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Los Angeles, CA -- (SBWire) -- 04/11/2019 --Shrimp is one of the most popular seafood varieties consumed worldwide owing to factors such as low in fat, rich source of nutrients like vitamin B12 and selenium, which are important for maintaining good health.

Consumers highly prefer frozen shrimp over various other types of shrimp food available in the market. Frozen shrimps have longer shelf life, are less expensive, and easily available, in comparison to fresh shrimps. The sales volume of frozen shrimp will continue to increase throughout the projected period as a large number of consumers buy shrimp in bulk due to its long shelf life. Furthermore, vendors are focusing on offering frozen shrimp in clear packaging labels to attract more consumers.

The most popular distribution channels for products like shrimps are the supermarkets and hypermarkets. The influx of consumers to these stores is high due to the overall growth of the organized retail sector in developed and developing economies. The establishment of numerous retail outlets and growth in the retail industry will further boost the sales volume of shrimps in these stores.

The global Shrimp market was 43100 million US$ in 2018 and is expected to 67600 million US$ by the end of 2025, growing at a CAGR of 5.8% between 2019 and 2025.

This report studies the Shrimp market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Shrimp in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Minh Phu Seafood Corp

Thai Union

Expalsa

Zhanjiang Guolian

Pescanova

Omarsa

Songa

Iberconsa

Conarpesa

Royal Greenland A/S

ProExpo

Quoc Viet

Devi Fisheries

The Liberty Group

Nekkanti Sea Foods

By the product type, the market is primarily split into

Whiteleg Shrimp

Giant Tiger Prawn

Akiami Paste Shrimp

By the end users/application, this report covers the following segments

Household

Restaurant & Hotel

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