China Shrimp Market Research Report: Trends, Growth, And Regional Outlook Till 2023

China Shrimp Market Report and Forecast Till 2023

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Report Description and Highlights

Report Description

China Shrimp Market Report By Shrimp Source (Farmed, Wild), by Domestic Production and Imports (Domestic Production, Imports), by Species (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii and Others ), Product Categories, Distribution Channel, Region

The China shrimp market has witnessed positive growth in recent years on account of improving economic conditions, expanding middle-class and increasing government support for the promotion of sustainable shrimp farming.

Market Overview: According to the latest report by IMARC Group, titled “China Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the China shrimp market reached a volume of 1.8 Million Tons in 2017. China currently represents one of the largest markets for shrimp as they form a major part of the regional cuisine. Shrimp are a type of edible decapod crustaceans with a laterally compressed, elongated body and long antennae and legs. They have a low concentration of saturated fats and high amounts of iodine, vitamin B3, proteins, calcium, omega-3s, vitamin D and zinc. Owing to their high nutrient content, shrimp consumption helps in weight management, improves bone and brain health, relieves eye fatigue, and lowers blood pressure and the risk of cardiovascular diseases.

Report Description and Highlights

Report Description

Market Trends: At present, China accounts for a significant share of shrimp imports on account of expanding middleclass population which has led to an increase in the overall domestic consumption. Apart from this, the shrimp market has been gaining momentum on account of improvement in the economic scenario and the quality of life which has further led to a rise in the demand for seafood products. Moreover, government support aimed at promoting sustainable shrimp farming practices, enhancing product quality and encouraging product innovations are expected to drive the market over the next few years.

Looking forward, the China shrimp market is expected to reach a volume of 2 Million Tons by 2023, registering a CAGR of 2% during 2018-2023.

China Shrimp Market Segmentation: Market Segmentation by Shrimp Source o Farmed, o Wild On the basis of shrimp source, the market has been bifurcated into farmed shrimp and wild shrimp.

Currently, farmed shrimp dominate the China shrimp market, holding the largest share.

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Market Forecast

Sample Figure: China: Shrimp Market Forecast: Volumes (in Million Tons), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description

Market Segmentation by Domestic Production and Imports o Domestic Production o Imports The shrimp market in China has been analyzed on the basis of domestic production and imports.

At present, domestic production accounts for the majority of the shrimp consumption in the country.

Market Segmentation by Species • • • •

Penaeus Vannamei Penaeus Monodon Macrobrachium Rosenbergii Others

The market has been categorized on the basis of different species of shrimp available in China which mainly include penaeus vannamei, penaeus monodon, macrobrachium rosenbergii and others. Amongst these, penaeus vannamei is the most common specie being consumed across the region.

Market Segmentation

Report Description

Market Segmentation by Product Categories • • • • •

Peeled Shell-On Cooked Breaded Others

Based on product categories, the market has been segregated as peeled, shell-on, cooked, breaded and others. Currently, peeled shrimp hold the majority of the market share.

Market Segmentation by Distribution Channel • • • • • •

Traditional Retail Hypermarkets and Supermarkets Convenience Stores Hotels and Restaurants Online Stores Others

Market Segmentation

Report Description

On the basis of distribution channels, the market has been segmented into specialized retailers, hotels and restaurants, supermarkets and hypermarkets, online and others. Amongst these, specialized retailers exhibit a clear dominance in the China shrimp market.

Competitive Landscape: The competitive landscape of the China shrimp market has also been analyzed along with the profiles of the major players operative in the industry.

For more information, please visit: https://www.imarcgroup.com/china-shrimp-market In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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Report Description and Highlights

Report Description

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