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
Shrimp refers to a small-sized marine crustacean belonging to the class Malacostraca. It is generally found in oceans, streams, and freshwater lakes and is one of the most popular varieties of seafood consumed across countries. Shrimp is a rich source of selenium, antioxidants, proteins, vitamin D, omega-3 fatty acids, etc., and has low amounts of saturated fat. It assists in preventing hair loss, improving memory performance, maintaining healthy bones, reducing menstrual cramps, etc. Shrimp also helps minimize blood pressure, manage weight, and enhance heart health. It is widely employed in the food industry to prepare numerous dishes, such as pasta, tacos, noodle soup, mixed seafood dishes, tostadas, 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 shrimp market. These insights are regularly updated by the subject matter experts at Syndicated Analytics
GCC Shrimp Market Industry Trends and Drivers:
The growing preference among consumers for protein-rich diets is primarily driving the GCC shrimp market. Besides this, the inflating utilization of processed and frozen shrimp items, on account of their affordable prices, lower cooking time, easy availability, extended shelf-life, etc., is further propelling the market growth. Moreover, the escalating demand for ready-to-cook and ready-to-eat product variants among working individuals, owing to their hectic work schedules and sedentary lifestyles, is acting as another significant growth-inducing factor.
Apart from this, the introduction of organic shrimp variants that are free from growth hormones and antibiotics is positively influencing the market growth across the GCC region. Furthermore, the launch of numerous favorable initiatives by various government bodies aimed at encouraging shrimp farming practices by offering monetary incentives and subsidies to farmers is anticipated to cater to the growth of the GCC shrimp market over the forecasted period.
Browse complete report with tables of contents and list of figures & tables: https://www.syndicatedanalytics.com/gcc-shrimp-market
GCC Shrimp Market Segmentation:
The market is segmented in on the basis of species, shrimp size, region
Segmentation by Species:
- Penaeus Vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
Segmentation by Shrimp 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 shrimp with the leading players profiled in the report.
Read Also: GCC Wheat Flour Market
Discover how this report can help boost your revenues:
- Examine the current trends in the GCC shrimp 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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