China Shrimp Market Size & Outlook, 2022-2030
China shrimp market, 2017-2030 (US$M)
Related Markets
China shrimp market highlights
- The China shrimp market generated a revenue of USD 16,650.6 million in 2022 and is expected to reach USD 23,906.1 million by 2030.
- The China market is expected to grow at a CAGR of 4.6% from 2023 to 2030.
- In terms of segment, l. vannamei was the largest revenue generating species in 2022.
- P. chinensis is the most lucrative species segment registering the fastest growth during the forecast period.
Shrimp market data book summary
| Market revenue in 2022 | USD 16,650.6 million |
| Market revenue in 2030 | USD 23,906.1 million |
| Growth rate | 4.6% (CAGR from 2022 to 2030) |
| Largest segment | L. vannamei |
| Fastest growing segment | P. chinensis |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | L. vannamei, Trachipenaeus curvirostris, Pleoticus muelleri, P. monodon, Acetes japonicus, Pandalus borealis, P. chinensis |
| Key market players worldwide | Thai Union Group PCL ADR, Avanti Feeds, High Liner Foods, Surapon Foods, Clearwater Seafoods, Mazzetta Company, Aqua Star, Nordic Seafood, Waterbase, Ocean Direct |
Other key industry trends
- In terms of revenue, China accounted for 24.3% of the global shrimp market in 2022.
- Country-wise, South Africa is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China shrimp market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,591.5 million by 2030.
L. vannamei was the largest segment with a revenue share of 45.33% in 2022. Horizon Databook has segmented the China shrimp market based on l. vannamei, trachipenaeus curvirostris, pleoticus muelleri, p. monodon, acetes japonicus, pandalus borealis, p. chinensis covering the revenue growth of each sub-segment from 2017 to 2030.
Rising incomes in China have led to an expansion of the middle-income population, which is more inclined to consume seafood, including shrimp, as a part of its diet. Shrimp is a versatile ingredient in Chinese cuisine and is featured in a wide range of dishes, from stir-fries to dumplings, making it a staple in Chinese cooking. The Ecuadorian shrimp industry staged a comeback in the Chinese market during the 17th World Seafood Shanghai International Fair which took place in August 2023.
Key representatives from prominent shrimp exporting firms gathered to reintroduce Ecuadorian shrimp to its primary export destination, China, with the main goal of highlighting the unique qualities of Ecuadorian shrimp and strengthening its presence in this critical market. As part of this event, 16 Ecuadorian companies specializing in shrimp production and export presented their products under the brand name "FIRST CLASS SHRIMP" at the Shanghai New International Expo Centre.
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Shrimp Market Scope
Shrimp Market Companies
| Name | Profile | # Employees | HQ | Website |
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China shrimp market size, by species, 2017-2030 (US$M)
China Shrimp Market Outlook Share, 2022 & 2030 (US$M)
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