Global Shrimp Balls Market Overview:
Shrimp Balls also called as prawn balls are common food dish prepared all over Eastern Asia. It is considered an appetizer or snack which is made up of as the name suggests from shrimp meat. The product is crispier on the outside and meaty on the inside. Shrimp Balls donít have any clear origin but it is normally considered China to be origin of Shrimp balls. The shrimp balls can be made up of variety of shrimps such as white shrimp or more luxurious pink shrimp or any other popularly found shrimps. Geographically, Asia Pacific is the biggest market of Shrimp balls, primarily China. Some of the players profiled in the study are Thai Union Group (Thailand), I.T. Foods Industries Co., Ltd. (Thailand), Maruha Nichiro Corporation (Japan), Starfish Co., Ltd. (Thailand), Kyokuyo Co., Ltd. (Japan), Kenko Food Sdn Bhd (Malaysia), Nippon Suisan Kaisha (Japan), Fresh Fish Del Ecuador Cia. Ltda. (Ecuador), Kim Sea Food Products (Philippines) and P.T. Foods Processing Co. Ltd. (Thailand).
On the basis of geography, the market of Shrimp Balls has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Retail will boost the Shrimp Balls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. B2B will boost the Shrimp Balls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shrimp Nature, the sub-segment i.e. Fresh will boost the Shrimp Balls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shrimp, the sub-segment i.e. White Shrimp will boost the Shrimp Balls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increase in Disposable Income
- Higher Investments in Shrimp Farming facilities
- Change in Lifestyle and Dietary Choices
- White and Pink Shrimps Account for Largest Market Share
- Shrimp is Expensive to Other Meat Products
- Asia Pacific and North America Presents Highest Opportunity Because of Large Population in the Region and High Consumption of Shrimps
- Stability in Raw Materials or Shrimp Supply Chain to Provide Fresh Products to Consumers
Key Market Developments:
In 2019, Cooke Aquaculture Inc., Canadian market leader in Seafood has announced completion of acquisition of Seajoy Seafood Corp. group which is US based vertically integrated company, specialising in premium shrimp harvesting in Latin America. The acquisition is made to diversify the product portfolio, as Seajoy masters the art of harvesting premium shrimps, which will further help Cooke Aquaculture to expand its market outside North America.
In 2021, Maruha Nichiro Corporation, Japan based Global Seafood Giant has announced acquisition of Vietnam based Sai Gon Foods. Sai Gon Foods, has several sea food processing facilities in Vietnam along with other assets. The acquisition of Sai Gon will strengthen Maruha Nichiro as global processor and manufacturer of sea food products.
Shrimp Balls Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Shrimp Balls market on the basis of product  , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Shrimp Balls market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Shrimp Balls industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Huazhi-wang Enterprise Co., Ltd (Taiwan), Cooke Aquaculture Inc. (Canada) and Trident Seafoods (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Shrimp Balls market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.