The market for organic shrimp was estimated to be worth US$ 3.40 billion in 2019 and is anticipated to rise to US$ 6.16 billion by 2027, at a CAGR of 7.7%. The organic shrimp industry is divided into food, medication, cosmetics, and other applications. During the anticipated period, the food sector is anticipated to rule the organic shrimp market. Due to its widespread consumption across many cultures and appeal in the marine food category, organic shrimps are mostly used in the food sector.
One of the main items in the aquaculture sector is organic shrimp. To boost the production for commercial use, it is grown in a controlled atmosphere. Due to its flavour and nutritional advantages, organic shrimp is very popular in the seafood industry. It is thought to be a plentiful source of selenium, iodine, and other elements that support heart health. To extend product shelf life and safeguard shrimp quality, the leading participants in the organic shrimp industry are concentrating on improving product packaging quality. Such actions are being made in order to increase profits and solidify their market position.
The COVID-19 epidemic has had a mixed effect on the organic shrimp business in APAC. For instance, India saw a fall in the demand for commodities and products based on the wet market, which led to a decline in the price of shrimp due to the limited exporting prospects. In contrast, the demand for shrimp in the Indonesian market barely changed, and prices dropped significantly as a result of the plentiful supply as global exporting collapsed.
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Global Organic Shrimp Market: Major Players
MSeafood Corp
Seajoy Group
Dom International Limited
Orchid Marine
Artisanfish
Carribbean Shrimp Company Limited
Ananda Group
Ristic GmbH
Omarsa S.A
Vinnbio India
Global Organic Shrimp Market: Types
Fresh
Processed [Frozen, Cooked, Peeled, Canned, Others
Global Organic Shrimp Market: Applications
Food Industry
Feed Industry
Retail
Other
Global Organic Shrimp Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Organic Shrimp market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Questions Answered in The Report:
- What are the market opportunities and threats faced by the vendors in the global market?
- What industrial trends, drivers, and challenges are manipulating its growth?
- What will be the market growth rate and size in the coming year?
- What are the main key factors driving the global market?
- What are the strengths and weaknesses of the key vendors?
- Who are the Leading key players and what are their Key Business plans in the near future?
- Who are the key market players and what are their strategies in the global market?
- What are the key market trends impacting the growth of the global market?
- Which are Trending factors influencing the market shares of the top regions across the globe? What is the impact of Covid-19 on the current industry?
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Reasons to Purchase this Report –
- Analyzing the outlook of the market with the recent trends and SWOT analysis.
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- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past years.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
