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Marine shrimp farming is an aquaculture business for the cultivation of marine shrimp or prawns [Note 1] for human consumption. Although traditional shrimp farming has been carried out in Asia for centuries, large-scale commercial shrimp farming began in the 1970s, and production grew steeply, particularly to match the market demands of the United States, Japan and Western Europe.
Shrimp grow-out pond on a farm in South Korea. Commercial marine shrimp farming began in the 1970s, and production grew steeply, particularly to match the market demands of the United States, Japan, and Western Europe. The total global production of farmed shrimp reached more than 2.1 million tonnes in 1991, representing a value of nearly US$9 ...
Honduras significantly developed its shrimp industry during the 1980s and in the Latin American market was second only to Ecuador in shrimp exports by 1991. In 1992 shrimp and lobster jumped to 12 percent of export earnings. Shrimp contributed $97 million in export sales to the economy in 1992—an increase of 33 percent over the previous year.
NEWARK, Del, Dec. 30, 2024 (GLOBE NEWSWIRE) -- The global shrimp feed industry has an estimated market valuation of USD 4,300.0 million by 2025. It is projected to grow at a CAGR of 4.2 % to reach a market valuation of USD 6,400.0 million by 2035.
It is renowned for its size and quality and sells for up to three times as much as shrimp from other countries. Penaeus Monodon is valued by consumers for both its taste and texture but it is too expensive to those whose purchase based on the price. Therefore, on price alone, shrimp products from Madagascar cannot compete in export markets.
The Indian shrimp has a relatively lower market value than P. monodon. Average price of white shrimp is US$5.5/kg for a size range of 21/25 shrimps per kg, while for P. monodon it is US7-13/kg. However, as F. indicus is more easily bred and reared, the relative profit gained by F.indicus may be higher per input than it seems from the above figures.