United States Shrimp Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 8.10 Billion |
|
|
Market Size (2029) | USD 8.65 Billion |
|
Largest Share by Distribution Channel | On-Trade |
|
|
CAGR (2024 - 2029) | 1.32 % |
|
|
Fastest Growing by Distribution Channel | Off-Trade |
|
|
Market Concentration | Low |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
United States Shrimp Market Analysis
The United States Shrimp Market size is estimated at 8.10 billion USD in 2024, and is expected to reach 8.65 billion USD by 2029, growing at a CAGR of 1.32% during the forecast period (2024-2029).
8.10 Billion
Market Size in 2024 (USD)
8.65 Billion
Market Size in 2029 (USD)
3.92 %
CAGR (2017-2023)
1.32 %
CAGR (2024-2029)
Largest Segment by Distribution Channel
55.73 %
value share, On-Trade, 2023
The digitalization of food services is the primary element propelling on-trade channel sales, as hotels聽and restaurants account for 48% of the average American's meal budget.
Largest Segment by Form
59.89 %
value share, Frozen, 2023
Lower prices of frozen shrimp relative to fresh shrimp are the key reason for its demand. Canned shrimp is popular on online channels due to its ease of shipping.
Fastest-growing Segment by Distribution Channel
1.69 %
Projected CAGR, Off-Trade, 2024-2029
The growth of online meat delivery and the expansion of the refrigerated section in supermarkets are driving demand, with a focus on new products based on consumer demand.
Fastest-growing Segment by Form
1.54 %
Projected CAGR, Frozen, 2024-2029
Frozen shrimp is more cost-effective and more versatile than fresh shrimp and maintain its quality and safety for an extended period of time reducing the risk of contamination.
Leading Market Player
8.40 %
market share, Sysco Corporation, 2022
The company's range of products includes domestic and international white and brown shrimp, as well as many processed varieties supplied to large foodservice operators.
Increased consumer spending on seafood is boosting sales
- Overall, the sales of shrimp products through the on-trade channel increased by 5.26% during 2020-2022. Its several health advantages have led to increased consumption in the United States. The rise in student population is fueling the demand. For instance, 18.66 million college students in the United States in 2021 were looking for affordable options, thus leading to increased processed shrimp sales.
- 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. This growth is due to the increasing number of smartphone users. This is increasing the use of online delivery apps in the country, which increased by 11 million between 2020 and 2021. Around 45% of the population browse online websites through mobile devices. Due to the high urban population of around 83.1% in 2021, the country's consumer base for online seafood orders is high.
- In the off-trade segment, consumers prefer buying shrimp from supermarkets/hypermarkets, as most of the shrimp sold in stores are frozen. People get discount coupons for bulk shopping in supermarkets. Supermarket sales for shrimp grew by 65% in value from 2018 to 2020 in the United States. There are around 62,000 retail stores in the country, out of which 70% to 75% offer shrimp with a separate section so that consumers can choose the product of their choice. Convenience stores recorded growth of 8.7% in terms of sales value. The demand for ready-to-cook and convenience food is increasing due to the rising female labor force rate and high urban population, which was 56% in 2022. Around 27,000 stores in 2022 catered to a wider audience per store, like Kroger and Publix.
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United States Shrimp Market Trends
The lack of shrimp producers is the reason for slow growth
- Commercial shrimp production in the United States saw a slow but consistent growth rate, registering a CAGR of 0.66% from 2017 to 2022. Most of the shrimp is shipped in frozen form across the country or to processing plants where it is aseptically processed and canned to prolong shelf life. Louisiana had 33,554 MT of shrimp in landings in 2021, becoming the country's largest producer, followed by Texas, with a comparative production volume of 29,410 MT, Oregon (21,171 MT), Alabama (11,137 MT), and East Florida (10,403 MT).
- The lack of shrimp producers is one of the main reasons for this slow growth in the country. Texas currently has about six or seven shrimp producers, as unaffordable shrimp imports forced many of them to switch from shrimp cultivation to finfish farming. Lower shrimp feed prices in 2020 encouraged shrimp farmers to invest more in production, resulting in lower prices for the end product. However, post-pandemic, high freight rates, rising marine fuel costs, and logistical disruptions pushed shrimp prices higher. Thus, the average shrimp price in 2022 increased by 7% compared to 2021, to USD 15/kg.
