Shrimp Market in Japan Growth & Trends 2023 to 2033

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 USD 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 USD 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)	USD 4,735.82 million
Forecasted Industry Size (2033)	USD 9,520.07 million
CAGR Estimation (2023 to 2033)	7.2%

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.

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.

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)	USD 4,735.82 million
Projected Valuation (2033)	USD 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 USD 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

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
• 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Species
  • 5.1. Gulf Shrimps
  • 5.2. Farmed White leg Shrimps
  • 5.3. Banded Coral Shrimps
  • 5.4. Royal Red Shrimp
  • 5.5. Giant Tiger Shrimps
  • 5.6. Blue Shrimps
  • 5.7. Ocean Shrimps
• 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Source
  • 6.1. Organic
  • 6.2. Conventional
• 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form
  • 7.1. Canned
  • 7.2. Breaded
  • 7.3. Peeled
  • 7.4. Cooked & Peeled
  • 7.5. Shell-On
  • 7.6. Frozen
• 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
  • 8.1. Direct
  • 8.2. Indirect
    • 8.2.1. Modern Trade
    • 8.2.2. Convenience Stores
    • 8.2.3. Specialty Food Stores
    • 8.2.4. Wholesale Stores
    • 8.2.5. Online Retail
    • 8.2.6. Other Retail Formats
• 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
  • 9.1. Food
  • 9.2. Pharmaceutical
  • 9.3. Cosmetics
  • 9.4. Industrial
  • 9.5. Biotechnology
• 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 10.1. Kanto
  • 10.2. Chubu
  • 10.3. Kinki
  • 10.4. Kyushu & Okinawa
  • 10.5. Tohoku
  • 10.6. Rest of Japan
• 11. Kanto Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 12. Chubu Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 13. Kinki Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 14. Kyushu & Okinawa Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 15. Tohoku Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 16. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Maruha Nichiro Corporation
  • 18.2. Nippon Suisan Kaisha
  • 18.3. Jintatsu Foodstuff Co., Ltd
  • 18.4. TOYO REIZO Co., Ltd
  • 18.5. Aqua Star Corp.
  • 18.6. Avanti Feeds Ltd.
  • 18.7. Devi Fisheries Limited
  • 18.8. Falcon Marine Exports
  • 18.9. BMR Groups
  • 18.10. Clearwater Seafoods Inc.
  • 18.11. High Liner Foods Inc.
• 19. Assumptions & Acronyms Used
• 20. Research Methodology