The global demand for shrimp has witnessed fluctuating trends during the past five years. The global shrimp production declined in 2012, primarily in the markets of China, Thailand, Vietnam and Mexico. This was due to the prevalence of EMS disease (Early Mortality Syndrome) that originated in China. Nevertheless, the market witnessed a strong rebound in the year 2014, but a minor decline in 2015. According to a new report by Expert Market Research, the global shrimp market has reached a production volume of around 5.87 Million Tons in 2019 and is further expected to reach nearly 7.01 Million Tons by 2025. One of the major factors that has proved proactive in maintaining a stable market growth is consumers’ pursuit of a healthy lifestyle. Some of the other growth inducing factors include rapid urbanisation, improved cold storage facilities as well as its easy availability.

Key findings from the report:

Different species of shrimp are penaeus vannamei, penaeus monodon, macrobrachium rosenbergii and others. In 2019, penaeus vannamei (or white-leg shrimp) represented the species with the highest production volumes. It was followed by penaeus monodon (or black tiger shrimp), macrobrachium rosenbergii and other species.

Various sizes of shrimp include large size (60 and above), medium size (40-60), small size (20-40) and extra-small size (below 20). In 2019, medium size shrimps dominated the market with the majority of market share.

Country-wise, China exhibited a clear dominance in the market with a share of around one-third of the total global shrimp production. Some of the other major markets include Vietnam, India, Indonesia, Ecuador, Thailand and Others.

Being fragmented in nature, the global shrimp market is surrounded by a number of players. Some of the top players include Mazzetta Company, LLC, Ma Yo Foods Co., Ltd, United European Seafood Traders Ltd, Carson and Co., Seaprimexco Vietnam, A B Golden Seafood, Ocean More Foods Co., Limited, Afentoulis Liveris & Co., Midseas Corp, Grand Ocean Seafoods Co., Ltd, Sealicious Foods Co., Ltd, and Charoen Pokphand Foods PCL, among others.

Expert Market Research has analysed the global shrimp market according to species, shrimp size, country and top players:

Market breakup by Species

Penaeus Vannamei

Penaeus Monodon

Macrobrachium Rosenbergii

Others

Market breakup by Shrimp Size

Large Size

Medium Size

Small Size

Extra Small Size

Market breakup by Country

China

Vietnam

India

Indonesia

Ecuador

Thailand

Others

Top players

Mazzetta Company, LLC

Ma Yo Foods Co., Ltd

United European Seafood Traders Ltd

Carson and Co.

Seaprimexco Vietnam

A B Golden Seafood

Ocean More Foods Co., Limited

Afentoulis Liveris & Co.

Midseas Corp

Grand Ocean Seafoods Co., Ltd

Sealicious Foods Co., Ltd

Charoen Pokphand Foods PCL

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