Asia Pacific Shrimp Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 91.65 Billion |
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Market Size (2029) | USD 96.98 Billion |
|
Largest Share by Distribution Channel | On-Trade |
|
|
CAGR (2024 - 2029) | 1.14 % |
|
Largest Share by Country | China |
|
|
Market Concentration | Low |
Major Players |
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|
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia Pacific Shrimp Market Analysis
The Asia-Pacific Shrimp Market size is estimated at 91.65 billion USD in 2024, and is expected to reach 96.98 billion USD by 2029, growing at a CAGR of 1.14% during the forecast period (2024-2029).
91.65 Billion
Market Size in 2024 (USD)
96.98 Billion
Market Size in 2029 (USD)
2.00 %
CAGR (2017-2023)
1.14 %
CAGR (2024-2029)
Largest Segment by Country
61.23 %
value share, China, 2023
China was one of the most significant importers of shrimp in the region, with traders and distributors trying to cater to the increasing demand for fresh and frozen shrimp.
Largest Segment by Form
58.93 %
value share, Frozen, 2023
Frozen shrimp is mainly purchased in bulk by the foodservice industry, with the growth being driven by the rising demand for Argentine red shrimp and Pacific wild shrimp.
Fastest-growing Segment by Country
2.46 %
Projected CAGR, Australia, 2024-2029
Shrimp sales in Australia are driven by the development of processed and innovative value-added shrimp products, which is anticipated to continue in the forecast period as well.
Fastest-growing Segment by Form
1.84 %
Projected CAGR, Processed, 2024-2029
With technological advancements and innovations in the seafood sector, shrimp processing has become more refined, and the shelf life of shrimp products has improved.
Leading Market Player
0.51 %
market share, Apex Frozen Foods Ltd, 2022
The company offers a wide range of shrimp products in the Asia-Pacific region and has developed a vast distribution network allowing them to reach to broader consumer base.
Demand from the foodservice industry and a rise in e-commerce are driving the sales of shrimp
- The on-trade channel dominates the processed shrimp market; by value, it registered a growth of 4.59% through the on-trade channel between 2019 and 2022. The foodservice industry primarily acquires processed shrimp due to its high quality. Shrimps may be infected with diseases that have negative health effects on people. Disease transmission is avoided by processing and packaging with safety precautions. However, prices are extremely dependent on shrimp farmers, as the aquaculture sector in the region has been expanding rapidly. Most farmed animals have a mortality rate of around 1% per month.
- The off-trade channel is the fastest-growing channel in the shrimp market, and it is projected to witness a CAGR of 1.17% during the forecast period. Key players such as Thai Union Group PCL, Wynntech Star Sdn Bhd, Apex Frozen Foods Ltd, and Blue Snow Food Co. Ltd focus on product innovation and expansion through various retail channels such as supermarkets and online stores. The changing food habits and spending patterns and busy lifestyles of the growing working population are increasing the demand for processed shrimp to meet dietary habits.
- E-commerce grew rapidly during the historical period (2017-2022). The pandemic boosted the growth of online sales of shrimp in the region. Increased mobile accessibility and broadband penetration are disrupting the traditional grocery-buying business model. Online channels are enabling consumers to purchase groceries anywhere, at any time. In 2022, the penetration rate of online grocery shopping in China reached 10.28%. Online channels are further anticipated to grow in the country during the forecast period.
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Production and imports in the region are expanding owing to an increase in domestic demand for seafood
- China is the market leader in shrimp production, followed by Indonesia and India. China has one-fifth of the world's population and accounts for one-third of the world's seafood production, including shrimp. China is deemed to be the largest aquaculture shrimp producer globally, with the production of shrimp rising from 1.9 million metric ton to 2 million metric ton over 2020-2022. Consumer demand for shrimp has been strong in the retail and catering trade in the Chinese market, while supply gaps are increasingly met through imports. In 2022, imports increased by 25.8% at 370,123 ton with Ecuadorean shrimp, the top product group, having lion's share (60%), followed by India (12.5%), Vietnam (6%), Canada (3.6%), and Greenland (3%).
- Indonesia is the second largest shrimp consumer in the Asia-Pacific, with sales value registering a CAGR of 1.20% over 2017-2022. The domestic demand for shrimp is relatively lower than other seafood varieties as shrimp is still considered a costly source of protein for most households, owing to which 95% of the production is exported by the country. However, the rising income of the consumers is boosting shrimp consumption, with the on-trade segment dominating the market with a share of 58.61% in 2022.
- Australia is expected to register the fastest growth during the forecast period, with the current sales value expanding by 7.16% over 2019-2022. Due to the higher farming costs of Australian shrimp, they are often more expensive. Nonetheless, aquaculture is expanding domestically and developed with environmental and sanitation restrictions set by government agencies, which may scale further to expand the market for shrimp in the country, which is currently in a nascent state.
Asia-Pacific Shrimp Market Trends
Growing demand for Asian shrimp across the globe will propel the production
- Asia accounts for two-thirds of world shrimp production, which is anticipated to grow at a steady or declining pace. With the rising production costs and diseases, many individual farmers in the region are either exiting or reducing their seeding rates. Indonesia accounted for the major production share in the region, accounting for around 40% of the total regional production in 2022, followed by Japan and India.
- Early in 2022, weather issues, diseases, and increasing feed costs in China and India had a negative impact on the overall growth. Diseases occurring in the region are a combination of consistently occurring issues such as Enterocytozoon hepatopenaeic (EHP) and early mortality syndrome (EMS). These issues lead to a decline in production and an inclination in production costs. To increase shrimp production in India, the Department of Animal Husbandry and Dairying launched a development program for inland fisheries and aquaculture, which helped provide financial aid and quality seeds to increase production quality across the country. The government launched the Pradhan Mantri Matsya Sampada Yojana (PMMSY) for five years, i.e., 2020-2021 to 2024-2025, which aims to enhance shrimp production and achieve an ambitious target of producing 1.4 million metric tons by 2024.
- Shrimp farming in Asian countries grew by 2.68% from 2017 to 2022. Vietnam, one of the major producers, is experiencing flat growth. Vietnam's shrimp production aimed to reach 1 million tons for the first time in 2023. The increase in shrimp production will help Vietnam's shrimp industry maintain its competitiveness with leading exporting countries such as Ecuador, India, Indonesia, Thailand, and China.
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Average regional prices are expected to remain stable, with ups and downs happening in major producer nations
- The shrimp prices in the region grew by 0.96% in 2022 from 2021. Shrimp production in Asia was expected to grow marginally in 2023. The prices are unlikely to recover significantly from their current levels. The combination of a global recession and a glut of shrimp in the market led to a decline in prices in the latter half of 2022, broadly in line with what was expected at the end of the first half. Feed costs are expected to improve somewhat as they reach their peak, but not enough to enable the Asian producers to expand.
- In Vietnam, the prices of white leg shrimps from intensive farms slightly increased by USD 0.08 鈥� 1.6/kg in early May 2022. During the same period in the country, white leg shrimps (100 pcs/kg) were sold at USD 4.10 - 4.19/kg. The price of black tiger shrimp ranged between USD 9.73 鈥� 10.16/kg for 20 pcs/kg, up by USD 0.04/kg from 2021, USD 8.00/kg - 8.45/kg for 30 pcs/kg, up by USD 0.21/kg from 2021, and USD 6.91-USD 7.35/kg for 40 pcs/kg.
- Shrimp prices in China grew by 5.77% from 2017 to 2022. In China, the domestic prices of commercial shrimp reached a low point, implying that farmers were no longer interested in stocking up for the wet season, which had become more challenging. Therefore, the low price of commercial shrimp in China can be the basis for a rise in consumption and export. If Vietnam fully implements the export safety certificates for shrimp, the prices of Vietnamese shrimp products will likely increase. The prices of shrimp exported from India, Thailand, and China reflected the advantages of being members of the WTO and the disadvantages of the shrimp diseases in Vietnam, which significantly affected the export prices of Vietnamese shrimp.
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Asia Pacific Shrimp Industry Overview
The Asia-Pacific Shrimp Market is fragmented, with the top five companies occupying 1.16%. The major players in this market are Apex Frozen Foods Ltd, Blue Snow Food Co. Ltd, Dongwon Industries Ltd, Maruha Nichiro Corporation and Thai Union Group PCL (sorted alphabetically).
Asia Pacific Shrimp Market Leaders
Apex Frozen Foods Ltd
Blue Snow Food Co. Ltd
Dongwon Industries Ltd
Maruha Nichiro Corporation
Thai Union Group PCL
Other important companies include De Oro Resources Inc., Millennium Ocean Star Corporation, Roda Internacional Canarias SL, Wynntech Star Sdn Bhd.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia Pacific Shrimp Market News
- April 2023: Thai Union joins marine debris cleanup program with Samut Sakhon City Development to help protect local environment.
- February 2023: Dongwon Industries announced the acquisition of Mc Donalds unit in Korea.
- March 2022: Thai Union Group partnered with Sustainable Fisheries Partnership (SFP) to promote supply chain transparency and examine wider ecological consequences. The partnership with SFP is dedicated to creating a responsible seafood business to ensure healthy marine and aquatic environments and a secure seafood supply.
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Asia Pacific Shrimp Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Price Trends
2.1.1. Shrimp
2.2. Production Trends
2.2.1. Shrimp
2.3. Regulatory Framework
2.3.1. Australia
2.3.2. China
2.3.3. India
2.3.4. Japan
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
3.1. Form
3.1.1. Canned
3.1.2. Fresh / Chilled
3.1.3. Frozen
3.1.4. Processed
3.2. Distribution Channel
3.2.1. Off-Trade
3.2.1.1. Convenience Stores
3.2.1.2. Online Channel
3.2.1.3. Supermarkets and Hypermarkets
3.2.1.4. Others
3.2.2. On-Trade
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Malaysia
3.3.7. South Korea
3.3.8. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. Apex Frozen Foods Ltd
4.4.2. Blue Snow Food Co. Ltd
4.4.3. De Oro Resources Inc.
4.4.4. Dongwon Industries Ltd
4.4.5. Maruha Nichiro Corporation
4.4.6. Millennium Ocean Star Corporation
4.4.7. Roda Internacional Canarias SL
4.4.8. Thai Union Group PCL
4.4.9. Wynntech Star Sdn Bhd
5. KEY STRATEGIC QUESTIONS FOR SEAFOOD INDUSTRY CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- SHRIMP PRICE PER METRIC TON, USD, ASIA-PACIFIC, 2017 - 2023
- Figure 2:
- SHRIMP PRODUCTION, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 3:
- VOLUME OF SHRIMP MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 4:
- VALUE OF SHRIMP MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 5:
- VOLUME OF SHRIMP MARKET BY FORM, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- VALUE OF SHRIMP MARKET BY FORM, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF SHRIMP MARKET SPLIT BY FORM, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY FORM, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 9:
- VOLUME OF CANNED SHRIMP MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VALUE OF CANNED SHRIMP MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE SHARE OF CANNED SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 12:
- VOLUME OF FRESH / CHILLED SHRIMP MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- VALUE OF FRESH / CHILLED SHRIMP MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 14:
- VALUE SHARE OF FRESH / CHILLED SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 15:
- VOLUME OF FROZEN SHRIMP MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE OF FROZEN SHRIMP MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 17:
- VALUE SHARE OF FROZEN SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 18:
- VOLUME OF PROCESSED SHRIMP MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VALUE OF PROCESSED SHRIMP MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 20:
- VALUE SHARE OF PROCESSED SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 21:
- VOLUME OF SHRIMP MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VALUE OF SHRIMP MARKET BY DISTRIBUTION CHANNEL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 23:
- VOLUME SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 24:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 25:
- VOLUME OF SHRIMP MARKET SOLD VIA OFF-TRADE, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VALUE OF SHRIMP MARKET SOLD VIA OFF-TRADE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 27:
- VOLUME OF SHRIMP MARKET SOLD VIA OFF-TRADE CHANNELS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 28:
- VALUE OF SHRIMP MARKET SOLD VIA OFF-TRADE CHANNELS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 29:
- VOLUME OF SHRIMP MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 30:
- VALUE OF SHRIMP MARKET SOLD VIA CONVENIENCE STORES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 31:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA CONVENIENCE STORES SPLIT BY FORM, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 32:
- VOLUME OF SHRIMP MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 33:
- VALUE OF SHRIMP MARKET SOLD VIA ONLINE CHANNEL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 34:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA ONLINE CHANNEL SPLIT BY FORM, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 35:
- VOLUME OF SHRIMP MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 36:
- VALUE OF SHRIMP MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 37:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY FORM, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 38:
- VOLUME OF SHRIMP MARKET SOLD VIA OTHERS, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 39:
- VALUE OF SHRIMP MARKET SOLD VIA OTHERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 40:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA OTHERS SPLIT BY FORM, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 41:
- VOLUME OF SHRIMP MARKET SOLD VIA ON-TRADE, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 42:
- VALUE OF SHRIMP MARKET SOLD VIA ON-TRADE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 43:
- VOLUME OF SHRIMP MARKET BY COUNTRY, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 44:
- VALUE OF SHRIMP MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VOLUME SHARE OF SHRIMP MARKET SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 46:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 47:
- VOLUME OF SHRIMP MARKET, METRIC TONS, AUSTRALIA, 2017 - 2029
- Figure 48:
- VALUE OF SHRIMP MARKET, USD, AUSTRALIA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, AUSTRALIA, 2022 VS 2029
- Figure 50:
- VOLUME OF SHRIMP MARKET, METRIC TONS, CHINA, 2017 - 2029
- Figure 51:
- VALUE OF SHRIMP MARKET, USD, CHINA, 2017 - 2029
- Figure 52:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CHINA, 2022 VS 2029
- Figure 53:
- VOLUME OF SHRIMP MARKET, METRIC TONS, INDIA, 2017 - 2029
- Figure 54:
- VALUE OF SHRIMP MARKET, USD, INDIA, 2017 - 2029
- Figure 55:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 56:
- VOLUME OF SHRIMP MARKET, METRIC TONS, INDONESIA, 2017 - 2029
- Figure 57:
- VALUE OF SHRIMP MARKET, USD, INDONESIA, 2017 - 2029
- Figure 58:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, INDONESIA, 2022 VS 2029
- Figure 59:
- VOLUME OF SHRIMP MARKET, METRIC TONS, JAPAN, 2017 - 2029
- Figure 60:
- VALUE OF SHRIMP MARKET, USD, JAPAN, 2017 - 2029
- Figure 61:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, JAPAN, 2022 VS 2029
- Figure 62:
- VOLUME OF SHRIMP MARKET, METRIC TONS, MALAYSIA, 2017 - 2029
- Figure 63:
- VALUE OF SHRIMP MARKET, USD, MALAYSIA, 2017 - 2029
- Figure 64:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MALAYSIA, 2022 VS 2029
- Figure 65:
- VOLUME OF SHRIMP MARKET, METRIC TONS, SOUTH KOREA, 2017 - 2029
- Figure 66:
- VALUE OF SHRIMP MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 67:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 68:
- VOLUME OF SHRIMP MARKET, METRIC TONS, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 69:
- VALUE OF SHRIMP MARKET, USD, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 70:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF ASIA-PACIFIC, 2022 VS 2029
- Figure 71:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2020 - 2023
- Figure 72:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2020 - 2023
- Figure 73:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Shrimp Industry Segmentation
Canned, Fresh / Chilled, Frozen, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel. Australia, China, India, Indonesia, Japan, Malaysia, South Korea are covered as segments by Country.
- The on-trade channel dominates the processed shrimp market; by value, it registered a growth of 4.59% through the on-trade channel between 2019 and 2022. The foodservice industry primarily acquires processed shrimp due to its high quality. Shrimps may be infected with diseases that have negative health effects on people. Disease transmission is avoided by processing and packaging with safety precautions. However, prices are extremely dependent on shrimp farmers, as the aquaculture sector in the region has been expanding rapidly. Most farmed animals have a mortality rate of around 1% per month.
- The off-trade channel is the fastest-growing channel in the shrimp market, and it is projected to witness a CAGR of 1.17% during the forecast period. Key players such as Thai Union Group PCL, Wynntech Star Sdn Bhd, Apex Frozen Foods Ltd, and Blue Snow Food Co. Ltd focus on product innovation and expansion through various retail channels such as supermarkets and online stores. The changing food habits and spending patterns and busy lifestyles of the growing working population are increasing the demand for processed shrimp to meet dietary habits.
- E-commerce grew rapidly during the historical period (2017-2022). The pandemic boosted the growth of online sales of shrimp in the region. Increased mobile accessibility and broadband penetration are disrupting the traditional grocery-buying business model. Online channels are enabling consumers to purchase groceries anywhere, at any time. In 2022, the penetration rate of online grocery shopping in China reached 10.28%. Online channels are further anticipated to grow in the country during the forecast period.
| Form | |
| Canned | |
| Fresh / Chilled | |
| Frozen | |
| Processed |
| Distribution Channel | ||||||
| ||||||
| On-Trade |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| South Korea | |
| Rest of Asia-Pacific |
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Market Definition
- Frozen / Canned Seafood - Frozen seafood are products whose average temperature is reduced to -18 掳 C or lower to preserve the inherent quality of the fresh fish. Then it is kept at a temperature of -18 掳 C or lower to maintain its shelf life.鈥�
- Processed Seafood - Processed seafood are the ones that have been cured, salted, marinated, dried, pickled, fermented or smoked for human consumption. 鈥�
- Seafood - It contains marine species that can be consumed, particularly fish and shelled marine life.鈥�
- Shrimp - Shrimp are swimming crustaceans. They have long, slender muscles in their abdomens and lengthy antennae.鈥�
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or W眉rstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hy艒go prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
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Research Methodology
糖心vlog传媒 follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.鈥�
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.鈥�
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.鈥�
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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