China Shrimp Market Trends, Share, Size, Growth, Opportunity and Forecast Report 2017-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 22, 2019--The “China Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The shrimp market in China reached a volume of 1.8 Million Tons in 2017
Catalyzed by a strong growth in the Chinese middle-class population, the consumption of shrimps has more than doubled in the past decade. In recent years, shrimp imports into China have increased whereas shrimp exports have declined making China one of the world’s biggest importers of shrimp. Looking forward, we expect the shrimp market in China to exceed 2 Million Tons by 2023, exhibiting a CAGR of 2% during 2018-2023.
A major factor driving the consumption of shrimps in China is the fact that they are perceived to be nutritious and good for health. Shrimps are a very good source of antioxidants and astaxanthin that bolsters the nervous and musculoskeletal system. Apart from this, they also help in prevention of cancer and diabetes.
Moreover, driven by strong economic growth and rising affluence, Chinese consumers are undergoing a nutrition transition’, whereby consumers have made a transition from a broadly carbohydrate-based, vegetarian diet to a diet that consists of higher levels of animal products such as shrimps.
One of the key segments that are witnessing strong demand in China are value added shrimp products. Increasing urbanization and busy consumer lifestyles in China have also been driving the demand of cooked and breaded shrimp over the past few years. Products that are easy-to-cook and ready-to-eat are also witnessing strong growth. The need for convenience is also being reflected by a strong growth in online shrimp sales. While the overall proportion of shrimp sales sold online is still relatively small, this is expected to change as part of the rapid growth in the online food retail market.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Shrimp Market
6 Global Farmed Shrimp Market
7 China Shrimp Industry
8 Market Breakup by Shrimp Source
9 Market Breakup by Domestic Production and Imports
10 Market Breakup by Species
11 Market Breakup by Product Categories
12 Market Breakup by Distribution Channel
13 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/bq6lzk/china_shrimp?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190122005395/en/
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Related Topics:Fish and Seafood
KEYWORD: ASIA PACIFIC CHINA
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/22/2019 04:22 AM/DISC: 01/22/2019 04:22 AM