Analysis on Impact of COVID-19-Global Shrimp Market 2019-2023 | Evolving Opportunities with Cooke Aquaculture Inc. and Maruha Nichiro Corp. | Technavio

Technavio has announced its latest market research report titled Global Shrimp Market 2019-2023 (Graphic: Business Wire)

LONDON--()--The global shrimp market is expected to grow by USD 7.6 bn during 2019-2023 as per Technavio. This marks a significant market slowdown compared to the previous year's growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%. Request challenges and opportunities that influence COVID-19 pandemic- Request Free Latest Sample Report of Global Shrimp Market.

Read the 121-page report with TOC on "Shrimp Market Analysis Report by Product (frozen shrimp, canned shrimp, and others), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2019-2023".

https://www.technavio.com/report/global-shrimp-market-industry-analysis

The market is driven by the health benefits of shrimp. In addition, the rise in shrimp-based product launches is anticipated to boost the growth of the shrimp market.

Shrimp is a rich source of protein, zinc, iron, and vitamin D. The presence of zinc in shrimp helps in increasing leptin levels in the human body. Astaxanthin, a carotenoid, present in shrimp, acts as a powerful antioxidant. In addition, the presence of zinc helps in reducing the signs of aging related to ultraviolet A (UVA) and sunlight. Further, shrimp also helps in improving comprehension, memory, and concentration as it contains iron, which increases the oxygen flow to the brain. The low carbohydrate and calorie content in shrimp aids in weight reduction. Such health benefits will be a key driver for the market during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Shrimp Market Companies:

Cooke Aquaculture Inc.

The company operates in key business segments including Aquaculture and Fisheries. The company offers shrimp under the brands, SEAJOY and Wanchese.

Maruha Nichiro Corp.

The company operates in key business segments including Fisheries & Aquaculture, Trading Segment, Overseas Business, Processed Foods, Logistics, Others. The company offers shrimp under the brand, Maruha Nichiro.

Mazzetta Co. LLC

Mazzetta Co. LLC offers various seafood products, such as Atlantic cod, Atlantic salmon, Chilean sea bass, lobster, shrimp, mussels, crab, and tilapia, for retail as well as private-label vendors. The company offers shrimp under the brand, Oishii.

Rich Products Corp.

The company offers various food products, such as toppings and icings, cakes and desserts, pizza, nut-free cookies, baker breads and rolls, and shrimp and seafood. The company offers shrimp under the brand, RICH'S.

Thai Union Group PCL

The company operates in key business units including Ambient seafood, Frozen and chilled seafood and related business, and Pet food, value-added, and other business. The company offers shrimp under the brand, Chicken of the Sea.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Shrimp Market Product Outlook (Revenue, USD Billion, 2019-2023)

  • Frozen shrimp - size and forecast 2018-2023
  • Canned shrimp - size and forecast 2018-2023
  • Others - size and forecast 2018-2023

Shrimp Market Distribution Channel Outlook (Revenue, USD Billion, 2019-2023)

  • Supermarkets and hypermarkets - size and forecast 2018-2023
  • Convenience stores - size and forecast 2018-2023
  • Others - size and forecast 2018-2023

Shrimp Market Geographic Landscape Outlook (Revenue, USD Billion, 2019-2023)

  • APAC - size and forecast 2018-2023
  • Europe - size and forecast 2018-2023
  • MEA - size and forecast 2018-2023
  • North America - size and forecast 2018-2023
  • South America - size and forecast 2018-2023
  • Key leading countries

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

Release Summary

The global shrimp market size will grow by USD 7.6 billion during 2019-2023.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/