Global Shrimps Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn.
The global Shrimps market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Shrimps market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Shrimps Market Overview:
Shrimp is an invertebrate marine animal, belonging to the foremost important class of crustaceans called malacostraca. Its structure is identified by a laterally compressed and enlarged body with long legs and antennae. Widely available in freshwater, lakes and deep and shallow waters, shrimp is considered to be one of the foremost widely consumed seafood species across the planet.
Global Shrimp Market Dynamics:
The global market is primarily driven by the enormous popularity of frozen shrimp product among users. This is often supported by the disposable income of the consumers and shifting lifestyle patterns. As shrimps are high in nutritive value and low-fat protein, and contains zero carbs and are very low in calories. Moreover, shrimp is rich in minerals and vitamins, like iron, magnesium, potassium calcium, sodium, phosphorus, iodine, niacin, zinc, riboflavin, thiamine, vitamin E, vitamin A, vitamin B6, and vitamin B12.
All the vitamins, minerals and nutrients together make shrimp healthy food. Shrimp helps in preventing many health issues. The high nutritive value of shrimps drive the market and one of the main trend seen in the global shrimp market is the growth of food industry and rising demand for ready-to-eat food items. As a result shrimps market is experiencing a health product.
Global Shrimp Market Segment Analysis:
By Type, the shrimp market is bifurcated into farmed shrimp and wild shrimp. The wild shrimps' segment dominates the global shrimp market. As wild shrimps are caught in natural habitats by fisherman and consume more fresh and natural diet than farmed shrimp. Farmed raised shrimp are often exposed to unnatural diets and chemicals unlike their wild shrimp counterpart, and this affects their flavour
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By Species, the market is segmented into, penaeus vannamei, penaeus monodon, and macrobrachium rosenbergii and other. Penaeus vannamei, penaeus monodon, are the species of the same family panaeidae and only two species of the family account for 80% of all farmed shrimp and most dominating.
By Shrimp Size, the market is classified size 20, size 21-25, size 26-30, size 31-40, size 41-50, size 51-60, size 61-70, size 70.
By Distribution Channel, the market is bifurcated into indirect (business to business) and direct (business to consumer). Indirect sales of shrimp are anticipated to be the most attractive distribution channel in the global shrimp market during the forecast period. The indirect sales segment is expected to account for a moderately high-value share of 49.8% by 2017 end and is anticipated to register a CAGR of 4.7% in terms of value over the forecast period. High feasting of shrimps over direct sales is expected to drive revenue growth of the related segment over the forecast period.
Global Shrimp Market Regional Insights:
The Asia Pacific dominates the shrimp market with an expected CAGR of 8.4% during the forecast period share in 2020. Increasing population growth and rapid industrialization drive the shrimp market growth in the Asia Pacific region. Increasing demand for ready-to-eat food, growing health awareness, and high-quality seafood and low car diet in consumers across the country are aiding the growth of the market.
Global Shrimp Market Regional
The objective of the report is to present a comprehensive analysis of the global shrimp market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global shrimp market dynamics, structure by analyzing the market segments and project the global shrimp market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the global shrimp market make the report investor’s guide.
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Global Shrimp Market Scope: Inquire before buying
Global Shrimp Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Shrimp Market Key Players
• Mazzetta Company, LLC
• Apex Frozen Foods Ltd.
• Seaprimexco Vietnam
• Liveris Afentoulis Co.
• Grand Ocean Seafoods Co., Ltd
• Charoen Pokphand Foods PCL
• Grupo Iberica Congelados, S.A
• Ocean More Foods Co., Limited
• SSF Limited
• BMR Groups
• Falcone Marine Exports
• Cooke Aquaculture Inc,
• Rich Products Crop,
• Thai Union Group PCL.
• Maruha Nichiro Corp
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