Why It Matters
Shrimp is Valuable
Shrimp is the most valuable traded marine product in the world today. In 2005, farmed shrimp was a 10.6 billion industry. Today, production is growing at an approximate rate of 10 percent annually—one of the highest growth rates in aquaculture.
Consumption of Shrimp is Rising
The average annual per capita consumption of shrimp in the U.S. is now at four pounds. A traditional shrimp exporter, China, is now a net shrimp importer because of the rising demand among its population.
Demand Continues to Grow
Demand for shrimp has been rapidly rising for the past three decades. Stretches of tropical coastlines in many developing countries saw a nine-fold increase in shrimp farming from 1982 to 1995, and it has continued to explode since then.