About Organic Shrimp
Shrimp is a type of shellfish that can be found all over the world in abundance. While most shrimp species are adapted to live in the sea, certain shrimp can also be found in freshwater. Shrimp range in size from about the size of a quarter to "jumbo" shrimp that can grow to be several inches long. It can be poached, baked, fermented, boiled, grilled, sauteed, or stir-fried in a variety of forms. It can be used in soups, sandwiches, pasta, Thai curries, kebabs, and appetizers. Organic shrimp is made from traceable raw materials like non-genetically-modified soya. It is diesel-free natural seafood without the use of any chemical antibodies which is more nutritional than conventional shrimp at the same time it is more environmentally friendly.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cooke (Canada), Seacore Seafood Inc (Canada), CPF (Thailand), High Liner Foods Incorporated (Canada), Maruha Nichiro Corporation (Japan), The Clover Leaf Seafoods Family (Canada), Ristic GmbH (Germany), MSeafood Corp (United States), Dom International Limited (Canada) and Vinnbio India Pvt. Ltd (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Organic Shrimp market by Type (Fresh and Processed), Application (Residential, Hotels, Restaurants and Others) and Region.
On the basis of geography, the market of Organic Shrimp has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Tiny will boost the Organic Shrimp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. White Shrimp will boost the Organic Shrimp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Seawater Shrimp will boost the Organic Shrimp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend of Organic Diet Will Benefit the Organic Shrimp Market
Market Growth Drivers:
Demand for Organic Shrimp Due to Its High Nutritional Value and Need of Organic Shrimp in Various Dishes
Challenges:
Growing Trend of Vegan Diet and Complex Production of Organic Shrimp
Restraints:
High Cost Associated with Organic Shrimp Relative to Conventional Shrimp
Opportunities:
Growing Demand of Organic Shrimp from Hotels and Restaurants and Increasing Cost-Effectiveness of Organic Shrimp Production Will Increase Its Demand
Market Leaders and their expansionary development strategies
On 1st Feb 2019, Seajoy Seafood Corporation, one of Latin America's leading producers of farmed shrimp, with operations in Honduras and Nicaragua, has been acquired by Cooke Inc. It will be able to add shrimp to its product line as a result of the acquisition. Seajoy is one of Latin America's largest vertically operated luxury shrimp farms, specializing in value-added and organic Pacific white shrimp.
According to the Washington Department of Fish and Wildlife, “Each harvester must have a separate container for their catch, either in their possession or identified with their name. Maximum of two shrimp pots per person and no more than four shrimp pots per boat are allowed.”
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Organic Shrimp Producers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.