RushNet Inc (RSHN)

[Penny Grabber]

The North America Shrimp Market size is estimated at 10.34 billion USD in 2024

The retail price range for US shrimps & prawns is between US$ 9.55 and US$ 19.10 per kilogram or between US$ 4.33 and US$ 8.66 per pound(lb).

Shrimp held the top spot of the most-consumed species, with each American eating 5.9 pounds of shrimp per person on average – a 0.90 pound increase over 2020.

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.

The U.S. market for shrimp is almost insatiable. The argument can be made that if you farm-raise the animals closer to the big markets, you’ll eliminate the carbon footprint from global shipping and can deliver a fresh product to these local markets. There are a lot of people trying to do that – but to date, very few of them have cracked the code of how to do that and scale it.

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