China Shrimp Market Report by Environment (Farmed, Wild), Domestic Production and Imports (Domestic Production, Imports), Species (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and Others), Product Categories (Peeled, Shell-on, Cooked, Breaded, and Others), Distribution Channel (Traditional Retail, Hypermarkets and Supermarkets, Convenience Stores, Hotels and Restaurants, Online Stores, and Others) 2024-2032

China Shrimp Market Report by Environment (Farmed, Wild), Domestic Production and Imports (Domestic Production, Imports), Species (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and Others), Product Categories (Peeled, Shell-on, Cooked, Breaded, and Others), Distribution Channel (Traditional Retail, Hypermarkets and Supermarkets, Convenience Stores, Hotels and Restaurants, Online Stores, and Others) 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1096
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Market Overview:

The shrimp market in China size reached 3.5 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 5.0 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
3.5 Million Tons
Market Forecast in 2032
5.0 Million Tons
Market Growth Rate 2024-2032 3.8%


Shrimp is a marine animal that has become a staple in China. For thousands of years, the country has been practicing aquaculture and currently produces more seafood than the rest of the world combined. The consumption of shrimp has more than doubled over the past decade, catalyzed by the strong growth in the middle-class population. Moreover, shrimp imports into China have increased, whereas exports have declined, making China one of the world’s biggest importers of shrimp in recent years.

A significant factor driving the consumption of shrimp in China is its rich nutrition profile and associated health benefits. It is an excellent source of antioxidants and astaxanthin that boosts the functioning of the nervous and musculoskeletal systems. It also helps in weight management, improves bone and brain health, relieves eye fatigue, lowers blood pressure, and prevents the risk of diabetes and cardiovascular diseases. Moreover, driven by strong economic growth and rising affluence, consumers in China are undergoing a ‘nutrition transition,’ whereby they are shifting from a carbohydrate-based diet to a food that consists of higher levels of proteins. Apart from this, rapid urbanization and busy lifestyles of consumers have led to a further rise in the demand for cooked and breaded shrimp as they are ready-to-eat food items that do not require extensive preparation before cooking. Furthermore, the expansion of the e-commerce industry has boosted the online sales of shrimp, which in turn has positively impacted the industry.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the China shrimp market report, along with forecasts for the period 2024-2032. Our report has categorized the market based on environment, domestic production and imports, species, product categories and distribution channel.

Breakup by Environment:

China Shrimp Market

  • Farmed
  • Wild


Farmed shrimp currently dominates the market, on account of the favorable farming conditions in the country.

Breakup by Domestic Production and Imports:

  • Domestic Production
  • Imports


At present, domestic production accounts for the majority of the overall market share.

Breakup by Species:

  • Penaeus Vannamei
  • Penaeus Monodon
  • Macrobrachium Rosenbergii
  • Others


Amongst these, Penaeus vannamei currently represents the most popular species in China.

Breakup by Product Categories:

  • Peeled
  • Shell-on
  • Cooked
  • Breaded
  • Others
     

Based on the product category, peeled shrimp holds the largest share in the market.

Breakup by Distribution Channel:

  • Traditional Retail
  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Hotels and Restaurants
  • Online Stores
  • Others
     

Presently, traditional retail exhibits a clear dominance in the market.

Competitive Landscape:

The competitive landscape of the market has also been analyzed in the report, covering the detailed profiles of the major players operative in the industry.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons
Segment Coverage Environment, Domestic Production and Imports, Species, Product Categories, Distribution Channel
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The China shrimp market reached a volume of 3.5 Million Tons in 2023.

We expect the China shrimp market to exhibit a CAGR of 3.8% during 2024-2032.

The shifting consumer preferences from fatty meat products towards protein-rich food alternatives, including shrimp, is currently driving the China shrimp market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of shrimp and shrimp-based products.

Based on the environment, the China shrimp market has been divided into farmed and wild. Currently, farmed shrimp exhibits a clear dominance in the market.

Based on the domestic production and imports, the China shrimp market can be categorized into domestic production and imports, where domestic production holds the majority of the total market share.

Based on the species, the China shrimp market has been segmented into penaeus vannamei, penaeus monodon, macrobrachium rosenbergii, and others. Among these, Penaeus vannamei segment represents the largest market share.

Based on the product categories, the China shrimp market can be bifurcated into peeled, shell-on, cooked, breaded, and others. Currently, peeled shrimp accounts for the largest market share.

Based on the distribution channel, the China shrimp market has been divided into traditional retail, hypermarkets and supermarkets, convenience stores, hotels and restaurants, online stores, and others. Among these, traditional retail channel currently exhibits clear dominance in the market.

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China Shrimp Market Report by Environment (Farmed, Wild), Domestic Production and Imports (Domestic Production, Imports), Species (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and Others), Product Categories (Peeled, Shell-on, Cooked, Breaded, and Others), Distribution Channel (Traditional Retail, Hypermarkets and Supermarkets, Convenience Stores, Hotels and Restaurants, Online Stores, and Others) 2024-2032
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