#Shrimp Market Forecast

[global-research-report]

Shrimp Market 2023 to 2030: Size, Share, and Strategic Analysis

The global shrimp market size was estimated to reach USD 104.59 billion in 2030 and is anticipated to grow at a CAGR of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market presents a range of compelling opportunities for businesses and investors, driven by various factors that align with evolving consumer trends and industry advancements. First, the continually rising global demand for seafood, including shrimp, offers a promising avenue for growth. This heightened demand stems from population growth, increased disposable incomes, and a growing awareness of the health benefits associated with seafood consumption. Shrimp producers can seize this opportunity by scaling up their production to meet the burgeoning market demand.

In addition, there is a notable shift in consumer preferences towards healthier and protein-rich food choices. Shrimp, as a low-calorie, high-protein seafood option, perfectly aligns with these health-conscious trends. To capitalize on this, businesses can invest in the development and marketing of value-added shrimp products that cater to health-conscious consumers, further enhancing their market share.

vannamei dominated the market in 2022 with the largest revenue share. The demand for demand for Litopenaeus vannamei (L. vannamei) in the market is being driven by its rapid growth and its rising usage in the global shrimp trade. The species is recognized for its significant growth rate and productivity. Compared to many other shrimp species, it exhibits rapid growth, reaching marketable size in a relatively short period. This characteristic is of high importance in the shrimp industry as it allows farmers to produce more shrimp in a shorter timeframe. This increased production capacity directly addresses the rising global demand for shrimp.

Based on source, the aquaculture segment held the largest revenue share in 2022. Shrimp from aquaculture, often referred to as farmed shrimp or cultured shrimp, has become increasingly popular in recent years owing to several reasons. Shrimp farming allows for a more consistent and reliable supply of shrimp throughout the year. As the global demand for shrimp has grown, shrimp farming has helped alleviate some of the pressure on wild shrimp populations. Overfishing of wild shrimps can deplete natural stocks and harm marine ecosystems, therefore aquaculture can be a more sustainable alternative.

Based on form, the Green/ Head-on segment dominated the market in 2022 with the largest revenue share. Head-on shrimps are commonly used in various culinary dishes, especially in Asian and Mediterranean cuisines. They are often prepared by grilling, sautéing, frying, or boiling and can be used in a wide range of recipes, including stir-fries, shrimp scampi, paella, and shrimp cocktails.

The B2B distribution channel segment held the largest market share in 2022. B2B distribution channels allow shrimp producers to reach a broader market. Distributors often have established networks and relationships with various retailers, restaurants, and food service providers, thus making shrimp products available to a larger audience globally. Restaurants and seafood markets often offer seafood platters featuring a variety of seafood, including boiled or steamed shrimp, crab legs, clams, and mussels. This broadens the market reach of shrimp producers, leading to lucrative growth opportunities. The B2B segment also offers a wide variety of shrimp products, including different species, sizes, and value-added options like peeled, cooked, or breaded shrimp, thus catering to diverse consumer preferences and culinary trends during the forecast period.

Asia Pacific held the largest share of the market in 2022. The Asia Pacific region is home to a significant portion of the world's population, providing a substantial consumer base for shrimp products. Shrimp is an integral part of the culinary traditions in many Asian countries. It is featured in a wide range of traditional dishes and is often associated with festive and celebratory occasions. Several Asian countries, such as India, Thailand, Indonesia, and Vietnam, are major shrimp producers. They export shrimp products to international markets, contributing to economic growth and increasing the availability of shrimp domestically.

Various steps are adopted by the major companies in the market including new product launches, partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market.

