Shrimp Market

Report Description
Shrimps are considered as the most lucrative sea food product. Shrimp contains high
protein content with essential vitamins and minerals, and low fat. It is a moderate source
of omega-3 fatty acids, with an antioxidant and anti-inflammatory properties. Shrimp
products have emerged as high value species or luxury products with high appeal among
consumers. The high demand of shrimps can be attributed to its high nutritional value,
growth in the aquaculture industry, and rising health consciousness regarding valueadded
fish products.
Market Dynamics of Shrimp Market:
The growth of shrimp market is expected to elevate with improved cold storage facilities,
rapid urbanization, rise in average disposable income. Shrimp market has captured high
demand from the catering or restaurant sector. Due to the increased demand,
restaurants across the world prefer to provide shrimp as a part of their regular menu,
which has significantly contributed to the increased revenue of shrimp market. However,
the possibility of shrimps to get affected by viruses and diseases such as white spot
disease and EMS (early mortality syndrome) cause an adverse impact on the growth of
global shrimp market. On the other side in terms of trends, the shrimps are gaining
paramount importance with the growing health consciousness among consumers.
Consumers demand healthy and low fat food, and for that shrimps serves as lucrative
alternative. Although the shrimp market possess significant growth potential, factors
such as increased prices of raw materials pose serious concern for shrimp companies.
Increased raw material cost raises the cost of aquaculture, which consequently brings a
limit to the overall growth of global shrimp market.