Global Shrimp Market Analysis

Market Overview

The Global Shrimp Market is projected to reach US$ 69.35 billion by 2028, growing at a robust CAGR of 6.72% between 2022 and 2028, according to Renub Research. Shrimp remains one of the most traded seafood products globally, with demand extending beyond the food industry into sectors like pharmaceuticals, healthcare, and cosmetics. These industries leverage shrimp's unique properties, including antioxidant and anti-aging effects, alongside its high nutritional value as a source of protein, phosphorus, and selenium.

The shrimp market's stable growth is driven by increasing demand and improved supply mechanisms. The rise in shrimp's popularity as a key ingredient in various global cuisines, particularly in Asian dishes, further supports its market expansion.

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