Rising Organic Shrimps Market Demand to Ride on expanding Global Awareness of more Health Benefits of Organic Aquaculture Methods

Organic farming is becoming the new normal in the food production industry among health-conscious population world over, especially in developed nations. Over the past decade, organic farming of shrimps has gathered considerable steam among farmers, researchers, and governments in several economies. Organic shrimps are characterized by organic ways of farming using sustainable sources, avoiding any known unhealthy chemicals in the shrimp feeds, adding more natural foods to the feeds, and the promise of freshness and better taste. All the while, the chosen method must also reinforce the holistic concept of minimizing human impacts on the ecology at large, in order to meet the global demands for seafood. It should invariably conform to global certifications as per organic standards, which pits its advantages over conventional farming. 

Factors that have Underpinned Popularity and Propelled Demand 

Trends fueling the Organic Wave

The rising consumption of shrimps in sea food against the wave of organic food consumption gathering pace world over is what adds to the lucrativeness of the market. The growing demand for sea food coming from reliable sources and the growing awareness of robust farming practices in regions such as North America and Europe are factors supporting the attractive demand for organic shrimps. The growing affordability of organic foods in developed economies and the affinity toward fresh trumping frozen foods are some other trends that have ramped up the lucrativeness of organic shrimps. 

According to estimates and projections by Transparency Market Research, these factors and trends are considerably catalyzing the growth of the global organic shrimps market. 

Some Encouraging Developments 

Food producers, retailers, hotel chains, and the consumers are all waking up to the fact that the benefit of organic food trumps the conventional ones, providing a striking impetus to the demand. Aggressive advertising about awareness of the premium organic shrimp farming has over traditional methods has added to the rising demand. However, government support is still lacking in emerging economies to pave way for commercialization of organic shrimps. Furthermore, the complexity of organic certification schemes related with the shrimp feed is also making a dent on the growing popularity of organic shrimps. 

Nevertheless, a few emerging economies are getting wide support from governmental agencies for adopting organic methods of shrimp farming, hence supporting the market. The Marine Products Export Development Authority (MPEDA) has in January 2018 inked a partnership with COOP Cooperative, a prominent Swiss retail and wholesale company, to support organic aqua farming the nation. Under the project, COOP will offer technical expertise and support for entrepreneurs for producing organic shrimps.   

Developed Nations expected to be Lucrative Markets, However, Emerging Economies also promising 

On the regional front, it would be justifiable to opine that the demand for organic shrimps reached attractive heights in developed regions since the inception of the market. In particular, North America and Europe have emerged as potentially lucrative markets for organic sea foods. The rising effort of shrimp producers and farmers to adopt organics in these regions has made these regional markets potentially promising. While the U.S., the U.K., and Canada are also substantial consumers of organic shrimps, countries such as France, Japan, and Spain, are adding to the rising volumes of organic shrimp imports.

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Meanwhile several countries in emerging regions are also emerging as potential producers of organic shrimps. Such countries include China, Thailand, India, Indonesia, and Ecuador. Furthermore, advances in shrimp farming technology and the growing share of inland farming for meeting the needs of seafood are factors giving wide scope to the market expansion to countries such as Mexico and Brazil. Latin America is thus proving to be a promising regional market for organic shrimps

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