The Shrimps Market size was valued at US$ 41.15 Bn. in 2022 and the total revenue is expected to grow at 9.21 % through 2023 to 2029, reaching nearly US$ 76.26 Bn.
Shrimps Market Overview:
Maximize Market Research (MMR) conducts an in-depth analysis of the global Shrimps Market, examining each sector and taking into account both global and regional trends. The report ensures a balanced market overview by extensively covering the primary drivers and significant restraints. To offer readers a comprehensive understanding of the Shrimps Market, the report is organized into distinct sections, encompassing Products, Applications, Retailers, and Regions. Furthermore, the report provides long-term industry forecasts for the global Shrimps Market, allowing for informed decision-making.
Shrimps Market Scope
This report provides an extensive analysis of the Shrimps Market, encompassing its presence at country, regional, and global levels. The regional analysis offers insights into the Shrimps Market's penetration, competitive landscape, and demand dynamics at the local, regional, and global scales. The data utilized in this analysis is obtained through a combination of primary and secondary research methods. The primary research methods involve surveys, telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals. Secondary data, sourced from reliable and selected references, includes official databases from various organizations, industry journals, white papers, and annual reports, ensuring the reliability of the obtained insights.
Shrimps Market Dynamics:
Shrimp is frequently used in dietary supplements to make up for inadequate protein intake by customers. Since marine food is the best source of protein available, consumption of prawns is rising dramatically as consumers boost their protein intake. People are becoming increasingly conscious of the advantages of consuming wholesome foods and living healthy lifestyles all over the world. Health-conscious customers emphasise exercise and weight management in order to reduce their chance of developing conditions including diabetes, high cholesterol, blood pressure, and heart disease.
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Segmentation:
by Shrimps Size
Size <20
Size 21-25
Size 26-30
Size 31-40
Size 41-50
Size 51-60
Size 61-70
Size >70.
by Type
Farmed Shrimps
Wild Shrimps
by Species Penaeus Vannamei
Penaeus Monodon
Macrobrachium Rosenbergii
Other
by Distribution Channel
Indirect (business to business)
Direct (business to consumer)
The global prawn market is divided into Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and Other Species, based on species. In 2022, the Penaeus Vannamei market sector had the highest market share of xx%. Penaeus vannamei, also called white leg shrimp, is one of the most significant shrimp species grown in Indonesia. Due to a larger market, P. vannamei cultivation practices—which are extensive and exacting—have grown dramatically in recent years.
Shrimps Market Key Players are:
1. Mazzetta Company, LLC
2. Apex Frozen Foods Ltd.
3. Seaprimexco Vietnam
4. Liveris Afentoulis & Co.
5. Grand Ocean Seafoods Co., Ltd
6. Charoen Pokphand Foods PCL
7. Grupo Iberica Congelados, S.A
8. Ocean More Foods Co., Limited
9. SSF Limited
10. BMR Groups
11. Falcone Marine Exports
12. Cooke Aquaculture Inc.
13. Rich Products Crop,
14. Thai Union Group PCL.
15. Maruha Nichiro Corp
16. Aqua star corp.
17. Avanti feeds ltd
18. Clearwater seafood’s Inc.
19. Nordic seafood’s a/s
20. Surapon foods
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Regional Analysis
The report offers a comprehensive analysis of the growth pattern of the global Shrimps Market, providing detailed insights into its trajectory. It focuses on the most influential regions in the Shrimps Market, including North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which collectively have a global impact. The forecast of the Shrimps Market for each country incorporates significant indicators such as consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and value chain analysis. These indicators play a vital role in understanding the market dynamics and predicting its future trends.
Key Questions answered in the Shrimps Market Report are:
What is the Shrimps Market?
What is the forecast period of the Shrimps Market?
What is the competitive scenario of the Shrimps Market?
Which region held the largest market share in the Shrimps Market?
What are the opportunities for the Shrimps Market?
What are the restraining factors in the Shrimps Market?
Who are the key players of the Shrimps Market?
Key offerings:
Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth Drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis of Shrimps Market
Landscape- Leading key players and other prominent key players.
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