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Global Shrimp Market 2017-2021

Global Shrimp Market 2017-2021

About Shrimp

Shrimp is one of the most popular seafood varieties consumed worldwide owing to factors such as low in fat, rich source of nutrients like vitamin B12 and selenium, which are important for maintaining good health. contains a variety of other nutrients (like zinc, sodium, magnesium, iron, and vitamins A, B6, C, and E), and excellent source of carotenoid astaxanthin, which has antioxidant and anti-inflammatory properties. Thus, due to the many nutritional and health-associated aspects, this seafood variety forms an important part of various cuisines and is one of the most traded seafood. A variety of shrimps are available globally like white shrimp, brown shrimp, pink shrimp, rock shrimp, tiger shrimp, and others. Thus, the availability of a variety of shrimps is aiding the overall growth of the market.

Technavio’s analysts forecast the global shrimp market to grow at a CAGR of 5.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of global shrimp market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Shrimp Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AB GOLDEN SEAFOOD
  • Aqua Star
  • Carson & Company
  • Mazzetta Company
  • Rich Products Corporation
  • Thai Union Group
Other prominent vendors
  • Bumble Bee Seafoods
  • Wild Planet
  • Crown Prince
  • Wild Selections
  • Big Easy Foods
  • Sea Best
  • Gorton’s
  • Geisha
  • Roland Foods
  • Joe Patti's Seafood Company
  • Galveston Shrimp Company
  • Pacific Seafood
Market driver
  • New product launches
  • For a full, detailed list, view our report
Market challenge
  • Impact of shrimp processing industries on the environment
  • For a full, detailed list, view our report
Market trend
  • Launch of new shrimp varieties
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Shrimp Market 2017-2021

Technavio recognizes the following companies as the key players in the global shrimp market: AB GOLDEN SEAFOOD, Aqua Star, Carson & Company, Mazzetta Company, Rich Products Corporation, and Thai Union Group

Other Prominent Vendors in the market are: Bumble Bee Seafoods, Wild Planet, Crown Prince, Wild Selections, Big Easy Foods, Sea Best, Gorton’s, Geisha, Roland Foods, Joe Patti's Seafood Company, Galveston Shrimp Company, and Pacific Seafood.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Launch of new shrimp varieties. Many players are experimenting and coming up with new shrimp offerings based on new consumer trends. The vegan diet is now gradually becoming a part of the larger vegan lifestyle, which strongly favors animal rights and a concern for the environment. Many consumers across the globe have started following a vegan lifestyle and are staying away from animal origin products. They are opting for healthy substitutes for meat, dairy, and other traditional sources of protein and even perceive vegan diet to be healthier than a diet with meat-based products.”

According to the report, one of the major drivers for this market is New product launches. New product development, improved taste and versatility, and high levels of marketing support will increase the demand for products like shrimp in the market. Thus, several players are currently launching new shrimp ranges to expand their portfolio of shrimp products. For instance, in 2017, Guangdong Bai Da Science & Technology launched BD crispy shrimp line, which is basically dried shrimp (sold in places like bars, cinemas, and nightclubs), while Grupo Pescanova launched raw shrimp products like frozen vannamei tartar, ceviche, and carpaccio.

Further, the report states that one of the major factors hindering the growth of this market is Impact of shrimp processing industries on the environment. The overall production of shrimp waste from shrimp processing industries has increased during the last few years. Prolonged production of this biomaterial has resulted in environmental issues like:

• Waste collection

• Pollution

In addition to this, chemical processes release toxic chemicals (like hydrochloric acid, acetic acid, and sodium hydroxide) into the aquatic ecosystem as byproducts, which further destroys the aquatic flora and fauna. Thus, the impact of shrimp processing industries on the environment is one of the major drawbacks. However, currently, many researches show that heads, tails, and carapace of commercial shrimps provide a natural and cheap source of astaxanthin for the nutraceutical industry.

Companies Mentioned

AB GOLDEN SEAFOOD, Aqua Star, Carson & Company, Mazzetta Company, Rich Products Corporation, and Thai Union Group, Bumble Bee Seafoods, Wild Planet, Crown Prince, Wild Selections, Big Easy Foods, Sea Best, Gorton’s, Geisha, Roland Foods, Joe Patti's Seafood Company, Galveston Shrimp Company, and Pacific Seafood.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Global fish and seafood market
      • Table Global fish and seafood market 2016-2021 ($ billions)
  • Market landscape
    • Global shrimp market
      • Table Global shrimp market 2016-2021 ($ billions)
      • Table Shrimp: Top exporting countries globally in 2016
      • Table Types of shrimp based on cultivation
      • Table Types of shrimp by product type
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by storage type
    • Global shrimp market by storage type
      • Table Global shrimp market by storage type 2016 (%)
      • Table Global shrimp market by storage type 2021 (%)
    • Frozen shrimp
      • Table Global frozen shrimp market 2016-2021 ($ billions)
    • Canned shrimp
      • Table Global canned shrimp market 2016-2021 ($ billions)
    • Others
      • Table Global other shrimp market 2016-2021 ($ billions)
  • Market segmentation by distribution channel
    • Table Global shrimp market by distribution channel 2016 (%)
    • Supermarkets and hypermarkets
    • Convenience stores
    • Others
  • Regional landscape
    • Global shrimp market by geography
      • Table Global shrimp market by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - market size & forecast
      • Table Americas - market size & forecast 2016-2021 ($ billions)
      • Table Americas - Year over year growth 2016-2021 (%)
    • EMEA - market size & forecast
      • Table EMEA - market size & forecast 2016-2021 ($ billions)
      • Table EMEA - Year over year growth 2016-2021 (%)
    • APAC - market size & forecast
      • Table APAC - market size & forecast 2016-2021 ($ billions)
      • Table APAC - Year over year growth 2016-2021 (%)
    • Key leading countries
      • Table Key leading countries in 2016
    • US
      • Table Shrimp market in US 2016-2021 ($ billions)
    • Japan
      • Table Shrimp market in Japan 2016-2021 ($ billions)
    • China
      • Table Shrimp market in China 2016-2021 ($ billions)
    • Spain
      • Table Shrimp market in Spain 2016-2021 ($ billions)
    • France
      • Table Shrimp market in France 2016-2021 ($ billions)
    • UK
      • Table Shrimp market in UK 2016-2021 ($ millions)
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Product recalls over last few years
      • Table Country-wise natural disasters by type in 2015
  • Market trends
    • Launch of new shrimp varieties
    • Growing inclination toward Fairtrade shrimps
    • Increasing demand for organic shrimp
  • Vendor landscape
    • Competitive scenario
      • Table Strategies adopted by players
    • Competitive assessment
      • Table Competitive assessment
  • Key vendor analysis
    • AB GOLDEN SEAFOOD
      • Table AB GOLDEN SEAFOOD: Product offerings
    • Aqua Star
      • Table Aqua Star: Product offerings
      • Table Aqua Star: Recent developments
    • Carson & Company
      • Table Carson & Company: Product offerings
    • Mazzetta Company
      • Table Mazzetta Company: Product offerings
      • Table Mazzetta Company: Recent developments
    • Rich Products Corporation
      • Table Rich Products Corporation: Product offerings
      • Table Rich Products Corporation: Recent developments
    • Thai Union Group
      • Table Segmentation by business category 2016 (%)
      • Table Segmentation by geography 2016 (%)
      • Table Thai Union Group: Product offerings
      • Table Thai Union Group: Recent developments
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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