October 3, 2023 — A bevy of ready-to-eat shrimp products is hitting the market, helped by plentiful supplies and American shoppers continuing to favor convenience.
Due to an import influx in recent years, U.S. wholesalers have been eager to move their shrimp inventory, but struggled earlier this year due to inflation peeling back consumer spending in both the retail and foodservice arenas. Recently, however, frozen retail shrimp prices have “finally started to mirror the trends at wholesale more and more,” 210 Analytics Principal Anne-Marie Roerink said, citing a 7.8 percent price drop in August that may make it easier to move product through new promotions and offerings.