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Global Frozen Shrimp Market Size Study, by Application (Food, Pharmaceuticals, Cosmetics, Industrial, Biotechnology), by Source (Conventional, Organic), by Distribution Channel (Supermarkets/Hypermarkets, Departmental Stores, B2B, Online Sales Channel), and Regional Forecasts 2022-2032

August 2024 | 200 pages | ID: GDCB7F3CBA54EN
Bizwit Research & Consulting LLP

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Global Frozen Shrimp Market is valued at approximately USD 10.72 Billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.3% over the forecast period 2024-2032. Frozen shrimp, harvested, processed, and rapidly frozen at low temperatures, maintains its freshness and flavor by halting bacterial growth. This preservation method allows extended storage without compromising taste or texture, making frozen shrimp a popular year-round seafood choice that retains its nutritional value. The increasing demand for convenient food options significantly drives the frozen shrimp market growth. According to the National Fisheries Institute, shrimp is the most consumed seafood in the United States, with an average annual consumption exceeding 4 pounds per capita. Frozen shrimp undergo rigorous quality control measures to ensure safety, enhancing its appeal to consumers.

The market's expansion is fueled by the rising consumer preference for lean protein sources like seafood, driven by growing health consciousness and awareness of the benefits of omega-3 fatty acids. The increasing popularity of international cuisines featuring shrimp, the convenience of frozen shrimp with its longer shelf life, and ease of preparation are pivotal in driving market growth. The food service industry, encompassing restaurants, cafeterias, and catering services, significantly contributes to the demand for frozen shrimp, providing a steady supply for diverse culinary applications. Furthermore, the growing demand for frozen shrimp is bolstered by health-conscious consumers seeking nutritious options, with shrimp being a rich source of essential nutrients like omega-3 fatty acids, vitamins, and minerals.

The convenience and versatility of frozen shrimp, offering minimal preparation time and adaptable cooking methods, appeal to busy individuals and families, driving its market success. However, seasonal fluctuations in shrimp supply pose a restraint due to inconsistent availability, impacting market stability and consumer confidence. The introduction of sustainably sourced and organic frozen shrimp creates significant market opportunities, addressing the growing demand for environmentally friendly and ethically sourced seafood. Collaborations and certifications validating the sustainability of these products enhance consumer trust and market share.

The key regions considered for the Global Frozen Shrimp Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Europe emerged as the leading region in the frozen shrimp market in 2022, driven by robust consumer demand and a strong seafood culture. The region's dominance is attributed to a combination of high disposable income, an established culinary tradition that frequently incorporates shrimp, and extensive distribution networks that ensure a steady supply of frozen shrimp. European consumers' growing preference for convenient and healthy food options has further bolstered the market. Additionally, stringent food safety regulations and quality standards in Europe enhance consumer confidence in frozen shrimp products, contributing to the region's substantial market share. The Asia-Pacific region is anticipated to be the fastest-growing market for frozen shrimp during the forecast period. This rapid growth is fueled by increasing urbanization, rising disposable incomes, and a burgeoning middle class that is progressively inclined towards premium and convenient food products, including seafood. Countries such as China, India, and Japan are witnessing a surge in demand for frozen shrimp due to their rich culinary traditions that favor seafood and the expanding food service industry. Furthermore, the region benefits from extensive aquaculture operations, which ensure a consistent supply of shrimp, thus supporting market expansion. The combination of these factors positions Asia-Pacific as a dynamic and rapidly growing market in the global frozen shrimp industry.


Major market players included in this report are:
SeaPak Shrimp Company
Toyo Suisan Kaisha
High Liner Foods
Aqua Star Corp.
Maruha Nichiro Corporation
Nippon Suisan Kaisha
Thai Union Group
Clearwater Seafoods
Mazzetta Company
Beaver Street Fisheries
Grupo Pescanova
Omarsa
Surapon Foods
Ocean Beauty Seafoods
Sajo Industries

The detailed segments and sub-segment of the market are explained below:
By Application:
Food
Pharmaceuticals
Cosmetics
Industrial
Biotechnology

By Source:
Conventional
Organic

By Distribution Channel:
Supermarkets/Hypermarkets
Departmental Stores
B2B
Online Sales Channel

By Region:
North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL FROZEN SHRIMP MARKET EXECUTIVE SUMMARY

1.1. Global Frozen Shrimp Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Application
  1.3.2. By Source
  1.3.3. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL FROZEN SHRIMP MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL FROZEN SHRIMP MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Demand for Convenient Food Options
  3.1.2. Rising Popularity of International Cuisines
  3.1.3. Growth of the Food Service Industry
3.2. Market Challenges
  3.2.1. Seasonal Fluctuations in Shrimp Supply
  3.2.2. Variability in Quality and Freshness
3.3. Market Opportunities
  3.3.1. Sustainable and Organic Sourcing
  3.3.2. Partnerships and Certifications
  3.3.3. Health Awareness and Nutritional Value

