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Shrimp Market Size
- Report ID: GMI7166
- Published Date: Oct 2023
- Report Format: PDF
Shrimp Market Size
Shrimp Market was valued at USD 72.6 billion in 2023 and is estimated to record a CAGR of over 6.6% during 2024 to 2032. Shrimp's popularity as a versatile and cost-effective source of high protein is one of the main factors driving demand. Shrimp is widely used in many cuisines due to its mild flavor and adaptability, and it is also simple to prepare in a variety of dishes like shrimp scampi, shrimp cocktails, and sushi. Demand for this seafood item has also increased as a result of consumers' rising awareness of the health advantages of shrimp, particularly its high protein and low-calorie content.
Seafood products, such as tuna, salmon, and cod, are popular among consumers and can be less expensive than shrimp. Furthermore, some consumers may prefer the flavor or texture of other seafood products to shrimp. Shrimp faces competition from plant-based seafood alternatives, in addition to other seafood products. These alternatives are gaining popularity, particularly among consumers seeking more sustainable or ethical food options.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Shrimp Market Size in 2023: | 72.64 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 6.6% |
| 2032 Value Projection: | 130.05 Billion |
| Historical Data for: | 2018 – 2022 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 293 |
| Segments covered: | type, form, end-use, and distribution channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Shrimp Market Scope
