A Study of Shrimp in Japan’s Culinary Evolution from 2023 to 2033
By 2023, the shrimp demand in Japan is projected to be valued at US$ 4,735.82 million. Shrimp sales in Japan to record a CAGR of 7.2% between 2023 and 2033. By 2033, the shrimp industry in Japan is anticipated to surge to US$ 9,520.07 million.
The rising demand for seafood by consumers is predicted to propel steady market growth in shrimp in Japan. The trend for shrimp in Japan is influenced by factors like the health advantages, the adaptability of cuisine, and growing public awareness of sustainable fishing methods. Japan's preference for premium seafood means there is potential for market growth in shrimp.
Market Dynamics Shaping Shrimp Industry in Japan
Demand for shrimp in Japan is steady because of the cultural importance of seafood, especially shrimp, in traditional dishes.
The shrimp market in Japan, which imports a lot of seafood, is impacted by worldwide shrimp exports and production patterns. Shifts in the production levels of important shrimp-producing nations like Thailand, Vietnam, and India may affect the supply and prices in the Japanese market.
Being a low-calorie, high-protein food source, shrimp is popular among the generally health-conscious Japanese population. The demand for shrimp may rise as people become more aware of the advantages of eating seafood.
High standards for food safety and quality are prominent among Japanese consumers. Compliance with these regulations affects the shrimp demand in Japan; to be accepted, shrimp produced domestically and imported must meet stringent requirements.
Attributes
Details
Industry Size (2023)
US$ 4,735.82 million
Forecasted Industry Size (2033)
US$ 9,520.07 million
CAGR Estimation (2023 to 2033)
7.2%
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Market Hurdles for Shrimp Producers in Japan
Numerous diseases can cause severe losses in the shrimp farming industry. In the shrimp farming sector, diseases like White Spot Syndrome Virus (WSSV) and Early Mortality Syndrome (EMS) have been significant concerns.
Modifications to international trade agreements, tariffs, and trade policies can impact shrimp import and export. Due to Japan's stringent food safety regulations, shrimp producers in Japan may face difficulties.
Prices and market share in the shrimp industry are subject to competition. Shrimp producers in Japan might face difficulties in remaining profitable and maintaining a presence in the market.
Since shrimp is traded internationally, changes in exchange rates can affect the price of importing or exporting shrimp, which can alter the market trends for shrimp in Japan.
Comparative View of Adjacent Shrimp in Key Markets
Different patterns show up when comparing the strategies used in the shrimp markets of Japan, Korea, and Western Europe. Shrimp preferences in Japan are growing, indicative of changing consumer tastes. The table presents strategic variants customized to each region's distinct market dynamics.
Shrimp industry players strategically navigate different market demands, whether responding to Japan's emerging trends, Korea's well-established preferences, or Western Europe's varied consumer landscape. To help stakeholders refine and optimize their market penetration and success strategies, the thorough overview makes it easier to understand how the shrimp market dynamically responds to regional nuances.
Industry Analysis of Shrimp in Japan:
Attributes
Industry Analysis of Shrimp in Japan
CAGR between 2023 to 2033
7.2%
Industry Size in 2023
US$ 4,735.82 million
Key Trends
Demand for traceable and sustainable shrimp products is rising in Japan's shrimp market.
Technological developments in aquaculture have helped Japan become more competitive in the market and produce more shrimp.
Key Challenge
Shrimp is becoming expensive in Japan due to rising import duties.
Farmers of shrimp face difficulties due to strict regulations on aquaculture practices.
Industry Analysis of Shrimp in Western Europe:
Attributes
Industry Analysis of Shrimp in Western Europe
CAGR between 2023 to 2033
8.1%
Industry Size in 2023
US$ 7,922.63 million
Key Trends
New methods of processing shrimp, like freeze-drying, are becoming popular in the shrimp market in Western Europe.
Ready-to-eat and convenience shrimp products are increasingly popular in the Western European shrimp market.
Key Challenge
Shrimp market share is impacted by competition from other protein sources.
Demand for sustainable shrimp is a result of worries about the effects on the environment.
Industry Analysis of Shrimp in Korea:
Attributes
Industry Analysis of Shrimp in Korea
CAGR between 2023 to 2033
8.9%
Industry Size in 2023
US$ 2,750.18 million
Key Trends
In Korea, there is a growing demand for shrimp that is free of antibiotics and is produced organically.
The convenience that eCommerce platforms provide to Korean consumers is a significant factor in the growth of shrimp sales.
Key Challenge
Shrimp farming's limited adoption of technology reduces productivity and yield.
Changing consumer demands for the shrimp supply chain's transparency and traceability.
