Product Code: ETC094317 | Publication Date: Jun 2021 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Turkiye Shrimp Market may undergo a gradual slowdown in growth rates between 2025 and 2029. Starting high at 11.20% in 2025, the market steadily declines to 5.80% by 2029.
In the Europe region, the Shrimp market in Turkiye is projected to expand at a growing growth rate of 9.42% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.
The Turkey shrimp market has been witnessing steady growth due to increasing consumer demand for seafood products, health-conscious eating habits, and the rise in aquaculture production. Turkey`s strategic location between Europe and Asia has also boosted the shrimp market, allowing for easy access to export markets. The market is primarily driven by the domestic consumption of shrimp, as well as the export opportunities to countries within the European Union. However, challenges such as environmental concerns, competition from other seafood products, and fluctuating market prices present hurdles for market growth. Despite these challenges, the Turkey shrimp market is expected to continue its positive trajectory, with opportunities for sustainable aquaculture practices and innovative marketing strategies driving further expansion in the coming years.
The Turkey shrimp market is experiencing several key trends. Firstly, there is a growing demand for sustainably sourced shrimp as consumers become more conscious of environmental and ethical considerations. This has led to an increase in certifications such as organic and Fair Trade. Additionally, convenience products such as pre-cooked or pre-marinated shrimp are gaining popularity among busy consumers looking for quick meal solutions. Health-conscious consumers are also driving the demand for healthier shrimp options, such as antibiotic-free or low-sodium varieties. Lastly, e-commerce is playing a significant role in the market, with more consumers turning to online platforms to purchase shrimp due to convenience and a wider variety of options available. Overall, these trends are shaping the Turkey shrimp market towards more sustainable, convenient, and healthier choices.
In the Turkey Shrimp Market, some key challenges include fluctuations in global shrimp prices, competition from other seafood products, regulatory constraints, and environmental sustainability concerns. The volatility in global shrimp prices can impact the profitability of shrimp producers and exporters in Turkey. Additionally, the market faces competition from alternative seafood options, which can affect consumer demand for shrimp products. Regulatory constraints, such as trade barriers and food safety standards, can also pose challenges for businesses operating in the shrimp market. Furthermore, there is a growing emphasis on environmental sustainability in the seafood industry, leading to increased pressure on shrimp producers to adopt sustainable practices. Addressing these challenges will be crucial for the long-term growth and success of the Turkey Shrimp Market.
Investment opportunities in the Turkey Shrimp Market include the potential for growth in shrimp production due to increasing demand for shrimp both domestically and internationally. Turkey`s strategic location between Europe and Asia offers opportunities for exporting shrimp to various markets. Investments in modern aquaculture technologies and sustainable practices can enhance production efficiency and quality, making Turkish shrimp more competitive globally. Additionally, the rising trend of healthy eating and the increased popularity of seafood consumption present a favorable environment for investment in value-added shrimp products, such as processed and ready-to-eat shrimp items. Collaborations with local producers and government support for the aquaculture industry can further boost investment prospects in the Turkey Shrimp Market.
Government policies related to the Turkey Shrimp Market include regulations on fishing quotas, environmental sustainability, and food safety standards. The government has implemented measures to control overfishing and ensure the long-term viability of shrimp stocks by setting limits on catch volumes and promoting responsible fishing practices. Additionally, there are strict guidelines in place to protect the marine environment and reduce the impact of shrimp farming on ecosystems. Food safety regulations are also enforced to guarantee the quality and safety of shrimp products for consumers. Overall, government policies in Turkey aim to balance the economic benefits of the shrimp industry with environmental conservation and public health concerns.
The Turkey shrimp market is expected to witness steady growth in the coming years, driven by factors such as increasing consumer demand for seafood, changing dietary preferences, and the rising popularity of shrimp-based dishes. The market is likely to benefit from advancements in aquaculture practices and technology, leading to improved production efficiency and sustainability. Additionally, the growing awareness about the health benefits of consuming shrimp, such as being a good source of protein and essential nutrients, is expected to further fuel market growth. However, challenges such as environmental concerns, fluctuating prices of feed ingredients, and competition from other seafood products may impact the market dynamics. Overall, the Turkey shrimp market is poised for expansion, with opportunities for market players to innovate and capitalize on the growing demand for quality shrimp products.
