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China Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 117 Pages
  • September 2023
  • Region: China
  • IMARC Group
  • ID: 5682154
The shrimp market in China size reached 3.4 Million Tons in 2022. Looking forward, the publisher expects the market to reach 4.4 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

Shrimp is a marine animal that has become a staple in China. For thousands of years, the country has been practicing aquaculture and currently produces more seafood than the rest of the world combined. The consumption of shrimp has more than doubled over the past decade, catalyzed by the strong growth in the middle-class population. Moreover, shrimp imports into China have increased, whereas exports have declined, making China one of the world’s biggest importers of shrimp in recent years.

A significant factor driving the consumption of shrimp in China is its rich nutrition profile and associated health benefits. It is an excellent source of antioxidants and astaxanthin that boosts the functioning of the nervous and musculoskeletal systems. It also helps in weight management, improves bone and brain health, relieves eye fatigue, lowers blood pressure, and prevents the risk of diabetes and cardiovascular diseases. Moreover, driven by strong economic growth and rising affluence, consumers in China are undergoing a ‘nutrition transition,’ whereby they are shifting from a carbohydrate-based diet to a food that consists of higher levels of proteins. Apart from this, rapid urbanization and busy lifestyles of consumers have led to a further rise in the demand for cooked and breaded shrimp as they are ready-to-eat food items that do not require extensive preparation before cooking. Furthermore, the expansion of the e-commerce industry has boosted the online sales of shrimp, which in turn has positively impacted the industry.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the China shrimp market report, along with forecasts for the period 2023-2028. The report has categorized the market based on environment, domestic production and imports, species, product categories and distribution channel.

Breakup by Environment:

  • Farmed
  • Wild
Farmed shrimp currently dominates the market, on account of the favorable farming conditions in the country.

Breakup by Domestic Production and Imports:

  • Domestic Production
  • Imports
At present, domestic production accounts for the majority of the overall market share.

Breakup by Species:

  • Penaeus Vannamei
  • Penaeus Monodon
  • Macrobrachium Rosenbergii
  • Others
Amongst these, Penaeus vannamei currently represents the most popular species in China.

Breakup by Product Categories:

  • Peeled
  • Shell-on
  • Cooked
  • Breaded
  • Others
Based on the product category, peeled shrimp holds the largest share in the market.

Breakup by Distribution Channel:

  • Traditional Retail
  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Hotels and Restaurants
  • Online Stores
  • Others
Presently, traditional retail exhibits a clear dominance in the market.

Competitive Landscape:

The competitive landscape of the market has also been analyzed in the report, covering the detailed profiles of the major players operative in the industry.

Key Questions Answered in This Report

1. What was the size of the China shrimp market in 2022?
2. What is the expected growth rate of the China shrimp market during 2023-2028?
3. What are the key factors driving the China shrimp market?
4. What has been the impact of COVID-19 on the China shrimp market?
5. What is the breakup of the China shrimp market based on the environment?
6. What is the breakup of the China shrimp market based on the domestic production and imports?
7. What is the breakup of the China shrimp market based on the species?
8. What is the breakup of the China shrimp market based on the product categories?
9. What is the breakup of the China shrimp market based on the distribution channel?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Shrimp Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Environment
5.4 Market Forecast
6 Global Farmed Shrimp Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Production Breakup by Region
6.4 Consumption Breakup by Region
6.5 Market Breakup by Species
6.6 Market Breakup by Shrimp Size
6.7 Market Forecast
7 China Shrimp Industry
7.1 China Shrimp Industry as a Part of the Seafood Industry
7.2 Market Overview
7.3 Impact of COVID-19
7.4 Market Performance
7.5 Market Breakup by Environment
7.6 Market Breakup by Domestic Production and Imports
7.7 Market Breakup by Species
7.8 Market Breakup by Product Categories
7.9 Market Breakup by Distribution Channel
7.10 Market Forecast
7.11 SWOT Analysis
7.11.1 Overview
7.11.2 Strengths
7.11.3 Weaknesses
7.11.4 Opportunities
7.11.5 Threats
7.12 Value Chain Analysis
7.12.1 Overview
7.12.2 Shrimp Harvesting
7.12.3 Commercial Fisherman
7.12.4 Auction
7.12.5 Peeling/Pre-processing
7.12.6 Large Scale Industrial Processing
7.12.7 Distribution
7.12.8 Retail Market
7.12.9 Institutional Market
7.13 Porters Five Forces Analysis
7.13.1 Overview
7.13.2 Bargaining Power of Buyers
7.13.3 Bargaining Power of Suppliers
7.13.4 Degree of Competition
7.13.5 Threat of New Entrants
7.13.6 Threat of Substitutes
7.14 Price Analysis
7.15 Key Success and Risk Factors for Shrimp Industry
8 Market Breakup by Environment
8.1 Farmed
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Wild
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Domestic Production and Imports
9.1 Domestic Production
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Imports
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Species
10.1 Penaeus Vannamei
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Penaeus Monodon
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Macrobrachium Rosenbergii
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Product Categories
11.1 Peeled
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Shell-on
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Cooked
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Breaded
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Others
11.5.1 Market Trends
11.5.2 Market Forecast
12 Market Breakup by Distribution Channel
12.1 Traditional Retail
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Hypermarkets and Supermarkets
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Convenience Stores
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Hotels and Restaurants
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Online Stores
12.5.1 Market Trends
12.5.2 Market Forecast
12.6 Others
12.6.1 Market Trends
12.6.2 Market Forecast
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players

Methodology

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