LONDON--(BUSINESS WIRE)--The global shrimp market size is poised to grow by USD 7.6 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of over 5% during the forecast period. Request Free Sample Pages
Read the 121-page research report with TOC on "Shrimp Market Analysis Report by product (Frozen shrimp, Canned shrimp, and Others), distribution channel (Supermarkets and hypermarkets, Convenience stores, and Others), and geography (APAC, Europe, MEA, North America, and South America) 2019 - 2023".
The market is driven by the health benefits of shrimp. Also, the rise in shrimp-based product launches is anticipated to further boost the growth of the shrimp market.
Consumers are becoming aware of the various health benefits of shrimp, which is expected to increase the demand for shrimp products during the forecast period. They are a good source of protein and vitamin D, and are low in carbohydrate content and calories. Also, shrimp contains a carotenoid called astaxanthin, which is a powerful antioxidant that can help in reducing the signs of aging. Furthermore, shrimp contains high amounts of iron, which helps in increasing oxygen flow to muscles, providing strength and endurance. Therefore, the various health benefits of shrimp are expected to make shrimp products popular among consumers and aid market growth during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Shrimp Companies:
Cooke Aquaculture Inc.
Cooke Aquaculture Inc. operates its business through two segments, namely aquaculture, and fisheries. The company offers shrimp under the brands SEAJOY and Wanchese. In March 2019, the company announced the acquisition of All Seas Wholesale Inc. (All Seas Wholesale), a distributor of up to 40 species of fresh seafood, live shellfish, and frozen seafood products.
Maruha Nichiro Corp.
Maruha Nichiro Corp. has business operations under various segments, which include fisheries & aquaculture, trading segment, overseas business, processed foods, logistics, and others. The company offers shrimp under the brand, Maruha Nichiro.
Mazzetta Co. LLC
Mazzetta Co. LLC offers various seafood products, such as Atlantic cod, Atlantic salmon, Chilean sea bass, lobster, shrimp, mussels, crab, and tilapia, for retail as well as private-label vendors. The company offers shrimp under the brand, Oishii.
Rich Products Corp.
Rich Products Corp. offers various food products, such as toppings and icings, cakes and desserts, pizza, nut-free cookies, baker breads and rolls, and shrimp and seafood. The company offers shrimp under the brand, RICH'S.
Thai Union Group PCL
Thai Union Group PCL has business operations through various segments, namely ambient seafood; frozen and chilled seafood and related business; and pet food, value-added, and other business. The company offers shrimp under the brand, Chicken of the Sea.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Shrimp Product Outlook (Revenue, USD Million, 2019 - 2023)
- Frozen shrimp
- Canned shrimp
- Others
Shrimp Regional Outlook (Revenue, USD Million, 2019 - 2023)
- APAC
- Europe
- MEA
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Consumer Staples include:
Shrimp Feed Market – Shrimp Feed Market by type (grower, finisher, starter) and geography (the Americas, APAC, and EMEA).
Fish and Seafood Market in Romania – Fish and Seafood Market in Romania by product (fresh and chilled, ambient, frozen, and others) and distribution channel (supermarkets and hypermarkets, convenience stores, specialty stores, and others).
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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 10,000 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.
If you are interested in more information, please contact our media team at media@technavio.com.
