According to a new report, published by KBV research, The Global Shrimp Market size is expected to reach $106.7 billion by 2030, rising at a market growth of 6.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 6,301.0 kilo tonnes, experiencing a growth of 4.7% (2019-2022).
The Aquaculture segment is leading the Global Shrimp Market by Source in 2022; thereby, achieving a market value of $72.7 billion by 2030. One of the most prominent aspects of the growth in the shrimp market has been the transition from predominantly wild-caught shrimp to farmed shrimp. Aquaculture, or shrimp farming, has become the primary method of shrimp production. This shift has contributed to the consistent supply of shrimp and reduced the pressure on wild shrimp populations, promoting sustainability in the industry.
The B2C segment would experience a CAGR of 7.7% during (2023 - 2030). One of the primary drivers of the B2C growth in the shrimp market is changing consumer preferences. There is an increasing demand for convenient, ready-to-cook, value-added shrimp products. Consumers are looking for high-quality, healthy, and sustainable seafood options, and the B2C segment has adapted to meet these demands. The expansion of B2C segment has been significantly aided by the emergence of e-commerce and online retail platforms.
The Green/ Head-on segment generated the maximum revenue in the Global Shrimp Market by Form in 2022; thereby, achieving a market value of $32.3 billion by 2030. The green/head-on presentation of shrimp offers a unique and authentic culinary experience. Many consumers, especially in fine dining and seafood-centric establishments, appreciate the presentation of whole, unpeeled shrimp for its aesthetic and flavorful qualities. Cooking shrimp with the head and shell intact can infuse the dish with a rich and savory flavor that appeals to seafood enthusiasts.
The L. Vannamei segment is registering a CAGR of 4.9 % during the forecast period. One of the key factors contributing to the growth of Litopenaeus vannamei in the shrimp market is its relative resistance to some of the most devastating shrimp diseases, particularly compared to the previously dominant Penaeus monodon species. This resistance has led to a significant increase in its adoption in shrimp aquaculture.
The North America region dominated the Global Shrimp Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $25.1 billion by 2030. The Europe region would witness a CAGR of 5.5% during (2023 - 2030). Additionally, The Asia Pacific region is poised to grow at a CAGR of 6.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/shrimp-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
By Source (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
By Form (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
By Species (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
Companies Profiled
Unique Offerings 
