Global Shrimp Market Insights: Trends, Growth, and Forecast 2023 to 2030
The global shrimp market size was estimated to reach USD 104.59 billion in 2030 and is anticipated to grow at a CAGR of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market presents a range of compelling opportunities for businesses and investors, driven by various factors that align with evolving consumer trends and industry advancements. First, the continually rising global demand for seafood, including shrimp, offers a promising avenue for growth. This heightened demand stems from population growth, increased disposable incomes, and a growing awareness of the health benefits associated with seafood consumption. Shrimp producers can seize this opportunity by scaling up their production to meet the burgeoning market demand. In addition, there is a notable shift in consumer preferences towards healthier and protein-rich food choices. Shrimp, as a low-calorie, high-protein seafood option, perfectly aligns with these health-conscious...