Global Prawn Market Opportunity and Forecasts 2016-2022: Processed Prawn, Peeled Prawn is the Largest Type, Followed by Shell-on Prawn, Cooked Prawn, and Breaded Prawn

The global prawn market reached a volume of nearly 5 Million Tons in 2016, the market is expected to reach a volume of more than 6 Million Tons by 2022, growing at a CAGR of more than 4% during 2017-2022.

As prawns are one of the most popular seafood types, shifting food habits towards the consumption of seafood has provided a thrust to the global prawn market. Moreover, prawns form an essential part of the staple diets of many regions, especially those near the seashore. Since the people living in these regions are largely dependent on prawns for their protein intake, this has resulted in a large consumer-base.

Some of the other factors that have contributed to the growth of the global prawn market are the convenience attached with processed prawns available in ready-to-eat packaging, increasing urban population in the developing regions, and rapid growth of aquaculture across the globe.

The report has segmented the global prawn market on the basis of species including penaeus vannamei, penaeus monodon and others, wherein penaeus vannamei is the most popular. Based on the type of processed prawn, peeled prawn is the largest type, followed by shell-on prawn, cooked prawn, and breaded prawn.

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