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2 billion in 2032, growing at a compound annual growth rate of 7.
5% between 2022 and 2032
.
In 2022, the revenue of this market will reach $56.
7 billion
.
7 billion
.
Due to the high nutritional value of shrimp and low protein content, customers have an increasing
demand for shrimp.
In addition, due to the rapid expansion of the economy and rising incomes, consumers are undergoing a "nutrition transition" from a high-carbohydrate diet to a high-protein diet
.
demand for shrimp.
In addition, due to the rapid expansion of the economy and rising incomes, consumers are undergoing a "nutrition transition" from a high-carbohydrate diet to a high-protein diet
.
Shrimp farmers around the world are adopting improved production techniques to protect the environment, increase year-round shrimp production, and outperform traditional production techniques, with higher
growth rates than ever before.
growth rates than ever before.
Key findings of the shrimp market study:
- The main growth-inducing factor of shrimp is its easy availability and high nutritional value
.
.
-India has become one of the leading exporters of shrimp to the United States and other countries, once again stimulating demand for shrimp products in emerging economies due to rising demand
for stable, disease-free shrimp.
for stable, disease-free shrimp.
-The U.
S.
shrimp market is expected to account for a significant portion
of global shrimp production.
S.
shrimp market is expected to account for a significant portion
of global shrimp production.
-The UK shrimp market is expanding
at an alarming rate.
It is expected to have a market share
of 23.
2% by 2032.
at an alarming rate.
It is expected to have a market share
of 23.
2% by 2032.
-Chinese companies are ensuring the use of recyclable, reusable and environmentally friendly food packaging cans
.
.
In recent years, wild shrimp fishing and aquaculture production have been basically equal, accounting for 65% of the global shrimp market in
2020.
In order to maintain the ecological balance, companies are focusing on the development of aquaculture to reduce the number of wild catches, and the market share of farmed shrimp is expected to increase
significantly in the future.
2020.
In order to maintain the ecological balance, companies are focusing on the development of aquaculture to reduce the number of wild catches, and the market share of farmed shrimp is expected to increase
significantly in the future.
