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Global Shrimp Market is expected to be 6.7 Million Tonnes by 2024

Added: (Wed Mar 06 2019)

Pressbox (Press Release) - Shrimp is one of the most common and popular types of seafood consumed by the people across the world due to its high nutritional content. Shrimps are a moderate source of omega-3 fatty acids, high in protein and low in fat. Various studies around the world indicate favorable health benefits of shrimp consumption which include weight loss, hair growth, anti-aging, anti-cancer and prevention of cardiovascular diseases. Owing to these health benefits the demand for shrimps is increasing very rapidly. With increasing shrimps production, with the rising consumer purchasing power, the Global Shrimp Market is likely to witness significant growth in the next couple of years. In addition, the increasing trend of low fat and healthy food consumption also boost the growth of the shrimp market in the recent future. Global Shrimp Market is expected to be 6.7 Million Tonnes by the end of the year 2024.


The shrimp market has grown considerably over the years. Today, Shrimp business has become one of the most competitive among the global market. A number of regional and global players are now targeting consumers who are seeking healthy, low fat and high-quality marine products. For shrimp industry players; North America and Europe are the major markets as the per capita shrimp consumption is growing gradually among these regions. Sales of all types of shrimps are expected to increase in the forthcoming years owing to consumer preference for seafood and sweet taste globally.


Traditionally in the shrimp market, China, Thailand, India, Ecuador, Indonesia, Malaysia, Vietnam, and Bangladesh are among the world’s leading shrimp producing countries. East Asia is the prime site for the shrimp production where shrimps hatcheries and farms are concentrated. The shrimp species like L. vannamei, P. monodon, M. rosenbergii, also known as white shrimps, king prawn, Tiger shrimps, and whiteleg shrimp are some of the major shrimp species which are found in abundance in these East Asian countries. During the past few years, India has appeared as one of the leading shrimp producers and exporters. Adoption of Pacific white L. vannamei as the main shrimp species by India’s growing aquaculture industry is one of the major factors that help India to grow more into the shrimp market. India is among the largest exporter of white shrimp to the United States.

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