The Shrimps Industry: Market Size, Competitive Landscape, and Growth Potential

Shrimps Market size was valued at US$ 37.68 Bn. in 2021 and the total revenue is expected to grow at 9.21 % through 2022 to 2029, reaching nearly US$ 76.26 Bn.

Shrimps Market Overview: 

The competitive landscape of the Shrimps Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses' focus on the Shrimps market.

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Shrimps Market Scope:

This Shrimps market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Shrimps market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.

Shrimps Market Segmentation: 

by Shrimps Size

• Size 20
• Size 21-25
• Size 26-30
• Size 31-40
• Size 41-50
• Size 51-60
• Size 61-70
• Size 70.

by Type

• Farmed Shrimps
• Wild Shrimps

by Species

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Other

The global shrimp market is divided into Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and Other Species, based on species. In 2021, the Penaeus Vannamei market category had the highest share of%. Penaeus vannamei, also called white leg shrimp, is one of the most significant shrimp species grown in Indonesia. Due to a larger market, P. vannamei cultivation practices—which are extensive and exacting—have grown dramatically in recent years.

by Distribution Channel

• Indirect (business to business)
• Direct (business to consumer)

The global shrimp market is divided into two submarkets: indirect (business to business) and direct (business to consumer). During the projection year, it is anticipated that indirect sales of shrimp will be the most alluring route of distribution. By the end of 2021, the indirect sales category is anticipated to represent a reasonably high value share of 5.1% and is projected to experience a CAGR of 4.8% in terms of value. Over the course of the projection period, high shrimp consumption is anticipated to fuel the associated segment's revenue growth.

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Shrimps Market Key Players:  The following are the key players of the Shrimps market-

• Mazzetta Company, LLC
• Apex Frozen Foods Ltd.
• Seaprimexco Vietnam
• Liveris Afentoulis Co.
• Grand Ocean Seafoods Co., Ltd
• Charoen Pokphand Foods PCL
• Grupo Iberica Congelados, S.A
• Ocean More Foods Co., Limited
• SSF Limited
• BMR Groups
• Falcone Marine Exports
• Cooke Aquaculture Inc.
• Rich Products Crop,
• Thai Union Group PCL.
• Maruha Nichiro Corp
• Aqua star corp.
• Avanti feeds ltd
• Clearwater seafood’s Inc.
• Nordic seafood’s a/s
• Surapon foods

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Shrimps Market Regional Analysis:

The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.

COVID-19 Impact Analysis on Shrimps Market: The research also addresses the impact of COVID-19 on the Shrimps market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Shrimps Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Shrimps Market in the next years.

Key Questions Answered in the Shrimps Market Report are: 

  • What will be the CAGR of the Shrimps market during the forecast period (2021-2027)?
  • Which segment emerged as the leading segment in the Shrimps market?
  • Which are the prominent players in the Shrimps market?
  • What key trends are likely to emerge in the Shrimps market in the forecast period?
  • What will be the Shrimps market size by 2027?
  • Which company held the largest share in the Shrimps market in 2020?

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