Global Organic Shrimps Market is valued at approximately USD 6.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.7 % over the forecast period 2022-2029. Organic Shrimps refers to organic certified shrimps that are raised without antibiotics, and with limited use of chemicals. Shrimps are considered a great source of variety of essential nutrients including omega-3 fatty acids, selenium, vitamin B12, iron, zinc, and iodine among others. Moreover, regular consumption of shrimp offers various health benefits such as improved bone and brain health, weight management, and a lowered risk of cardiovascular disease among others. Organic shrimps are grown in recirculating farms with the help of large indoor tanks. In the recirculating farms, good water quality and circulation are provided to prevent disease without the use of chemicals or antibiotics. The increasing demand for seafood worldwide and growing preference towards ready-to-go meals are key factors driving the market growth.
The rising consumption of seafood is contributing towards the growth of the Global Organic Shrimps Market. For instance – according to Statista – in 2021, global seafood market was valued at USD 253 billion, and the market is projected to reach USD 336 billion by 2025. Also, growing expansion of direct-to-consumer brands and rising urbanization in developing regions would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Organic Shrimp stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Organic Shrimps Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing demand for organic seafood products and presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising demand for seafood snacks and growing emergence of online food delivery platforms in the region.
Major market players included in this report are:
Dom International Limited
Vinnbio India Pvt. Ltd.
Caribbean Shrimp Company Limited
Recent Developments in the Market:
? In September 2022, USA based Atarraya announced plans to establish the company’s first U.S. sustainable shrimp farming operation in central Indiana. The company would invest USD 4.8 million in total capital investment up through 2026 to open its first U.S. container-based shrimp farming operation.
Global Organic Shrimps Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Food Service Providers
By Distribution Channel
Supermarket & Hypermarkets
Rest of the World