Shrimp market size to grow by USD 6,492.94 million between 2022 and 2027; Growth driven by the rising number of shrimp-based product launches - Technavio

NEW YORK, March 20, 2023 /PRNewswire/ -- The shrimp market size is estimated to increase by USD 6,492.94 million from 2022 to 2027, accelerating at a CAGR of 4.01% during the forecast period. The growth of the market is driven by the rising number of shrimp-based product launches, growing awareness about the health benefits of shrimp, and initiatives to increase shrimp production. The rising consumer awareness about the health benefits of shrimp has encouraged vendors to introduce new shrimp-based products. Successful product launches are helping vendors in increasing their revenue flow and market share. In June 2020, NETUNO USA launched a brand of gourmet shrimp meals called saute n serve for the retail arena. Similarly, In February 2020, Bristol Seafood launched a new line of Grab and Go seafood offerings through its My Fish Dish brand. Such an increase in product offerings by vendors is driving the growth of the market. Discover some insights on market size before buying the full report - Request a sample report

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.

Find Technavio's Exclusive Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

The addictions therapeutics market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below -

AFENTOULIS LIVERIS and SIA O.E., Apex Frozen Foods Ltd., Aqua Star, Beaver Street Fisheries Inc., Charoen Pokphand Foods PCL, Cooke Aquaculture Inc., Grand Ocean Seafoods Co. Ltd., GRUPO IBERICA CONGELADOS S.A., High Liner Foods Inc., Maruha Nichiro Corp., Mazzetta Co. LLC, Nissui Corp., Pacific Seafood Group, Premium Brands Holdings Corp., Seaprimexco, Surapon Foods Public Co. Ltd., Sykes Seafood Ltd., Thai Union Group PCL, The Waterbase Ltd., Wild Ocean Direct.

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Global Shrimp Market – Segmentation Analysis

• The market is segmented 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).
• Based on the product, the market growth will be significant in the frozen shrimp segment during the forecast period. The longer shelf life of frozen shrimp is one of the major factors driving the growth of the segment. Another factor driving the growth of the segment is the increasing import and export of frozen shrimp.
• APAC will account for 38% of the market growth during the forecast period. The increasing import of shrimp to Europe and various initiatives undertaken by vendors to increase shrimp production is driving the growth of the regional market. Also, increasing awareness among consumers about the various health benefits of shrimp is contributing to the growth of the shrimp market in APAC.

For Insights on the market dynamics & segmentations VIEW PDF SAMPLE!

Global Shrimp Market – Vendor Analysis

The global shrimp market is fragmented due to the presence of numerous regional and international vendors. Vendors are competing based on price and quality. The intense competition among vendors and declining profit margins are significant risk factors for vendors. Technological changes in curing, packaging, and transportation are also significant risk factors. Some of the key vendors covered in the report include:

• Aqua Star - The company offers shrimps such as Raw Easy-Peel Shrimp, Raw Peeled Tail-On Shrimp, and Raw Peeled Tail-Off Shrimp.
• Beaver Street Fisheries Inc. - The company offers shrimps such as vannamei whites, black tigers, and domestic shrimp.
• Cooke Aquaculture Inc. - The company offers shrimps under the brand, True North Seafood Co. Ltd.
• Pacific Seafood Group - The company offers shrimps such as Colossal Shrimp, Jumbo Shrimp, Garlic Butter Shrimp, and Salad Shrimp.

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• Analyzes competitor's offerings
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What are the key data covered in this shrimp market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the shrimp market between 2023 and 2027
• Precise estimation of the size of the shrimp market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the shrimp market industry across Europe, North America, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of shrimp market vendors

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Related Reports:

• The seafood market size is expected to increase to USD 107.74 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.54%. The rising consumer awareness about healthy nutrition is notably driving the seafood market growth, although factors such as depletion of sea species may impede the market growth.
• The fresh fish and seafood market size will grow up to 24.38 mn tons at a CAGR of 3.80% during 2021-2025. The rising awareness about benefits of seafood consumption is notably supporting the fresh fish and seafood market growth. However, illegal overfishing will hinder the market growth.

Browse through Technavio's Consumer Staples Market Reports

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global shrimp market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global shrimp market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Frozen shrimp - Market size and forecast 2022-2027
• Exhibit 34: Chart on Frozen shrimp - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Frozen shrimp - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Frozen shrimp - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Frozen shrimp - Year-over-year growth 2022-2027 (%)

• 6.4 Canned shrimp - Market size and forecast 2022-2027
• Exhibit 38: Chart on Canned shrimp - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Canned shrimp - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Canned shrimp - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Canned shrimp - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)
• Exhibit 47: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 48: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 50: Chart on Comparison by Distribution Channel
• Exhibit 51: Data Table on Comparison by Distribution Channel

