Global Shrimp Market
                     Global Shrimp Market Business Segmentation By Revenue And Structure Forecast 2027
Market Overview
Shrimps are classified as decapod crustaceans that play important roles in the food chain and are an 
important food source for larger animals ranging from fish to whales. Humans consume the 
muscular tails of several shrimp that are widely caught and farmed for consumption. Around 20% 0f
the species are commercially significant that include Whiteleg, giant tiger prawn, akiami paste 
shrimp, southern rough shrimp, and others. Based on their categorization of presentation, grading, 
colour, and uniformity, most shrimp are sold frozen and marketed for high levels of omega-3 fatty 
acids and low levels of mercury along with proteins, vitamin A and B6, B12, C and E, thiamin, 
riboflavin, niacin, phosphorous, copper, choline, iodine, and astaxanthin. Furthermore, it has anti-
inflammatory, anti-ageing, and anti-cancer properties. Chitosan from shrimp shells has a range of 
application in pharmaceuticals, agrochemicals, cosmetics, and in water treatments. Pigments such 
as carotenoids and astaxanthin are obtained from shrimp waste and is widely used in the 
pharmaceutical industry.
High nutritional benefits of shrimp along with increasing applications of chitosan and pigments 
obtained from shrimp are driving growth of the shrimp market. Moreover, growing consumption of 
seafood and increasing aquaculture industry are further fuelling growth of the shrimp market. For 
instance, according to United Nations Food and Agriculture Organization (UN FAO) survey in July 
2016, the global per capita seafood consumption increased above 20 kg per person per year.
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Market Dynamics
Increasing demand for seafood along with growing aquaculture industry are the major factors, 
aiding in the market growth. According to the Food and Agriculture Organization of the United 
States (FAO), global aquaculture production of fish had increased to 44.1 % in 2014 from 42.1% in 
2012 of total production. Further, benefits associated with shrimps consumption includes reduced 
risk of cardiovascular disease, weight management, and improved brain and bone health. These are 
the factors largely supporting growth of the global shrimp market.
Detailed Segmentation:
•Global Shrimp Market, By Source Type:
•Cold Water Shrimps
•Hot Water Shrimps
•Global Shrimp Market, By Species:
•Gulf Shrimps
•Farmed Whiteleg Shrimps
•Banded Coral Shrimps
•Giant Tiger Shrimps
•Blue Shrimps
•Ocean Shrimps
•Royal Red Shrimps
Major players operating in the global shrimp market are Pacific Seafood, Morubel nv, Maruha 
Nichiro Corporation, The Clover Leaf Seafoods Family, Royal Greenland A/S, Rich Products 
Corporation, Thai Union Group PCL, Marvesta Shrimp Farms, Cargill, Incorporated, and Nippon 
Suisan Kaisha Ltd.
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