Shrimp Market To Boom In Near Future By 2026

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In recent years, health-related concerns have led
consumers towards organic and nutritious meals.
Now, foods with high nutritional value and those
that are naturally sourced have witnessed an
uptick in demand. In this context, the global
shrimp market has observed robust growth.
Presently, strong consumer preference for
natural food products and the food and beverages
industrys strategic move to capitalize this
trend has created headways for growth across the
global shrimp market. ?????? ????????????????
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? https//www.fairfieldmarketresearch.com/report/s
hrimp-market/request-sample In terms of value,
shrimp is one of the most-traded seafood items,
securing its position as a protein- rich
shellfish in the seafood industry. The health
benefits of shrimp include presence of essential
amino acids, low fat, and extremely high quality
protein and minerals. Owing to these nutritional
benefits, health-conscious consumers and
opportunistic restaurant chains have propelled
the shrimp market to steady maturity. Over the
forecast period, the promising outlook of is
poised to open fresh revenue streams and greater
experimentation across the global shrimp
market. Amid Rising Demand for Shrimp,
Manufacturers Race to Expand Processing
Capacities During the COVID-19 pandemic, social
distancing regulations, lockdowns, and breakdown
of traditional supply chains presented
challenges for the global shrimp market. With the
food industry taking a hit during the pandemic,
the shrimp market recorded flat growth across
major regions of the shrimp market. However,
increase in cooking meals at home opened a new
demand channel in the shrimp market home-based
cooking. Lately, this is the primary reason for
an increase in demand for shrimps. Over the
study period, the pandemic-generated revenue
setback is expected to be overcome through
market diversification and change in buyer
behavior. As the world emerges from the
pandemic, the demand for shrimp is set to recover
to pre-pandemic times, encouraging manufacturers
to expand their processing capacities. White
Leg Shrimp Segment Dominates the Global Shrimp
Market The shrimp market is segmented on the
basis of region, species type, sales channel, and
format. As per species type, the farmed white
leg shrimp is expected to account for the highest
share in terms of value owing to high volume of
export and production a reason that is set to
augment this segment growth in the foreseeable
future. Further, in terms of format, the fresh
shrimp segment is projected to reach sound
maturity by the end of assessment period.
Increased health-awareness among consumers is
the major reason why this segment is set to
register the most promising growth over the
forecast period. Moreover, the rapidly maturing
trend of shopping online is expected to shape
the sales channel of the global shrimp market
along the digital curve.
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Asia Pacific Leads Global Production of
Shrimp Countries in the Asia Pacific,
particularly China, India, Thailand, and
Indonesia are the most significant producers and
exporters of shrimp across the world. Recently,
Ecuador has also joined the race of being an
emerging exporter of shrimp. During the study
period, demand for shrimp is expected to be the
most pronounced in the U.S. and EU. To meet the
surge in demand, manufacturers plan to
strategically invest in large-scale export
farming. Prominent Market Players The major
market players in the global shrimp market
include Gulf Shrimp Company, The Clover Leaf
Seafoods Family, Omarsa S.A, Nippon Suisan
Kaisha, Ltd., Baton Rouge Shrimp Company, Inc.,
Dom International Limited, Charoen Pokphand Food
PCL, Pescanova S.A., Marine Harvest ASA, and
Ristic GmbH. About Us Fairfield Market Research
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