Shrimp Market : Influential Factors Determining the Trajectory of the Market
Revenue from the global shrimp market is estimated at US$ 39.1 Bn in 2017, and is expected to reach US$ 67.5 Bn by the end of 2027. Sales revenue is projected to register a CAGR of 5.6% between 2017 and 2027.
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Shrimps need a health certificate confirming they meet the export standards prescribed by the European Union. This certificate is delivered by the respective governments of countries in the European Union following a harmonised template
Shrimps can only be imported into the EU if they have been dispatched from, obtained or prepared in approved establishments (cold store, processing plant, factory or freezer vessels), so these facilities must be inspected and approved by the government (Ministry of Agriculture, Health, Commerce, etc.)
The Center for Food Safety and Applied Nutrition (CFSAN) Division of Seafood Safety examines and appraises the implementation of seafood regulations, domestic and foreign programs, and bilateral agreements; reviews industry petitions and regulatory actions; and, provides scientific/technical support, training, evaluation and certification for state and international shellfish programs
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Charoen Pokphand Food PCL, Maruha Nichiro Corporation, Nippon Suisan Kaisha, Ltd., High Liner Foods Inc., Royal Greenland A/S, Wild Planet Foods Inc., The Clover Leaf Seafoods Family, Blue Star Seafood Co. Ltd., Ocean America Food SA, Rich Products Corporation, DNI Group LLC, Surapon Foods Public Company Limited, Siam Canadian Group Limited, Sirena A/S, Trident Seafoods Corporation, International fishing farming holding company PJSC-Asmak, Morubel and Pacific Seafood Group are some of the key players operating in the global shrimp market, which have been profiled in the report.
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