Report Overview
Shrimp powder is a specialized product derived from dried and ground shrimp, often used as a flavor enhancer in various cuisines. It offers a concentrated seafood flavor profile and is a convenient alternative to fresh or frozen shrimp. The market for shrimp powder is positioned within the broader seafood industry, catering to both consumer and commercial segments.
As of 2023, the global shrimp powder market size stands at approximately USD 45 million. Looking ahead, the market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.78% from 2024 to 2032. This growth can be attributed to several key factors driving market expansion.
One of the primary growth drivers for the shrimp powder market is the increasing demand for convenient and versatile food products. Shrimp powder offers a convenient way to incorporate seafood flavors into various dishes without the need for fresh ingredients. Additionally, the growing popularity of seafood-based seasonings and flavorings in the food industry further propels market growth.
Moreover, the rising consumer awareness regarding the health benefits of seafood consumption is boosting the demand for shrimp powder. As consumers seek healthier food options, products like shrimp powder, which are rich in protein and essential nutrients, are gaining traction in the market.
In terms of market trends, there is a noticeable shift towards the use of shrimp powder in the foodservice industry. Restaurants and food manufacturers are increasingly incorporating shrimp powder into their recipes to enhance the umami flavor profile of dishes. This trend is particularly prominent in Asian cuisines where seafood flavors play a significant role.
Furthermore, the market is witnessing a surge in product innovation, with manufacturers introducing flavored variants of shrimp powder to cater to diverse consumer preferences. Flavors such as garlic shrimp powder, spicy shrimp powder, and lemon-infused shrimp powder are gaining popularity among consumers looking for unique taste experiences.
Regionally, leading markets for shrimp powder include Asia Pacific, North America, and Europe. Asia Pacific dominates the market due to the widespread consumption of seafood in the region and the popularity of shrimp-based dishes. North America and Europe follow closely, driven by the increasing adoption of seafood seasonings in the culinary industry.
In conclusion, while the shrimp powder market shows promising growth prospects, it also faces challenges such as fluctuating raw material prices, regulatory constraints on seafood processing, and competition from alternative flavor enhancers. To capitalize on the market opportunities, companies in the shrimp powder sector should focus on product innovation, quality assurance, and strategic partnerships to expand their market presence and cater to evolving consumer preferences.
This report provides a deep insight into the global Shrimp Powder market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Shrimp Powder Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Shrimp Powder market in any manner.
Global Shrimp Powder Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Haida Fishmeal
Dandong Yuanyi Seafood
Hailongyuan
Yuxinyuan
Xingchang Aquatic Products
Liaoyu
Khan Foods
Market Segmentation (by Type)
Protein ≥ 50%
Protein ≥ 60%
Market Segmentation (by Application)
Food
Feed
Other
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Shrimp Powder Market
• Overview of the regional outlook of the Shrimp Powder Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Shrimp Powder Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Shrimp Powder
1.2 Key Market Segments
1.2.1 Shrimp Powder Segment by Type
1.2.2 Shrimp Powder Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Shrimp Powder Market Overview
2.1 Global Market Overview
2.1.1 Global Shrimp Powder Market Size (M USD) Estimates and Forecasts (2019-2032)
2.1.2 Global Shrimp Powder Sales Estimates and Forecasts (2019-2032)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
2.4 Macroeconomic Analysis
3 Shrimp Powder Market Competitive Landscape
3.1 Global Shrimp Powder Sales by Manufacturers (2019-2024)
3.2 Global Shrimp Powder Revenue Market Share by Manufacturers (2019-2024)
3.3 Shrimp Powder Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Shrimp Powder Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Shrimp Powder Sales Sites, Area Served, Product Type
3.6 Shrimp Powder Market Competitive Situation and Trends
3.6.1 Shrimp Powder Market Concentration Rate
3.6.2 Global 5 and 10 Largest Shrimp Powder Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Shrimp Powder Industry Chain Analysis
4.1 Shrimp Powder Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Shrimp Powder Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Shrimp Powder Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Shrimp Powder Sales Market Share by Type (2019-2024)
6.3 Global Shrimp Powder Market Size Market Share by Type (2019-2024)
6.4 Global Shrimp Powder Price by Type (2019-2024)
7 Shrimp Powder Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Shrimp Powder Market Sales by Application (2019-2024)
7.3 Global Shrimp Powder Market Size (M USD) by Application (2019-2024)
7.4 Global Shrimp Powder Sales Growth Rate by Application (2019-2024)
8 Shrimp Powder Market Sales by Region
