Shrimp Market Growth: USD 69.22 Billion with 4.77% CAGR Outlook for {2029}
The global shrimp market is a significant segment within the seafood industry, reflecting a dynamic interplay of consumer trends, sustainability concerns, technological advancements, and global trade. According to the TechSci Research report titled “ Global Shrimp Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029,” the market, valued at USD 69.22 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 4.77% during the forecast period from 2025 to 2029. Shrimp Market Overview and Key Drivers Rising Consumer Demand for Shrimp Shrimp remains a highly sought-after seafood product, driven by its versatility, taste, and nutritional value. The increasing global population, urbanization, and rising disposable incomes have fueled demand, especially in emerging markets like Asia Pacific. Technological Innovations in Aquaculture The shrimp farming sector is rapidly adopting technological advancements to enhance ...