CHAPTER 4. GLOBAL FROZEN SHRIMP MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL FROZEN SHRIMP MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

5.1. Segment Dashboard
5.2. Global Frozen Shrimp Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Food
  5.2.2. Pharmaceuticals
  5.2.3. Cosmetics
  5.2.4. Industrial
  5.2.5. Biotechnology

CHAPTER 6. GLOBAL FROZEN SHRIMP MARKET SIZE & FORECASTS BY SOURCE 2022-2032

6.1. Segment Dashboard
6.2. Global Frozen Shrimp Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Conventional
  6.2.2. Organic

CHAPTER 7. GLOBAL FROZEN SHRIMP MARKET SIZE & FORECASTS BY DISTRIBUTION CHANNEL 2022-2032

7.1. Segment Dashboard
7.2. Global Frozen Shrimp Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Supermarkets/Hypermarkets
  7.2.2. Departmental Stores
  7.2.3. B2B
  7.2.4. Online Sales Channel

CHAPTER 8. GLOBAL FROZEN SHRIMP MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Frozen Shrimp Market
  8.1.1. U.S. Frozen Shrimp Market
    8.1.1.1. Application breakdown size & forecasts, 2022-2032
    8.1.1.2. Source breakdown size & forecasts, 2022-2032
    8.1.1.3. Distribution Channel breakdown size & forecasts, 2022-2032
  8.1.2. Canada Frozen Shrimp Market
8.2. Europe Frozen Shrimp Market
  8.2.1. UK Frozen Shrimp Market
  8.2.2. Germany Frozen Shrimp Market
  8.2.3. France Frozen Shrimp Market
  8.2.4. Spain Frozen Shrimp Market
  8.2.5. Italy Frozen Shrimp Market
  8.2.6. Rest of Europe Frozen Shrimp Market
8.3. Asia-Pacific Frozen Shrimp Market
  8.3.1. China Frozen Shrimp Market
  8.3.2. India Frozen Shrimp Market
  8.3.3. Japan Frozen Shrimp Market
  8.3.4. Australia Frozen Shrimp Market
  8.3.5. South Korea Frozen Shrimp Market
  8.3.6. Rest of Asia Pacific Frozen Shrimp Market
8.4. Latin America Frozen Shrimp Market
  8.4.1. Brazil Frozen Shrimp Market
  8.4.2. Mexico Frozen Shrimp Market
  8.4.3. Rest of Latin America Frozen Shrimp Market
8.5. Middle East & Africa Frozen Shrimp Market
  8.5.1. Saudi Arabia Frozen Shrimp Market
  8.5.2. South Africa Frozen Shrimp Market
  8.5.3. Rest of Middle East & Africa Frozen Shrimp Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. SeaPak Shrimp Company
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Toyo Suisan Kaisha
  9.3.3 High Liner Foods
  9.3.4. Aqua Star Corp.
  9.3.5. Maruha Nichiro Corporation
  9.3.6. Nippon Suisan Kaisha
  9.3.7. Thai Union Group
  9.3.8. Clearwater Seafoods
  9.3.9. Mazzetta Company
  9.3.10. Beaver Street Fisheries
  9.3.11. Grupo Pescanova
  9.3.12. Omarsa
  9.3.13. Surapon Foods
  9.3.14. Ocean Beauty Seafoods
  9.3.15. Sajo Industries

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Frozen Shrimp market, report scope
TABLE 2. Global Frozen Shrimp market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Frozen Shrimp market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 4. Global Frozen Shrimp market estimates & forecasts by Source 2022-2032 (USD Billion)
TABLE 5. Global Frozen Shrimp market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Frozen Shrimp market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Frozen Shrimp market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Frozen Shrimp market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Frozen Shrimp market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Frozen Shrimp market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Frozen Shrimp market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Frozen Shrimp market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Frozen Shrimp market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Frozen Shrimp market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Frozen Shrimp market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Frozen Shrimp market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Frozen Shrimp market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Frozen Shrimp market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Frozen Shrimp market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Frozen Shrimp market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Frozen Shrimp market, research methodology
FIG 2. Global Frozen Shrimp market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Frozen Shrimp market, key trends 2023
FIG 5. Global Frozen Shrimp market, growth prospects 2022-2032
FIG 6. Global Frozen Shrimp market, porters 5 force model
FIG 7. Global Frozen Shrimp market, PESTEL analysis
FIG 8. Global Frozen Shrimp market, value chain analysis
FIG 9. Global Frozen Shrimp market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Frozen Shrimp market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Frozen Shrimp market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Frozen Shrimp market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Frozen Shrimp market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Frozen Shrimp market, regional snapshot 2022 & 2032
FIG 15. North America Frozen Shrimp market 2022 & 2032 (USD Billion)
FIG 16. Europe Frozen Shrimp market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Frozen Shrimp market 2022 & 2032 (USD Billion)
FIG 18. Latin America Frozen Shrimp market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Frozen Shrimp market 2022 & 2032 (USD Billion)
FIG 20. Global Frozen Shrimp market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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