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
Breakup by Domestic Production and Imports:
- Domestic Production
- Imports
Breakup by Species:
- Penaeus Vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
Breakup by Product Categories:
- Peeled
- Shell-on
- Cooked
- Breaded
- Others
Breakup by Distribution Channel:
- Traditional Retail
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online Stores
- Others
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
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 117 |
Published | September 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value in 2022 | 3.4 Million Tons |
Forecasted Market Value by 2028 | 4.4 Million Tons |
Compound Annual Growth Rate | 4.4% |
Regions Covered | China |