Japan Shrimp Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$6,281.4

Forecast, 2030 (US$M)

$9,591.5

CAGR, 2023 - 2030

5.4%

Report Coverage

Japan

Japan shrimp market, 2017-2030 (US$M)

Related Markets

Japan shrimp market highlights

The Japan shrimp market generated a revenue of USD 6,281.4 million in 2022 and is expected to reach USD 9,591.5 million by 2030.
The Japan market is expected to grow at a CAGR of 5.4% 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 6,281.4 million
Market revenue in 2030	USD 9,591.5 million
Growth rate	5.4% (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, Japan accounted for 9.2% 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 Japan 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.

The growth of shrimp and shrimp products in Japan has witnessed significant expansion over the years, driven by evolving consumer preferences and advancements in aquaculture practices. Shrimp, particularly popular as a key ingredient in various Japanese dishes like sushi, sashimi, and tempura, has become an integral part of the country's culinary culture.

For instance, Obsi blue stands as the sole French shrimp acknowledged in Japan as a premium choice for sashimi, propelling shrimp demand in the Japanese market. Furthermore, Japan has seen a rise in the consumption of value-added shrimp products.

Processed items like shrimp tempura, sushi, and ready-to-eat shrimp cocktails have gained popularity due to their convenience and delicious flavors. Innovative packaging and marketing strategies have also contributed to increased demand for these products. The Japanese government has actively promoted sustainable aquaculture practices to ensure the long term viability of shrimp farming. Initiatives aimed at reducing the environmental impact and improving the quality of shrimp products have been prioritized.

Key Regions: U.S. , UK , Brazil , Canada , Mexico