Dublin, Dec. 10, 2020 (GLOBE NEWSWIRE) -- The "Organic Shrimp Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Source, Species, Application" report has been added to ResearchAndMarkets.com's offering.
According to this report the market was valued at US$ 3.40 billion in 2019 and is projected to reach US$ 6.16 billion by 2027; it is expected to grow at a CAGR of 7.7% from 2020 to 2027.
The organic shrimp market is broadly segmented into five major regions - North America, Europe, APAC, MEA, and SAM. Increasing awareness regarding the organic food products and nutritional profile of seafood are the major factors supporting the global organic shrimp market growth. The market is fragmented one, with a large number of well-established global players that have a broad geographic reach and well-diversified product offerings. Moreover, the market also includes several regional players with limited geographic focus.
APAC holds the largest share of the global organic shrimp market owing to growing awareness regarding the health benefits of organic shrimps. Countries such as Bangladesh, India, Vietnam, Malaysia, Indonesia, and the Philippines are the key exporters of organic shrimp globally. Supportive government initiatives contribute significantly to the growth of the organic shrimp market in this these countries. APAC accounted for more than 50% of the total market in 2019. The global organic shrimp market players have an opportunity to expand their presence in APAC to achieve a significant market share.
The organic shrimp market, by application, is segmented into food, pharmaceuticals, cosmetics, and others. The food segment is expected to dominate the organic shrimp market during the forecast period. The dominance of the food industry among the major applications of organics shrimps is attributed to its extensive popularity among sea food category and consumption in numerous cultures. Shrimps are offered in either a fresh form or a frozen form, and are extensively popular among sushi restaurants. In retail food industry, the frozen shrimps are the most commonly available form of the products throughout the year. Owing to their extensive rich nutrients, proteins and low-calorie value their have gained unprecedented popularity among different food industries in various countries.
Impact of COVID-19 on Organic Shrimp market
The organic shrimp market in APAC has witnessed a mixed impact of the COVID-19 outbreak. For instance, India witnessed a decline in the demand for wet market-based goods and products resulting in the decline in the shrimp prices owing to limited exporting opportunities. Whereas, the Indonesian market hardly witnessed any impact in the demand for shrimps and the prices fell sharply owing to the abundant supply as the international exporting plummeted. China, which has emerged as the second-largest importer of shrimp after the US, also witnessed negligible decline in demand for shrimps following the pandemic. However, the country did impose import restriction on shrimps exported by selected Latin American countries due to detection of the virus in imported shrimps.
Key Topics Covered:
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Organic Shrimps Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 MEA- PEST Analysis
4.2.5 SAM- PEST Analysis
5. Organic Shrimp Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in demand from Western countries continue to propel the market growth
5.1.2 Increase in scope of application
5.2 Market Restraints
5.2.1 Hygiene and quality of imported shrimp along with illegal trade practices in shrimp farming
5.3 Market Opportunities
5.3.1 Emerging organic shrimp farming facilities in the Asian countries
5.4 Future Trends
5.4.1 Popularity of aquaculture to facilitate the adoption of organic shrimp
5.5 Impact Analysis of Drivers and Restraints
5.6 Ecosystem Analysis
5.7 Expert Opinion
6. Organic Shrimp Market - Global Analysis
6.1 Organic Shrimp Market Global Overview
6.2 Market Positioning - Five Key Players
7. Organic Shrimp Market Analysis - By Source
7.1 Overview
7.2 Organic shrimp Market, by Source (2019 and 2027)
7.3 Cold Water
7.3.1 Overview
7.3.2 Cold Water: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
7.4 Warm Water
7.4.1 Overview
7.4.2 Warm Water: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
8. Organic Shrimp Market Analysis - By Species
8.1 Overview
8.2 Organic shrimp Market, by Deployment Type (2019 and 2027)
8.3 Gulf Shrimps
8.3.1 Overview
8.3.2 Gulf Shrimps: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
8.4 Farmed Whiteleg Shrimps
8.4.1 Overview
8.4.2 Farmed Whiteleg Shrimps: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
8.5 Banded Coral Shrimps
8.5.1 Overview
8.5.2 Banded Coral Shrimps: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
8.6 Royal Red Shrimps
8.6.1 Overview
8.6.2 Royal Red Shrimps: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
9. Organic Shrimp Market Analysis - By Application
9.1 Overview
9.2 Organic shrimp Market, by Application (2019 and 2027)
9.3 Food
9.3.1 Overview
9.3.2 Food: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
9.4 Pharmaceutical
9.4.1 Overview
9.4.2 Pharmaceutical: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
9.5 Cosmetics
9.5.1 Overview
9.5.2 Cosmetics: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Others: Organic Shrimp Market - Revenue and Forecast to 2027 (US$ Mn)
10. Organic Shrimp Market - Geographic Analysis
10.1 Overview
10.2 North America: Organic shrimp Market
10.3 Europe: Organic shrimp Market)
10.4 APAC: Organic shrimp Market
10.5 MEA: Organic shrimp Market
10.6 SAM: Organic shrimp Market
11. Impact of COVID-19 Pandemic on Global Organic shrimp Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East & Africa: Impact assessment of COVID-19 Pandemic
11.5 South Africa: Impact assessment of COVID-19 Pandemic
12. Industry Landscapes
12.1 Market Initiative
13. Company Profiles
13.1 Charoen Pokphand Foods PCL
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 High Liner Foods Incorporated
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Maruha Nichiro Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BLUE STAR SEAFOOD CO. LTD.(Blue Snow Food Co, Ltd.)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 The Clover Leaf Seafoods Family
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Nippon Suisan Kaisha, Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Royal Greenland A/S
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Cooke Aquaculture
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Seacore Seafood Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Omarsa S.A.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
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