Shrimp Market Size, Industry Analysis Report By Source (Frozen, Canned), By Source (Cold water, Hot water) & Region – Forecast

  • 06/12/2022
  • 245
  • Food & Beverages
The Global Shrimp Market: Overview
The Global Shrimp Market is valued at around USD 65.9 Billion in 2022 and is expected to reach USD 117.2 Billion by 2030, registering a CAGR of 3.5% over the forecast period. Omega-3 fatty acids, which are abundant in shrimp, can help people lose weight, lower blood pressure, improve bone and brain health, relieve eye fatigue, and lower their chance of developing cardiovascular diseases. It is also high in protein and very low in fat.

The Global Shrimp Market - Growth Factor
The growing health consciousness and consumer awareness of the many advantages of eating shrimp as a nutritious meal are the main factors driving the global shrimp market. Additionally, the market expansion is being fuelled by the growing use of shrimp in the food and beverage (F&B) industry to prepare a variety of unique seafood meals as a result of increased disposable incomes and consumer spending power, particularly in emerging economies. In addition, shrimp shells have anti-aging and antimicrobial properties as well as carotenoids that help to protect skin from ultraviolet (UV) rays, improve skin texture, and lessen hair loss, making them an advantageous ingredient in the pharmaceutical sector's production of a variety of cosmetic and personal care products, such as creams and shampoos.

The Global Shrimp Market – Market Trends
• Customer demand for shrimp is growing as a result of its high nutritional value and low-fat protein.
• In addition, as a result of rapid economic expansion and rising income, consumers are undergoing a ""nutrition transition"" and converting from a diet high in carbohydrates to one higher in proteins.
• As a result, shrimp farmers all over the world are implementing improved production techniques that protect the environment, increase year-round shrimp production, and outperform the conventional ones.
• The popularity of shrimp as a rich source of omega-3 has increased due to the rise in pescatarians and flexitarians, who have also established the market's growth trend.

The Global Shrimp Market – Segmentation
The Global Shrimp Market fragrance concentrates market has been sub-classified into source, from.

On the basis of source, the Global Shrimp Market is bifurcated into:
• Cold water
• Hot water

On the basis of form, the market is segmented into:
• Frozen
• Canned
• Others

The Global Shrimp Market –Regional Analysis
Asia-Pacific dominated the global Shrimp Market, having a share of more than 50% in the shrimp sector in 2021. Over the forecast period, it is anticipated to maintain its dominance and expand at a solid CAGR of 4.9%. In terms of shrimp production, imports, and exports worldwide, Asia Pacific is a significant region that holds the top three spots.

The Global Shrimp Market – Key Market players
Global key players of Global Shrimp Market 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; Wild Oceans, and others.

Report Scope
Global Shrimp Market: Historical Years- 2018-2021
Global Shrimp Market: Forecast Years- 2022-2030
Global Shrimp Market 2022- USD 65.9 Billion
Global Shrimp Market 2030- USD 117.2 Billion
Global Shrimp Market CAGR- 3.5%

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process

We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Select a license type that suits your business needs

Single User Access

US $4750

Only Four Thousand Seven Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $5750

Only Five Thousand Seven Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $7750

Only Seven Thousand Seven Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI