Shrimp Market in China: Growth, Share, Size, Trends, Demand and Forecast Till 2023

China Shrimp Market Share, Size, Demand, Trends and Forecast Till 2023

Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

IMARC is a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations.

Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description

China Shrimp Market Report By Shrimp Source (Farmed and Wild), Species (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii and Others), Domestic Production and Imports, Product Categories, Distribution Channel 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 Request for a sample report: https://www.imarcgroup.com/china-shrimp-market/requestsample

Market Forecast

Sample Figure: China: Shrimp Market Forecast: Consumption Volume (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

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.

Market Segmentation by Component • • • •

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 by Domestic Production and Imports • •

Domestic Production Imports

For more information, click here: https://www.imarcgroup.com/china-shrimp-market

Market Segmentation

Report Description

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 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

Market Segmentation

Report Description • •

Online Stores Others

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.

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.

Team Profile

Team Profile Our Team Comes From Some of the Top Universities Globally.

60% Engineering and Science

5% Others

35% Business Studies

Over 2000 Independent Consultants from different sectors.

Average Experience of 7+ Years

We are the trusted business partners to the

Partial List of Clients world's leading corporates, governments, and A partial List of our Clients institutions

We are the trusted business partners to the

Partial Listworld's of Clients leading corporates, governments, and

A partial List of our Clients

institutions

Report Description and Highlights

Report Description

© 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com