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Market Overview of Global Shrimp market:
According to our latest research, the global Shrimp market looks promising in the next 5 years. As of 2022, the global Shrimp market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
The health benefits of shrimp include improved bone and brain health, weight management, and a lowered risk of cardiovascular disease. Shrimp has anti-inflammatory, and anti-aging properties that help to reduce the risk of various health ailments. It helps in treating age-related macular degeneration and relieving eye fatigue. It also provides relief from menstrual pain.
Influence of COVID-19 Outbreak on Shrimp Industry Development
With the impact of the epidemic and the global recession, the global foreign investment is shrinking. And developing markets like Africa are particularly affected. Risk-averse investors are holding back or even choosing to leave. At present, the impact of capital flight on the African market is real. On the other hand, although the road to recovery in Africa is full of difficulties, the epidemic has forced countries to speed up reforms and focus on solving outstanding problems that hinder long-term development; And further promote the rise of science and technology industry and become the driving force of industrial rejuvenation; On the difficult and vigorous road of recovery in Africa, the information environment is complicated, the influence of various forces and the competition for the right to speak are intensifying, which deserves investors' continuous attention.
The raging COVID-19 plunged the economic environment into depression. The impact of COVID-19 on the Shrimp industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.
In the short term, from the supply side, the company's operating pressure will increase due to postponement of workers' arrival and logistics and transportation issues. In the long run, as the epidemic gradually improves or ends, the impact on the Shrimp industry will gradually weaken.
Limitations
Africa is still the region with the highest concentration of extreme poverty and the highest incidence of poverty in the world. According to the World Bank's estimate, the number of people living in extreme poverty will increase by 88-93 million in 2020; The total number of new poor people is about 119-124 million. At present, more than 70% of the world's poor people live on the African continent.
The poverty problem in Africa is caused by multiple factors. The main reasons are the slow economic development, low labor output efficiency, large number of juvenile dependent population and worsening income inequality, which are seriously affecting the sustainable economic growth and further alleviating poverty. Apart from internal factors, the COVID-19 epidemic has brought great challenges to poverty reduction in Africa. As far as the income loss of poor families is concerned, Africa is the region most affected by the COVID-19 epidemic in the world: it is estimated that the poverty rate will increase by three percentage points in 2021.
The poverty problem in Africa has seriously affected the consumption base of shrimp industry, and most ordinary residents will not choose to buy shrimp products because of the price of products.
Company Overview:
Unima is one of the major players operating in the Shrimp market, holding a share of 1.91% in 2022.
Unima is a company specialized in the fishing and production of shrimps, with a focus on aquaculture farming. Unima is headquartered in Paris, France, and operates in Madagascar.
Thai Union Group is a Thailand-based producer of seafood-based food products. Thai Union's core businesses are built around tuna, shrimp, sardines, mackerel, salmon, pet food, and prepared foods, sold under international brand names such as Chicken of the Sea, John West, Petit Navire, and Parmentier, as well as leading local brands like Sealect, Fisho, Qfresh, and Monori. The company operates globally, with plants in more than a dozen countries spread across Europe, Asia, Africa, and North America.
Segmentation Overview:
Among different product types, Frozen Shrimp segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Supermarkets and Hypermarkets segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Shrimp market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Shrimp Market Report:
Market Size Estimates: Shrimp market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Shrimp market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Shrimp market
Segment Market Analysis: Shrimp market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Shrimp market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Shrimp Market: Revenue and sales volume of major countries in each region
Shrimp Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Shrimp market in major regions.
Shrimp Industry Value Chain: Shrimp market raw materials & suppliers, manufacturing process, distributors, downstream customers
Shrimp Industry News, Policies & Regulations
Key players in the global Shrimp market are covered in Chapter 12:
Ghavie Aquaculture
DanMarin A/S
Atlantic Shrimpers Limited
Thai Union Group
Unima
In Chapter 2 and Chapter 15.1, based on types, the Shrimp market from 2018 to 2028 is primarily split into:
Frozen Shrimp
Canned Shrimp
Others
In Chapter 3 and Chapter 15.2, based on applications, the Shrimp market from 2018 to 2028 covers:
Supermarkets and Hypermarkets
Convenience Stores
Independent Retailers
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Shrimp market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028