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According to our LPI (LP Information) latest study, the global Black Tiger Prawn market size was valued at US$ 681.8 million in 2022. With growing demand in downstream market, the Black Tiger Prawn is forecast to a readjusted size of US$ 1019.4 million by 2029 with a CAGR of 5.9% during review period.
The research report highlights the growth potential of the global Black Tiger Prawn market. Black Tiger Prawn are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Black Tiger Prawn. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Black Tiger Prawn market.
According to data from the Food and Agriculture Organization of the United Nations (FAO), the global aquatic product farming volume has shown an increasing trend from 1959 to 2021. According to preliminary statistics, the global aquatic product farming volume in 2021 was about 128 million tons. The State of World Fisheries and Aquaculture 2022 shows that total global aquaculture initial sales in 2020 was approximately US$265 billion, with farm sales estimated to total US$281.5 billion. Of the total aquaculture production, 87.5 million tons were produced of aquatic animals, mainly for human consumption; 35.1 million tons of algae, including food and non-food uses; 700 tons of shellfish and decorative pearls. Asian countries account for 70% of the global aquatic animal production in fisheries and aquaculture, followed by the Americas, Europe, Africa and Oceania.
Key Features:
The report on Black Tiger Prawn market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Black Tiger Prawn market. It may include historical data, market Segmentation by Type (e.g., Giant Black Tiger Prawn, Common Black Tiger Prawn), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Black Tiger Prawn market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Black Tiger Prawn market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Black Tiger Prawn industry. This include advancements in Black Tiger Prawn technology, Black Tiger Prawn new entrants, Black Tiger Prawn new investment, and other innovations that are shaping the future of Black Tiger Prawn.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Black Tiger Prawn market. It includes factors influencing customer ' purchasing decisions, preferences for Black Tiger Prawn product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Black Tiger Prawn market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Black Tiger Prawn market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Black Tiger Prawn market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Black Tiger Prawn industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Black Tiger Prawn market.
Market Segmentation:
Black Tiger Prawn market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
- Giant Black Tiger Prawn
- Common Black Tiger Prawn
Segmentation by application
- Household
- Restaurant & Hotel
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Minh Phu Seafood Corp
- Santa Priscila
- Mazzetta Company, LLC
- Wynntech Star
- Atlantic Shrimpers Ltd
- Zhanjiang Guolian
- Pescanova
- Royal Greenland A/S
- Quoc Viet
- Devi Fisheries
- The Liberty Group
- Nekkanti Sea Foods
- Austral Fisheries
- Tassal Group
- Fiodosur Group
- Pacific American Fish Company, Inc