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 Turkey Shrimp Market Overview |
3.1 Turkey Country Macro Economic Indicators |
3.2 Turkey Shrimp Market Revenues & Volume, 2021 & 2031F |
3.3 Turkey Shrimp Market - Industry Life Cycle |
3.4 Turkey Shrimp Market - Porter's Five Forces |
3.5 Turkey Shrimp Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.6 Turkey Shrimp Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Turkey Shrimp Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Turkey Shrimp Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.9 Turkey Shrimp Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Turkey Shrimp Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for healthy and sustainable seafood options |
4.2.2 Growth in the aquaculture industry leading to higher production of turkey shrimp |
4.2.3 Rising awareness about the nutritional benefits of shrimp consumption |
4.3 Market Restraints |
4.3.1 Environmental concerns related to shrimp farming practices |
4.3.2 Fluctuating prices of feed and raw materials impacting production costs |
4.3.3 Regulatory challenges and compliance requirements in the shrimp farming industry |
5 Turkey Shrimp Market Trends |
6 Turkey Shrimp Market, By Types |
6.1 Turkey Shrimp Market, By Species |
6.1.1 Overview and Analysis |
6.1.2 Turkey Shrimp Market Revenues & Volume, By Species, 2018 - 2027F |
6.1.3 Turkey Shrimp Market Revenues & Volume, By Gulf Shrimps, 2018 - 2027F |
6.1.4 Turkey Shrimp Market Revenues & Volume, By Farmed Whiteleg Shrimps, 2018 - 2027F |
6.1.5 Turkey Shrimp Market Revenues & Volume, By Banded Coral Shrimps, 2018 - 2027F |
6.1.6 Turkey Shrimp Market Revenues & Volume, By Royal Red Shrimp, 2018 - 2027F |
6.1.7 Turkey Shrimp Market Revenues & Volume, By Giant Tiger Shrimps, 2018 - 2027F |
6.1.8 Turkey Shrimp Market Revenues & Volume, By Blue Shrimps, 2018 - 2027F |
6.2 Turkey Shrimp Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Turkey Shrimp Market Revenues & Volume, By Organic, 2018 - 2027F |
6.2.3 Turkey Shrimp Market Revenues & Volume, By Conventional, 2018 - 2027F |
6.3 Turkey Shrimp Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Turkey Shrimp Market Revenues & Volume, By Canned, 2018 - 2027F |
6.3.3 Turkey Shrimp Market Revenues & Volume, By Breaded, 2018 - 2027F |
6.3.4 Turkey Shrimp Market Revenues & Volume, By Peeled, 2018 - 2027F |
6.3.5 Turkey Shrimp Market Revenues & Volume, By Cooked & Peeled, 2018 - 2027F |
6.3.6 Turkey Shrimp Market Revenues & Volume, By Shell-On, 2018 - 2027F |
6.3.7 Turkey Shrimp Market Revenues & Volume, By Frozen, 2018 - 2027F |
6.4 Turkey Shrimp Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Turkey Shrimp Market Revenues & Volume, By Direct, 2018 - 2027F |
6.4.3 Turkey Shrimp Market Revenues & Volume, By Indirect, 2018 - 2027F |
6.5 Turkey Shrimp Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Turkey Shrimp Market Revenues & Volume, By Food, 2018 - 2027F |
6.5.3 Turkey Shrimp Market Revenues & Volume, By Pharmaceutical, 2018 - 2027F |
6.5.4 Turkey Shrimp Market Revenues & Volume, By Cosmetics, 2018 - 2027F |
6.5.5 Turkey Shrimp Market Revenues & Volume, By Industrial, 2018 - 2027F |
6.5.6 Turkey Shrimp Market Revenues & Volume, By Biotechnology, 2018 - 2027F |
7 Turkey Shrimp Market Import-Export Trade Statistics |
7.1 Turkey Shrimp Market Export to Major Countries |
7.2 Turkey Shrimp Market Imports from Major Countries |
8 Turkey Shrimp Market Key Performance Indicators |
8.1 Average size of turkey shrimp harvest per farm |
8.2 Percentage increase in adoption of sustainable shrimp farming practices |
8.3 Number of new product developments in the turkey shrimp market |
9 Turkey Shrimp Market - Opportunity Assessment |
9.1 Turkey Shrimp Market Opportunity Assessment, By Species, 2021 & 2031F |
9.2 Turkey Shrimp Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Turkey Shrimp Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Turkey Shrimp Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.5 Turkey Shrimp Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Turkey Shrimp Market - Competitive Landscape |
10.1 Turkey Shrimp Market Revenue Share, By Companies, 2021 |
10.2 Turkey Shrimp Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |