Prawn Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global Prawn Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
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Accord ing  to  the la tes t  repor t  by  IMARC Group,  t i t l ed  "Prawn Market :  
Global  Industry  Trends,  Share ,  S ize ,  Growth,  Opportuni ty  and Forecast  
2024-2032,"  the  g loba l  p rawn marke t  s ize  reached 8 .4  Mi l l ion  Tons  in  2023.
Prawn Industry :
Summary:
• The  g loba l  p rawn market  s ize  reached 8 .4  M i l l i on  Tons  in  2023.
Report • The  market  is  expec ted  to  reach  USD 10 .9  Mi l l ion  Tons  by  2032,  exh ib i t ing  a  growth ra te  (CAGR)  o f  2 .9% dur ing  2024–2032.
• On the bas is  o f  the consuming  reg ions ,  the  market  has been c lass i f ied  
Summary i n to  Un i ted  Sta tes ,  Ch ina ,  Europe ,  Japan,  Indones ia ,  and o thers .
• Based on  the p roduc ing  reg ions ,  the  market  has  been d iv ided  in to  China,  
Ind ia ,  Indones ia ,  V ie tnam,  Tha i land ,  Ecuador ,  and o thers
• Based on  the spec ies ,  the market  has  been segmented  in to  penaeus 
vannamei ,  penaeus monodon,  macrobrach ium rosenberg i i ,  and  o thers .
• On the  bas is  o f  the p rawn s ize ,  the  marke t  has been segrega ted  in to  70 .
• The increasing demand for sustainable aquaculture 
practices is a primary driver of the prawn market.
• The prawnmarket growth and forecast highl ight a 
signi f icant r ise due to expansion of value-added prawn 
products.
Report Request for a PDF sample of this report:  
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Summary ng-plant / requestsample
G lo b a l  P ra w n  Ma rk e t  T re n d s :
R is in g  D e ma n d  fo r  S u s ta in a b le  A q u a c u l tu re  P ra c t ic e s :
T h e  i n d u s t r y  i s  e x p e r i e n c i n g  s e v e r a l  p r a w n  m a r k e t  t r e n d s  s u c h  a s  i n c r e a s i n g  s u s ta i n a b l e  
a q u a c u l t u r e  p r a c t i c e s  a s  c o n s u m e r s  b e c o m e  i n c r e a s i n g l y  a w a r e  a b o u t  e n v i r o n m e n t a l  
i s s u e s  r e l a t e d  t o  s e a f o o d  p r o d u c t i o n .  T h e  g r o w i n g  c o n c e r n  o v e r  o v e r f i s h i n g  a n d  t h e  
n e g a t i v e  i m p a c t s  o f  t r a d i t i o n a l  f i s h i n g  m e th o d s  o n  m a r i n e  e c o s y s t e m s  h a s  p r o m p t e d  b o t h  
c o n s u m e r s  a n d  p r o d u c e r s  t o  s e e k  m o r e  s u s t a i n a b l e  o p t i o n s .  A q u a c u l t u r e ,  p a r t i c u l a r l y  
s h r i m p  f a r m i n g ,  i s  b e i n g  o p t i m i z e d  t o  m i n i m i z e  e n v i r o n m e n t a l  f o o t p r i n t s  t h r o u g h  p r a c t i c e s  
Report Trends s u c h  a s  u s i n g  r e c i r c u l a t i n g  a q u a c u l t u r e  s y s te m s  ( R A S )  a n d  i n t e g r a t e d  m u l t i - t r o p h i c  
a q u a c u l t u r e  ( IM T A ) .  T h e s e  m e th o d s  r e d u c e  w a s te  a n d  p r o m o t e  b i o d i v e r s i t y  b y  a l l o w i n g  
d i f f e r e n t  s p e c i e s  t o  t h r i v e  t o g e th e r .  F u r t h e r m o r e ,  c e r t i f i c a t i o n s  s u c h  a s  t h e  M a r i n e  
S te w a r d s h i p  C o u n c i l  ( M S C )  a n d  t h e  A q u a c u l t u r e  S t e w a r d s h i p  C o u n c i l  ( A S C )  a r e  g a i n i n g  
t r a c t i o n ,  a s  c o n s u m e r s  p r e f e r  p r o d u c t s  t h a t  a r e  c e r t i f i e d  s u s t a i n a b l e .  T h i s  t r e n d  i s  
i n f l u e n c i n g  p r o d u c e r s  t o  a d o p t  e c o - f r i e n d l y  p r a c t i c e s  a n d  i n v e s t  i n  t e c h n o l o g i e s  t h a t  
s u p p o r t  s u s t a i n a b i l i t y ,  s u c h  a s  w a te r  r e c y c l i n g  a n d  o r g a n i c  f e e d .  A s  a w a r e n e s s  a b o u t  
s u s t a i n a b l e  s e a f o o d  c o n t i n u e s  t o  r i s e ,  t h e  p r a w n  d e m a n d  i n  t h e  i n d u s t r y  i n c r e a s e s .