Find your sweet spots for generating winning opportunities in this market.
Category-wise Insights
This section contains a comprehensive segmentation analysis of shrimp in Japan. The shrimp producers are keeping a careful eye on the state of the market and the growing demand for farmed whiteleg shrimp. The source category is surpassed by the conventional segment.
Farmed Whiteleg Shrimps Segment Lead Shrimp Sales in Japan
The segment with the significant shrimp sales in Japan is farmed whiteleg shrimps, indicating a strong consumer preference for this specific species.
A few reasons behind the growing popularity of farmed whiteleg shrimps are their reliable quality, accessibility, and environmentally friendly farming methods.
Segment
Farmed Whiteleg Shrimps
Share in 2023
40.80%
Farmed whiteleg shrimps' favorable taste profiles and adaptability in various culinary applications may contribute to the market's preference for them. The certainty of managed farming environments, which support a consistent supply, may entice consumers.
The farmed whiteleg shrimp segment emerges as a dominant force in the shrimp market in Japan by matching consumer preferences with market dynamics.
Conventional Shrimp Segment Holds the Upper Hand in Consumer Choices in Japan
The shrimp sales in Japan are dominated by the conventional segment, surpassing that of the organic segment. Numerous factors, such as supply chain dynamics, cost considerations, and established consumer preferences, are blamed for the trend.
Japanese consumers have historically shown a stronger preference for traditional shrimp since they are accustomed to the taste and believe that the price and quality are balanced.
Segment
Conventional
Share in 2023
88.90%
The established infrastructure for conventional shrimp production facilitates a more widespread and easily accessible shrimp market presence. Demand for organic shrimp is rising, but the conventional segment continues to command the substantial share of the market.
The continually shifting seafood industry in Japan experiences a complex interplay of logistical, cultural, and economic factors that influence consumer behavior.
Competitive Landscape
Key players define the competitive landscape of the Japanese shrimp market. Leading shrimp growers control a significant portion of the market with their widely recognized distribution networks and wide range of products.
Regional shrimp producers are also present in the market, emphasizing premium quality products and sustainable practices. The competitiveness of the shrimp industry is influenced by elements such as improvements in aquaculture technology and rising consumer demand for seafood that is healthful.
The competitive dynamics are shaped by partnerships with retail chains and a focus on traceability, which promote innovation and expansion in the shrimp market in Japan.
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Key Developments Observed in Shrimp in Japan
Maruha Nichiro Corporation is a well-known Japanese seafood company that dominates the international shrimp market.
Nissui, another significant participant in the seafood sector, Nissui works in several fishing and aquaculture-related capacities.
A company that distributes and processes seafood with an emphasis on premium goods is Kyokuyo Co., Ltd.
Despite having its headquarters in Norway, Austevoll Seafood ASA is a well-known player in the Japanese seafood industry.
Thai Union Group is a well-known worldwide seafood producer that operates in Japan and offers various seafood products.
Prominent Players of Shrimp in Japan
Maruha Nichiro Corporation
Nissui
Kyokuyo Co., Ltd.
Austevoll Seafood ASA
Thai Union Group
Scope of the Report
Attribute
Details
Estimated Valuation (2023)
US$ 4,735.82 million
Projected Valuation (2033)
US$ 9,520.07 million
Anticipated CAGR (2023 to 2033)
7.2%
Historical Analysis of Shrimp in Japan
2018 to 2022
Demand Forecast for Shrimp in Japan
2023 to 2033
Quantitative Units
Revenue in US$ million and CAGR from 2023 to 2033
Report Coverage
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Key Cities Analyzed for Shrimp in Japan
Kanto
Chubu
Kinki
Kyushu & Okinawa
Tohoku
Rest of Japan
Key Companies Profiled for Shrimp in Japan
Maruha Nichiro Corporation
Nissui
Kyokuyo Co., Ltd.
Austevoll Seafood ASA
Thai Union Group
Key Segments
By Species:
Gulf Shrimps
Farmed Whiteleg Shrimps
Banded Coral Shrimps
Royal Red Shrimp
Giant Tiger Shrimps
Blue Shrimps
Ocean Shrimps
By Source:
Organic
Conventional
By Form:
Canned
Breaded
Peeled
Cooked and Peeled
Shell-on
Frozen
By Sales Channel:
Direct
Indirect
By Application:
Food
Pharmaceutical
Cosmetics
Industrial
Biotechnology
By City:
Kanto
Chubu
Kinki
Kyushu & Okinawa
Tohoku
Rest of Japan
Frequently Asked Questions
At What CAGR is the Shrimp Ecosystem Growing in Japan?
The anticipated CAGR for shrimp in Japan is 7.2% through 2033.
