Global Shrimp Market - Trends and Forecast till 2025

1
Shrimp Market- Global Industry Insight, Trends,
Outlook, and Opportunity Analysis 2017-2025

2
REPORT DESCRIPTION
Shrimp Market Overview
Shrimps are crustaceans, which is a type of
seafood and a rich source of proteins, vitamin A
and B6, B12, C and E, thiamin, riboflavin,
niacin, phosphorous, copper, choline, iodine, and
astaxanthin. It also has anti-inflammatory,
anti-ageing, and anti-cancer properties. Chitosan
from shrimp shells has a range of application in
pharmaceuticals, agrochemicals, cosmetics, and in
water treatments. Pigments such as carotenoids
and astaxanthin are obtained from shrimp waste
and is widely used in the pharmaceutical
industry. High nutritional benefits of shrimp
along with increasing applications of chitosan
and pigments obtained from shrimp are driving
growth of the shrimp market. Also, growing
consumption of seafood and increasing aquaculture
industry are further fuelling growth of shrimp
market. For instance, according to United Nations
Food and Agriculture Organization (UN FAO) survey
in July 2016, the global per capita seafood
consumption increased above 20 kg per person per
year. Asia Pacific dominated the market in 2016
and accounted for 36.56 share in the global
shrimp market. Rising health awareness, high
availability of shrimps at low price, and growing
food service industry are some of the major
factors supporting growth of the shrimp market in
the region. Countries such as China, India,
Vietnam, Indonesia, and Thailand are some of the
major producers of shrimp worldwide.
3
REPORT DESCRIPTION
Ornamental Fish Feed-Market Taxonomy Further,
growing aquaculture and marine capture production
is also expected to boost growth of the Asia
shrimp market over the forecast period. According
to UN FAO, the total marine capture production
was highest in China at 14,811,390 tons in 2014,
which increased by 3.4 to 15,314,000 in 2015.
China, followed by Indonesia, with total marine
capture production of 6,016,525 tones, which
increased by 0.2 to 6,028,260 tons in 2015.
Further, according to FAO, in 2016, the Ministry
of Agriculture and Rural Development in Vietnam,
had reported the total production of black tiger
shrimps in the Mekong Delta area to be 250,000
tones. These are the factors largely contributing
to growth of shrimp market in Asia Pacific.
Farmed whiteleg shrimps segment dominated the
market in 2016 and is expected to maintain its
dominance over the forecast period. It is widely
used in shrimp salads and shrimp cocktail owing
to its mild and sweet flavor. Further, giant
tiger shrimps segment is anticipated to record a
substantial growth in Western Europe and North
America over the forecast period. Request sample
Copy of this Reporthttps//www.coherentmarketinsi
ghts.com/insight/request-sample/1232

4
REPORT DESCRIPTION
Food segment was the largest application segment
in 2016, owing to growing demand from restaurants
and fast food chains for shrimps along with
rising popularity of frozen and canned shrimps.
According to the UN FAO, the global aquaculture
production of food fish was recorded to 73,681
thousand units in 2014. In addition, shrimps have
high content of omega-3 fat including EPA
(Eicosapentaenoic Acid) and DHA (Docosahexaenoic
Acid), which aids in improving cardiovascular and
nervous system health. Rising awareness regarding
health benefits of consuming omega-3 ingredients
and fish-oil as food supplement is anticipated to
boost growth of the food segment over the
forecast period. Market players in the global
shrimp market are adopting various strategies
such as merger and acquisitions, collaborations,
and new product launches to retain their market
share. For instance, in February 2014, Marubeni
Corporation acquired Eastern Fish Company. In
June 2017, BioMar Group acquired 70 of Alimentsa
for US 121 million and in October 2014, Alkame
Holdings, Inc. acquired High Country Shrimp
Company. Also, in July 2017, Guangdong Bai Da
Science Technology launched BD shrimp brand in
China. Major players operating in the global
shrimp market are Pacific Seafood, Morubel nv,
Maruha Nichiro Corporation, The Clover Leaf
Seafoods Family, Royal Greenland A/S, Rich
Products Corporation, Thai Union Group PCL,
Marvesta Shrimp Farms, Cargill, Incorporated, and
Nippon Suisan Kaisha Ltd. Request For
Customization _at_ https//www.coherentmarketinsights
.com/insight/request-customization/1232
5
ABOUT COHERENT MARKET INSIGHTS
ABOUT US
Coherent Market Insights is a global market
intelligence and consulting organization focused
on assisting its plethora of clients achieve
transformational growth by helping them make
critical business decisions. We are headquartered
in India, with an office at the global financial
capital in the U.S. Our client base includes
players from across all business verticals in
over 150 countries worldwide. We are uniquely
positioned to help businesses around the globe
deliver practical and lasting results through
various recommendations about operational
improvements, technologies, emerging market
trends and new working methods. We offer both
customized and syndicated market research reports
that help our clients create visionary growth
plans to provide traction to their business. We
meticulously study emerging trends across various
industries at both the global and regional levels
to identify new opportunities for our clientele.
SERVICES
CUSTOMIZED RESEARCH
INDUSTRY ANALYSIS
SYNDICATED RESEARCH
COUNTRY SPECIFIC STUDIES
MARKET INTELLIGENCE SERVICES
CONSULT STUDIES
6
ABOUT COHERENT MARKET INSIGHTS
Industries we cater
SECTOR COVERAGE
Healthcare
CLINICAL DIAGNOSTIC
HEALTHCARE IT
BIOTECHNOLOGY
PHARMACEUTICAL
MEDICAL IMAGING
MEDICAL DEVICES
Chemicals Materials
Bulk Chemicals
Advanced Materials
Speciality and Fine Chemicals
Green Chemicals
Polymers Resins
Cosmetic Ingredients
Food Ingredients
7
ABOUT COHERENT MARKET INSIGHTS
RESEARCH SOLUTIONS
KEY STATS
GLOBAL REPORTS
FEASIBILITY STUDIES
100
Insights Published Per Year
COUNTRY ANALYSIS
150
CONSULT PROJECTS
Consulting Projects Till Date
SURVEY RESEARCH
EXCEL FORECAST DATABASE
125
COMPETITIVE ASSESSMENT
Clients Worldwide Per Year
110
TECHNOLOGY SNIPPETS
Analysts and Contract Consultants
Coherent Market Insights excels at offering
unmatched actionable market intelligence across
various industry verticals, including chemicals,
healthcare, and food beverages, to name a few.
We implement holistic market research methodology
in order to result in the best possible market
research reports across various industries
worldwide. Based on our unmatched expertise
across various industriesno matter how large or
small, how complex or uniquewe help our clients
achieve better outcomes with uniquely designed
and highly customized solutions. Our coverage
includes insights that help our clients ensure
sustained growth in developed markets and also
key inputs to help them tap into emerging markets
and exploit the plethora of opportunities posed
therein.
CUSTOMIZED SOLUTIONS
8
THANK YOU
To know more about us, visit our website
www.coherentmarketinsights.com For sales
queries or new topics email us on
sales_at_coherentmarketinsights.com For other
queries contact Mr. Shah (Manager - Business
Development) Coherent Market Insights sales_at_coher
entmarketinsights.com 1-206-701-6702