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Organic Shrimp Market (Species - Giant Tiger Prawn, and White Leg Shrimp; Form - Fresh, and Processed; End-use - Feed Industry, Food Industry, Foodservice Providers, and Retail): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : FB0259

  • Category : Food & Beverages

  • Status : Published

A recent report published by Infinium Global Research on organic shrimp market provides in-depth analysis of segments and sub-segments in the global as well as regional organic shrimp market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional organic shrimp market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global organic shrimp market. According to the report, the global organic shrimp market is projected to grow at a CAGR of 7.1% over the forecast period of 2019-2025.

 

Market Insight

Organic shrimps are very nutritious. These are low in calories and offer a high amount of healthy fats and proteins. Also, the source of a variety of vitamins and minerals. The organic shrimps contain cholesterol-lowering omega-3 fats. The growing preference for organic food is a major contributor to the rise in demand for organic shrimp.

 

The nutritional benefits provided by organic shrimp such as iodine, selenium and improved heart health drive the growth of the market. The increasing demand for seafood worldwide promotes the controlled cultivation of aquatic organisms meant for human consumption. A study estimated that fish consumption in developing countries will reach around 98.6 million tons in 2020. The growing awareness about methods employed in aquatic farming contributes to the rising inclination toward aquaculture practices. Such a shift toward improved farming bolsters the expansion of the organic shrimp market. Further, the rising consumption of wholesome protein-rich products and the adoption of healthy lifestyle foods in the food and beverage industry stimulate the expansion of the organic shrimp market. Additionally, the transparency and clean packaging trend in the food and beverage industry leverage the growth of the organic shrimp market. The growing popularity of seafood as a snack and focus on convenience packaging propel the growth organic shrimp market. Furthermore, the producers are adhering to different regulations set out by governing bodies and also they are keeping certifications and labels that pertain to them. This enhances the quality of organic shrimp and reduces consumer mistrust leading to the development of organic shrimp market. On the flip side, high market prices for organic shrimp restraints the growth of organic shrimp market. Moreover, the rising standardization of organic shrimp products creates several opportunities for the growth of the organic shrimp market.

 

Geographically, the global organic shrimp market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is expected to hold the largest share in the global organic shrimp market owing to growing awareness about the health benefits of organic food, increasing demand for convenient packaging, and rising focus on the quality of products in Asia-Pacific region led to the growth of organic shrimp market in the region. North America is anticipated to grow in the global organic shrimp market with a healthy CAGR over the forecast period. The growing sustainable farming, aquaculture, and rising consumption of seafood in North America contribute to the expansion of the organic shrimp market in North America. Europe has significant growth opportunities in the global organic shrimp market owing to a surge in demand for organic shrimp in the region.

 

Segment Covered

The report on global organic shrimp market covers segments such as species, form, and end-use. On the basis of species, the sub-markets include giant tiger prawn, and white leg shrimp. On the basis of form, the sub-markets include fresh, and processed. On the basis of end-use, the sub-markets include feed industry, food industry, foodservice providers, and retail.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Mseafood Corp., Omarsa S.A., Vinnbio India Pvt. Ltd., Ristic AG, Dom International Limited, Seajoy Seafood Corporation, ArtisanFish LLC, Carribbean Shrimp Company Limited, Orchid Marine, Ananda Group, and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of organic shrimp market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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