GCC Shrimp Market Size 2023, Demand, Industry Analysis by Species, Shrimp Size, Distribution Channel and Regional Outlook 2028
IMARC Group has recently released a new research study titled “GCC Shrimp Market Report by Species (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and Others), Shrimp Size (Size <21, Size 21-25, Size 26-30, Size 31-40, Size 41-50, Size 51-60, Size 61-70, Size >70), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Hotels and Restaurants, Online Sales, and Others), and Region 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The GCC shrimp market is projected to exhibit a growth rate (CAGR) of 3.40% during 2023-2028.
GCC Shrimp Market Analysis Report 2023-2028
What is shrimp?
Shrimp are small, aquatic crustaceans found primarily in both saltwater and freshwater habitats. They are one of the most popular types of seafood consumed globally, prized for their delicate flavor and versatile culinary applications. Shrimp are decapods, meaning they have ten legs, and they possess a hard exoskeleton that is typically molted in a process known as ecdysis. Commercially important shrimp species are often harvested through trawling or are cultivated in aquaculture systems. They are rich in protein, low in fat, and a good source of essential nutrients like iodine, selenium, and omega-3 fatty acids.
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GCC Shrimp Market Trends and Growth Drivers:
The growing demand for protein-rich foods represents one of the key factors driving the growth of the market across the GCC region. Shrimp is highly popular in the GCC countries due to its inclusion in traditional and modern cuisines. Advances in aquaculture technologies are enabling more sustainable and efficient shrimp farming practices, which ensures a more consistent and higher-quality supply. Increased disposable income levels in the GCC region are leading to higher consumer spending on premium food products, including shrimp. Strong trade relations with major shrimp-producing countries facilitate a steady inflow of shrimp into the market, which complements local production.
The booming tourism industry, especially in countries like the UAE and Saudi Arabia, is creating additional demand for seafood restaurants and, by extension, shrimp. The growth of modern retail formats like supermarkets and hypermarkets offers consumers easier access to a variety of shrimp products, from fresh to frozen, and value-added options. The rising health consciousness among consumers is shifting preferences toward low-fat, high-protein food options, which is facilitating the growth of the market across the region.
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Competitive Analysis and Segmentation:
Market Segmentation:
Species Insights:
- Penaeus Vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
Shrimp Size Insights:
- Size <21
- Size 21-25
- Size 26-30
- Size 31-40
- Size 41-50
- Size 51-60
- Size 61-70
- Size >70
Distribution Channel Insights:
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online Sales
- Others
Country Insights:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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