The “Shrimp Market” report delivers data about the landscapes which drive the development of Shrimp industry. The Shrimp market consists of large key companies who play a vital role in the production, manufacturing, sales, and distribution of the products. Shrimp market research report provides crucial information related to overall Shrimp market with respect to market size, applications, end-user industry size, types, and various other factors.

Scope of the Report:

  • A shrimp can be defined as a small-sized marine crustacean with an elongated body, typically consumed as food, hence, is of high commercial importance. The report presents a wide-ranging analysis of the size of shrimp markets, worldwide.

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    Market Overview:

  • – The global market for shrimps was valued at USD 45 billion in 2018, and it is estimated to register a CAGR of 5.2% during the forecast period, 2019-2024.
  • – China and Thailand are the world’s leading producers of shrimp, accounting for nearly 75% of the global shrimp production. In 2018, Thailand was the biggest shrimp producer with shrimp production of 2.59 million metric ton.
  • – Shrimp species, such as whiteleg shrimp, giant tiger shrimps, gulf shrimps, blue shrimps, and royal red shrimps, are the most popular varieties that are consumed all over the wo

    Competitive Landscape: The report also presents the market competitive landscape and a corresponding detailed analysis of the major players in the market. Shrimp Market Segment by Key Players 

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    Key Market Trends:

    Contract Farming Initiatives by Exporters Driving the Market

    One of the key drivers of the growth of the shrimp market is increasing production through contract farming. Under the contract farming, the commissioners, who are often the big export firms, supply the farmers with seeds, feed, and technology required for the production. In many developing countries, shrimp cultivation is also encouraged through various governmental policies, such as easy credit policies. One of the major challenges in shrimp farming is the outbreak of certain diseases, such as early mortality syndrome. A recent outbreak of the early mortality syndrome disease in China and Thailand, especially across the contract farms, has impacted the shrimp production and its global supply to a considerable extent, in 2016 and 2017.

    Asia-Pacific Leads the Shrimp Market

    Asia-Pacific has been leading the shrimps market for a long period of time. Thailand has been the largest exporter of shrimp to the United States, which is the world’s biggest market for shrimp, for almost every year. As the early mortality syndrome disease impacted the Thailand shrimp production, India emerged as one of the largest producers and exporters of shrimps in 2018. Adoption of Pacific white shrimp as the prominent species by the India’s growing aquaculture industry, especially in the contract farming sector, is one of the main factors, which helps India to expand more into the US shrimp market.

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    There are 4 key segments covered in this Shrimp Market report:

    • Competitor segment
    • Product type segment
    • End-use/application segment
    • Geography segment

    What does this report deliver?

    • Comprehensive analysis of the Shrimp market with respect to regions.
    • Complete coverage of all the segments in the Shrimp market to analyze the trends, developments in the global market and forecast of market size up to 2024.
    • Comprehensive analysis of the companies operating in the Shrimp market.
    • The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
    • The growth matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

    Shrimp Market Report TOC Contains the Following Points:

    • Introduction of Market or Scope of Report
    • Research Methodology of Shrimp Market
    • Executive Summary of Shrimp Market
    • Overview of Shrimp Market
    • Market Drivers, Restraints, Opportunities, and Key Challenges of Shrimp Market
    • Shrimp Market Segmentation by Product Type, Applications, and End-Users
    • Competitive Landscape by New Product Launches, Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships
    • Shrimp Market Analysis by Key Players
    • Future Trends and Recent Developments of Shrimp Market

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