- Feed represents almost 40% of the shrimp production costs. Feed is mostly imported from Asia, as it is costly to set up and own a shrimp feed manufacturing facility in the United States. Investment costs for grow-out facilities in the country have been cited at about USD 64,000 per hectare, with a yield of approximately 2,270 kg per hectare per year. Shrimp feed is imported from countries like India, where the cost of setting up a facility is only around USD 400 per hectare, with an annual yield of 600 kg per hectare. However, shrimp feed manufacturers in the country tend to import raw materials from China to manufacture domestically.
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The rising cost of marine fuels and logistical disruptions led to higher prices
- High freight rates, the rising cost of marine fuels, and logistical disruptions, including bottlenecks at seaports and shortages of logistic workers in the United States and Europe, may boost the wholesale prices of shrimps in the country. The demand for shrimp is anticipated to grow rapidly in Eastern and Western Europe and the United States. Rising logistic expenditures are expected to be the main drivers of this spike. Between September 2021 and September 2022, international freight costs from Asia to North America for 20-foot and 40-foot containers rose by 500% and 700% (at USD 13,000 and USD 20,000), respectively, due to supply chain disruptions. This rise resulted in a 15.6% increase in retail prices of shrimps from 2017 to 2022.
- Shrimp sales have increased in recent years, as many restaurants in the United States converted to take-out, online deliveries, and delivery services. Online shrimp sales in the United States increased by 167% in 2020, 42% in 2021, and 30% in 2022, thus showing the growth of the sub-segment. However, trade tensions and tariffs imposed on seafood products by the United States impacted the price increase by 12% in 2022 compared to 2021. Total US imports increased moderately by almost 3.8% from January to June 2022 as the demand for raw products declined. Consumer demand for peeled shrimp, which is commonly used in restaurants, was particularly low. Imports of processed shrimp increased by 29.79% in 2021 compared to the previous year. The United States imported record volumes of shrimp, and almost all varieties witnessed high price levels, even with record volumes being shipped by exporting countries. The United States imported 78,716 tons of shrimp in January 2022, as opposed to 69,653 tons in 2021, for a unit value of USD 5.1 per kg.
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United States Shrimp Industry Overview
The United States Shrimp Market is fragmented, with the top five companies occupying 10.53%. 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).
United States 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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United States Shrimp Market News
- March 2022: Beaver Street Fisheries completed its renovation in Jacksonville for the packaging facility. This move may help the company improve its storage facilities.
- February 2022: NaturalShrimp announced its partnership with Jefferson County, Florida, for a new shrimp production facility property, as well as to seek USD 25 million in available grants.
- January 2022: NaturalShrimp, Inc. and Gulf Shrimp Company Limited has agreed to continue their partnership for live shrimp by the first shrimp-focused, commercially operational RAS (Recirculating Aquaculture System) developed and patented by NaturalShrimp Inc.
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United States 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. 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
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, UNITED STATES, 2017 - 2023
- Figure 2:
- SHRIMP PRODUCTION, METRIC TON, UNITED STATES, 2017 - 2029
- Figure 3:
- VOLUME OF SHRIMP MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 4:
- VALUE OF SHRIMP MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 5:
- VOLUME OF SHRIMP MARKET BY FORM, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 6:
- VALUE OF SHRIMP MARKET BY FORM, USD, UNITED STATES, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF SHRIMP MARKET SPLIT BY FORM, %, UNITED STATES, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY FORM, %, UNITED STATES, 2017 VS 2023 VS 2029
- Figure 9:
- VOLUME OF CANNED SHRIMP MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 10:
- VALUE OF CANNED SHRIMP MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 11:
- VALUE SHARE OF CANNED SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 12:
- VOLUME OF FRESH / CHILLED SHRIMP MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 13:
- VALUE OF FRESH / CHILLED SHRIMP MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 14:
- VALUE SHARE OF FRESH / CHILLED SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 15:
- VOLUME OF FROZEN SHRIMP MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 16:
- VALUE OF FROZEN SHRIMP MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 17:
- VALUE SHARE OF FROZEN SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 18:
- VOLUME OF PROCESSED SHRIMP MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 19:
- VALUE OF PROCESSED SHRIMP MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 20:
- VALUE SHARE OF PROCESSED SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 21:
- VOLUME OF SHRIMP MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 22:
- VALUE OF SHRIMP MARKET BY DISTRIBUTION CHANNEL, USD, UNITED STATES, 2017 - 2029
- Figure 23:
- VOLUME SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2017 VS 2023 VS 2029
- Figure 24:
- VALUE SHARE OF SHRIMP MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2017 VS 2023 VS 2029
- Figure 25:
- VOLUME OF SHRIMP MARKET SOLD VIA OFF-TRADE, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 26:
- VALUE OF SHRIMP MARKET SOLD VIA OFF-TRADE, USD, UNITED STATES, 2017 - 2029
- Figure 27:
- VOLUME OF SHRIMP MARKET SOLD VIA OFF-TRADE CHANNELS, %, UNITED STATES, 2017 VS 2023 VS 2029
- Figure 28:
- VALUE OF SHRIMP MARKET SOLD VIA OFF-TRADE CHANNELS, %, UNITED STATES, 2017 VS 2023 VS 2029
- Figure 29:
- VOLUME OF SHRIMP MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 30:
- VALUE OF SHRIMP MARKET SOLD VIA CONVENIENCE STORES, USD, UNITED STATES, 2017 - 2029
- Figure 31:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA CONVENIENCE STORES SPLIT BY FORM, %, UNITED STATES, 2022 VS 2029
- Figure 32:
- VOLUME OF SHRIMP MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 33:
- VALUE OF SHRIMP MARKET SOLD VIA ONLINE CHANNEL, USD, UNITED STATES, 2017 - 2029
- Figure 34:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA ONLINE CHANNEL SPLIT BY FORM, %, UNITED STATES, 2022 VS 2029
- Figure 35:
- VOLUME OF SHRIMP MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 36:
- VALUE OF SHRIMP MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, UNITED STATES, 2017 - 2029
- Figure 37:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY FORM, %, UNITED STATES, 2022 VS 2029
- Figure 38:
- VOLUME OF SHRIMP MARKET SOLD VIA OTHERS, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 39:
- VALUE OF SHRIMP MARKET SOLD VIA OTHERS, USD, UNITED STATES, 2017 - 2029
- Figure 40:
- VALUE SHARE OF SHRIMP MARKET SOLD VIA OTHERS SPLIT BY FORM, %, UNITED STATES, 2022 VS 2029
- Figure 41:
- VOLUME OF SHRIMP MARKET SOLD VIA ON-TRADE, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 42:
- VALUE OF SHRIMP MARKET SOLD VIA ON-TRADE, USD, UNITED STATES, 2017 - 2029
- Figure 43:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, UNITED STATES, 2020 - 2023
- Figure 44:
- MOST ADOPTED STRATEGIES, COUNT, UNITED STATES, 2020 - 2023
- Figure 45:
- VALUE SHARE OF MAJOR PLAYERS, %, UNITED STATES, 2022
United States 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.
- Overall, the sales of shrimp products through the on-trade channel increased by 5.26% during 2020-2022. Its several health advantages have led to increased consumption in the United States. The rise in student population is fueling the demand. For instance, 18.66 million college students in the United States in 2021 were looking for affordable options, thus leading to increased processed shrimp sales.
- 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. This growth is due to the increasing number of smartphone users. This is increasing the use of online delivery apps in the country, which increased by 11 million between 2020 and 2021. Around 45% of the population browse online websites through mobile devices. Due to the high urban population of around 83.1% in 2021, the country's consumer base for online seafood orders is high.
- In the off-trade segment, consumers prefer buying shrimp from supermarkets/hypermarkets, as most of the shrimp sold in stores are frozen. People get discount coupons for bulk shopping in supermarkets. Supermarket sales for shrimp grew by 65% in value from 2018 to 2020 in the United States. There are around 62,000 retail stores in the country, out of which 70% to 75% offer shrimp with a separate section so that consumers can choose the product of their choice. Convenience stores recorded growth of 8.7% in terms of sales value. The demand for ready-to-cook and convenience food is increasing due to the rising female labor force rate and high urban population, which was 56% in 2022. Around 27,000 stores in 2022 catered to a wider audience per store, like Kroger and Publix.
| Form | |
| Canned | |
| Fresh / Chilled | |
| Frozen | |
| Processed |
| Distribution Channel | ||||||
| ||||||
| On-Trade |
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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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