Shrimp Market Updates by 2031
Shrimps are decapoda crustaceans with elongated bodies, and for the movement or locomotion, they swim in the water. The most commonly found species are Caridea and Dendrobranchiata. There are thousands of species of shrimp adapted to a wide range of habitats. Most of the shrimps play an important role in the food chain, and many shrimp are widely caught and farmed for human consumption. Some of the edible species of shrimp are gulf shrimp, farmed whiteleg shrimp, banded coral shrimp, royal red shrimp, giant tiger shrimp, blue shrimp, and ocean shrimp. Commercially farmed shrimp species support an industry worth 50 billion dollars per year. Different types of shrimp have wide application in food, pharmaceutical, cosmetics, industrial and biotechnology, which is influencing this market growth.
MARKET DYNAMICS
The shrimp market has witnessed a significant growth owing to factors such as escalating demand among consumers due to the health benefits associated with shrimp, contract farming & government policies, and rising adoption of environmental-friendly production techniques. Furthermore, shrimp are used in various cuisines like Asian, American, Belgian, and other cuisines. Shrimp are also used in pharmaceutical and cosmetic industries. Due to these factors, it is expected to have a positive impact on the market growth for shrimp in the upcoming years. Most of the market players are offering shrimp for consumers with different forms, including canned, frozen, peeled, cooked, shell-on, and others. And these products are easily available in supermarkets/hypermarkets, convenience stores, hotels & restaurants, and even in online retailers. These factors further boosting the growth of the shrimp market. However, the high cost of processing and stringent government rules regarding farming, import & export of shrimp may impact the growth of the shrimp market. Nevertheless, with the robust growth in the food processing and agriculture industry, market players in shrimp market have the opportunity to grow further.
MARKET SCOPE
The "Global Shrimp Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the shrimp market with detailed market segmentation by source, species, application, form, distribution channel, and geography. The global shrimp market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading shrimp market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global shrimp market is segmented on the basis of source, species, application, form, and distribution channel. On the basis of source, the shrimp market is segmented into cold water shrimp and hot water shrimp. Based on species, shrimp market is segmented into gulf shrimp, farmed whiteleg shrimp, banded coral shrimp, royal red shrimp, giant tiger shrimp, blue shrimp, and ocean shrimp. On the basis of application, the shrimp market is bifurcated into food, pharmaceutical, cosmetics, industrial and biotechnology, and others. Based on form, the shrimp market is segmented into canned, frozen, peeled, cooked, shell-on, and others. The shrimp market on the basis of the distribution channel is classified into supermarkets/hypermarkets, convenience stores, hotels & restaurants, online sales, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global shrimp market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The shrimp market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the shrimp market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the shrimp market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global shrimp market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The shrimp market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the shrimp market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the shrimp market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global shrimp market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from shrimp market are anticipated to lucrative growth opportunities in the future with the rising demand for shrimp in the global market. Below mentioned is the list of few companies engaged in the shrimp market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the shrimp market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Blue Star Seafood Co. Ltd.
- Charoen Pokphand Foods PCL.
- DNI Group LLC
- High Liner Foods.
- Nippon Suisan Kaisha, Ltd.
