According to the latest report by IMARC Group, titled “Shrimp Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026”, the global shrimp market reached a volume of 8.12 million tons in 2020. Due to the above-mentioned factors, the market is expected to experience moderate growth during 2021-2026.
Shrimp is a decapod crustacean, belonging to the Malacostraca class, found on coasts and freshwater lakes and rivers. It is one of the most common and popular types of seafood consumed around the world. Shrimp are high in protein, selenium, phosphorus, iron, magnesium, antioxidants, omega-3 fatty acids, and vitamins, and have low amounts of saturated fat. As a result, shrimp help manage weight, improve heart health, lower blood pressure, etc.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Global Shrimp Market Trends:
The changing trend of consumers to switch from high calorie foods to high protein diet is mainly driving the shrimp market across the world. Additionally, processed and frozen shrimp products are generally affordable, easy to cook, durable, and readily available through multiple online and offline distribution channels. As a result, these food products are in high demand among active people with sedentary lifestyles and busy schedules. In addition, the emergence of biologic variants free of antibiotics and growth hormones is further driving the growth of the market. In addition, the growing involvement of many government agencies to encourage shrimp farming practices by providing tax breaks and incentives to farmers is expected to further increase the global shrimp market in the years to come.
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/prefeasibility-report-shrimp-processing-plant
Key market segmentation:
Breakdown by species:
• Penaeus vannamei
• Penaeus monodon
• Macrobrachium rosenbergii
Breakdown by distribution channel:
• Hypermarkets and supermarkets
• Convenience stores
• Hotels and restaurants
• Sold online
Distribution by size of shrimp:
Competitive landscape with key players:
The competitive landscape of the market has also been analyzed in the report along with the detailed profiles of major players.
Breakdown by region:
• Main producing regions
• Main consuming regions
Highlights of the report:
• Market performance (2015-2020)
• Market outlook (2021-2026)
• Impact of COVID-19 on the market
• Porter’s five forces analysis
• Historical, current and future market trends
• Market drivers and success factors
• SWOT analysis
• Market structure
• Value chain analysis
• Complete mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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