The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Prawn refers to the crustaceans that are found in natural calm waters. It is considered one of the popular seafood products associated with numerous health benefits. Some widely consumed prawn varieties include cocktail, langoustine, brown, jumbo tiger, wild carabineros, Gambero Rosso, etc. Prawns are a rich source of selenium, antioxidants, several vitamins such as A, D, and E, vitamins B1 and B2, etc. It helps in enhancing skin texture, regulating active white blood cells and increasing muscle metabolism. In addition, they also assist in preventing cancer, sustaining heart health, fighting Alzheimer’s disease, strengthening bones and muscles, etc.
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Note: The study incorporates COVID-19's direct market impact as well as the indirect effects of related industries on the GCC prawn market. These insights are regularly updated by the subject matter experts at Syndicated Analytics.
GCC Prawn Market Industry Trends and Drivers:
The rising health consciousness among individuals, along with the escalating demand for a protein-rich diet, is primarily driving the GCC prawn market. Moreover, the impelling number of non-vegetarians in the region is further catalyzing the market growth. Besides this, the elevating focus of government bodies towards sustainable development, supporting the production of organic prawns, is also bolstering the regional market.
Furthermore, numerous key players are offering frozen, ready-to-eat (RTE), and value-added product variants that provide longer shelf life and convenience of preparation to consumers, which is acting as another significant growth-inducing factor. Apart from this, the expanding e-commerce sector and the escalating sales of prawns via online distribution channels are positively impacting the market growth. Additionally, several other factors, such as willingness among individuals to try international cuisines, the vast presence of varied and abundant marine and inland resources, and improving cold storage facilities, are expected to fuel the GCC prawn market in the coming years.
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GCC Prawn Market Segmentation:
The market is segmented in on the basis of species, prawn size, and region.
Segmentation by Species:
- Litopenaeus Vannamei
- Penaeus Monodon
- Others
Segmentation by Prawn Size:
- <21
- 21-25
- 26-30
- 31-40
- 41-50
- 51-60
- 61-70
- >70
Segmentation by Country:
- Saudi Arabia
- United Arab Emirates
- Qatar
- Kuwait
- Oman
- Bahrain
The key regions covered in the market report are Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain. Moreover, the report also focuses on factors that strengthen revenue potential, demand, and consumption patterns in the market.
Competitive Landscape:
The report also provides insights on the competitive landscape of the GCC prawn industry with the leading players profiled in the report.
Read Also: GCC Electric Motor Market
Discover how this report can help boost your revenues:
- Examine the current trends in the GCC prawn market to evaluate industry prospects
- Analyze the present and future performance in established and emerging markets
- Evaluate market dynamics and expansion opportunities
- Investigate the economic and non-economic factors influencing market segments
- Employ qualitative and quantitative market analysis to enhance data-driven decisions
- Analyze how demand and supply factors influence industry growth at the regional and country level
- Study the market competition as per Porter’s five forces model
- Gain insights to new product launches and growth strategies employed by market players
- Capitalize on comprehensive profiles of major companies operating in the industry
About us: Syndicated Analytics is a market research firm that offers consulting services and provides comprehensive market intelligence in the form of research reports. Our team, consisting of experienced researchers and analysts from diverse industries, is deeply committed to the quality of the information and insights delivered to the clients which range from small and medium enterprises to Fortune 1000 companies. They are able to achieve this by studying the qualitative and quantitative aspects of the market as well as staying up to date with the current and evolving trends of the industry. Our set of syndicated as well as customized market reports thus help the clients to gain a better view of their competitive landscape, overcome various industry-related challenges and formulate revenue-generating business strategies.
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