.2.3. By Sales Channel Market Share Analysis

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TechSci Research is a management consulting firm centered on research, offering global Market research and advisory solutions across various industries. The core principles guiding TechSci Research are value, integrity, and insight. With a team of dynamic industry experts at the helm, TechSci Research delivers high-value Market research and advisory services to clients worldwide. These services aid in identifying new Market opportunities, growth strategies, and innovative approaches to secure Market share. Consequently, TechSci's clients are positioned as leaders, pioneering Market trends rather than merely following them.

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