Expanding activities of commercial fisheries into deeper water has created a scenario to develop the shrimp production quantity in Latin America region. Shrimp or prawns farming is a type of business which exists in either freshwater or marine environment. Shrimps or prawn belong to the group of arthropods and is the most popular seafood eaten by people present across the world. Shrimps contain zinc, copper, selenium, magnesium, iron, sodium and vitamins such as B12, A, C, E and B6 which makes the food highly nutritious. Moreover, shrimps are also a good source of carotenoid astaxanthin which have anti-inflammatory and antioxidant properties. In addition to this, this seafood also provides myriad health benefits to consumers. Some of the benefits include improved brain and bone health, better weight management and lower risk of cardiovascular diseases. Owing to such benefits, the consumption of shrimps has raised a level higher in the Latin-America region. Shrimps are caught by fishing companies using various kinds of nets such as stake net, drag net, dip net, cast net, barrier net, bag net, push net, scoop net and gill net in coastal water bodies like estuaries, mangroves, lagoons, bays etc. High demand of this seafood for its various health benefits, creates a high growth opportunity of the shrimp production market in the Latin-America region over the projection period of 2017-2025.
Shrimps provides major benefits to the consumers. Some of the benefits include improved brain and bone health, better weight management and lower risk of cardiovascular diseases. Moreover, rapid urbanization and improving cold storage facilities are some of the major factors expanding the growth of shrimp production market in Latin America. Various health benefits of shrimps also make the market demanding in this region. Brazil having its own shrimp industry, further creates a huge impact on this market in Latin-America region. Large production farm in Brazil and Argentina is expected to augment the market growth of shrimp production in Latin-America. Further down, several restaurants present in this region have started making various dishes with prawns or shrimps, which therefore increases the demand of this market. Rising Latin-American fisheries tending their activity towards deeper water, provides a clear evidence for the expanding production of shrimps in this region over the next eight years.
The Latin-America shrimp production market in report is segmented by species which includes Penaeus Monodon, Penaeus Vannamei, Macrobrachium Rosenbergii and others. Moreover, on the basis of shrimp size the market has been segmented as extra small size (below 20), small size (20-40), medium size (40-60) and large size (60 and above).The Latin-America shrimp production market has been moreover segmented by country wise which includesBrazil, Argentina, Chile and Rest of Latin-America.
However, loss of income by small-scale producers and trade impacts often affects the growth of shrimp’s production market in the Latin-America region.
Some of the major players in the Latin-America shrimp’s production market include Aquasol Inc., BioMar Group, Siam Canadian Foods Co., Ltd. and Omarsa S.A.
Latin-America Shrimps Production Market: By Species(US$, Million tons)
Latin-America Shrimps Production Market: By Shrimp Size(US$, Million tons)
Latin-America Shrimps Production Market: By Country(US$, Million tons)