Product Code: ETC094310 | Publication Date: Jun 2021 | Updated Date: Jun 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Sri Lanka Shrimp Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 10.37% in 2027, following an initial rate of 7.81%, before easing to 7.53% at the end of the period.
By 2027, Sri Lanka's Shrimp market is forecasted to achieve a high growth rate of 10.37%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The Sri Lanka shrimp market has been experiencing steady growth in recent years, driven by increasing demand for seafood both domestically and internationally. The country is known for producing high-quality black tiger and white prawn varieties, which are popular in global markets. Sri Lanka`s shrimp industry is predominantly export-oriented, with key markets including the European Union, the United States, and Japan. The industry is supported by modern aquaculture practices, stringent quality control measures, and sustainable farming techniques. However, challenges such as disease outbreaks, environmental concerns, and competition from other shrimp-producing countries exist. Despite these challenges, the Sri Lanka shrimp market is expected to continue its growth trajectory, supported by rising consumer preference for healthy and sustainable seafood options.
Currently, the Sri Lanka Shrimp Market is experiencing a trend towards sustainable and organic shrimp farming practices to meet the increasing consumer demand for ethically sourced seafood products. There is a growing awareness among consumers about the environmental impact of shrimp farming, leading to a preference for products that are produced using eco-friendly methods. Additionally, there is a focus on quality and traceability in the supply chain, with consumers seeking assurances about the origin and production process of the shrimp they purchase. The market is also seeing a rise in value-added shrimp products, such as ready-to-cook and ready-to-eat options, catering to the convenience-seeking consumer segment. Overall, the Sri Lanka Shrimp Market is evolving towards more sustainable and transparent practices to meet the changing preferences of consumers.
In the Sri Lanka shrimp market, there are several challenges faced by industry players. One major challenge is the increasing competition from other shrimp-producing countries, which puts pressure on Sri Lankan shrimp producers to maintain competitiveness in terms of pricing and quality. Additionally, fluctuating global demand and market prices can impact the profitability of shrimp exports from Sri Lanka. Issues related to environmental sustainability and compliance with international standards for shrimp farming practices also pose challenges for the industry. Furthermore, disease outbreaks in shrimp farms, lack of access to advanced technology and infrastructure, and regulatory hurdles can hinder the growth of the Sri Lankan shrimp market. Overcoming these challenges will require strategic planning, investment in technology and infrastructure, and adherence to best practices in shrimp farming.
The Sri Lanka shrimp market presents several promising investment opportunities due to the country`s growing aquaculture industry and increasing demand for shrimp both domestically and internationally. Investors can consider opportunities in shrimp farming operations, processing facilities, technology and equipment suppliers, and export businesses. With Sri Lanka`s strategic location, favorable climate conditions, and skilled workforce, the shrimp industry is well-positioned for growth. Additionally, the government`s support for the aquaculture sector through initiatives such as tax incentives and infrastructure development further enhances the investment potential in the Sri Lanka shrimp market. Overall, investors looking to capitalize on the expanding global demand for shrimp can explore various avenues within the Sri Lankan market to potentially achieve solid returns on their investment.
The Sri Lankan government has implemented various policies to regulate and support the shrimp market in the country. These policies include licensing requirements for shrimp farming operations, environmental regulations to ensure sustainable practices, and quality standards to maintain product integrity. Additionally, the government provides financial support and technical assistance to shrimp farmers to enhance productivity and competitiveness in the global market. Furthermore, there are strict regulations in place to prevent the spread of diseases in shrimp farms, as well as measures to promote responsible aquaculture practices. Overall, the government`s policies aim to promote growth and sustainability in the Sri Lankan shrimp market while ensuring adherence to international standards and environmental conservation efforts.
The future outlook for the Sri Lanka shrimp market appears promising, driven by factors such as increasing demand for seafood globally, technological advancements in aquaculture practices, and growing consumer preference for healthy and sustainable protein sources. Sri Lanka`s strategic location, conducive climate conditions for shrimp farming, and government support for the aquaculture industry further contribute to the market`s growth potential. However, challenges such as environmental sustainability, disease management, and competition from other shrimp-producing countries could impact the market. Overall, with the right investment in infrastructure, technology, and sustainability measures, the Sri Lanka shrimp market is likely to experience steady growth and attract more opportunities for export and domestic consumption in the coming years.
