Increasing awareness regarding the organic food products and high nutritional profile of seafood are the major factors contributing to the growth of the organic shrimp market worldwide. The market is fragmented in nature, with a large number of well-established international players having broad geographic reach and well-diversified product offerings. Moreover, the market also includes some regional players with limited geographic focus.
Leading Organic Shrimp Market Players:
Charoen Pokphand Foods PCL, High Liner Foods Incorporated, Maruha Nichiro Corporation, BLUE STAR SEAFOOD CO. LTD. (Blue Snow Food Co, Ltd.), The Clover Leaf Seafoods Family, Nippon Suisan Kaisha, Ltd, Royal Greenland A/S, Cooke Aquaculture, Seacore Seafood Inc, Omarsa S.A
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Historically, the demand for shrimps has increased unprecedentedly; this has reflected in the rise in export volumes across the western countries such as the US as well as Western European countries, accounting for the substantial share in total demand for the shrimp imports from Asian countries. For instance, the demand for shrimp rocketed up to 359% during 2000-2015 from 1.13 million metric tons to 4.87 million metric tons, according to data by the GGN food certification authority. This has subsequently escalated the number of organic shrimp farming companies, providing the products for several commercial applications. As a result, the supply for organic shrimp farming gained major traction across numerous Asian countries, such as Bangladesh, Thailand, India, Indonesia, and China, as well as selected Latin American countries, which witnessed a surge in the aquaculture-based shrimp farming enterprise. Thus, several government and state-level organizations have facilitated infrastructure, raised awareness and have encouraged aquaculture farming techniques that aid in the growth of organic shrimp across their respective countries.
APAC holds the largest share of the global organic shrimp market owing to growing awareness regarding the health benefits of organic shrimps. Countries such as Bangladesh, India, Vietnam, Malaysia, Indonesia, and the Philippines are the key exporters of organic shrimp globally. Supportive government initiatives contribute significantly to the growth of the organic shrimp market in this these countries. APAC accounted for 52.8% of the total market in 2019. The global organic shrimp market players have an opportunity to expand their presence in APAC to achieve a significant market share.
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North America, especially the US, has witnessed an exponential rise in number of confirmed COVID-19 cases, which has resulted in large-scale lockdown across different countries in the region. Moreover, the retailers and brands are facing various short-term challenges regarding maintaining the supply chain activities through retailers, distributors, and suppliers of organic shrimp across the North American countries. As a result, countries such as the US and Canada have limited the volume of shrimps import from Asian countries, especially China, to check the spread of the virus. However, owing to the ease of lockdown restrictions, along with emphasis toward effective retention of food industry through restoration of supply chain operations, has mitigated the negative influence of the COVID-19 on the market in North America. Further, the notable presence of domestic suppliers has ensured the continuous supply of the organic shrimps in the region.
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Organic Shrimp Market
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- The key findings and recommendations highlight crucial progressive industry trends in the Organic Shrimp Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Table of Content:
Competition Analysis by Players
Company (Top Players) Profiles
Organic Shrimp Market Size by Type and Application
US Market Status and Outlook
EU Development Market Status and Outlook
Japan Market Development Status and Outlook
China Market Status and Outlook
India Organic Shrimp Market Status and Outlook
Southeast Asia Market Status and Outlook
Market Forecast by Region, Type, and Application
Market Effect Factor Analysis
Research Finding/ Conclusion
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