• 7.3 Supermarket and hypermarket - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Supermarket and hypermarket - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Supermarket and hypermarket - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Supermarket and hypermarket - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Supermarket and hypermarket - Year-over-year growth 2022-2027 (%)

• 7.4 Convenience store - Market size and forecast 2022-2027
• Exhibit 56: Chart on Convenience store - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Convenience store - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Convenience store - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Convenience store - Year-over-year growth 2022-2027 (%)

• 7.5 Others - Market size and forecast 2022-2027
• Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Distribution Channel
• Exhibit 64: Market opportunity by Distribution Channel ($ million)
• Exhibit 65: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Spain - Market size and forecast 2022-2027
• Exhibit 99: Chart on Spain - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Spain - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Spain - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Apex Frozen Foods Ltd. 
• Exhibit 119: Apex Frozen Foods Ltd. - Overview
• Exhibit 120: Apex Frozen Foods Ltd. - Product / Service
• Exhibit 121: Apex Frozen Foods Ltd. - Key offerings

• 12.4 Aqua Star 
• Exhibit 122: Aqua Star - Overview
• Exhibit 123: Aqua Star - Product / Service
• Exhibit 124: Aqua Star - Key offerings

• 12.5 Beaver Street Fisheries Inc. 
• Exhibit 125: Beaver Street Fisheries Inc. - Overview
• Exhibit 126: Beaver Street Fisheries Inc. - Product / Service
• Exhibit 127: Beaver Street Fisheries Inc. - Key offerings

• 12.6 Cooke Aquaculture Inc. 
• Exhibit 128: Cooke Aquaculture Inc. - Overview
• Exhibit 129: Cooke Aquaculture Inc. - Product / Service
• Exhibit 130: Cooke Aquaculture Inc. - Key offerings

• 12.7 High Liner Foods Inc. 
• Exhibit 131: High Liner Foods Inc. - Overview
• Exhibit 132: High Liner Foods Inc. - Product / Service
• Exhibit 133: High Liner Foods Inc. - Key offerings

• 12.8 Maruha Nichiro Corp. 
• Exhibit 134: Maruha Nichiro Corp. - Overview
• Exhibit 135: Maruha Nichiro Corp. - Business segments
• Exhibit 136: Maruha Nichiro Corp. - Key news
• Exhibit 137: Maruha Nichiro Corp. - Key offerings
• Exhibit 138: Maruha Nichiro Corp. - Segment focus

• 12.9 Mazzetta Co. LLC 
• Exhibit 139: Mazzetta Co. LLC - Overview
• Exhibit 140: Mazzetta Co. LLC - Product / Service
• Exhibit 141: Mazzetta Co. LLC - Key offerings

• 12.10 Nissui Corp. 
• Exhibit 142: Nissui Corp. - Overview
• Exhibit 143: Nissui Corp. - Business segments
• Exhibit 144: Nissui Corp. - Key offerings
• Exhibit 145: Nissui Corp. - Segment focus

• 12.11 Pacific Seafood Group 
• Exhibit 146: Pacific Seafood Group - Overview
• Exhibit 147: Pacific Seafood Group - Product / Service
• Exhibit 148: Pacific Seafood Group - Key offerings

• 12.12 Premium Brands Holdings Corp. 
• Exhibit 149: Premium Brands Holdings Corp. - Overview
• Exhibit 150: Premium Brands Holdings Corp. - Business segments
• Exhibit 151: Premium Brands Holdings Corp. - Key offerings
• Exhibit 152: Premium Brands Holdings Corp. - Segment focus

• 12.13 Surapon Foods Public Co. Ltd. 
• Exhibit 153: Surapon Foods Public Co. Ltd. - Overview
• Exhibit 154: Surapon Foods Public Co. Ltd. - Product / Service
• Exhibit 155: Surapon Foods Public Co. Ltd. - Key offerings

• 12.14 Sykes Seafood Ltd. 
• Exhibit 156: Sykes Seafood Ltd. - Overview
• Exhibit 157: Sykes Seafood Ltd. - Product / Service
• Exhibit 158: Sykes Seafood Ltd. - Key offerings

• 12.15 Thai Union Group PCL 
• Exhibit 159: Thai Union Group PCL - Overview
• Exhibit 160: Thai Union Group PCL - Business segments
• Exhibit 161: Thai Union Group PCL - Key news
• Exhibit 162: Thai Union Group PCL - Key offerings
• Exhibit 163: Thai Union Group PCL - Segment focus

• 12.16 The Waterbase Ltd. 
• Exhibit 164: The Waterbase Ltd. - Overview
• Exhibit 165: The Waterbase Ltd. - Product / Service
• Exhibit 166: The Waterbase Ltd. - Key offerings

• 12.17 Wild Ocean Direct 
• Exhibit 167: Wild Ocean Direct - Overview
• Exhibit 168: Wild Ocean Direct - Product / Service
• Exhibit 169: Wild Ocean Direct - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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