Key Market Indicators
Israel is expected to become a major player in the global shrimp import market. Between 2021 and 2026, imports are forecast to increase by 2.3% per year on average. In 2021, the country ranked 50th in the world in terms of shrimp imports and imported 1.53 million kilograms. Romania, China, Spain and Japan were the largest importers, in that order. Since 2005, the Israeli shrimp import market has grown by 8.6% per year on average. If this trend continues, Israel could soon become an important player in the global shrimp market.
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The worldwide appetite for seafood, including shrimp, continues to rise driven by shifting consumer dietary preferences towards healthier protein sources. Equally fundamental to the evolving market landscape is the steadily growing intrigue surrounding cleaner, more ecological food production methods, thus setting a conducive growth stage for organic shrimp. This preference...Read more