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North America Shrimp Market Size, Share & Industry Trends Analysis Report By Source (Aquaculture, and Wild), By Distribution Channel (B2B, and B2C), By Form, By Species, By Country and Growth Forecast, 2023 - 2030

Publisher Knowledge Based Value (KBV) Research
Published Oct 31, 2023
Length 160 Pages
SKU # KBV18339199

Description

North America Shrimp Market Size, Share & Industry Trends Analysis Report By Source (Aquaculture, and Wild), By Distribution Channel (B2B, and B2C), By Form, By Species, By Country and Growth Forecast, 2023 - 2030


The North America Shrimp Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,146.9 kilo tonnes, showcasing a growth of 4.6% (2019-2022).

The popular and delectable crustacean shrimp has become a staple in the seafood industry, offering many culinary delights. The adoption of shrimp production as a thriving industry has been marked by remarkable growth over the past several decades. Shrimp, a versatile and delicious source of protein, has garnered a significant fan base.

The advancement of shrimp aquaculture techniques has been a game-changer. The industry's shift from predominantly wild-caught shrimp to farmed shrimp has allowed for increased production, control over quality, and reduced environmental impact. Shrimp farming has provided substantial economic opportunities for many countries in export revenues and job creation.

In addition, the growing awareness of sustainability and responsible sourcing has driven the adoption of certification programs such as the Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP), which ensure environmentally friendly and socially responsible shrimp production practices. Technological advancements in aquaculture have significantly improved shrimp production efficiency, disease management, and feed formulations. Evolving consumer preferences for healthier protein sources and sustainable choices have driven the demand for shrimp in the market.

Canada produced 0.9 million tonnes of fish and seafood, valued at 5.0 billion in 2020. In 2021, per household fish and seafood consumption in Canada reached Can$314. Fish and seafood per household consumption are expected to increase to Can$348.1 in 2026. Moreover, the increasing demand for shrimp in the regional food service industry is driven by consumer preferences for healthier and diverse menu options, a commitment to sustainability, the popularity of global and ethnic cuisine, and the ease of preparation. This trend is likely to continue as consumers' culinary interests evolve and their expectations for quality and sustainability increase. These factors are expected to help expand the market in the North America region.

The US market dominated the North America Shrimp Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $17,983.5 million by 2030. The Canada market is exhibiting a CAGR of 8.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 7.2% during (2023 - 2030).

Based on Source, the market is segmented into Aquaculture, and Wild. Based on Distribution Channel, the market is segmented into B2B, and B2C. Based on Form, the market is segmented into Green/ Head-on, Green/ Head-off, Peeled, Cooked, Breaded, and Others. Based on Species, the market is segmented into L. Vannamei, Trachipenaeus Curvirostris, Pleoticus Muelleri, Pandalus Borealis, P. Monodon, Acetes Japonicus, P. Chinensis, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thai Union Group PCL, Clearwater Seafoods, Avanti Feeds Limited, High Liner Foods, Surapon Foods Public Company Limited, Mazzetta Company, LLC, Aqua Star, Nordic Seafood A/S, The Waterbase Limited and Wild Ocean Direct

Scope of the Study

Market Segments covered in the Report:

By Source (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
  • Aquaculture
  • Wild
By Distribution Channel (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
  • B2B
  • B2C
By Form (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
  • Green/ Head-on
  • Green/ Head-off
  • Peeled
  • Cooked
  • Breaded
  • Others
By Species (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
  • L. Vannamei
  • Trachipenaeus Curvirostris
  • Pleoticus Muelleri
  • Pandalus Borealis
  • P. Monodon
  • Acetes Japonicus
  • P. Chinensis
  • Others
By Country (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Thai Union Group PCL
  • Clearwater Seafoods
  • Avanti Feeds Limited
  • High Liner Foods
  • Surapon Foods Public Company Limited
  • Mazzetta Company, LLC
  • Aqua Star
  • Nordic Seafood A/S
  • The Waterbase Limited
  • Wild Ocean Direct
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

160 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Shrimp Market, by Source
1.4.2 North America Shrimp Market, by Distribution Channel
1.4.3 North America Shrimp Market, by Form
1.4.4 North America Shrimp Market, by Species
1.4.5 North America Shrimp Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Shrimp Market
Chapter 5. North America Shrimp Market by Source
5.1 North America Aquaculture Market by Region
5.2 North America Wild Market by Region
Chapter 6. North America Shrimp Market by Distribution Channel
6.1 North America B2B Market by Country
6.2 North America B2C Market by Country
Chapter 7. North America Shrimp Market by Form
7.1 North America Green/ Head-on Market by Country
7.2 North America Green/ Head-off Market by Country
7.3 North America Peeled Market by Country
7.4 North America Cooked Market by Country
7.5 North America Breaded Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Shrimp Market by Species
8.1 North America L. Vannamei Market by Country
8.2 North America Trachipenaeus Curvirostris Market by Country
8.3 North America Pleoticus Muelleri Market by Country
8.4 North America Pandalus Borealis Market by Country
8.5 North America P. Monodon Market by Country
8.6 North America Acetes Japonicus Market by Country
8.7 North America P. Chinensis Market by Country
8.8 North America Others Market by Country
Chapter 9. North America Shrimp Market by Country
9.1 US Shrimp Market
9.1.1 US Shrimp Market by Source
9.1.2 US Shrimp Market by Distribution Channel
9.1.3 US Shrimp Market by Form
9.1.4 US Shrimp Market by Species
9.2 Canada Shrimp Market
9.2.1 Canada Shrimp Market by Source
9.2.2 Canada Shrimp Market by Distribution Channel
9.2.3 Canada Shrimp Market by Form
9.2.4 Canada Shrimp Market by Species
9.3 Mexico Shrimp Market
9.3.1 Mexico Shrimp Market by Source
9.3.2 Mexico Shrimp Market by Distribution Channel
9.3.3 Mexico Shrimp Market by Form
9.3.4 Mexico Shrimp Market by Species
9.4 Rest of North America Shrimp Market
9.4.1 Rest of North America Shrimp Market by Source
9.4.2 Rest of North America Shrimp Market by Distribution Channel
9.4.3 Rest of North America Shrimp Market by Form
9.4.4 Rest of North America Shrimp Market by Species
Chapter 10. Company Profiles
10.1 Thai Union Group PLC
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Clearwater Seafoods Corporation (Premium Brands Holdings Corporation)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Recent strategies and developments:
10.2.4.1 Acquisition and Mergers:
10.2.5 SWOT Analysis
10.3 Avanti Feeds Limited
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Recent strategies and developments:
10.3.4.1 Geographical Expansions:
10.3.5 SWOT Analysis
10.4 High Liner Foods
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 SWOT Analysis
10.5 Surapon Foods Public Company Limited.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 SWOT Analysis
10.6 Mazzetta Company, LLC
10.6.1 Company Overview
10.6.2 Recent strategies and developments:
10.6.2.1 Product Launches and Product Expansions:
10.6.3 SWOT Analysis
10.7 Aqua Star
10.7.1 Company Overview
10.7.2 Recent strategies and developments:
10.7.2.1 Product Launches and Product Expansions:
10.7.3 SWOT Analysis
10.8 Nordic Seafood A/S (Nissui Corporation)
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.6 SWOT Analysis
10.9 The Waterbase Limited
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Recent strategies and developments:
10.9.4.1 Product Launches and Product Expansions:
10.9.5 SWOT Analysis
10.10. Wild Ocean Direct
10.10.1 Company Overview
10.10.2 SWOT Analysis

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