Shrimp Market Report Highlights

Based on region, the Middle East & Africa region is anticipated to grow at the fastest CAGR of 6.3% over the forecast period from 2023 to 2030. Consumers in the MEA region seek healthier protein sources, and shrimp is considered a nutritious and low-fat option. With increasing awareness of the health benefits of seafood, more people are incorporating shrimp into their diets, which is expected to boost the market in the MEA

Based on species, the P. chinensis segment is estimated to grow at the fastest CAGR of 7.2% over the forecast period. The global demand for seafood, including shrimp, continues to rise, and Chinese White Shrimp or P. chinensis plays a crucial role in meeting this demand in international markets

In terms of source, the aquaculture segment is estimated to exhibit the fastest CAGR of 6.2% over the forecast period. Shrimp from aquaculture, often referred to as farmed shrimp or cultured shrimp, has become increasingly popular in recent years owing to several reasons

In terms of form, the breaded segment is estimated to register the fastest CAGR of 6.6% from 2023 to 2030. The food service industry, including restaurants, fast-food chains, and catering services, often incorporate breaded shrimp into their menus

Based on distribution channel, the B2C distribution channel is anticipated to grow at the fastest CAGR of 5.9% over the forecast period. The increasing use of online channels due to their various advantages, such as time-saving nature and discounts offered, in the B2C segment further fuels the segment growth

Shrimp Market Segmentation

Grand View Research has segmented the global shrimp market based on species, source, form, distribution channel, and region:

Shrimp Species Outlook (Volume, Metric Tons; Revenue, USD Million, 2017 - 2030)

Vannamei

Trachipenaeus Curvirostris

Pleoticus Muelleri

Monodon

Acetes Japonicus

Pandalus Borealis

Chinensis

Others

Shrimp Source Outlook (Volume, Metric Tons; Revenue, USD Million, 2017 - 2030)

Wild

Aquaculture

Shrimp Form Outlook (Volume, Metric Tons; Revenue, USD Million, 2017 - 2030)

Green/ Head-off

Green/ Head-on

Peeled

Cooked

Breaded

Others

Shrimp Distribution Channel Outlook (Volume, Metric Tons; Revenue, USD Million, 2017 - 2030)

B2B

B2C

Shrimp Regional Outlook (Volume, Metric Tons; Revenue, USD Million, 2017 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Italy

Spain

Lithuania

Asia Pacific

China

Japan

India

Thailand

Vietnam

South Korea

Central & South America

Brazil

Middle East & Africa

South Africa

Order a free sample PDF of the Shrimp Market Intelligence Study, published by Grand View Research.

[credenceresearchdotblog]

The Astaxanthin Market is projected to grow from USD 274.7 million in 2024 to an estimated USD 571.93 million by 2032, with a compound annual growth rate (CAGR) of 9.6% from 2024 to 2032.Astaxanthin, a powerful antioxidant derived from microalgae, yeast, shrimp, salmon, and other marine sources, has gained significant traction in the global market due to its health benefits and diverse applications. Known for its vibrant red pigment and exceptional antioxidant properties, astaxanthin is increasingly utilized in dietary supplements, cosmetics, aquaculture, and pharmaceuticals. The global astaxanthin market is experiencing substantial growth, driven by rising consumer awareness about wellness, the expansion of the nutraceuticals sector, and the ongoing search for sustainable, natural solutions.

Browse the full report https://www.credenceresearch.com/report/astaxanthin-market

Market Overview and Growth Drivers

The astaxanthin market was valued at over USD 800 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of more than 6% from 2024 to 2030. Several factors contribute to this robust growth trajectory:

Health and Wellness Trends Increasing consumer awareness of the health benefits of antioxidants has been a significant market driver. Astaxanthin is renowned for its ability to reduce oxidative stress, improve skin health, enhance immune function, and support cardiovascular health. These benefits have propelled its demand in the nutraceutical and functional food sectors.

Rising Popularity in Cosmetics The cosmetic industry has embraced astaxanthin due to its anti-aging and skin-protective properties. It is widely used in skincare products to reduce wrinkles, improve skin elasticity, and protect against UV damage. With the growing demand for natural and organic cosmetics, astaxanthin’s market share in this segment is expanding.

Aquaculture and Animal Feed Applications Astaxanthin is a vital feed additive in aquaculture, particularly in salmon farming, to enhance pigmentation and improve the nutritional quality of fish. As global aquaculture production increases, the demand for astaxanthin in this sector is also rising.

Pharmaceutical Applications Emerging research into the therapeutic potential of astaxanthin for managing conditions like inflammation, eye disorders, and neurodegenerative diseases has spurred interest in its use in pharmaceuticals.

Challenges and Opportunities

Despite its promising growth, the astaxanthin market faces challenges such as high production costs and limited consumer awareness in certain regions. Natural astaxanthin production, while environmentally friendly, involves complex and expensive cultivation and extraction processes. Synthetic alternatives, though cheaper, are often viewed as less desirable by health-conscious consumers.

The development of cost-effective, sustainable production technologies presents significant opportunities for market players. Advances in microalgae farming, including the use of photobioreactors and genetic engineering, are expected to reduce production costs and improve yield. Additionally, increasing investment in research and development to explore new applications of astaxanthin could unlock further market potential.

Future Outlook

The future of the astaxanthin market looks bright, driven by a growing emphasis on preventive healthcare, sustainable aquaculture practices, and natural beauty products. As consumers increasingly prioritize wellness and eco-friendly solutions, astaxanthin is poised to become a key player in the global health and wellness ecosystem.

Key Player Analysis:

Algatech Ltd

MicroA

Cyanotech Corporation

Algalíf Iceland ehf

Beijing Gingko Group (BGG)

PIVEG, Inc.

Fuji Chemical Industries Co., Ltd

ENEOS Corporation

Atacama Bio Natural Products S.A.

E.I.D. – Parry (India) Limited (Alimtec S.A., Valensa International)

Segmentation:

Based on Product Type:

Natural Astaxanthin

Synthetic Astaxanthin

Based on Technology:

Algae-Based Production

Chemical Synthesis

Based on End-User:

Food & Beverages

Dietary Supplements

Cosmetics

Pharmaceuticals

Based on Region:

North America

United States

Canada

Mexico

Europe

Germany

France

United Kingdom

Italy

Spain

Asia Pacific

China

Japan

India

South Korea

Australia

Latin America

Brazil

Argentina

Chile

Mexico

Middle East & Africa

United Arab Emirates

Saudi Arabia

South Africa

Egypt

Browse the full report https://www.credenceresearch.com/report/astaxanthin-market

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Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com

[savibangar]

Chitosan Market Size, Share, Forecast, & Trends Analysis by Source (Shrimps, Prawns, Crabs, Fungi), Grade (Industrial, Food, Pharmaceutical), Application (Biomedical and Pharmaceutical, Water Treatment, Cosmetics, Food & Beverage) - Global Forecast to 2031

[marketanalysisdata]

Astaxanthin Market Share and Growth Information Analysis Report by 2030

The global astaxanthin market was valued at USD 2.34 billion in 2023, with a projected compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is driven by rising demand across multiple sectors, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. Astaxanthin is particularly valued in aquaculture as a feed ingredient for prawns, salmon, trout, and ornamental fish to enhance their coloration, which increases their commercial appeal. Besides improving pigmentation, astaxanthin also contributes to enhanced stress tolerance, improved performance, immune support, reproductive health, increased survival rates, and disease resistance in aquatic animals. To meet this demand, major market players are focusing on product innovation and forming partnerships, especially in the aquaculture sector.

Organizations promoting awareness about astaxanthin’s applications further support market growth. The Natural Algae Astaxanthin Association (NAXA), for example, plays a significant role in advocating for natural astaxanthin, promoting its benefits across various industries, supporting research, and certifying products with the NAXA Verification Seal.

Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market

To expand market reach, companies are leveraging strategies such as product launches and collaborations with leading firms in key industries. For example, in May 2022, Algalif partnered with Divi’s Nutraceuticals to launch AstaBeads, a high-concentration astaxanthin beadlet targeting sports nutrition and healthy aging applications. This collaboration is poised to boost market penetration of natural astaxanthin products. Furthermore, The Lubrizol Corporation introduced ASTAGILE microcapsules in October 2020 to promote cognitive health and agility for both young and elderly consumers.

In May 2022, Algalif and Divi’s Nutraceuticals collaborated on producing high-concentration natural astaxanthin beadlets. Based in Iceland, Algalif uses a renewable-energy-powered process to produce high-quality astaxanthin oleoresin from microalgae. Divi’s Nutraceuticals then applies its expertise in fat-soluble ingredients to transform this oleoresin into AstaBead beadlets, which contain a concentrated 5% astaxanthin. This partnership emphasizes both sustainability and premium product quality, showcasing a commitment to environmental stewardship and product excellence.

Application Segmentation Insights:

In 2023, the aquaculture and animal feed sector held the largest market share at 46.39%, primarily due to astaxanthin’s extensive use as a feed additive to enhance reddish pigmentation in species like salmon, trout, and shrimp, which is a key consumer preference. Astaxanthin oil also promotes better feed uptake, accelerating shrimp growth. The growing adoption of astaxanthin in the aquaculture sector to improve seafood quality supports this segment’s dominance in the market. Leading players are also launching new products with health benefits for animal feed. For instance, AstaReal introduced Novasta in July 2022, an astaxanthin-based ingredient for animal feed, expanding health-focused applications in animal nutrition.

The nutraceuticals segment is anticipated to experience the fastest CAGR during the forecast period, driven by increasing demand for natural astaxanthin in health supplements due to its superior antioxidant properties compared to other supplements. The rising need for nutritional products, alongside aging populations, nutrient deficiencies, and lifestyle-related health concerns, is boosting demand in this sector. Astaxanthin’s antioxidant benefits are linked to support against conditions like liver and oral cancers, cardiovascular diseases, and obesity. Thus, the growing prevalence of chronic and infectious diseases is expected to provide substantial growth opportunities for the nutraceuticals market.

Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Astaxanthin Market - Recent Industry Developments and Growth Strategies till 2030

The global astaxanthin market was valued at USD 2.34 billion in 2023, with a projected compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is driven by rising demand across multiple sectors, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. Astaxanthin is particularly valued in aquaculture as a feed ingredient for prawns, salmon, trout, and ornamental fish to enhance their coloration, which increases their commercial appeal. Besides improving pigmentation, astaxanthin also contributes to enhanced stress tolerance, improved performance, immune support, reproductive health, increased survival rates, and disease resistance in aquatic animals. To meet this demand, major market players are focusing on product innovation and forming partnerships, especially in the aquaculture sector.

Organizations promoting awareness about astaxanthin’s applications further support market growth. The Natural Algae Astaxanthin Association (NAXA), for example, plays a significant role in advocating for natural astaxanthin, promoting its benefits across various industries, supporting research, and certifying products with the NAXA Verification Seal.

Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market

To expand market reach, companies are leveraging strategies such as product launches and collaborations with leading firms in key industries. For example, in May 2022, Algalif partnered with Divi’s Nutraceuticals to launch AstaBeads, a high-concentration astaxanthin beadlet targeting sports nutrition and healthy aging applications. This collaboration is poised to boost market penetration of natural astaxanthin products. Furthermore, The Lubrizol Corporation introduced ASTAGILE microcapsules in October 2020 to promote cognitive health and agility for both young and elderly consumers.

In May 2022, Algalif and Divi’s Nutraceuticals collaborated on producing high-concentration natural astaxanthin beadlets. Based in Iceland, Algalif uses a renewable-energy-powered process to produce high-quality astaxanthin oleoresin from microalgae. Divi’s Nutraceuticals then applies its expertise in fat-soluble ingredients to transform this oleoresin into AstaBead beadlets, which contain a concentrated 5% astaxanthin. This partnership emphasizes both sustainability and premium product quality, showcasing a commitment to environmental stewardship and product excellence.

Application Segmentation Insights:

In 2023, the aquaculture and animal feed sector held the largest market share at 46.39%, primarily due to astaxanthin’s extensive use as a feed additive to enhance reddish pigmentation in species like salmon, trout, and shrimp, which is a key consumer preference. Astaxanthin oil also promotes better feed uptake, accelerating shrimp growth. The growing adoption of astaxanthin in the aquaculture sector to improve seafood quality supports this segment’s dominance in the market. Leading players are also launching new products with health benefits for animal feed. For instance, AstaReal introduced Novasta in July 2022, an astaxanthin-based ingredient for animal feed, expanding health-focused applications in animal nutrition.

The nutraceuticals segment is anticipated to experience the fastest CAGR during the forecast period, driven by increasing demand for natural astaxanthin in health supplements due to its superior antioxidant properties compared to other supplements. The rising need for nutritional products, alongside aging populations, nutrient deficiencies, and lifestyle-related health concerns, is boosting demand in this sector. Astaxanthin’s antioxidant benefits are linked to support against conditions like liver and oral cancers, cardiovascular diseases, and obesity. Thus, the growing prevalence of chronic and infectious diseases is expected to provide substantial growth opportunities for the nutraceuticals market.

Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.

[shubhampawrainfinium]

Smart Solutions for Fish Farming: The Rise of Precision Aquaculture

The global precision aquaculture market is on the rise, driven by technological advancements and increasing demand for sustainable seafood. According to the report, the market is projected to grow at a compound annual growth rate (CAGR) of nearly 14% during the forecast period from 2022 to 2028. The market was valued at over USD 550 million in 2022 and is expected to reach approximately USD 1,200 million by 2028.

What is Precision Aquaculture?

Precision aquaculture refers to the application of advanced technologies and data-driven approaches in fish farming to optimize production, enhance sustainability, and improve fish health and welfare. This innovative approach leverages tools such as sensors, drones, data analytics, and artificial intelligence to monitor aquatic environments, assess fish behavior, and manage feeding strategies.

Get Sample pages of Report: https://www.infiniumglobalresearch.com/reports/sample-request/28198

Market Dynamics and Growth Drivers

Several factors contribute to the growth of the precision aquaculture market:

Increasing Seafood Demand: With a growing global population and rising health consciousness, there is an increasing demand for seafood as a source of protein. Precision aquaculture helps meet this demand sustainably by improving yield and reducing waste.

Technological Advancements: The integration of Internet of Things (IoT) devices, sensors, and automation in aquaculture practices enhances monitoring capabilities and data collection. These technologies enable farmers to make informed decisions regarding feeding, water quality, and fish health, leading to improved operational efficiency.

Sustainability and Environmental Concerns: Precision aquaculture promotes sustainable practices by minimizing resource use and reducing environmental impact. By optimizing feeding and monitoring fish behavior, this approach can lower the risk of overfeeding and pollution, aligning with global efforts to promote responsible aquaculture.

Government Initiatives and Regulations: Many governments are implementing policies and regulations that encourage the adoption of sustainable aquaculture practices. This support enhances investment in precision aquaculture technologies, driving market growth.

Regional Analysis

North America: The North American precision aquaculture market is experiencing significant growth, driven by advanced technology adoption and a strong focus on sustainability. The U.S. is a key player, with numerous companies investing in precision aquaculture solutions.

Europe: Europe is also a prominent market, characterized by stringent environmental regulations and a strong emphasis on sustainable fish farming practices. Countries like Norway, Spain, and France are leading the way in precision aquaculture innovation.

Asia-Pacific: The Asia-Pacific region is witnessing rapid growth in precision aquaculture due to the increasing demand for seafood and the rising aquaculture industry. Countries like China, India, and Vietnam are investing heavily in technology to enhance fish farming practices.

Latin America and Middle East & Africa: These regions are gradually adopting precision aquaculture technologies, supported by growing awareness of sustainable practices and increasing investments in the aquaculture sector.

Competitive Landscape

The precision aquaculture market is competitive, with several key players offering innovative solutions. Leading companies in this sector include:

Aquabyte: Specializes in using computer vision and machine learning to monitor fish health and optimize feeding practices in fish farms.

XpertSea: Provides data-driven solutions for shrimp farming, helping farmers monitor and optimize growth conditions.

Smart Fish Farm: Focuses on IoT-based solutions for aquaculture, enabling real-time monitoring of water quality and fish behavior.

eFishery: Offers automated feeding systems that use data analytics to optimize feeding strategies and improve fish growth.

Hidramar: Known for its precision aquaculture solutions that leverage technology for effective farm management.

Report Overview : https://www.infiniumglobalresearch.com/reports/global-precision-aquaculture-market

Challenges and Opportunities

While the precision aquaculture market shows promising growth, it also faces challenges such as high initial investment costs and the need for specialized skills to operate advanced technologies. Additionally, the variability in water quality and environmental conditions can impact the effectiveness of precision aquaculture systems.

However, there are significant opportunities for growth. The increasing focus on sustainable food production, advancements in data analytics and machine learning, and the potential for collaboration between technology providers and fish farmers create avenues for market expansion. Companies that invest in research and development to create innovative precision aquaculture solutions will likely capture a larger market share.

Conclusion

The global precision aquaculture market is poised for substantial growth, driven by technological innovations and the increasing demand for sustainable seafood. With revenue projected to reach approximately USD 1,200 million by 2028, the market presents significant opportunities for investment and development. As the aquaculture industry continues to evolve and embrace precision farming techniques, the future of sustainable fish farming looks promising.

[industrynewsupdates]

Astaxanthin Market Segmentation and Competitive Analysis Report 2024 - 2030

The global astaxanthin market size was valued at USD 2.34 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. 

Growing demand for astaxanthin is being fueled by its increasing use in various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages, among others. It is widely used as a food ingredient for prawns and fishes such as salmon, trout, & ornamental fishes to enhance their coloration and increase commercial value. Other benefits for aquatic animals include growth in stress tolerance, performance, immune-related gene expressions, reproductive capacity, improvement in survival, and disease resistance. Major players are focusing on new product developments and collaborative agreements to meet the increasing demand for astaxanthin in aquaculture.

Additionally, presence of organizations that actively promote awareness regarding diverse applications of these products is expected to further drive market growth. For instance, the Natural Algae Astaxanthin Association (NAXA) plays a key role in promoting, protecting, and educating about the benefits of natural astaxanthin in various end-use applications.The association supports research related to natural astaxanthin and certifies products with NAXA Verification Seal.

Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market

Astaxanthin Market Report Highlights

• Based on product, the dried algae meal or biomass segment accounted for the largest share in 2023 due to the high usage as animal feed and lower cost of production

• The aquaculture & animal feed segment was the highest revenue contributor in 2023. Whereas, the nutraceuticals segment is expected to exhibit the fastest CAGR during the projected period

• The Asia Pacific region is expected to grow at the fastest rate over the forecast period due to the rising investments by market players and increasing research activities in the region

Browse through Grand View Research's Pharmaceuticals Industry Research Reports.

• The global antiarrhythmic drugs market size was valued at USD 1.05 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030. 

• The global amyloidosis treatment market size was valued at USD 5.39 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.

Astaxanthin Market Segmentation

Grand View Research has segmented the global astaxanthin market on the basis of source, product, application, and region

Astaxanthin Source Outlook (Revenue, USD Million, 2018 - 2030) (Volumein Metric Tonnes)

• Natural

o Yeast

o Krill/Shrimp

o Microalgae

o Others

• Synthetic

Astaxanthin Product Outlook (Revenue, USD Million, 2018 - 2030)

• Dried Algae Meal or Biomass

• Oil

• Softgel

• Liquid

• Others

Astaxanthin Application Outlook (Revenue, USD Million, 2018 - 2030)

• Nutraceuticals

• Cosmetics

• Aquaculture And Animal Feed

• Food

o Functional Foods And Beverages

o Other Traditional Food Manufacturing Applications

• Others

Astaxanthin Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

o Russia

o Denmark

o Norway

o Sweden

• Asia Pacific

o Japan

o China

o India

o South Korea

o Australia

o Singapore

o Thailand

• Latin America

o Brazil

o Mexico

o Argentina

o Ecuador

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE

o Israel

o Kuwait

Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.

[blueweave8]

United States Shrimp Market Scope, Share, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated��United States Shrimp Market size by value at 8.63 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Shrimp Market size to expand at a CAGR of 1.65% reaching a value of USD 9.8 billion by 2030. The Shrimp Market in United States is propelled by the rising consumer demand for shrimp as a versatile and nutritious seafood option across diverse cuisines. The growing health consciousness among consumers, coupled with the recognition of shrimp's lean protein profile, is significantly boosting its consumption. Increasing disposable incomes are enabling more consumers to indulge in this delicacy, while the availability of convenient, ready-to-cook or pre-packaged shrimp products further fuels demand. The expanding reach of shrimp in restaurant menus and the overall growing popularity of seafood are creating new avenues for market growth. Technological advancements in aquaculture have enhanced farming practices, ensuring a steady and high-quality supply of shrimp. Moreover, the rapid growth of online retail channels and e-commerce platforms has simplified access to shrimp products, contributing to the market's sustained expansion.

Sample Request @ https://www.blueweaveconsulting.com/report/united-states-shrimp-market/report-sample

Opportunity - Innovations in Shrimp Products

Rapid innovations and diversification in shrimp products are significantly enhancing market growth. Seafood companies are consistently introducing novel and creative shrimp-based items to meet evolving consumer demands and broaden their market presence. Popular new offerings include pre-seasoned and ready-to-eat shrimp meals, which cater to busy individuals looking for convenient and flavorful dining options. Additionally, the rise of shrimp-based snacks, such as crackers, chips, and dips, is expanding shrimp’s appeal beyond traditional meals. The food service industry is also embracing this trend, with restaurants and catering services incorporating shrimp into a variety of dishes, from classic shrimp scampi to diverse international cuisines. This ongoing innovation and product diversification help attract a wider audience and drive the shrimp market in United States.

Farmed Segment Holds Larger Market Share

United States Shrimp Market, on the basis of environment, is bifurcated into Farmed and Wild segment. Farmed Shrimp/Aquaculture shrimp segment has emerged as the dominant force in United States Shrimp Market by type, due to its reliable supply, consistent quality, and sustainability advantages. By cultivating shrimp in controlled environments, farmers can ensure a year-round availability unaffected by external factors while also maintaining precise control over size and quality. As concerns about overfishing and habitat destruction intensify, aquaculture shrimp's environmentally responsible nature has significantly contributed to its market dominance and will likely drive continued growth in United States Shrimp Market.

Impact of Escalating Geopolitical Tensions on United States Shrimp Market

United States Shrimp Market may face significant challenges from intensifying geopolitical tensions across the world. Disrupted supply chains, resulting from these barriers, lead to higher costs for both consumers and businesses. Moreover, strained international relations hinder United States shrimp producers' access to vital markets and resources, further exacerbating market instability. These factors collectively threaten the market growth and its resilience.

Competitive Landscape

United States Shrimp Market is fragmented, with numerous players serving the market. The key players dominating United States Shrimp Market include Admiralty Island Fisheries Inc, Beaver Street Fisheries, Dulcich Inc, Gulf Shrimp Co LLC, Millennium Ocean Star Corporation, NaturalShrimp Inc, Pacific American Fish Company Inc, Paul Piazza & Son Inc, Sysco Corporation, and The American Shrimp Company. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

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United States Shrimp Market

[industryinsightsandanalysis]

Chitosan Market Size, Share, Trends & Forecast

According to a new report by Univdatos Market Insights, Chitosan Market is expected to reach USD 34.5 Billion in 2032 by growing at a CAGR of 13.2%.  One of the primary drivers is the developing name for sustainable and biodegradable substances sooner or later of numerous industries, which incorporates prescribed drugs, cosmetics, and agriculture, as agencies and clients alike are attempting to find green alternatives for synthetic compounds.

