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 |
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.
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