The article cited AMA's Global Shrimp Market Study explored substantial growth with CAGR of 3.4%. According the report, Increasing consumption of seafoods is one of the primary growth factors for the market. Rising consumer demand for protein-rich seafood
is also expected to contribute significantly to the Shrimp market. Overall, Food
applications of Shrimp, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Charoen Pokphand Foods PCL (Thailand), Mowi (Norway), Pacific Andes International Holdings Limited (Hong Kong), Maruha Nichiro Holdings, Inc. (Japan), Cooke Aquaculture Inc. (Canada), Clearwater Seafood (United States), SeaBest Foods Co., Ltd. (China), Pescanova S.A. (Spain), American Seafoods Group (United States) and King Foods Holdings Ltd. (Hong Kong) may see astonishing sales in this Market and certainly improve revenue growth.
The Distribution Channel, such as Hypermarket, is boosting the Shrimp market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Size, such as Colossal (<15 Pounds), is boosting the Shrimp market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Species, such as L. Vannamei, is boosting the Shrimp market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Shrimp market identified that the demand is rising in many different parts of the world as "Growing demand for value-added products like frozen, ready-to-eat meals, and flavored shrimp
". Furthermore, some recent industry insights like "In July 2023, Thai Union Group PCL launched of SeaChange, the next stage of its sustainability strategy to help reshape the seafood industry. Thai Union has been recognized for its sustainability efforts, including being listed on the Dow Jones Sustainability Indices for nine consecutive years and ranking number one on the Food Products" is constantly making the industry dynamic. One of the challenges that industry facing is "Outbreak of white spot diseases and other viruses"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Shrimp market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Shrimp market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Shrimp market tight? Which application/end-user category or Product Type [Vannamei Shrimp, Lar Shrimp, Jerbung Shrimp, Dogol Shrimp and Red Palm Shrimp] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Shrimp market and other related sub-markets covered in the study.
o Key & emerging players in the Shrimp market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Shrimp market size is calculated using market estimation process, the Shrimp market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Shrimp market size has been validated using both top-down and bottom-up approaches.