G ro w th  o f  V a lu e -A d d e d  P ra w n  P ro d u c ts :
T h e  p r a w n  m a r k e t  s h a r e  i s  e x p a n d i n g  a s  c o n s u m e r s  s e e k  c o n v e n i e n c e  a n d  q u a l i t y  i n  t h e i r  
s e a f o o d  c h o i c e s .  T h e  d e m a n d  f o r  r e a d y - t o - c o o k  a n d  r e a d y - t o - e a t  p r a w n  p r o d u c t s  i s  r i s i n g ,  
d r i v e n  b y  b u s y  l i f e s t y l e s  a n d  t h e  g r o w i n g  t r e n d  o f  h o m e  c o o k i n g .
Produc ts  such  as  p re-seasoned ,  mar ina ted  p rawns ,  and  conven ien t  f rozen  p rawn 
mea ls  a re  becoming  i nc reas ing ly  popu la r ,  ca te r i ng  to  t he  need f o r  qu ick  and  easy  
mea l  so lu t ions  w i thou t  com promis ing  on  tas t e  o r  qua l i t y .  Add i t i ona l l y ,  t he  
foodserv i ce  indus t r y  i s  expand ing  i t s  o f f e r ings  o f  p rawn-based  d i shes  i n  
res t auran ts  and ready - t o -ea t  ou t le t s ,  f u r the r  p rope l l i ng  th i s  t rend .  The r i se  o f  
on l i ne  g rocery  shopp ing  has  a lso  made  i t  eas ie r  f o r  consumers  to  access  t hese  
va lue-added  produc ts ,  as  they  can  conven ien t l y  o rde r  h igh -qua l i t y  p rawns  and  
sea food  d ishes  f rom the  comfo r t  o f  t he i r  homes .  As  the  marke t  evo lves ,  
manu fac t u rer s  a re  f ocus ing  on  i nnova t ion  and p roduc t  d i f f e ren t ia t i on ,  i n t r oduc ing  
d ive rse  f lavo rs ,  packag ing  so lu t ions ,  and  cook ing  met hods  tha t  appea l  t o  hea l th -
consc ious  consumers .  Th is  t r end  t oward  va lue-added  prawn  produc ts  i s  expec ted  
Report Trends t o  con t inue ,  enhanc ing  marke t  g rowt h  and  prov id ing  consumers  w i t h  g rea te r  
op t i ons  in  t he i r  sea food  cho i ces .
Increas ing Popular i ty  o f  Organic  and Heal th -Conscious Foods:
The  p rawn marke t  s i ze  i s  exper ienc ing  g rowth  due  to  a  b roader  consumer  sh i f t  
t oward  hea l t h i e r  l i f es t y les  and  d ie t s .  As  awareness  about  t he  hea l t h  benef i t s  
assoc ia ted  w i th  sea food  consumpt ion  inc reases ,  consumers  a re  inc reas ing l y  
seek ing  o rgan ic  p rawns  t ha t  a re  f ree  f r om ant ib io t i cs ,  hormones ,  and  a r t i f i c ia l  
add i t i ves .  Th i s  t rend  i s  par t i cu la r l y  p ronounced  among  hea l th -consc ious  
consumers  and  those  who  p r i o r i t i ze  c lean - labe l  p roduc ts ,  d r i v ing  demand  fo r  
p rawns  sou rced  f rom cer t i f i ed  o rgan ic  f a rms .  Fur the rmore ,  t he  r i s ing  popu la r i t y  o f  
l ow-ca lo r i e ,  h igh-p ro t e in  d ie t s  i s  pos i t i on ing  p rawns  as  an  a t t rac t i ve  op t i on ,  
espec ia l l y  in  f i t ness  and hea l th - f ocused communi t ies .
Reta i lers  are responding to  th is  demand by expanding the i r  organic  
seafood of fer ings and h igh l ight ing the nut r i t iona l  benef i ts  o f  prawns,  such 
as the i r  h igh omega-3 fa t ty  ac id  content .  Addi t iona l ly ,  the growing in terest  
in  susta inable  and eth ica l  food sourc ing is  p rompt ing consumers to  favor  
organic  prawns that  are respons ib ly  farmed or  caught .  As th is  t rend 
cont inues,  the prawn market  is  l i ke ly  to  see increased product ion of  
organic  products,  wi th  an emphas is  on t ransparency and susta inabi l i ty ,  
a l ign ing wi th  consumers ’  va lues and d ie tary  preferences.
