According to a new report by Expert Market Research, the global shrimp market has reached a production volume of around 5.87 Million Tons in 2019 and is further expected to reach nearly 7.01 Million Tons by 2025.
Shrimp belongs to the group of arthropods and represents one of the most popular seafoods consumed across the world. It is highly nutritious and contains copper, zinc, sodium, selenium, magnesium, iron and vitamins such as A, B6, C, E and B12. In addition, it is also a good source of the carotenoid astaxanthin which has antioxidant and anti-inflammatory properties. Shrimp offers myriad health benefits such as weight management, improved bone and brain health and lowered risk of cardiovascular disease. Owing to the aforementioned benefits, shrimp forms a vital part of various cuisines and has emerged as a high-value product among consumers.
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The global demand for shrimp has witnessed fluctuating trends during the past five years. The global shrimp production declined in 2012, primarily in the markets of China, Thailand, Vietnam and Mexico. This was due to the prevalence of EMS disease (Early Mortality Syndrome) that originated in China. Nevertheless, the market witnessed a strong rebound in the year 2014, but a minor decline in 2015. According to a new report by Expert Market Research, the global shrimp market has reached a production volume of around 5.87 Million Tons in 2019 and is further expected to reach nearly 7.01 Million Tons by 2025. One of the major factors that has proved proactive in maintaining a stable market growth is consumers’ pursuit of a healthy lifestyle. Some of the other growth inducing factors include rapid urbanisation, improved cold storage facilities as well as its easy availability.
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Market breakup by Species:
1. Penaeus Vannamei
2. Penaeus Monodon
3. Macrobrachium Rosenbergii
4. Others
Market breakup by Shrimp Size:
1. Large Size
2. Medium Size
3. Small Size
4. Extra Small Size
Market breakup by Country:
1. China
2. Vietnam
3. India
4. Indonesia
5. Ecuador
6. Thailand
7. Others
Competitive Landscape & Supplier Analysis:
- Ma Yo Foods Co., Ltd
- United European Seafood Traders Ltd
- Mazzetta Company, LLC
- Seaprimexco Vietnam
- A B Golden Seafood
- Carson and Co.
- Sealicious Foods Co., Ltd
- Charoen Pokphand Foods PCL
- Ocean More Foods Co., Limited
- Grand Ocean Seafoods Co., Ltd
- Afentoulis Liveris & Co.
- Midseas Corp
- Others
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India Fish Market@ https://www.expertmarketresearch.com/reports/india-fish-market
Salmon Market@ https://www.expertmarketresearch.com/reports/salmon-market
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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