Market Size of China Shrimp Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 1.50 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
China Shrimp Market Analysis
The China shrimp market is projected to register a CAGR of 1.5% during the forecast period (2020-2025). Contract farming is one of the most prominent strategies being adopted by the shrimp farmers during the recent and is expected to gain momentum during the forecast period because it aids in maintaining quality, freshness, and food safety issues are managed more effectively under this system. The market is also suffering from significant restraints, which can hamper its growth during the projected period. Some of the restraints in the market include susceptibility to diseases in shrimps and increasing the use of antibiotics in shrimps during the study period.
China Shrimp Industry Segmentation
A shrimp can be defined as a small-sized marine crustacean with an elongated body, typically consumed as food, hence, it is of high commercial importance. The report presents a wide-ranging analysis of the size of shrimp markets in China.
Geography | |
Production Analysis | |
Consumption Analysis and Market Value | |
Import Market Analysis (Volume and Value) | |
Export Market Analysis (Volume and Value) | |
Price Trends Analysis |
China Shrimp Market Size Summary
The China shrimp market is experiencing a steady growth trajectory, driven by the increasing consumer demand for shrimp due to its high nutritional value and low-fat protein content. The adoption of contract farming is becoming a prominent strategy among shrimp farmers, as it helps in maintaining quality and managing food safety more effectively. However, the market faces challenges such as the susceptibility of shrimps to diseases and the rising use of antibiotics, which could potentially hinder its growth. Despite these challenges, the health benefits associated with shrimp consumption, including its role in preventing various health issues, are expected to bolster the market further.
In China, shrimp production typically begins at the end of the calendar year, with farmers preparing culture ponds to enhance shrimp population. The shrimp farming industry in China has undergone significant transformations, creating employment opportunities and generating economic value for local communities. The consumption of shrimp is widespread, with both frozen and live varieties being popular, particularly in dishes like shrimp dumplings. The use of artificial fertilizers and probiotics in shrimp farming represents a shift from traditional practices, supporting the growth of beneficial algae and natural foods for shrimp. This evolution in farming practices is contributing to the increased consumption and economic impact of the shrimp market in China.
China Shrimp Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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1.5 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 Production Analysis
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2.1.2 Consumption Analysis and Market Value
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2.1.3 Import Market Analysis (Volume and Value)
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2.1.4 Export Market Analysis (Volume and Value)
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2.1.5 Price Trends Analysis
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China Shrimp Market Size FAQs
What is the current China Shrimp Market size?
The China Shrimp Market is projected to register a CAGR of 1.5% during the forecast period (2024-2029)
What years does this China Shrimp Market cover?
The report covers the China Shrimp Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Shrimp Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.