Report Trends View Report  TOC,  Figures and Tables :  
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lant
Breakup by Species:
• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergi i
• Others
 
Breakup by Prawn Size:
Report • 70
Breakup by Region:
Major Producing Regions:
• China
• India
• Indonesia
• Vietnam
• Thai land
Report • Ecuador
• Others
Segmentation
Major Consuming Regions:
• United States
• China
• Europe
• Japan
• Indonesia
• Others
How has the global prawn market performed so far, and 
how will it perform in the coming years?
What are the drivers, restraints, and opportunities in 
the global prawn market?
What is the impact of each driver, restraint, and 
Key opportunity on the global prawn market?
Questions What are the key regional markets?
Answered in 
Which countries represent the most attractive prawn 
market?
the Report
What is the breakup of the market based on the 
producing and consuming regions?
Which is the most attractive producing and consuming 
regions in the prawn market?
What is the breakup of the market based on species?
Which is the most attractive species in the prawn 
market?
What is the breakup of the market based on prawn size?
Key Which is the most attractive prawn size in the prawn market?
Questions What is the competitive structure of the global prawn 
market?
Answered in 
the Report Who are the key players/companies in the global prawn market?
1     P r e f a c e
2    S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3    E x e c u t i v e  S u m m a r y
4    I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5    G l o b a l  P r a w n  I n d u s t r y    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
        5 . 2 . 1     V o l u m e  T r e n d s
        5 . 2 . 2     V a l u e  T r e n d s
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     P r i c e  T r e n d s
        5 . 4 . 1     K e y  P r i c e  I n d i c a t o r s
        5 . 4 . 2     P r i c e  S t r u c t u r e
        5 . 4 . 3     P r i c e  T r e n d s
    5 . 5     M a r k e t  B r e a k u p  b y  R e g i o n
        5 . 5 . 1     M a j o r  P r a w n  P r o d u c i n g  R e g i o n s
        5 . 5 . 2     M a j o r  P r a w n  C o n s u m i n g  R e g i o n s
    5 . 6     M a r k e t  B r e a k u p  b y  S p e c i e s
    5 . 7     M a r k e t  B r e a k u p  b y  P r a w n  S i z e
    5 . 8     G l o b a l  I m p o r t s  a n d  E x p o r t s
    5 . 9     V a l u e - A d d i t i o n
       
    5 . 1 0     P r o c e s s e d  P r a w n  I m p o r t s :  B r e a k u p  b y  T y p e
    5 . 1 1     M a r k e t  F o r e c a s t
6    G l o b a l  P r a w n  In d u s t r y :  S W O T  A n a l y s is
    6 . 1     O v e r v i e w
    6 . 2     S t r e n g th s
    6 . 3     W e a k n e s s e s
    6 . 4     O p p o r t u n i t i e s
    6 . 5     T h r e a t s
7    G l o b a l  P r a w n  In d u s t r y :  V a l u e  C h a i n  A n a l y s is
    7 . 1     B r o o d s t o c k  a n d  H a t c h e r y
    7 . 2     P r a w n  H a r v e s t i n g
Table of     7 . 3     A u c t i o n    7 . 4     P e e l i n g /P r e - p r o c e s s i n g
    7 . 5     L a r g e  S c a l e  I n d u s t r i a l  P r o c e s s i n g
    7 . 6     D o me s t i c  M a r k e t  
Contents     7 . 7     E x p o r t s  
8    G l o b a l  P r a w n  In d u s t r y :  P o r t e r ’ s  F i v e  F o r c e s  A n a l y s i s
    8 . 1    O v e r v i e w
    8 . 2    B a r g a i n i n g  P o w e r  o f  B u y e r s
    8 . 3    B a r g a i n i n g  P o w e r  o f  S u p p l i e r s
    8 . 4    D e g r e e  o f  R i v a l r y
    8 . 5    T h r e a t  o f  N e w  E n t r a n t s
    8 . 6    T h r e a t  o f  S u b s t i t u t e s
9    G l o b a l  P r a w n  In d u s t r y :  K e y  S u c c e s s  F a c t o r s
1 0    M a jo r  F a r m e d  P r a w n  P r o d u c in g  R e g i o n s  
  1 0 .1    C h i n a  
    1 0 .1 . 1  M a r k e t  T r e n d s
    1 0 .1 . 2  M a r k e t  F o r e c a s t
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