The Shrimp market 2022 research report gives emerging industry data, global segments and regional outlook. This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2028. The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain. The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.
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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Market Dynamics
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.
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Market Segmentation
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 Species
· Penaeus Vannamei
· Penaeus Monodon
· Macrobrachium Rosenbergii
· Others
By Shrimp Size
· 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
By Distribution Channel
· Hypermarkets and Supermarkets
· Convenience Stores
· Hotels and Restaurants
· Online Sales
· Others
Regional Analysis
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.
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Shrimp is a widely consumed seafood species which belongs to the largest class of crustaceans, called Malacostraca.
Shrimp is a rich source of omega-3 fatty acids, which is used to overcome weight loss, lower blood pressure, improve bone and brain health, relieves eye fatigue, and also helps to reduce the risk of developing cardiovascular diseases.
It also has good level of protein and very low fat.
According to Renub Research Global Shrimp Market is expected to be US$ 24.1 Billion by 2026.
Growing income level and rising demand for shrimp products among consumers across the globe is driving its market.
Governments in many countries are encouraging shrimp production by giving incentives to farmers and by offering fiscal reliefs.
