All News Market Research

COVID-19 Business Impact : Shrimp Market Share 2020-2025 | Industry Trends, Analysis & Report by Expert Market Research

Shrimp Market

Shrimp belongs to the group of arthropods and represents one of the most popular seafoods consumed across the world. It is highly nutritious and contains copper, zinc, sodium, selenium, magnesium, iron and vitamins such as A, B6, C, E and B12. In addition, it is also a good source of the carotenoid astaxanthin which has antioxidant and anti-inflammatory properties. Shrimp offers myriad health benefits such as weight management, improved bone and brain health and lowered risk of cardiovascular disease. Owing to the aforementioned benefits, shrimp forms a vital part of various cuisines and has emerged as a high-value product among consumers.

Get a Free Sample Report – https://www.expertmarketresearch.com/request?type=report&flag=B&id=80

The global demand for shrimp has witnessed fluctuating trends during the past five years. The global shrimp production declined in 2012, primarily in the markets of China, Thailand, Vietnam and Mexico. This was due to the prevalence of EMS disease (Early Mortality Syndrome) that originated in China. Nevertheless, the market witnessed a strong rebound in the year 2014, but a minor decline in 2015. According to a new report by Expert Market Research, the global shrimp market has reached a production volume of around 5.87 Million Tons in 2019 and is further expected to reach nearly 7.01 Million Tons by 2025. One of the major factors that has proved proactive in maintaining a stable market growth is consumers’ pursuit of a healthy lifestyle. Some of the other growth inducing factors include rapid urbanisation, improved cold storage facilities as well as its easy availability.

Read full report summary with Table of Contents– https://www.expertmarketresearch.com/reports/shrimp-market

With the growing demand for precious metals, the mining activities have also increased, which is aiding the global market for sodium cyanide. In June 2017, the Chemours Company (Chemours) (NYSE: CC), a key player in the market, started the construction of a new Chemours Mining Solutions manufacturing facility in the state of Durango, Mexico, investing around USD 150 million in the project. Chemours is the world’s largest producer of solid sodium cyanide, essential in mining operations, and this new facility will provide a safe and reliable supply to the mining industry in Mexico, further aiding in the growth of the sodium cyanide industry, globally.

Market breakup by Species:

  1. Penaeus Vannamei
  2. Penaeus Monodon
  3. Macrobrachium Rosenbergii
  4. Others

Market breakup by Shrimp Size:

  1. Large Size
  2. Medium Size
  3. Small Size
  4. Extra Small Size

Market breakup by Country:

  1. China
  2. Vietnam
  3. India
  4. Indonesia
  5. Ecuador
  6. Thailand
  7. Others

Key Findings of the Report:

  1. Different species of shrimp are penaeus vannamei, penaeus monodon, macrobrachium rosenbergii and others. In 2019, penaeus vannamei (or white-leg shrimp) represented the species with the highest production volumes. It was followed by penaeus monodon (or black tiger shrimp), macrobrachium rosenbergii and other species.
  2. Various sizes of shrimp include large size (60 and above), medium size (40-60), small size (20-40) and extra-small size (below 20). In 2019, medium size shrimps dominated the market with the majority of market share.
  3. Country-wise, China exhibited a clear dominance in the market with a share of around one-third of the total global shrimp production. Some of the other major markets include Vietnam, India, Indonesia, Ecuador, Thailand and Others.
  4. Being fragmented in nature, the global shrimp market is surrounded by a number of players. Some of the top players include Mazzetta Company, LLC, Ma Yo Foods Co., Ltd, United European Seafood Traders Ltd, Carson and Co., Seaprimexco Vietnam, A B Golden Seafood, Ocean More Foods Co., Limited, Afentoulis Liveris & Co., Midseas Corp, Grand Ocean Seafoods Co., Ltd, Sealicious Foods Co., Ltd, and Charoen Pokphand Foods PCL, among others.

Competitive Landscape & SuPlier Analysis:

  1. Mazzetta Company, LLC
  2. Ma Yo Foods Co., Ltd
  3. United European Seafood Traders Ltd
  4. Carson and Co.
  5. Seaprimexco Vietnam
  6. A B Golden Seafood
  7. Ocean More Foods Co., Limited
  8. Afentoulis Liveris & Co.
  9. Midseas Corp
  10. Grand Ocean Seafoods Co., Ltd
  11. Sealicious Foods Co., Ltd
  12. Charoen Pokphand Foods PCL (BKK: CPF)

Related Reports:

https://www.expertmarketresearch.com/reports/non-gmo-food-market
https://www.expertmarketresearch.com/reports/bread-and-rolls-market

Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Media Contact

Company Name: Expert Market Research
Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 138 Duane St, NY 10013
City: New York City
State: New York
Country: United States
Follow us on twitter: @expertmresearch
Website: https://www.expertmarketresearch.com

About the author

Matt Johnson

The veterinary orthopedic implant market expects to churn good growth during the forecast period of 2018-2026 due to the rising demand for effective animal care. Other factors include the multiplying of animal hospitals and veterinary doctors. In addition, the availability of a plethora of treatment and surgery options is also increasing the growth rate of the veterinary orthopedic implant market.