Market Size of China Shrimp Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.50 % |
| Market Concentration | High |
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China Shrimp Market Analysis
The China shrimp market is projected to register a CAGR of 1.5% during the forecast period (2020-2025). Contract farming is one of the most prominent strategies being adopted by the shrimp farmers during the recent and is expected to gain momentum during the forecast period because it aids in maintaining quality, freshness, and food safety issues are managed more effectively under this system. The market is also suffering from significant restraints, which can hamper its growth during the projected period. Some of the restraints in the market include susceptibility to diseases in shrimps and increasing the use of antibiotics in shrimps during the study period.
