This report provides exclusive insights into the COVID-19 impact on the Organic Shrimp Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Organic Shrimp Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Organic Shrimp Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.
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.
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.
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.
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.