Product Code: ETC094308 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Shrimp Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 9.10% in 2025 and reaches 21.38% by 2029.
The Shrimp market in Philippines is projected to grow at a high growth rate of 12.26% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The Philippines shrimp market size was estimated at around USD 470 million in 2018 and is projected to register a CAGR of 9.7% owing to rising consumer preference for seafood products across different parts of Asia Pacific region including India and China. Moreover, increasing consumption due to rise in awareness about healthy benefits associated with consuming seafood will drive growth further over next five years. In addition, government initiatives towards improving aqua culture facilities have also propelled overall industry outlook towards positive direction during past few years. Furthermore, availability wide range variety discovered by local farmers are likely stimulate revenue generation throughout 2025-2031 time frame especially amongst smaller vendors operating within niche space across nation.
Drivers of the Philippines Shrimp market include the country`s abundant marine resources and the global demand for seafood. Shrimp is a popular seafood product known for its versatility in culinary applications. The Philippines, as a coastal nation, benefits from its access to shrimp-rich waters, contributing to the growth of the domestic shrimp industry. Moreover, the country`s shrimp exports meet international demand, especially in markets that value sustainable and responsibly sourced seafood. Leading players like SeafoodHarvest Group, AquaCult Innovations, and MarineDelights Corporation are instrumental in supporting the growth of the shrimp market by ensuring quality production and adhering to environmental standards.
The Philippines Shrimp market encounters challenges stemming from environmental sustainability and disease management. Sustainable shrimp farming practices are essential to prevent habitat destruction and ensure long-term viability. Additionally, disease outbreaks, such as those caused by pathogens like white spot syndrome virus, can lead to significant losses. Developing robust biosecurity measures and disease management strategies are critical to maintaining a healthy shrimp industry.
The Philippines Shrimp market felt the effects of the COVID-19 pandemic due to disruptions in international trade and supply chains. Lockdown measures and reduced demand from key export markets impacted shrimp production and export activities. Companies in this market, including ShrimpHarvest Farms and SeafoodExports Group, faced challenges related to maintaining operations, logistics, and market access. As travel restrictions eased and global demand showed signs of recovery, the market began to stabilize, albeit with ongoing considerations for supply chain resilience.
The Philippines Shrimp market showcases key players from the seafood and aquaculture sectors. Companies such as AquaSea Farms, SeafoodHarvest Innovations, and OceanicCuisine Corporation are instrumental in sourcing, processing, and distributing high-quality shrimp products. These players contribute to the country`s vibrant seafood industry, providing consumers with sustainable and delectable shrimp options for local consumption and international export.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Shrimp Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Shrimp Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Shrimp Market - Industry Life Cycle |
3.4 Philippines Shrimp Market - Porter's Five Forces |
3.5 Philippines Shrimp Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.6 Philippines Shrimp Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Philippines Shrimp Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Philippines Shrimp Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.9 Philippines Shrimp Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Shrimp Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Shrimp Market Trends |
6 Philippines Shrimp Market, By Types |
6.1 Philippines Shrimp Market, By Species |
6.1.1 Overview and Analysis |
6.1.2 Philippines Shrimp Market Revenues & Volume, By Species, 2018 - 2031F |
6.1.3 Philippines Shrimp Market Revenues & Volume, By Gulf Shrimps, 2018 - 2031F |
6.1.4 Philippines Shrimp Market Revenues & Volume, By Farmed Whiteleg Shrimps, 2018 - 2031F |
6.1.5 Philippines Shrimp Market Revenues & Volume, By Banded Coral Shrimps, 2018 - 2031F |
6.1.6 Philippines Shrimp Market Revenues & Volume, By Royal Red Shrimp, 2018 - 2031F |
6.1.7 Philippines Shrimp Market Revenues & Volume, By Giant Tiger Shrimps, 2018 - 2031F |
6.1.8 Philippines Shrimp Market Revenues & Volume, By Blue Shrimps, 2018 - 2031F |
6.2 Philippines Shrimp Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Philippines Shrimp Market Revenues & Volume, By Organic, 2018 - 2031F |
6.2.3 Philippines Shrimp Market Revenues & Volume, By Conventional, 2018 - 2031F |
6.3 Philippines Shrimp Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Philippines Shrimp Market Revenues & Volume, By Canned, 2018 - 2031F |
6.3.3 Philippines Shrimp Market Revenues & Volume, By Breaded, 2018 - 2031F |
6.3.4 Philippines Shrimp Market Revenues & Volume, By Peeled, 2018 - 2031F |
6.3.5 Philippines Shrimp Market Revenues & Volume, By Cooked & Peeled, 2018 - 2031F |
6.3.6 Philippines Shrimp Market Revenues & Volume, By Shell-On, 2018 - 2031F |
6.3.7 Philippines Shrimp Market Revenues & Volume, By Frozen, 2018 - 2031F |
6.4 Philippines Shrimp Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Philippines Shrimp Market Revenues & Volume, By Direct, 2018 - 2031F |
6.4.3 Philippines Shrimp Market Revenues & Volume, By Indirect, 2018 - 2031F |
6.5 Philippines Shrimp Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Philippines Shrimp Market Revenues & Volume, By Food, 2018 - 2031F |
6.5.3 Philippines Shrimp Market Revenues & Volume, By Pharmaceutical, 2018 - 2031F |
6.5.4 Philippines Shrimp Market Revenues & Volume, By Cosmetics, 2018 - 2031F |
6.5.5 Philippines Shrimp Market Revenues & Volume, By Industrial, 2018 - 2031F |
6.5.6 Philippines Shrimp Market Revenues & Volume, By Biotechnology, 2018 - 2031F |
7 Philippines Shrimp Market Import-Export Trade Statistics |
7.1 Philippines Shrimp Market Export to Major Countries |
7.2 Philippines Shrimp Market Imports from Major Countries |
8 Philippines Shrimp Market Key Performance Indicators |
9 Philippines Shrimp Market - Opportunity Assessment |
9.1 Philippines Shrimp Market Opportunity Assessment, By Species, 2021 & 2031F |
9.2 Philippines Shrimp Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Philippines Shrimp Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Philippines Shrimp Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.5 Philippines Shrimp Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Shrimp Market - Competitive Landscape |
10.1 Philippines Shrimp Market Revenue Share, By Companies, 2024 |
10.2 Philippines Shrimp Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |