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Global Shrimp Market Size Share Research Forecast 2026

Asia Pacific dominated the market in 2016 and accounted for 36.56% share in the global shrimp market. Rising health awareness, high availability of shrimps at low price, and growing food service industry are some of the major factors supporting growth of the shrimp market in the region.

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Global Shrimp Market Size Share Research Forecast 2026

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  1. Global Shrimp Market Size Share Research Forecast 2026 Shrimps​​are classified as decapod crustaceans that play important roles in the food chain and are an important food source for larger animals ranging from fish to whales. Humans consume the muscular tails of several shrimp that are widely caught and farmed for consumption. Around 20% 0f the species are commercially significant that include Whiteleg, giant tiger prawn, akiami paste shrimp, southern rough shrimp, and others. Based on their categorization of presentation, grading, colour, and uniformity, most shrimp are sold frozen and marketed for high levels of omega-3 fatty acids and low levels of mercury along with proteins, vitamin A and B6, B12, C and E, thiamin, riboflavin, niacin, phosphorous, copper, choline, iodine, and astaxanthin. High nutritional benefits of shrimp along with increasing applications of chitosan and pigments obtained from shrimp are driving growth of the shrimp market. Moreover, growing consumption of seafood and increasing aquaculture industry are further fuelling growth of the shrimp market. For instance, according to United Nations Food and Agriculture Organization (UN FAO) survey in July 2016, the global per capita seafood consumption increased above 20 kg per person per year. Farmed whiteleg shrimps segment dominated the market in 2016 and is expected to maintain its dominance over the forecast period. It is widely used in shrimp salads and shrimp cocktail owing to its mild and sweet flavor. Further, giant tiger shrimps segment is anticipated to record a substantial growth in Western Europe and North America over the forecast period. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1232 Food segment was the largest application segment in 2016, owing to growing demand from restaurants and fast food chains for shrimps along with rising popularity of frozen and canned shrimps. According to the UN FAO, the global

  2. aquaculture production of food fish was recorded to 73,681 thousand units in 2014. Major players operating in the global shrimp market are​ Pacific Seafood, Morubel nv, Maruha Nichiro Corporation, The Clover Leaf Seafoods Family, Royal Greenland A/S, Rich Products Corporation, Thai Union Group PCL, Marvesta Shrimp Farms, Cargill, Incorporated, and Nippon Suisan Kaisha Ltd. For More Information: https://www.coherentmarketinsights.com/market-insight/shrimp-market-1 232 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: ​sales@coherentmarketinsights.com

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