Growth of urban population leads to more demand for seafood which enhances the growth of Shrimp Market in the coming years.
According to MarketIntelReports' “Global Shrimp Market 2017-2021”:
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A shrimp is a crustacean, which is a seafood for people. It has proteins, vitamin A, B6, B12, riboflavin, copper, iodine.
It even has anti inflammatory and anti cancer properties. Pigments like carotenoids and astaxanthin which are produced from shrimp waste is used for pharmaceutical purposes.
New shrimp varieties favors the growth of the Shrimp Market. Consumers across the world have started to opt for a healthy lifestyle.
This preference will enhance the demand for shrimp food in the coming years as it is rich source of protein. Packaged snack manufacturers add shrimp as an ingredient to eatables.
Scope & Regional Forecast of the Shrimp Market
The growing demand for seafood products will drive the Shrimp Market in the forecast period. The development of food processor plants in different regions also spurs the demand for fish and sea food.
In different countries, many regulations favor the growth of the plants. This elevates the species segment.
Asia Pacific has a major share in shrimp animal. This can be attributed to the growing health awareness, availability of shrimps at low prices, and growing food industry.
China, India, and Thailand are the main producers of shrimp.
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Demand for frozen sea food is a main reason for the growth of the shrimp recipes. The popularity of jumbo shrimp among the consumers in the US while preparing sea food has increased.
These shrimps are available at fair prices and their nutritional value is high.
Sea food has become a staple food in many parts across the globe. This has led to a strong consumer base for frozen shrimp.
In other regions due to the unavailability of other types of products, there is a big demand for sea food. This factor is responsible for the industry growth.
Segmentations & Key Players Involved in the Shrimp Market
The Shrimp Market can be broken down into various segments as follows:
- Region- Americas, APAC, and EMEA.
Some of the key players involved in the Shrimp Market are as follows:
- AB GOLDEN SEAFOOD
- Aqua Star
- Carson & Company
- Mazzetta Company
- Rich Products Corporation
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