Shrimps are crustaceans and belong to the large group of arthropods. Like most seafood, shrimps are consumed for their nutritional and health benefits as they are a unique source of antioxidant and anti-inflammatory carotenoid nutrient astaxanthin. 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 by a high nutritional value of shrimps along with an increasing demand for cosmopolitan food. This report by Expert Market Research, entitled “Shrimp Market Report and Forecast 2019 – 2024”, provides a comprehensive analysis for anyone who plans to foray into the shrimp market.
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Historical market trends for the shrimp industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, Asia currently represents the largest market, with China leading in shrimp production followed by Vietnam, India and Indonesia. On the basis of species type, the global shrimp market has been segmented as Penaeus Vannamei (or White-leg shrimp), Penaeus Monodon (or Black Tiger Shrimp), Macrobrachium Rosenbergii and others. For each of the species, the report has provided both historical and future market trends. Additionally, the report has analyzed the global shrimp market on the basis of its size. Currently, the market is moving towards the production of smaller shrimp sizes (51-60 and smaller) since 2010. This shift to smaller shrimp has been driven by narrowing price margins between the small sizes and the larger counts.
The value chain analysis of shrimp processing, encompassing all the activities such as procurement, manufacturing, sales and distribution, has also been covered in this report. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analyzing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the shrimp industry has also been provided. Some of the key players in this market 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.
This report provides an exhaustive insight for setting-up and running a shrimp processing plant. Factors such as land requirement, construction requirement, raw material requirement, labor requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the shrimp industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Shrimp Market: Industry Overview
6.1 Figure: Global Shrimp Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Figure: Global Shrimp Market Breakup by Country: Historical Market (2015-2019) & Forecast (2020-2025)
6.2.1 China
6.2.2 Vietnam
6.2.3 India
6.2.4 Indonesia
6.2.5 Ecuador
6.2.6 Thailand
6.2.7 Others
6.3 Figure: Global Shrimp Market Breakup by Species: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Penaeus Vannamei
6.3.2 Penaeus Monodon
6.3.3 Macrobrachium Rosenbergii
6.3.4 Others
6.4 Figure: Global Shrimp Market Breakup by Shrimp Size: Historical Market (2015-2019) & Forecast (2020-2025)
6.4.1 Large Size
6.4.2 Medium Size
6.4.3 Small Size
6.4.4 Extra Small Size
7 Global Shrimp Price Analysis
7.1 North America Shrimp Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.2 Europe Shrimp Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.3 India Shrimp Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.4 China Shrimp Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.5 Vietnam Shrimp Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.6 Ecuador Shrimp Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.7 Middle East and Africa Shrimp Historical Price Trend (2015-2019) and Forecast (2020-2025)
8 Global Trade Data Analysis
8.1 Major Exporting Countries: by Value and Volume
8.2 Major Importing Countries: by Value and Volume
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porter’s Five Forces Analysis
11.1 Overview
11.2 Buyer’s Power
11.3 Supplier’s Power
11.4 New Entrants
11.5 Degree of Rivalry
11.6 Substitutes
12 Setting Up a Shrimp Processing Plant
12.1 Key Success and Risk Factors for Processing Shrimp
12.2 Products Manufactured: Introduction and Specification
12.3 Process Involved
12.4 Process Flow
12.5 Raw Material Requirements and Mass Balance
13 Capital Investment
13.1 Land Requirements and Investment
13.2 Construction Requirements and Investment
13.3 Machinery Requirements and Investment
13.4 Other Capital Requirements and Investment
14 Operating Expenditures
14.1 Raw Material Requirements and Expenditures
14.2 Packaging Requirements and Costs
14.3 Labour Requirements and Costs
14.4 Transportation Requirements and Costs
14.5 Utility Requirements and Costs
14.6 Financial Support
14.7 Other Operating Expenditures
15 Project Economics
15.1 Techno-Economic Parameters
15.2 Product Pricing and Margins
15.3 Income Projections
15.4 Expenditure Projections
15.5 Taxation
15.6 Depreciation
15.7 Financial Analysis
16 Competitive Landscape
16.1 Mazzetta Company, LLC
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 Ma Yo Foods Co., Ltd
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 United European Seafood Traders Ltd
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 Carson and Co.
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 Seaprimexco Vietnam
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 A B Golden Seafood
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 Ocean More Foods Co., Limited
16.7.1 Company Overview
16.7.2 Financial Analysis
16.8 Afentoulis Liveris & Co.
16.8.1 Company Overview
16.8.2 Financial Analysis
16.9 Midseas Corp
16.9.1 Company Overview
16.9.2 Financial Analysis
16.10 Grand Ocean Seafoods Co., Ltd
16.10.1 Company Overview
16.10.2 Financial Analysis
16.11 Sealicious Foods Co., Ltd
16.11.1 Company Overview
16.11.2 Financial Analysis
16.12 Charoen Pokphand Foods PCL
16.12.1 Company Overview
16.12.2 Financial Analysis
16.13 Others
17 Events and Developments
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