openPR Logo
Press release

Shrimp Market to reach US$ 67.5 Bn by the end of 2027

11-02-2017 12:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Future Market Insights’ new report titled “Shrimp Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” studies the overall performance of the highly competitive global shrimp market for the assessment period of 10 years.

The global shrimp market is anticipated to expand at a significant CAGR over the forecast period and APEJ is likely to dominate the market by grabbing maximum revenue share during the assessed 10 year period. 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.

Key Regulations by the European Union and FDA in the Global Shrimp Market
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

Obtain Report Details:
https://www.futuremarketinsights.com/reports/shrimp-market

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

The country of origin must appear on the list of countries that can export fishery products to the EU. This list is based on an assessment by the EU Food and Veterinary Office for compliance with European health standards for fishery products

Global Shrimp Market: Forecast by Distribution Channel
The distribution channel segment of the global shrimp market includes direct sales and indirect sales. Indirect sales is projected to be the most attractive distribution channel in the global shrimp market during the forecast period.

The indirect sales segment is estimated to account for a relatively high value share of 50.8% by 2017 end, and is anticipated to register a CAGR of 4.9% in terms of value over the forecast period. High consumption of shrimps through direct sales is expected to drive revenue growth of the related segment over the forecast period.

Global Shrimp Market: Forecast by Application
In terms of application, the food segment will hold dominance in the global shrimp market with a projected market value share of almost 75% by the end of 2027. The food segment will also register the highest segmental CAGR of 6.3% in terms of value during the forecast period.

Global Shrimp Market: Forecast by Form
Increasing consumption of on-the-go food products among the working population in urban regions is expected to reduce demand for the cooked form over the forecast period. The frozen form will remain market leader in this segment, anticipated to hold more than 40% market share by the end of 2027.

Global Shrimp Market: Forecast by Species
Farmed whiteleg shrimps will remain the most favoured species throughout the forecast period and revenue from this segment is anticipated to reach about US$ 14 Bn by the end of 2017. High preference for glaze and sweet taste by consumers in North America and Western Europe is expected to boost the demand for giant tiger shrimps over the forecast period.

Global Shrimp Market: Forecast by Source
In terms of value, the warm water shrimps segment is projected to be the most attractive in the global shrimp market during the forecast period. The warm water shrimps segment is estimated to account for a value share of almost 50% by 2017 end, and is anticipated to register CAGR of 5.4% in terms of value over the forecast period.

Make Enquiry @
https://www.futuremarketinsights.com/reports/sample/rep-gb-1838

Global Shrimp Market: Forecast by Region
The APEJ region is projected to be the most attractive regional market in the global shrimp market during the forecast period, leaving both North America and Western Europe behind in terms of revenue contribution. The APEJ shrimp market is projected to reach a market valuation of about US$ 26 Bn by the end of 2027, witnessing a CAGR of 6.2% during the period of study.

Global Shrimp Market: Competitive Landscape
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.

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Email:sales@futuremarketinsights.com
Website:https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shrimp Market to reach US$ 67.5 Bn by the end of 2027 here

News-ID: 798562 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Shrimp

Global Shrimp Market by Types (Whiteleg Shrimp, Giant Tiger Prawn, Akiami Paste …
The research team projects that the Shrimp market size will grow from XX in 2020 to XX by 2027, at an estimated CAGR of XX. The base year considered for the study is 2020, and the market size is projected from 2020 to 2027. Global Shrimp Market Overview This Global Shrimp market research report is used to gain insightful analyses of the market and have a comprehensive understanding of the global market
Fish, Fish Feed, Fish Feed Additives, Shrimp, Shrimp Feed, Shrimp Feed Additives …
Market Overview: Feeding these aquatic animals food is referred to as feeding fish and shrimp. To increase the end product quality of fish or shrimp, to preserve the physical and chemical quality of their diet, or to preserve the quality of the aquatic environment, additives are nutritional elements that are supplemented in small amounts. The producers of compound feed, integrators, farmers, home-mixers, animals, and participants in the aquaculture business are the final
Global Shrimp Market - Analysis By Species, Production Form, Shrimp Size, Region …
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Shrimp Market. The report analyses the Shrimp Market By Species (L. Vannamei, P. Monodon, M. Rosenbergii), By Production Form (Green/Head On, Green/Head Off, Peeled, Cooked, Breaded) and By Shrimp Size for regions including Americas, Europe, APAC, ROW and countries that include U.S., Canada,
Feed Grade Shrimp Paste market 2018-2025, Kamayan, Thai Shrimp, Two Chicken
Global Feed Grade Shrimp Paste market 2018 by ReportsQuest presents a professional and complete analysis of on the current Industry situation. The Global report includes Feed Grade Shrimp Paste Revenue, market Share, industry volume, Trends, Growth aspects. It analyses the important factors of the based on present industry situations, demands, business strategies utilized by Feed Grade Shrimp Paste market players and the future prospects from various angles in detail. Industry
Shrimp Market APEJ to Dominate the Global
Future Market Insights’ new report titled “Shrimp Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” studies the overall performance of the highly competitive global shrimp market for the assessment period of 10 years. The global shrimp market is anticipated to expand at a significant CAGR over the forecast period and APEJ is likely to dominate the market by grabbing maximum revenue share during the assessed 10 year period. Revenue from
Shrimp Market: Industry Analysis and Opportunity Assessment
Future Market Insights’ new report titled “Shrimp Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” studies the overall performance of the highly competitive global shrimp market for the assessment period of 10 years. The global shrimp market is anticipated to expand at a significant CAGR over the forecast period and APEJ is likely to dominate the market by grabbing maximum revenue share during the assessed 10 year period. Revenue