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Shrimp Balls Market Growth Statistics, Size Estimation, Emerging Trends, Outlook to 2030

03-14-2024 06:16 AM CET | Food & Beverage

Press release from: Transparency Market Research

Shrimp Balls Market Growth Statistics, Size Estimation,

The global shrimp balls market is expected to witness significant growth from 2020 to 2030, driven by factors such as increasing consumer demand for seafood-based snacks, growing awareness about the health benefits of shrimp, and the rising popularity of Asian cuisine worldwide.

Market Size and Growth

The global shrimp balls market was valued at US$ 68 Mn in 2020 and is projected to reach US$ 135 Mn by 2030, growing at a CAGR of 6.9% during the forecast period.
Asia Pacific is expected to dominate the market, followed by North America and Europe, owing to the high consumption of seafood in these regions.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ (๐”๐ฌ๐ž ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž ๐Œ๐š๐ข๐ฅ ๐ˆ๐ ๐Ÿ๐จ๐ซ ๐๐ฎ๐ข๐œ๐ค ๐‘๐ž๐ฌ๐ฉ๐จ๐ง๐ฌ๐ž) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81789&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Market Segmentation

By Product Type:
Traditional Shrimp Balls
Flavored Shrimp Balls
Organic Shrimp Balls

By Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online Retail

Regional Analysis

Asia Pacific:
China, Japan, and South Korea are the major consumers of shrimp balls in the region.

North America:
The United States and Canada are key markets due to the growing popularity of Asian cuisine.

Europe:
Countries like the UK, Germany, and France are witnessing a surge in demand for shrimp balls.

Market Drivers

Increasing consumer preference for healthy and convenient snacks.
Growing demand for exotic and ethnic cuisines.
Rising disposable income and changing lifestyles.

Market Challenges

Fluctuating prices of shrimp due to environmental factors.
Intense competition from other seafood snacks.

Market Trends

Introduction of innovative flavors and packaging.
Use of organic and sustainable shrimp.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/checkout.php?rep_id=81789<ype=S&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Competitive Landscape

Key players in the global shrimp balls market include:
I.T. Foods Industries Co., Ltd
Starfish Co., Ltd.
Thaveevong Industry Co., Ltd.
Thai Agri Foods Public Company Limited
Kenko Food Sdn Bhd
Fresh Fish del Ecuador Cia. Ltda.
Kim Sea Food Products
Huazhi-wang Enterprise Co., Ltd.
Fisherman's Choice.
P.T. Foods Processing Co. Ltd.
These companies are focusing on product innovation and strategic partnerships to expand their market presence.

Future Outlook

The global shrimp balls market is expected to witness steady growth, driven by the increasing popularity of seafood snacks and the introduction of new product variants.
Manufacturers are likely to focus on sustainable sourcing practices and eco-friendly packaging to attract environmentally conscious consumers.

Key Market Study Points

Consumer preferences and buying behavior.
Impact of COVID-19 on the market.
Regulatory landscape and import-export scenario.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก -

๐–๐š๐ฅ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ - https://www.prnewswire.com/news-releases/walnut-market-size-is-projected-to-reach-usd-11-1-billion-at-a-4-3-cagr-by-2031---transparency-market-research-inc-302032434.html

๐…๐ฎ๐ง๐œ๐ญ๐ข๐จ๐ง๐š๐ฅ ๐…๐ฅ๐จ๐ฎ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ - https://www.prnewswire.com/news-releases/functional-flour-market-worth-usd-147-3-billion-by-2031--at-7-6-cagr---report-by-transparency-market-research-inc-302024373.html

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

Transparency Market Research Inc.
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