Organic Shrimp Market Insights, Leading Players, Growth and Business Opportunities

Organic Shrimp Market: New Farms in Key Producing Countries to Augment Supply

Organic shrimp is an import-oriented market, offering ample scope for players and new farms to enter the domestic and international markets. The demand for organic shrimp is high across the globe, especially in the U.S. and in European regions. With Asia representing ~40% of total organic shrimp production, new farms have been set up in key countries by players anticipating new opportunities for the growth of the organic shrimp market in the region.

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China is by far a large organic shrimp producing country, followed by India, which reported an extraordinary increase in production during the early 2000s. On the other hand, production in Thailand and Vietnam has developed significantly during the past decade in terms of volume. Such markets provide ample opportunities for existing and new players to set up new farming facilities in the organic shrimp market.

Increasing Adoption of Free Trade to Create New Opportunities for Organic Shrimp Market

Regional integration was lacking in Latin America as a result of major economies such as Brazil and Argentina that had not adopted free trade policies. However, the scenario has changed in recent years. After the successful adoption of free trade agreements by Peru and Mexico, other countries have started adopting free trade due to its various benefits. Free trade has helped in the integration of the supply chain, which results in increasing trade activities and boosts trade volumes between countries.

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Free trade has increased access to higher-quality, lower-priced goods. Cheaper imports, particularly from countries such as China and India, have also eased inflationary pressure in the Latin American region. Organic shrimp manufacturers are now gaining easier access to other countries in the Latin American region, which is expected to bolster the growth of the organic shrimp market over the forecast period.

Rise in Demand by Organic & Natural Feed Ingredient Industry to Boost Sales

Pet owners are becoming more cautious about their pet's health and diet, due to which, the demand for organic and natural feed is witnessing an increase. A shift to organic and natural food is perceived to alleviate allergies in pets. These food offerings are free from chemical additives, toxic pesticides, and artificial components, which may cause discomfort to pets. Additionally, the use of natural ingredients strengthens the immune system of pets.

The consumption of organic shrimp helps increase life expectancy and quality of life. Organic shrimp products provide pets with the necessary energy, as they contain larger amounts of nutrient-dense calories. The incorporation of organic shrimp in the diet of pets also helps reduce the risk of obesity.

Global Organic Shrimp Market: Competitive Landscape

Some of the key players in the global organic shrimp market are Omarsa S.A, MSeafood Corp, Ristic GmbH, Vinnbio India Pvt. Ltd., Seajoy Group, Dom International Limited, Caribbean Shrimp Company Limited, Artisanfish LLC, Ananda Group, and Orchid Marine.

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Global Organic Shrimp Market: Segmentation

Organic Shrimp Market by Species

White Leg Shrimp
Giant Tiger Prawn

Organic Shrimp Market by Form

Fresh
Processed
Frozen
Cooked
Peeled
Canned
Others

Organic Shrimp Market by End Use

Food Industry
Feed Industry
Food Service Providers
Household/Retail

Organic Shrimp Market by Distribution Channel

Direct
Indirect
Modern Trade
Convenience Stores
Online Retail

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