Shrimp Market:

WiseGuyReports.com adds "Global Shrimp Market: Opportunities and Forecast 2024" reports to its database.

Executive Summary

Crustaceans are a group of animals that are free-living and aquatic. Shrimps are decapods crustaceans that usually have elongated bodies and are found in water sources. One of the most popular shrimp varieties is the prawn. There are, however, thousands of species of these shrimps present globally. Shrimp plays a vital role as food sources for sea animals. These are also very popular sea food varieties that people love in every region. There are innumerable tasty dishes created with shrimps.

There is a sudden demand for sea food globally. This can be attributed to the fact that sea food is healthy and tasty. The demand is high, especially in urban populations and in developing nations. This demand works positively for the global shrimp market. Apart from this, the growing need for ready-to-eat, quick cooking food has also increased the demand for these aquatic animals. The increase in per capita income in people has made nutritious and rich food easily accessible. This is also a reason for the growth of this industry.

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This report is a compilation of all the factors that would decide the growth of the global shrimp market in the years 2019 to 2024. This report talks about the different varieties of shrimps, their potential demand in the forecasted period and their scope for growth. This report uses historical and present data along with primary and secondary research to derive at results. Various factors like market growth, revenue, and CAGR of the industry are predicted with perfection.

Market Segmentation

There are so many segmentations that the report considers when it comes to the global shrimp market. Firstly, it segregates the market based on the species. P. Monodon, L. Vannamei, M. Rosenbergii are the types taken into consideration. The individual demand of these species in the forecasted period is analyzed. Depending on the production form, the report talks about Green/Head On, Green/Head Off, Breaded, Cooked, and Peeled types. The demand for these production forms and the export and import data of these are studied. By shrimp size, 70 is a type that is explained in detail in this report.

Regional Analysis

Americas, APAC regions, Europe and the Rest of the World (ROW) is the broad categorization done by this report when it comes to regional analysis. Growing of shrimp in these areas, the types that are easily available and the demand for this type of sea food are all analyzed based on specific regions. According to this report, China is the largest market share holder in this industry for the year 2018. The market share held by other top countries is also investigated in this report.

Company Analysis – Charoen Pokphand Foods, High Liner Foods, Apex Frozen Foods, High Liner Foods, Rich Product Corporation, Thai Union Group, American Seafoods, Nippon Suisan Kaisha, Austevoll Seafood ASA, Sirena AS, International Fish Farming Co.

Industry News

Skretting is a company which is the largest producers of feeds for fishes. In September 2019, the brand announced that it has created a new diet for shrimps that will help them intake food better and hence will help them grow faster and better.

Continuous…

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