Posted on 02 May 2017
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.
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 Million Tons in 2016 and is further expected to reach nearly 7 Million Tons by 2022. 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.
Key findings from the report:
Expert Market Research has analysed the global shrimp market according to species, shrimp size, country and top players:
Market breakup by Species
Market breakup by Shrimp Size
Market breakup by Country
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
There is a huge demand for fresh as well as frozen shrimps in the global market. During 2014-2018, the global shrimp production market grew at a CAGR of around 3%. The market is currently being driven...
Sorbitol, a six-carbon sugar alcohol, occurs in plants naturally. It can also be synthesized through catalytic hydrogenation of D-glucose to produce D-sorbitol.
The European Natural Sweeteners market is expected to witness a CAGR of 2.3% annually during the forecasted period from 2019 to 2024. The international high-intensity sweetener market has grown with n...
Saccharin is an organic petroleum-based compound which is 300-500 times sweeter than sucrose and used as artificial sweetener in products such as cookies, medicines, soft drinks and candies.
Maltodextrin is used as a horticultural insecticide both in the field and in greenhouses. It also finds usage in pharmaceuticals such as in the form of diluents in tablets and coating material for the...
Have any queries or concern?