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 Sri Lanka Shrimp Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Shrimp Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka Shrimp Market - Industry Life Cycle |
3.4 Sri Lanka Shrimp Market - Porter's Five Forces |
3.5 Sri Lanka Shrimp Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.6 Sri Lanka Shrimp Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Sri Lanka Shrimp Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Sri Lanka Shrimp Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.9 Sri Lanka Shrimp Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Sri Lanka Shrimp Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Sri Lanka Shrimp Market Trends |
6 Sri Lanka Shrimp Market, By Types |
6.1 Sri Lanka Shrimp Market, By Species |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Shrimp Market Revenues & Volume, By Species, 2018 - 2027F |
6.1.3 Sri Lanka Shrimp Market Revenues & Volume, By Gulf Shrimps, 2018 - 2027F |
6.1.4 Sri Lanka Shrimp Market Revenues & Volume, By Farmed Whiteleg Shrimps, 2018 - 2027F |
6.1.5 Sri Lanka Shrimp Market Revenues & Volume, By Banded Coral Shrimps, 2018 - 2027F |
6.1.6 Sri Lanka Shrimp Market Revenues & Volume, By Royal Red Shrimp, 2018 - 2027F |
6.1.7 Sri Lanka Shrimp Market Revenues & Volume, By Giant Tiger Shrimps, 2018 - 2027F |
6.1.8 Sri Lanka Shrimp Market Revenues & Volume, By Blue Shrimps, 2018 - 2027F |
6.2 Sri Lanka Shrimp Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Shrimp Market Revenues & Volume, By Organic, 2018 - 2027F |
6.2.3 Sri Lanka Shrimp Market Revenues & Volume, By Conventional, 2018 - 2027F |
6.3 Sri Lanka Shrimp Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Shrimp Market Revenues & Volume, By Canned, 2018 - 2027F |
6.3.3 Sri Lanka Shrimp Market Revenues & Volume, By Breaded, 2018 - 2027F |
6.3.4 Sri Lanka Shrimp Market Revenues & Volume, By Peeled, 2018 - 2027F |
6.3.5 Sri Lanka Shrimp Market Revenues & Volume, By Cooked & Peeled, 2018 - 2027F |
6.3.6 Sri Lanka Shrimp Market Revenues & Volume, By Shell-On, 2018 - 2027F |
6.3.7 Sri Lanka Shrimp Market Revenues & Volume, By Frozen, 2018 - 2027F |
6.4 Sri Lanka Shrimp Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Sri Lanka Shrimp Market Revenues & Volume, By Direct, 2018 - 2027F |
6.4.3 Sri Lanka Shrimp Market Revenues & Volume, By Indirect, 2018 - 2027F |
6.5 Sri Lanka Shrimp Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Sri Lanka Shrimp Market Revenues & Volume, By Food, 2018 - 2027F |
6.5.3 Sri Lanka Shrimp Market Revenues & Volume, By Pharmaceutical, 2018 - 2027F |
6.5.4 Sri Lanka Shrimp Market Revenues & Volume, By Cosmetics, 2018 - 2027F |
6.5.5 Sri Lanka Shrimp Market Revenues & Volume, By Industrial, 2018 - 2027F |
6.5.6 Sri Lanka Shrimp Market Revenues & Volume, By Biotechnology, 2018 - 2027F |
7 Sri Lanka Shrimp Market Import-Export Trade Statistics |
7.1 Sri Lanka Shrimp Market Export to Major Countries |
7.2 Sri Lanka Shrimp Market Imports from Major Countries |
8 Sri Lanka Shrimp Market Key Performance Indicators |
9 Sri Lanka Shrimp Market - Opportunity Assessment |
9.1 Sri Lanka Shrimp Market Opportunity Assessment, By Species, 2021 & 2031F |
9.2 Sri Lanka Shrimp Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Sri Lanka Shrimp Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Sri Lanka Shrimp Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.5 Sri Lanka Shrimp Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sri Lanka Shrimp Market - Competitive Landscape |
10.1 Sri Lanka Shrimp Market Revenue Share, By Companies, 2021 |
10.2 Sri Lanka Shrimp Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |