North America Shrimp Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 10.34 Billion |
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Market Size (2029) | USD 11.04 Billion |
|
Largest Share by Distribution Channel | On-Trade |
|
|
CAGR (2024 - 2029) | 1.33 % |
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Largest Share by Country | United States |
|
|
Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
North America Shrimp Market Analysis
The North America Shrimp Market size is estimated at 10.34 billion USD in 2024, and is expected to reach 11.04 billion USD by 2029, growing at a CAGR of 1.33% during the forecast period (2024-2029).
10.34 Billion
Market Size in 2024 (USD)
11.04 Billion
Market Size in 2029 (USD)
3.69 %
CAGR (2017-2023)
1.33 %
CAGR (2024-2029)
Largest Segment by Country
78.36 %
value share, United States, 2023
The affluence in the United States and improvements in the distribution and marketing of shrimp can be linked to the country's rising shrimp per capita consumption.
Largest Segment by Form
60.22 %
value share, Frozen, 2023
The larger sales of the frozen form of shrimp result from higher demand from the on-trade segment. The low-priced frozen shrimp with longer shelf life drives its demand.
Fastest-growing Segment by Country
1.82 %
Projected CAGR, Canada, 2024-2029
Shrimp sales are projected to increase in Canada with an increase in production throughout the forecast period. This increase is due to the growing demand for fresh shrimp.
Fastest-growing Segment by Form
1.52 %
Projected CAGR, Canned, 2024-2029
The growing need for ready-to-eat and ready-to-cook food products gave聽rise to the demand for canned shrimp. The sales are higher from the online distribution channel.
Leading Market Player
7.32 %
market share, Sysco Corporation, 2022
The company offers a wide selection of shrimps, including domestic and international white and brown shrimps and black tiger shrimp, to the retail and foodservice sectors.
Advancements in supply chain and storage technology are assisting the retail growth of frozen shrimp by means of off-trade channels
- Overall, the sales of shrimp products through the on-trade channel increased by 28.91% during 2020-2022. Several health advantages of shrimp have led to increased consumption in the region in recent years. The on-trade channel is the major channel for shrimp sales, as Americans spend around 65% of their money in restaurants to eat seafood, including shrimp. The majority of the sales of frozen shrimp were through the on-trade channel. When it comes to wholesale opportunities, good-quality frozen shrimp is in high demand across the restaurant business. Shrimp supply sometimes varies seasonally, but consumers have year-round access to high-quality frozen shrimp at a fixed price in restaurants. The sales value of frozen shrimp sold through on-trade channels registered a growth of 7.09% from 2019 to 2022.
- Off-trade is predicted to be the fastest-growing segment in North America, majorly influenced by the expansion of online grocery delivery services across the region. The online channel is expected to be the fastest-growing distribution channel in the off-trade segment. It is projected to register a CAGR of 12.82% by value during the forecast period. This growth is favored by the increasing number of smartphone users, which increased by 11 million between 2020 and 2021. Around 45% of the population browse online websites through mobile devices.
- Supermarkets and hypermarkets dominate the off-trade distribution channel segment, occupying 66.58% of the market share by value in 2022 due to the expansive network of outlets across the region and the incorporation of consumer-favorable technologies, like self-checkout, cashless/cardless payment, and door-step delivery. The major shrimp brands in the regional supermarkets are SeaPak, Wild Gulf Shrimp, and Sam's Choice.
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The United States dominates the market, propelled by significant support by campaign strategies
- Canada is the fastest-growing country in the North American shrimp market, and it is expected to register a CAGR of 3.97% during the forecast period (2023-2029). There is a growth in demand for label-friendly products such as sustainable seafood, locally produced, etc. This growth can be attributed to various health benefits of consuming shrimp, such as promoting bone and brain health and its anti-aging properties. Thus, such factors contribute to the growing trend of shrimp consumption in Canada.
- The United States recorded a high consumption rate of shrimp in 2022. The sales value of shrimp registered a CAGR of 4.04% over 2017-22. Due to the various health benefits of consuming shrimp, consumption in the United States is rising and is anticipated to continue during the forecast period. This growing interest in the country is boosted by various awareness campaigns such as 'Eat Seafood America.' Astaxanthin, a substance found in algae that aids in preventing several chronic diseases, is abundant in shrimp, which also contributes to its high consumption rate.
- In 2022, Mexico occupied a notable share of the market. El Mercado de la Viga is the largest seafood port and market in Mexico, responsible for supplying a population of more than 22 million to the country's metropolitan area. However, small local fishing cooperatives (co-ops) nationwide are finding it difficult to meet the demand for high-quality, environmentally friendly, yet reasonably priced seafood products, including shrimp.
North America Shrimp Market Trends
Innovations in methods and initiatives from government bodies are boosting the production
- The United States is the major producer in the region. The shrimp market in the United States is expected to register a growth of 1.32% by value during the forecast period (2023-2029). The US shrimp farming industry is struggling to compete with low-cost shrimp imported from major manufacturers, including India, Indonesia, and Ecuador. However, with the growing shrimp consumption in the country, new shrimp-farming projects of all shapes and sizes are cropping up across the country, from small and large recirculating aquaculture systems (RAS) in California and Florida to traditional pond aquaculture in Texas. In Canada, with the growing need for local shrimp production, in January 2022, Fisheries and Oceans Canada (DFO) released the draft 2022-23 Prawn and Shrimp by Trap Integrated Fisheries Management Plan (IFMP) for a 30-day consultation period. The plan continues the government's ongoing commitment to enhance the abundance of the Pacific prawn fishery for future generations.
- In 2022, Mexico was the world鈥檚 second-largest producer of shrimp. The total production consists of 22% caught in bays and 78% aquaculture-farmed shrimps. Sinaloa is the leading state in farm shrimp production, with a historic figure of 95,000 tons produced in 2021, followed by the states of Sonora and Nayarit. The biggest innovation in the region's shrimp aquaculture in 2022 was Atarraya, a start-up tech company based in Mexico City, Mexico, known for developing the Shrimpbox. It has converted a shipping container into a small commercial shrimp farm, the Shrimpbox, which requires minimal water exchange and contains an automated feeding system and bio floc waste-removal system, minimizing the work involved in farming shrimp in the unit while eliminating the need for using antibiotics and chemicals.
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Growing demand and rising production costs are leading to price hikes
- During 2017-2022, the shrimp segment registered a price growth rate of 7.74% in North America. Shrimp is the highest-sold species of seafood in the region. The region has a prominent shrimp production base, with the majority of local shrimp produced by aquaculture. The cost of aquaculture inputs (feed, fuel, and transportation) increased considerably in 2022, causing hardship for shrimp farmers worldwide. However, the region still depends on imports from major producing Asian countries to fulfill the increasing demand. In 2022, the US imported frozen shrimp worth USD 5 billion. Thus, imports account for a significant share of consumption, resulting in price growth.
- The demand and prices of shrimp in the major markets were relatively stable from January to August of 2022. From September, shrimp prices in the international trade started to weaken, reaching low levels in October. High freight rates, the rising cost of marine fuels, and logistical disruptions, including bottlenecks at seaports and shortages of truck drivers in the United States, are expected to boost wholesale prices. The increasing global demand for crustaceans is a major factor in the increasing prices. Shrimp is among the top seafood species sold on offers, with 39% of shrimp sales happening under promotions in 2021. In the United States of America, Hurricane Ian severely affected the Southwest coast of Florida, destroying shrimp vessels and port facilities.
- During 2017-2022, shrimp prices registered a growth rate of 23.48% in Canada. The majority of the population lives away from the coasts, and the live shrimps available in Canada are mostly saltwater shrimp. Live shrimp are flown from the coast to the fish market. It is also very expensive to fly shrimp.
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North America Shrimp Industry Overview
The North America Shrimp Market is fragmented, with the top five companies occupying 9.34%. The major players in this market are Admiralty Island Fisheries Inc., Beaver Street Fisheries, Dulcich Inc., Pacific American Fish Company Inc. and Sysco Corporation (sorted alphabetically).
North America Shrimp Market Leaders
Admiralty Island Fisheries Inc.
Beaver Street Fisheries
Dulcich Inc.
Pacific American Fish Company Inc.
Sysco Corporation
Other important companies include Gulf Shrimp Co. LLC, Millennium Ocean Star Corporation, NaturalShrimp Inc., Paul Piazza & Son Inc., The American Shrimp Company.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Shrimp Market News
- November 2023: Beaver Street Fisheries, Inc. launched its newest selection to its popular Sea Best Seafood Festival line. The seafood boil addresses a consumer demand for more interesting seafood options that are easy to prepare at home. The new Steamer Pot offers a New England-style boil that includes shrimp, cold water lobster claws, clams, and mussels.
- March 2023: NaturalShrimp, Inc, a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused, commercially operational RAS (Recirculating Aquaculture System), has, through its wholly-owned subsidiary, NaturalShrimp USA Corporation, entered into a year-long agreement with Homegrown Shrimp USA, Inc. for the purchase of post-larvae shrimp for stocking in the Company鈥檚 Webster City, Iowa and La Coste, Texas facilities.
- October 2022: NaturalShrimp Incorporated announced a merger agreement with Nasdaq-Listed Yotta Acquisition Corp. Merger to accelerate commercialization and production ramp-up of farm-to-table sushi-grade shrimp and fresh seafood including planned U.S. facility expansion.
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North America 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. Canada
2.3.2. Mexico
2.3.3. United States
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. Canada
3.3.2. Mexico
3.3.3. United States
3.3.4. Rest of North America
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. Admiralty Island Fisheries Inc.
4.4.2. Beaver Street Fisheries
4.4.3. Dulcich Inc.
4.4.4. Gulf Shrimp Co. LLC
4.4.5. Millennium Ocean Star Corporation
4.4.6. NaturalShrimp Inc.
4.4.7. Pacific American Fish Company Inc.
4.4.8. Paul Piazza & Son Inc.
4.4.9. Sysco Corporation
4.4.10. The American Shrimp Company
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, NORTH AMERICA, 2017 - 2023
- Figure 2:
- SHRIMP PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 3:
- VOLUME OF SHRIMP MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 4:
- VALUE OF SHRIMP MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 5:
- VOLUME OF SHRIMP MARKET BY FORM, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 6:
- VALUE OF SHRIMP MARKET BY FORM, USD, NORTH AMERICA, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF SHRIMP MARKET SPLIT BY FORM, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY FORM, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 9:
- VOLUME OF CANNED SHRIMP MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 10:
- VALUE OF CANNED SHRIMP MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE SHARE OF CANNED SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 12:
- VOLUME OF FRESH / CHILLED SHRIMP MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 13:
- VALUE OF FRESH / CHILLED SHRIMP MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 14:
- VALUE SHARE OF FRESH / CHILLED SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 15:
- VOLUME OF FROZEN SHRIMP MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE OF FROZEN SHRIMP MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF FROZEN SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 18:
- VOLUME OF PROCESSED SHRIMP MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE OF PROCESSED SHRIMP MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF PROCESSED SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 21:
- VOLUME OF SHRIMP MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 22:
- VALUE OF SHRIMP MARKET BY DISTRIBUTION CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 23:
- VOLUME SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 24:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 25:
- VOLUME OF SHRIMP MARKET SOLD VIA OFF-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 26:
- VALUE OF SHRIMP MARKET SOLD VIA OFF-TRADE, USD, NORTH AMERICA, 2017 - 2029
- Figure 27:
- VOLUME OF SHRIMP MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 28:
- VALUE OF SHRIMP MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 29:
- VOLUME OF SHRIMP MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE OF SHRIMP MARKET SOLD VIA CONVENIENCE STORES, USD, NORTH AMERICA, 2017 - 2029
- Figure 31:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA CONVENIENCE STORES SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
- Figure 32:
- VOLUME OF SHRIMP MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE OF SHRIMP MARKET SOLD VIA ONLINE CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 34:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA ONLINE CHANNEL SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
- Figure 35:
- VOLUME OF SHRIMP MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 36:
- VALUE OF SHRIMP MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, NORTH AMERICA, 2017 - 2029
- Figure 37:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
- Figure 38:
- VOLUME OF SHRIMP MARKET SOLD VIA OTHERS, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 39:
- VALUE OF SHRIMP MARKET SOLD VIA OTHERS, USD, NORTH AMERICA, 2017 - 2029
- Figure 40:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA OTHERS SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
- Figure 41:
- VOLUME OF SHRIMP MARKET SOLD VIA ON-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 42:
- VALUE OF SHRIMP MARKET SOLD VIA ON-TRADE, USD, NORTH AMERICA, 2017 - 2029
- Figure 43:
- VOLUME OF SHRIMP MARKET BY COUNTRY, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 44:
- VALUE OF SHRIMP MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 45:
- VOLUME SHARE OF SHRIMP MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 46:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 47:
- VOLUME OF SHRIMP MARKET, METRIC TONS, CANADA, 2017 - 2029
- Figure 48:
- VALUE OF SHRIMP MARKET, USD, CANADA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CANADA, 2022 VS 2029
- Figure 50:
- VOLUME OF SHRIMP MARKET, METRIC TONS, MEXICO, 2017 - 2029
- Figure 51:
- VALUE OF SHRIMP MARKET, USD, MEXICO, 2017 - 2029
- Figure 52:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MEXICO, 2022 VS 2029
- Figure 53:
- VOLUME OF SHRIMP MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 54:
- VALUE OF SHRIMP MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 55:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 56:
- VOLUME OF SHRIMP MARKET, METRIC TONS, REST OF NORTH AMERICA, 2017 - 2029
- Figure 57:
- VALUE OF SHRIMP MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
- Figure 58:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF NORTH AMERICA, 2022 VS 2029
- Figure 59:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2020 - 2023
- Figure 60:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2020 - 2023
- Figure 61:
- VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America 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. Canada, Mexico, United States are covered as segments by Country.
- Overall, the sales of shrimp products through the on-trade channel increased by 28.91% during 2020-2022. Several health advantages of shrimp have led to increased consumption in the region in recent years. The on-trade channel is the major channel for shrimp sales, as Americans spend around 65% of their money in restaurants to eat seafood, including shrimp. The majority of the sales of frozen shrimp were through the on-trade channel. When it comes to wholesale opportunities, good-quality frozen shrimp is in high demand across the restaurant business. Shrimp supply sometimes varies seasonally, but consumers have year-round access to high-quality frozen shrimp at a fixed price in restaurants. The sales value of frozen shrimp sold through on-trade channels registered a growth of 7.09% from 2019 to 2022.
- Off-trade is predicted to be the fastest-growing segment in North America, majorly influenced by the expansion of online grocery delivery services across the region. The online channel is expected to be the fastest-growing distribution channel in the off-trade segment. It is projected to register a CAGR of 12.82% by value during the forecast period. This growth is favored by the increasing number of smartphone users, which increased by 11 million between 2020 and 2021. Around 45% of the population browse online websites through mobile devices.
- Supermarkets and hypermarkets dominate the off-trade distribution channel segment, occupying 66.58% of the market share by value in 2022 due to the expansive network of outlets across the region and the incorporation of consumer-favorable technologies, like self-checkout, cashless/cardless payment, and door-step delivery. The major shrimp brands in the regional supermarkets are SeaPak, Wild Gulf Shrimp, and Sam's Choice.
| Form | |
| Canned | |
| Fresh / Chilled | |
| Frozen | |
| Processed |
| Distribution Channel | ||||||
| ||||||
| On-Trade |
| Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
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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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