The future of the chitosan marketplace appears promising with developing programs in rising fields at the side of bioplastics and nutraceuticals. For instance, the improvement of chitosan-based biodegradable plastics is turning into a huge fashion, reflecting the market’s version of the global call for sustainable packaging answers. Furthermore, contemporary day government guidelines are also fostering market increase. Various governments, especially in Europe and Asia, have completed policies supporting using biodegradable substances in industries. These tasks are not first-class to promote environmental sustainability but additionally open up new avenues for chitosan programs. As those developments keep conforming, the chitosan marketplace is prepared to extend its footprint globally, driven using a manner of innovation and supported through the use of beneficial regulatory frameworks.

Increasing Demand for Sustainable Materials

Increasing environmental cognizance and a global push for sustainability are essential drivers of the chitosan marketplace. As organizations and clients grow to be extra aware of their environmental impact, biodegradable and environmentally pleasant merchandise have become increasingly more vital. Chitosan derived from natural sources such as shrimp and crab shells match this requirement well. Its biodegradable and non-poisonous residences make it an appealing opportunity for artificial polymers and chemicals utilized in various industries. For example: One of the maximum wonderful biomaterials startups to emerge in current years is Shellworks. Founded in 2019 and primarily based in London, this progressive employer specializes in chitosan-based packaging that can be constituted of seafood waste. Shellworks' products exemplify the capacity of chitosan as an important decarbonization generation: it turns substances that might in any other case be thrown away into valuable meals, and the cease product is compostable from inside the nature of. Shellworks is poised to be one of the first organizations to industrially produce chitosan mainly for packaging.

Water Treatment Applications

The precise ability of chitosan to bind and do away with contaminants consisting of heavy metals, oil, and different pollutants makes it rather effective in water treatment and wastewater remedies. This is particularly critical in areas wherein extreme water pollutants and water shortage problems are encountered. As regulatory standards for water turn out to be extra stringent, there's a growing call for powerful and environmentally pleasant water remedy merchandise inclusive of chitosan. For instance: Qingdao Yunzhou Biochemistry Co... China offers chitosan-based liquid remedy. Their merchandise is utilized in municipal and commercial wastewater treatment vegetation to remove heavy metals and different pollution, making sure compliance with stringent environmental guidelines and supplying water is powerful.

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Pharmaceutical and Biomedical Advances

Chitosan is increasingly being followed with the aid of pharmaceutical and pharmaceutical companies because of its biocompatibility, non-toxicity, and practical properties. Chitosan is utilized in lots of packages, which include drug delivery, wound recovery, and tissue engineering. Its potential to form gels and movies, as well as its antimicrobial houses, makes it an extensively used cloth in scientific applications. Real-Life Example: Heppe Medical Chitosan GmbH, a German agency, produces excessive-purity chitosan for pharmaceutical use. Their chitosan substances are utilized in superior drug transport structures to manipulate drug launch, improving efficiency and lowering aspect consequences. Additionally, the chitosan-based total wound dressing evolved via the company hastens recovery and reduces the danger of contamination.

Conclusion

The chitosan market is driven by the developing demand for sustainable substances, which might be utilized in numerous industries including packaging, water remedy, and biopharmaceuticals. Corporations such as Shellworks, Qingdao Yunzhou Biochemistry Co., and Heppe Medical Chitosan GmbH are pioneering opportunities to make use of chitosan, constructing on its ability as a versatile and environmentally pleasant biopolymer the emphasis of the. As environmental recognition increases and regulatory requirements come to be greater stringent, the adoption of chitosan-based totally answers is ready to boom. This trend highlights the significance of chitosan in sustainable development and improving industrial methods internationally.

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Aquafeed Market Worth $102.3 Billion By 2030 | CAGR: 4.4%

September 2024 | Report Format: Electronic (PDF) Aquafeed Market Growth & Trends The global aquafeed market size is expected to reach USD 102.3 billion by 2030, registering a CAGR of 4.4% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the rising consumption of aquafeed by species like carp, catfish, salmon, and shrimps, among others…