- Ocean America Food SA
- Rich Products Corporation
- Royal Greenland A/S
- Siam Canadian Group Limited
- The Clover Leaf Seafoods Family
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Shrimp Market - By Source
1.3.2 Shrimp Market - By Species
1.3.3 Shrimp Market - By Application
1.3.4 Shrimp Market - By Form
1.3.5 Shrimp Market - By Distribution Channel
1.3.6 Shrimp Market - By Region
1.3.6.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SHRIMP MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SHRIMP MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SHRIMP MARKET - GLOBAL MARKET ANALYSIS
6.1. SHRIMP - GLOBAL MARKET OVERVIEW
6.2. SHRIMP - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SHRIMP MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. COLD WATER SHRIMPS
7.3.1. Overview
7.3.2. Cold Water Shrimps Market Forecast and Analysis
7.4. HOT WATER SHRIMPS
7.4.1. Overview
7.4.2. Hot Water Shrimps Market Forecast and Analysis
8. SHRIMP MARKET - REVENUE AND FORECASTS TO 2028 - SPECIES
8.1. OVERVIEW
8.2. SPECIES MARKET FORECASTS AND ANALYSIS
8.3. GULF SHRIMPS
8.3.1. Overview
8.3.2. Gulf Shrimps Market Forecast and Analysis
8.4. FARMED WHITELEG SHRIMPS
8.4.1. Overview
8.4.2. Farmed Whiteleg Shrimps Market Forecast and Analysis
8.5. BANDED CORAL SHRIMPS
8.5.1. Overview
8.5.2. Banded Coral Shrimps Market Forecast and Analysis
8.6. ROYAL RED SHRIMPS
8.6.1. Overview
8.6.2. Royal Red Shrimps Market Forecast and Analysis
8.7. GIANT TIGER SHRIMPS
8.7.1. Overview
8.7.2. Giant Tiger Shrimps Market Forecast and Analysis
8.8. BLUE SHRIMPS
8.8.1. Overview
8.8.2. Blue Shrimps Market Forecast and Analysis
8.9. OCEAN SHRIMPS
8.9.1. Overview
8.9.2. Ocean Shrimps Market Forecast and Analysis
9. SHRIMP MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. FOOD
9.3.1. Overview
9.3.2. Food Market Forecast and Analysis
9.4. PHARMACEUTICAL
9.4.1. Overview
9.4.2. Pharmaceutical Market Forecast and Analysis
9.5. COSMETICS
9.5.1. Overview
9.5.2. Cosmetics Market Forecast and Analysis
9.6. INDUSTRIAL AND BIOTECHNOLOGY
9.6.1. Overview
9.6.2. Industrial and Biotechnology Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. SHRIMP MARKET - REVENUE AND FORECASTS TO 2028 - FORM
10.1. OVERVIEW
10.2. FORM MARKET FORECASTS AND ANALYSIS
10.3. CANNED
10.3.1. Overview
10.3.2. Canned Market Forecast and Analysis
10.4. FROZEN
10.4.1. Overview
10.4.2. Frozen Market Forecast and Analysis
10.5. PEELED
10.5.1. Overview
10.5.2. Peeled Market Forecast and Analysis
10.6. COOKED
10.6.1. Overview
10.6.2. Cooked Market Forecast and Analysis
10.7. SHELL-ON
10.7.1. Overview
10.7.2. Shell-on Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. SHRIMP MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
11.1. OVERVIEW
11.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
11.3. HYPERMARKETS AND SUPERMARKETS
11.3.1. Overview
11.3.2. Hypermarkets and Supermarkets Market Forecast and Analysis
11.4. CONVENIENCE STORES
11.4.1. Overview
11.4.2. Convenience Stores Market Forecast and Analysis
11.5. HOTELS AND RESTAURANTS
11.5.1. Overview
11.5.2. Hotels and Restaurants Market Forecast and Analysis
11.6. ONLINE SALES
11.6.1. Overview
11.6.2. Online Sales Market Forecast and Analysis
11.7. OTHERS
11.7.1. Overview
11.7.2. Others Market Forecast and Analysis
12. SHRIMP MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Shrimp Market Overview
12.1.2 North America Shrimp Market Forecasts and Analysis
12.1.3 North America Shrimp Market Forecasts and Analysis - By Source
12.1.4 North America Shrimp Market Forecasts and Analysis - By Species
12.1.5 North America Shrimp Market Forecasts and Analysis - By Application
12.1.6 North America Shrimp Market Forecasts and Analysis - By Form
12.1.7 North America Shrimp Market Forecasts and Analysis - By Distribution Channel
12.1.8 North America Shrimp Market Forecasts and Analysis - By Countries
12.1.8.1 Canada Shrimp Market
12.1.8.1.1 Canada Shrimp Market by Source
12.1.8.1.2 Canada Shrimp Market by Species
12.1.8.1.3 Canada Shrimp Market by Application
12.1.8.1.4 Canada Shrimp Market by Form
12.1.8.1.5 Canada Shrimp Market by Distribution Channel
12.1.8.2 Mexico Shrimp Market
12.1.8.2.1 Mexico Shrimp Market by Source
12.1.8.2.2 Mexico Shrimp Market by Species
12.1.8.2.3 Mexico Shrimp Market by Application
12.1.8.2.4 Mexico Shrimp Market by Form
12.1.8.2.5 Mexico Shrimp Market by Distribution Channel
12.1.8.3 US Shrimp Market
12.1.8.3.1 US Shrimp Market by Source
12.1.8.3.2 US Shrimp Market by Species
12.1.8.3.3 US Shrimp Market by Application
12.1.8.3.4 US Shrimp Market by Form
12.1.8.3.5 US Shrimp Market by Distribution Channel
12.2. EUROPE
12.2.1 Europe Shrimp Market Overview
12.2.2 Europe Shrimp Market Forecasts and Analysis
12.2.3 Europe Shrimp Market Forecasts and Analysis - By Source
12.2.4 Europe Shrimp Market Forecasts and Analysis - By Species
12.2.5 Europe Shrimp Market Forecasts and Analysis - By Application
12.2.6 Europe Shrimp Market Forecasts and Analysis - By Form
12.2.7 Europe Shrimp Market Forecasts and Analysis - By Distribution Channel
12.2.8 Europe Shrimp Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Shrimp Market
12.2.8.1.1 Germany Shrimp Market by Source
12.2.8.1.2 Germany Shrimp Market by Species
12.2.8.1.3 Germany Shrimp Market by Application
12.2.8.1.4 Germany Shrimp Market by Form
12.2.8.1.5 Germany Shrimp Market by Distribution Channel
12.2.8.2 France Shrimp Market
12.2.8.2.1 France Shrimp Market by Source
12.2.8.2.2 France Shrimp Market by Species
12.2.8.2.3 France Shrimp Market by Application
12.2.8.2.4 France Shrimp Market by Form
12.2.8.2.5 France Shrimp Market by Distribution Channel
12.2.8.3 Italy Shrimp Market
12.2.8.3.1 Italy Shrimp Market by Source
12.2.8.3.2 Italy Shrimp Market by Species
12.2.8.3.3 Italy Shrimp Market by Application
12.2.8.3.4 Italy Shrimp Market by Form
12.2.8.3.5 Italy Shrimp Market by Distribution Channel
12.2.8.4 United Kingdom Shrimp Market
12.2.8.4.1 United Kingdom Shrimp Market by Source
12.2.8.4.2 United Kingdom Shrimp Market by Species
12.2.8.4.3 United Kingdom Shrimp Market by Application
12.2.8.4.4 United Kingdom Shrimp Market by Form
12.2.8.4.5 United Kingdom Shrimp Market by Distribution Channel
12.2.8.5 Russia Shrimp Market
12.2.8.5.1 Russia Shrimp Market by Source
12.2.8.5.2 Russia Shrimp Market by Species
12.2.8.5.3 Russia Shrimp Market by Application
12.2.8.5.4 Russia Shrimp Market by Form
12.2.8.5.5 Russia Shrimp Market by Distribution Channel
12.2.8.6 Rest of Europe Shrimp Market
12.2.8.6.1 Rest of Europe Shrimp Market by Source
12.2.8.6.2 Rest of Europe Shrimp Market by Species
12.2.8.6.3 Rest of Europe Shrimp Market by Application
12.2.8.6.4 Rest of Europe Shrimp Market by Form
12.2.8.6.5 Rest of Europe Shrimp Market by Distribution Channel
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Shrimp Market Overview
12.3.2 Asia-Pacific Shrimp Market Forecasts and Analysis
12.3.3 Asia-Pacific Shrimp Market Forecasts and Analysis - By Source
12.3.4 Asia-Pacific Shrimp Market Forecasts and Analysis - By Species
12.3.5 Asia-Pacific Shrimp Market Forecasts and Analysis - By Application
12.3.6 Asia-Pacific Shrimp Market Forecasts and Analysis - By Form
12.3.7 Asia-Pacific Shrimp Market Forecasts and Analysis - By Distribution Channel
12.3.8 Asia-Pacific Shrimp Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Shrimp Market
12.3.8.1.1 Australia Shrimp Market by Source
12.3.8.1.2 Australia Shrimp Market by Species
12.3.8.1.3 Australia Shrimp Market by Application
12.3.8.1.4 Australia Shrimp Market by Form
12.3.8.1.5 Australia Shrimp Market by Distribution Channel
12.3.8.2 China Shrimp Market
12.3.8.2.1 China Shrimp Market by Source
12.3.8.2.2 China Shrimp Market by Species
12.3.8.2.3 China Shrimp Market by Application
12.3.8.2.4 China Shrimp Market by Form
12.3.8.2.5 China Shrimp Market by Distribution Channel
12.3.8.3 India Shrimp Market
12.3.8.3.1 India Shrimp Market by Source
12.3.8.3.2 India Shrimp Market by Species
12.3.8.3.3 India Shrimp Market by Application
12.3.8.3.4 India Shrimp Market by Form
12.3.8.3.5 India Shrimp Market by Distribution Channel
12.3.8.4 Japan Shrimp Market
12.3.8.4.1 Japan Shrimp Market by Source
12.3.8.4.2 Japan Shrimp Market by Species
12.3.8.4.3 Japan Shrimp Market by Application
12.3.8.4.4 Japan Shrimp Market by Form
12.3.8.4.5 Japan Shrimp Market by Distribution Channel
12.3.8.5 South Korea Shrimp Market
12.3.8.5.1 South Korea Shrimp Market by Source
12.3.8.5.2 South Korea Shrimp Market by Species
12.3.8.5.3 South Korea Shrimp Market by Application
12.3.8.5.4 South Korea Shrimp Market by Form
12.3.8.5.5 South Korea Shrimp Market by Distribution Channel
12.3.8.6 Rest of Asia-Pacific Shrimp Market
12.3.8.6.1 Rest of Asia-Pacific Shrimp Market by Source
12.3.8.6.2 Rest of Asia-Pacific Shrimp Market by Species
12.3.8.6.3 Rest of Asia-Pacific Shrimp Market by Application
12.3.8.6.4 Rest of Asia-Pacific Shrimp Market by Form
12.3.8.6.5 Rest of Asia-Pacific Shrimp Market by Distribution Channel
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Shrimp Market Overview
12.4.2 Middle East and Africa Shrimp Market Forecasts and Analysis
12.4.3 Middle East and Africa Shrimp Market Forecasts and Analysis - By Source
12.4.4 Middle East and Africa Shrimp Market Forecasts and Analysis - By Species
12.4.5 Middle East and Africa Shrimp Market Forecasts and Analysis - By Application
12.4.6 Middle East and Africa Shrimp Market Forecasts and Analysis - By Form
12.4.7 Middle East and Africa Shrimp Market Forecasts and Analysis - By Distribution Channel
12.4.8 Middle East and Africa Shrimp Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Shrimp Market
12.4.8.1.1 South Africa Shrimp Market by Source
12.4.8.1.2 South Africa Shrimp Market by Species
12.4.8.1.3 South Africa Shrimp Market by Application
12.4.8.1.4 South Africa Shrimp Market by Form
12.4.8.1.5 South Africa Shrimp Market by Distribution Channel
12.4.8.2 Saudi Arabia Shrimp Market
12.4.8.2.1 Saudi Arabia Shrimp Market by Source
12.4.8.2.2 Saudi Arabia Shrimp Market by Species
12.4.8.2.3 Saudi Arabia Shrimp Market by Application
12.4.8.2.4 Saudi Arabia Shrimp Market by Form
12.4.8.2.5 Saudi Arabia Shrimp Market by Distribution Channel
12.4.8.3 U.A.E Shrimp Market
12.4.8.3.1 U.A.E Shrimp Market by Source
12.4.8.3.2 U.A.E Shrimp Market by Species
12.4.8.3.3 U.A.E Shrimp Market by Application
12.4.8.3.4 U.A.E Shrimp Market by Form
12.4.8.3.5 U.A.E Shrimp Market by Distribution Channel
12.4.8.4 Rest of Middle East and Africa Shrimp Market
12.4.8.4.1 Rest of Middle East and Africa Shrimp Market by Source
12.4.8.4.2 Rest of Middle East and Africa Shrimp Market by Species
12.4.8.4.3 Rest of Middle East and Africa Shrimp Market by Application
12.4.8.4.4 Rest of Middle East and Africa Shrimp Market by Form
12.4.8.4.5 Rest of Middle East and Africa Shrimp Market by Distribution Channel
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Shrimp Market Overview
12.5.2 South and Central America Shrimp Market Forecasts and Analysis
12.5.3 South and Central America Shrimp Market Forecasts and Analysis - By Source
12.5.4 South and Central America Shrimp Market Forecasts and Analysis - By Species
12.5.5 South and Central America Shrimp Market Forecasts and Analysis - By Application
12.5.6 South and Central America Shrimp Market Forecasts and Analysis - By Form
12.5.7 South and Central America Shrimp Market Forecasts and Analysis - By Distribution Channel
12.5.8 South and Central America Shrimp Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Shrimp Market
12.5.8.1.1 Brazil Shrimp Market by Source
12.5.8.1.2 Brazil Shrimp Market by Species
12.5.8.1.3 Brazil Shrimp Market by Application
12.5.8.1.4 Brazil Shrimp Market by Form
12.5.8.1.5 Brazil Shrimp Market by Distribution Channel
12.5.8.2 Argentina Shrimp Market
12.5.8.2.1 Argentina Shrimp Market by Source
12.5.8.2.2 Argentina Shrimp Market by Species
12.5.8.2.3 Argentina Shrimp Market by Application
12.5.8.2.4 Argentina Shrimp Market by Form
12.5.8.2.5 Argentina Shrimp Market by Distribution Channel
12.5.8.3 Rest of South and Central America Shrimp Market
12.5.8.3.1 Rest of South and Central America Shrimp Market by Source
12.5.8.3.2 Rest of South and Central America Shrimp Market by Species
12.5.8.3.3 Rest of South and Central America Shrimp Market by Application
12.5.8.3.4 Rest of South and Central America Shrimp Market by Form
12.5.8.3.5 Rest of South and Central America Shrimp Market by Distribution Channel
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. SHRIMP MARKET, KEY COMPANY PROFILES
14.1. BLUE STAR SEAFOOD CO. LTD.
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. CHAROEN POKPHAND FOODS PCL.
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. DNI GROUP LLC
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. HIGH LINER FOODS.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. NIPPON SUISAN KAISHA, LTD.
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. OCEAN AMERICA FOOD SA
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. RICH PRODUCTS CORPORATION
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. ROYAL GREENLAND A/S
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. SIAM CANADIAN GROUP LIMITED
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. THE CLOVER LEAF SEAFOODS FAMILY
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Blue Star Seafood Co. Ltd.
2. Charoen Pokphand Foods PCL.
3. DNI Group LLC
4. High Liner Foods.
5. Nippon Suisan Kaisha, Ltd.
6. Ocean America Food SA
7. Rich Products Corporation
8. Royal Greenland A/S
9. Siam Canadian Group Limited
10. The Clover Leaf Seafoods Family
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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