Increasing focus on maintaining good health especially as the world is witnessing various pandemic and epidemic outbreak has been increasing seafood consumption. Against this backdrop Future Market Insights (FMI), presents a positive outlook for the shrimps market. According to the report, the shrimps market is slated to register a CAGR of 6.7% between 2021 and 2031.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for taurine. The report tracks the global sales of taurine in 20+ high-growth markets, along with analysing the impact COVID-19 has had on the food and beverage industry in general, and taurine in particular.
Shrimp has a variety of health benefits such as it is a rich source of minerals and vitamins, which makes it a highly consumed seafood. The consumption of shrimp helps to promote good heart and brain health because it also contains high amounts of omega 3, 6 and 9 fatty acids and various antioxidant in them. The shrimp market is gaining impetuson account of increasing awareness about various health benefits among consumers.
For more Insights into the Market, Request a Sample of this Report:https://www.futuremarketinsights.com/reports/sample/rep-gb-1838
Shrimps are available in different varieties such as gulf shrimps, farmed white leg shrimps, banded coral shrimps, royal red shrimps, and others.The demand for various shrimps may vary from one region to another, depending on their food habits.Besides increasing consumption of shrimps in food, application in cosmetics, pharmaceutical, and biotechnology industries is increasing as well.
Key Takeaways from the Shrimp Market Study
- Despite restrictions amid pandemic, shrimps market is forecast to exhibit a little below 6% y-o-y growth in 2021
- Increasing shrimp consumption will enable the U.S. account for over 80% sales in North America
- The U.K. will continue dominating the Europe market, exhibiting 8.6% y-o-y growth in 2021
- Seafood consumption is considerably high in Germany and France, catapulting them as lucrative markets for shrimps within Europe
- China is the largest producer of shrimps and will continue dominating the East Asia market
“Increasing demand for food products with high nutritive value will drive shrimps sales. The market players are likely to focus on strategic collaborations to explore opportunities across untapped markets,” said a lead analyst at FMI
Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-1838
Increasing Use of Shrimp in Cosmetics and Pharmaceutical Segments
Medical advantages of shrimpscan improve bone density, mind wellbeing, weight control, and reduce the risk of cardiovascular illnesses. Ingredients derived from shrimps are used in various skin care brands, aimed at offering good skin and anti-aging properties.
Who is winning?
Some of the leading players operating in the shrimps marketare Vinnbio India Pvt. Ltd, Charoen Pokphand Food PCL, Pescanova S.A, Galveston Shrimp Company, Gulf Shrimp Company, Seajoy Group, Dom International Limited Thai Union Frozen Products PLC,Marine Harvest ASA, Baton Rouge Shrimp Company, Inc., Labrador Fishermen’s Union Shrimp Company Ltd., ,The Clover Leaf Seafoods Family Ristic GmbHOmarsa S.A, MSeafood Corp Carribbean Ananda Group, Nippon Suisan Kaisha, Ltd.,Shrimp Company Limited, Artisanfish LLC, Orchid Marine and others.
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/1838
Key Questions Answered in the Shrimp Report
- Which is the most lucrative market for Shrimps?
North America currently leads the global market for shrimp.Within North America, the U.S. is expected to remain dominant.
- Which is the top-selling type of shrimp?
Farmed white legs shrimped is expected to be the preferred species in the global shrimpsmarket with the market share of more than three quarter.
- Which is key application of shrimps?
The food sector has been exhibiting high demand for shrimps and will remain the key segment in terms of application.
- Which are some of the leading companies offering Shrimp?
Some of the leading companies operating in the market areCharoen Pokphand Food PCL, The Clover Leaf Seafoods Family, Nippon Suisan Kaisha, Ltd., Marine Harvest ASA, Gulf Shrimp Company, Thai Union Frozen Products PLC, Baton Rouge Shrimp Company, Inc., Pescanova S.A, Galveston Shrimp Company, Labrador Fishermen’s Union Shrimp Company Ltd., Omarsa S.A, MSeafood Corp, Ristic GmbH, Vinnbio India Pvt. Ltd, Seajoy Group, Dom International Limited, Carribbean Shrimp Company Limited, Artisanfish LLC, Ananda Group, Orchid Marine and others.