8.1 Global Shrimp Powder Sales by Region
8.1.1 Global Shrimp Powder Sales by Region
8.1.2 Global Shrimp Powder Sales Market Share by Region
8.2 Global Shrimp Powder Market Size by Region
8.2.1 Global Shrimp Powder Market Size by Region
8.2.2 Global Shrimp Powder Market Size Market Share by Region
8.3 North America
8.3.1 North America Shrimp Powder Sales by Country
8.3.2 North America Shrimp Powder Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Shrimp Powder Sales by Country
8.4.2 Europe Shrimp Powder Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Russia Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Shrimp Powder Sales by Region
8.5.2 China
8.5.3 Japan
8.5.4 South Korea
8.5.5 India
8.5.6 Southeast Asia
8.6 Asia Pacific
8.6.1 Asia Pacific Shrimp Powder Market Size by Region
8.6.2 Asia Pacific Shrimp Powder Market Size by Region
8.6.3 China
8.6.4 Japan
8.6.5 South Korea
8.6.6 India
8.6.7 Southeast Asia
8.7 South America
8.7.1 South America Shrimp Powder Sales by Country
8.7.2 South America Shrimp Powder Market Size by Country
8.7.3 Brazil
8.7.4 Argentina
8.7.5 Columbia
8.8 Middle East and Africa
8.8.1 Middle East and Africa Shrimp Powder Sales by Region
8.8.2 Middle East and Africa Shrimp Powder Market Size by Region
8.8.3 Saudi Arabia
8.8.4 UAE
8.8.5 Egypt
8.8.6 Nigeria
8.8.7 South Africa
9 Shrimp Powder Market Production by Region
9.1 Global Production of Shrimp Powder by Region (2019-2024)
9.2 Global Shrimp Powder Revenue Market Share by Region (2019-2024)
9.3 Global Shrimp Powder Production, Revenue, Price and Gross Margin (2019-2024)
9.4 North America Shrimp Powder Production
9.4.1 North America Shrimp Powder Production Growth Rate (2019-2024)
9.4.2 North America Shrimp Powder Production, Revenue, Price and Gross Margin (2019-2024)
9.5 Europe Shrimp Powder Production
9.5.1 Europe Shrimp Powder Production Growth Rate (2019-2024)
9.5.2 Europe Shrimp Powder Production, Revenue, Price and Gross Margin (2019-2024)
9.6 Japan Shrimp Powder Production (2019-2024)
9.6.1 Japan Shrimp Powder Production Growth Rate (2019-2024)
9.6.2 Japan Shrimp Powder Production, Revenue, Price and Gross Margin (2019-2024)
9.7 China Shrimp Powder Production (2019-2024)
9.7.1 China Shrimp Powder Production Growth Rate (2019-2024)
9.7.2 China Shrimp Powder Production, Revenue, Price and Gross Margin (2019-2024)
10 Key Companies Profile
10.1 Haida Fishmeal
10.1.1 Haida Fishmeal Shrimp Powder Basic Information
10.1.2 Haida Fishmeal Shrimp Powder Product Overview
10.1.3 Haida Fishmeal Shrimp Powder Product Market Performance
10.1.4 Haida Fishmeal Business Overview
10.1.5 Haida Fishmeal Shrimp Powder SWOT Analysis
10.1.6 Haida Fishmeal Recent Developments
10.2 Dandong Yuanyi Seafood
10.2.1 Dandong Yuanyi Seafood Shrimp Powder Basic Information
10.2.2 Dandong Yuanyi Seafood Shrimp Powder Product Overview
10.2.3 Dandong Yuanyi Seafood Shrimp Powder Product Market Performance
10.2.4 Dandong Yuanyi Seafood Business Overview
10.2.5 Dandong Yuanyi Seafood Shrimp Powder SWOT Analysis
10.2.6 Dandong Yuanyi Seafood Recent Developments
10.3 Hailongyuan
10.3.1 Hailongyuan Shrimp Powder Basic Information
10.3.2 Hailongyuan Shrimp Powder Product Overview
10.3.3 Hailongyuan Shrimp Powder Product Market Performance
10.3.4 Hailongyuan Shrimp Powder SWOT Analysis
10.3.5 Hailongyuan Business Overview
10.3.6 Hailongyuan Recent Developments
10.4 Yuxinyuan
10.4.1 Yuxinyuan Shrimp Powder Basic Information
10.4.2 Yuxinyuan Shrimp Powder Product Overview
10.4.3 Yuxinyuan Shrimp Powder Product Market Performance
10.4.4 Yuxinyuan Business Overview
10.4.5 Yuxinyuan Recent Developments
10.5 Xingchang Aquatic Products
10.5.1 Xingchang Aquatic Products Shrimp Powder Basic Information
10.5.2 Xingchang Aquatic Products Shrimp Powder Product Overview
10.5.3 Xingchang Aquatic Products Shrimp Powder Product Market Performance
10.5.4 Xingchang Aquatic Products Business Overview
10.5.5 Xingchang Aquatic Products Recent Developments
10.6 Liaoyu
10.6.1 Liaoyu Shrimp Powder Basic Information
10.6.2 Liaoyu Shrimp Powder Product Overview
10.6.3 Liaoyu Shrimp Powder Product Market Performance
10.6.4 Liaoyu Business Overview
10.6.5 Liaoyu Recent Developments
10.7 Khan Foods
10.7.1 Khan Foods Shrimp Powder Basic Information
10.7.2 Khan Foods Shrimp Powder Product Overview
10.7.3 Khan Foods Shrimp Powder Product Market Performance
10.7.4 Khan Foods Business Overview
10.7.5 Khan Foods Recent Developments
11 Shrimp Powder Market Forecast by Region
11.1 Global Shrimp Powder Market Size Forecast
11.2 Global Shrimp Powder Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe Shrimp Powder Market Size Forecast by Country
11.2.3 Asia Pacific Shrimp Powder Market Size Forecast by Region
11.2.4 South America Shrimp Powder Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of Shrimp Powder by Country
12 Forecast Market by Type and by Application (2025-2032)
12.1 Global Shrimp Powder Market Forecast by Type (2025-2032)
12.1.1 Global Forecasted Sales of Shrimp Powder by Type (2025-2032)
12.1.2 Global Shrimp Powder Market Size Forecast by Type (2025-2032)
12.1.3 Global Forecasted Price of Shrimp Powder by Type (2025-2032)
12.2 Global Shrimp Powder Market Forecast by Application (2025-2032)
12.2.1 Global Shrimp Powder Sales (K MT) Forecast by Application
12.2.2 Global Shrimp Powder Market Size (M USD) Forecast by Application (2025-2032)
13 Conclusion and Key Findings
