The global demand for Shrimp Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Shrimp is one of the important types of seafood consumed across the globe. According to the National Center for Biotechnology Information, shrimp contains a high proportion of proteins and minerals and low fats. The consumption of this seafood type is considered healthy for the circulatory system as it improves the ratio of LDL to HDL cholesterol and lowers triglycerides. Also, it has high levels of omega -3s fatty acids and only a level of 0.001 parts per million levels of toxic mercury.
Global shrimp consumption is witnessing a positive growth on account of an increase in organized retail chains and an increase in disposable income in developing economies. Also, support programs initiated by the government for improving product quality and encouraging sustainable farming practices are expected to have a favorable impact on the growth of this market. However, regional beliefs and allergies are a few factors accessed to impede the growth of the shrimp market globally. On the other hand, this seafood type contains chemopreventive compounds that offer several health benefits. Owing to its antioxidant, anti-inflammatory, anti-mutagenic and anti-angiogenic properties, the product penetration is likely to witness exponential growth. However, seafood is suspected to be the origin of the ongoing COVID-19 pandemic is anticipated to cut-down the global demand for sea food at a gigantic pace.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of shrimp.
The entire shrimp market has been sub-categorized into species, shrimp size and distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Shrimp Size
- Penaeus Vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
By Distribution Channel
- Size <_1_br />12.2 Size 21-25
- Size 26-30
- Size 31-40
- Size 41-50
- Size 51-60
- Size 61-70
- Size >70
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online Sales
This section covers regional segmentation which accentuates on current and future demand for shrimp market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Shrimp Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the shrimp market include Surapon Foods Public Company Limited, Trident Seafood’s Corporation, Nippon Suisan Kaisha, Ltd., Charoen Pokphand Food PCL. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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