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Global Shrimp Market 2019-2023

Global Shrimp Market 2019-2023

Global Shrimp Market: About this market

Shrimp is a good source of protein and vitamin D and is one of the most popular seafood consumed globally. Technavio’s shrimp market analysis considers sales from the frozen shrimp, canned shrimp, and other segments, through supermarkets and hypermarkets, convenience stores, and others. Our analysis also considers the sales of shrimp in APAC, Europe, MEA, North America, and South America. In 2018, the frozen shrimp segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the rising import and export of frozen shrimps and increasing new product launches will significantly help the market segment in maintaining its leading position. Also, our global shrimp report has observed market growth factors such as the health benefits of shrimp, product launches, and initiatives to increase shrimp production. However, product contamination and rising product recall, the growing popularity of plant-based shrimp, and environmental impact of shrimp aquaculture may hamper the growth of the shrimp industry over the forecast period.

Global Shrimp Market: Overview

Health benefits of shrimp

Rising awareness among consumers about the health benefits of shrimp products is driving the global shrimp market growth. Shrimp products contain a high amount of iron, protein, and various vitamins. It is also a good source of zinc and vitamin D. The high nutritional value is increasing the demand for shrimp, driving sales. As a result, the market will record a substantial growth at a CAGR of over 5% during the forecast period.

Rising shrimp-based product launches

Vendors are responding to the increasing demand for shrimp products owing to their health benefits and are constantly launching new shrimp-based offerings. As a result, sales will increase. Therefore, this trend will have a positive impact on the overall market growth over the forecast period.

For the detailed list of factors that will drive the global shrimp market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global shrimp market is fragmented. Technavio’s robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading shrimp manufacturers, which include Cooke Aquaculture Inc., Maruha Nichiro Corp., Mazzetta Co. LLC, Rich Products Corp., and Thai Union Group PCL.

Also, the shrimp market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


Companies Mentioned

Cooke Aquaculture Inc., Maruha Nichiro Corp., Mazzetta Co. LLC, Rich Products Corp., and Thai Union Group PCL.

  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendors product overview
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global seafood market
      • Table Segments of global seafood market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Frozen shrimp - Market size and forecast 2018-2023
      • Table Frozen shrimp - Market size and forecast 2018-2023 ($ millions)
      • Table Frozen shrimp - Year-over-year growth 2019-2023 (%)
    • Canned shrimp - Market size and forecast 2018-2023
      • Table Canned shrimp - Market size and forecast 2018-2023 ($ millions)
      • Table Canned shrimp - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by distribution channel
    • Table Market share by distribution channel – 2018 (%)
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision Framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing merger and acquisition activities
    • Growing import and export of shrimps
    • Rising shrimp-based product launches
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Cooke Aquaculture Inc.
      • Table Cooke Aquaculture Inc. - Vendor overview
      • Table Cooke Aquaculture Inc. - Business segments
      • Table Cooke Aquaculture Inc. - Organizational developments
      • Table Cooke Aquaculture Inc. - Key offerings
    • Maruha Nichiro Corp.
      • Table Maruha Nichiro Corp. - Vendor overview
      • Table Maruha Nichiro Corp. - Business segments
      • Table Maruha Nichiro Corp. - Organizational developments
      • Table Maruha Nichiro Corp. - Segment focus
      • Table Maruha Nichiro Corp. - Key offerings
    • Mazzetta Co. LLC
      • Table Mazzetta Co. LLC - Vendor overview
      • Table Mazzetta Co. LLC - Product segments
      • Table Mazzetta Co. LLC - Key offerings
    • Rich Products Corp.
      • Table Rich Products Corp. - Vendor overview
      • Table Rich Products Corp. - Product segments
      • Table Rich Products Corp. - Organizational developments
      • Table Rich Products Corp. - Key offerings
    • Thai Union Group PCL
      • Table Thai Union Group PCL - Vendor overview
      • Table Thai Union Group PCL - Business segments
      • Table Thai Union Group PCL - Organizational developments
      • Table Thai Union Group PCL - Geographic focus
      • Table Thai Union Group PCL - Segment focus
      • Table Thai Union Group PCL - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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