How Big will the Shrimp Market be in Japan?
Demand for shrimp in Japan is likely to surpass US$ 9,520.07 million by 2033.
What is the Current Valuation of Demand for Shrimp in Japan?
The shrimp demand in Japan is valued at US$ 4,735.82 million in 2023.
Which is the Preferred Species Category for Shrimp in Japan?
The farmed whiteleg shrimps segment leads the industry with a share of 40.80%.
Which Source Category Contributes Significantly?
The conventional shrimp segment acquires a share of 88.90% in the industry.
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Species
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Species, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Species, 2023 to 2033
5.3.1. Gulf Shrimps
5.3.2. Farmed White leg Shrimps
5.3.3. Banded Coral Shrimps
5.3.4. Royal Red Shrimp
5.3.5. Giant Tiger Shrimps
5.3.6. Blue Shrimps
5.3.7. Ocean Shrimps
5.4. Y-o-Y Growth Trend Analysis By Species, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Species, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Source
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Source, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Source, 2023 to 2033
6.3.1. Organic
6.3.2. Conventional
6.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Form, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Form, 2023 to 2033
7.3.1. Canned
7.3.2. Breaded
7.3.3. Peeled
7.3.4. Cooked & Peeled
7.3.5. Shell-On
7.3.6. Frozen
7.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Sales Channel, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Sales Channel, 2023 to 2033
8.3.1. Direct
8.3.2. Indirect
8.3.2.1. Modern Trade
8.3.2.2. Convenience Stores
8.3.2.3. Specialty Food Stores
8.3.2.4. Wholesale Stores
8.3.2.5. Online Retail
8.3.2.6. Other Retail Formats
8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Application, 2018 to 2022
9.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Application, 2023 to 2033
9.3.1. Food
9.3.2. Pharmaceutical
9.3.3. Cosmetics
9.3.4. Industrial
9.3.5. Biotechnology
9.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
10.1. Introduction
10.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022
10.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033
10.3.1. Kanto
10.3.2. Chubu
10.3.3. Kinki
10.3.4. Kyushu & Okinawa
10.3.5. Tohoku
10.3.6. Rest of
10.4. Market Attractiveness Analysis By Region
11. Kanto Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Species
11.2.2. By Source
11.2.3. By Form
11.2.4. By Sales Channel
11.2.5. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Species
11.3.2. By Source
11.3.3. By Form
11.3.4. By Sales Channel
11.3.5. By Application
11.4. Key Takeaways
12. Chubu Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Species
12.2.2. By Source
12.2.3. By Form
12.2.4. By Sales Channel
12.2.5. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Species
12.3.2. By Source
12.3.3. By Form
12.3.4. By Sales Channel
12.3.5. By Application
12.4. Key Takeaways
13. Kinki Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Species
13.2.2. By Source
13.2.3. By Form
13.2.4. By Sales Channel
13.2.5. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Species
13.3.2. By Source
13.3.3. By Form
13.3.4. By Sales Channel
13.3.5. By Application
13.4. Key Takeaways
14. Kyushu & Okinawa Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Species
14.2.2. By Source
14.2.3. By Form
14.2.4. By Sales Channel
14.2.5. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Species
14.3.2. By Source
14.3.3. By Form
14.3.4. By Sales Channel
14.3.5. By Application
14.4. Key Takeaways
15. Tohoku Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
15.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Species
15.2.2. By Source
15.2.3. By Form
15.2.4. By Sales Channel
15.2.5. By Application
15.3. Market Attractiveness Analysis
15.3.1. By Species
15.3.2. By Source
15.3.3. By Form
15.3.4. By Sales Channel
15.3.5. By Application
15.4. Key Takeaways
16. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
16.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
16.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
16.2.1. By Species
16.2.2. By Source
16.2.3. By Form
16.2.4. By Sales Channel
16.2.5. By Application
16.3. Market Attractiveness Analysis
16.3.1. By Species
16.3.2. By Source
16.3.3. By Form
16.3.4. By Sales Channel
16.3.5. By Application
16.4. Key Takeaways
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Species
17.3.3. By Source
17.3.4. By Form
17.3.5. By Sales Channel
17.3.6. By Application
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Maruha Nichiro Corporation
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Nippon Suisan Kaisha
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Jintatsu Foodstuff Co., Ltd
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. TOYO REIZO Co., Ltd
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Aqua Star Corp.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Avanti Feeds Ltd.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Devi Fisheries Limited
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Falcon Marine Exports
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. BMR Groups
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Clearwater Seafoods Inc.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. High Liner Foods Inc.
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
19. Assumptions & Acronyms Used20. Research Methodology
