Accordingto a new study by Transparency Market Research, the sales of organic shrimp areexpected to reach ~US$ 350 Mn in 2019, and record a CAGR of 7% throughoutthe forecast period till 2029.Growth of the organic shrimp market remains driven by a slew of factors, which rangefrom rising demand for organic seafood products and changing regulations in thefood & beverage industry, to growing awareness regarding the benefits oforganic food products among consumers.
Organicshrimp is used in various applications by the food industry, feed industry,food service providers and households. The usage of organic shrimp isincreasing rapidly in households. Among the various species of organic shrimp,white leg shrimp is becoming popular, and the demand for this type of organicshrimp is expected to grow rapidly during the forecast period of 2019-2029, as suchboosting the growth of the overall organic shrimp market.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35096
OrganicShrimp Market: New Farms in Key Producing Countries to Augment Supply
Organicshrimp is an import-oriented market, offering ample scope for players and newfarms to enter the domestic and international markets. The demand for organicshrimp is high across the globe, especially in the U.S. and in Europeanregions. With Asia representing ~40% oftotal organic shrimp production, new farms have been set up in key countries byplayers anticipating new opportunities for the growth of the organic shrimpmarket in the region.
More Trending Reports
Chinais by far a large organic shrimp producing country, followed by India, whichreported an extraordinary increase in production during the early 2000s. On theother hand, production in Thailand and Vietnam has developed significantlyduring the past decade in terms of volume. Such markets provide ampleopportunities for existing and new players to set up new farming facilities inthe organic shrimp market.
IncreasingAdoption of Free Trade to Create New Opportunities for Organic Shrimp Market
Regionalintegration was lacking in Latin America as a result of major economies such asBrazil and Argentina that had not adopted free trade policies. However, thescenario has changed in recent years. After the successful adoption of freetrade agreements by Peru and Mexico, other countries have started adopting freetrade due to its various benefits. Free trade has helped in the integration ofthe supply chain, which results in increasing trade activities and boosts tradevolumes between countries.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=35096<ype=S
Freetrade has increased access to higher-quality, lower-priced goods. Cheaperimports, particularly from countries such as China and India, have also easedinflationary pressure in the Latin American region. Organic shrimpmanufacturers are now gaining easier access to other countries in the LatinAmerican region, which is expected to bolster the growth of the organic shrimpmarket over the forecast period.
Risein Demand by Organic & Natural Feed Ingredient Industry to Boost Sales
Petowners are becoming more cautious about their pet’s health and diet, due towhich, the demand for organic and natural feed is witnessing an increase. Ashift to organic and natural food is perceived to alleviate allergies in pets.These food offerings are free from chemical additives, toxic pesticides, andartificial components, which may cause discomfort to pets. Additionally, theuse of natural ingredients strengthens the immune system of pets.
Theconsumption of organic shrimp helps increase life expectancy and quality oflife. Organic shrimp products provide pets with the necessary energy, as theycontain larger amounts of nutrient-dense calories. The incorporation of organicshrimp in the diet of pets also helps reduce the risk of obesity.
GlobalOrganic Shrimp Market: Competitive Landscape
Someof the key players in the global organic shrimp market are Omarsa S.A, MSeafood Corp, RisticGmbH, Vinnbio India Pvt. Ltd., Seajoy Group, Dom International Limited,Caribbean Shrimp Company Limited, Artisanfish LLC, Ananda Group, and OrchidMarine.
AboutUs
TransparencyMarket Research (TMR) is a global market intelligence company providingbusiness information reports and services. The company’s exclusive blend ofquantitative forecasting and trend analysis provides forward-looking insightsto thousands of decision makers. TMR’s experienced team of analysts,researchers, and consultants use proprietary data sources and various tools andtechniques to gather and analyse information.
TMR’sdata repository is continuously updated and revised by a team of researchexperts so that it always reflects the latest trends and information. Withextensive research and analysis capabilities, Transparency Market Researchemploys rigorous primary and secondary research techniques to developdistinctive data sets and research material for business reports.
Contact
TransparencyMarket Research
90State Street, Suite 700
Albany,NY 12207
Tel:+1-518-618-1030
USA- Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
