Shrimp is a common seafood species that belongs to the Malacostraca, the largest class of crustaceans. Shrimp is high in omega-3 fatty acids, which help people lose weight, lower blood pressure, boost bone and brain health, alleviate eye weakness, and decrease the risk of cardiovascular disease. 1.Promoted Shrimp Products 2.Increased Shrimp Products 3.characterized by increased demand for processed shrimp 4.low export prices and expanded shipments 5.postpone on Shrimp Products To Read More: https://bit.ly/3giOgFT

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Global Market Analysis on Shrimp Products
Dr. Nancy Agnes, Head, Technical Operations, FoodResearchLab, info@foodresearchlab.com
I. INTRODUCTION
Shrimp is a common seafood species that
belongs to the Malacostraca, the largest class of
crustaceans. Shrimp is high in omega-3 fatty
acids, which help people lose weight, lower
blood pressure, boost bone and brain health,
alleviate eye weakness, and decrease the risk of
cardiovascular disease. It also has high protein
content and low-fat content. Shrimp industry
waste has recently piqued interest due to the
presence of valuable bioactive compounds,
especially lipids, pigments, and other
oligosaccharides [1]. With an annual valuation
of over $57 billion, crustacean farming is one of
the most important global aquacultures,
accounting for roughly 23% of the entire global
aquaculture industry (UN FAO Fisheries and
Aquaculture Department, 2018).
The Global Shrimp Market is forecast to reach
US$ 24.1 billion by 2026, according to the
report. Many governments are promoting shrimp
cultivation by providing financial incentives and
tax breaks to producers. Apart from China and
Vietnam, Ecuador is the world's largest exporter
of shrimp. The United States is the main Shrimp
producer among consuming countries.
In 2020, the global shrimp industry will hit 8.12
million tons. Because of rising demand, the
industry is expected to expand at a CAGR of
4.5% from 2021 to 2026, reaching a capacity of
10.7 million tons by 2026.
II. BY-PRODUCTS FROM SHRIMP AND
FORTIFICATION
Various traditional and novel techniques have
been used to remove shrimp oil from the
cephalothorax and hepatopancreas [2-6]. The
bread was fortified with microencapsulated
shrimp oil (MSO). When applied up to 3%,
MSO fortification resulted in increased loaf
volume and appropriate sensory content [7].
MSO was fortified in biscuits with sodium
caseinate, fish gelatin, and glucose syrup
(1:1:4, w/w/w) as wall materials and stored
for 12 days. When MSO was applied up to
6%, the nutritional content of the biscuit was
increased without a detrimental effect on
sensory quality [8].
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III. SHRIMP DEMAND HAS INCREASED
GLOBALLY
In 2020, the pandemic of COVID-19 decreased
total shrimp consumption. Although retail sales
of shrimp were high in both the foreign and
domestic markets, the foodservice industry
suffered significant losses. Recently, the mid-
autumn festival in October has sparked a
significant increase in China's catering industry.
This could lead to more restaurant openings in
China in the coming months.
Fig. 1: Development of shrimp aquaculture in
large Asia-based farmers.
(Sources: FAO (2019) and GOAL surveys
(2011 to 2018) for 2010 to 2017;
GOAL survey (2019) for 2018 to 2021).
IV. SUPPLY
Due to the COVID-19 outbreak, the shrimp
aquaculture season in Asia has been postponed
until 2020. Pond stockings were delayed in most
producing countries after the early season panic
harvests in April, resulting in a reduction in real
farming days during the lockdown time. Shrimp
farmers also introduced Medium-density
aquaculture due to low ex-farm costs, which
lasted until August 2020. Following sharp
contractions in global demand from the
foodservice market, raw materials were short-
supplied in India from April to August 2020,
though ex-farm prices stayed at record low
levels. The supply situation in Vietnam and
Indonesia was stronger. In reaction to shifts in
consumer demand, export processors in those
countries concentrated on value-added goods
and retail packaging. In 2020, Thailand's output
was lower than in 2019, impacting raw material
supplies for export manufacturing. Farmers in
Thailand have been discouraged by low ex-farm
prices and falling tourism. Domestic production
in China also fell in 2020 as a result of shrimp
disease and bad weather.
V. INTERNATIONAL COMMERCE
In the international market, the industry tends to
follow the shifting demand trend. During April-
June 2020, the industry held some equilibrium as
supply decreased, with high retail demand but
large demand losses in the catering trade (70-
80%). While the foodservice industry in North
America and Europe improved during the

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summer months, most restaurants were forced to
run at just 25 to 30% capacity due to the
required social distancing steps. Owing to the
ongoing flight bans worldwide, demand for air
travel has also suffered and has yet to rebound.
Despite these constraints, the global shrimp trade
remained relatively stable in April-August 2020,
despite reduced supplies, especially from Asia.
Nonetheless, imports rose in China's and the
United States' two biggest economies, where
retail prices hit new highs from April to
September 2020.
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challenges for manufacturers and streamlines the
product development process.
VI. EXPORTS
During the first half of 2020, supplies improved
from the top two exporters, Ecuador and
Indonesia. Ecuador benefited from record low
export prices and expanded shipments to the
United States of America, while Indonesia's
processed shrimp exports increased during the
review period. Other countries' exports of
processed shrimp rose as well, but not from
Thailand or China. Compared to the same
timeframe in 2019, cooked frozen shrimp
exports increased by 35% in India and Indonesia
during the study period. Argentina's sea-caught
shrimp exports fell by 16 % to 45,000 tons due
to lower catches during the study period.
VII. IMPORTS
During the period January-June 2020, China
overtook the United States as the leading shrimp
importer. Imports rose slightly in the United
States but fell in the European Union, Japan,
Canada, and many other developing markets
worldwide. During this time, US imports were
characterized by increased demand for processed
shrimp, while raw head-on and headless shell-on
shrimp remained the dominant products in
China's imports. Imports into Vietnam (for re-
exports) fell to a historic low of 22,000 tons, or
75% less than in January-June 2019. This drop
was caused by the Chinese government's
continued control over unreported imports from
this region.
Fig. 2: Production of shrimp in each area
(Sources: FAO (2019) and GOAL surveys
(2011 to 2018) for 2010 to 2017;
GOAL survey (2019) for 2018 to 2021).
VIII. SUMMARY
Due to the late seeding of wetlands in 2020,
supplies will be limited until the end of the year,
particularly in areas not impacted by winter
(Indonesia, Malaysia, southern Thailand, Andhra
and Tamil Nadu states in India). On the other
hand, China, eastern India, Viet Nam, Thailand,
Myanmar, and Bangladesh will experience a low
season from November to February. The yield of
farmed shrimp in Asia is expected to fall 15 to

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20% in 2020 compared to 2019. The Chinese
mid-autumn festival and the October National
Day holiday raised shrimp demand significantly,
as outdoor eating increased sharply. Since
COVID-19 is still raging in the United States
and Europe, many Chinese customers have
chosen to fly within their own country. China's
frozen shrimp inventories have decreased,
indicating that imports will increase in the
coming months. Imports from the United States
increased in the third quarter of the year,
allowing for ample stocks for year-end use.
Meanwhile, restaurant sales are expected to
decline during the winter months. In Europe and
Japan, the consumption pattern will be close,
with some increase in demand anticipated during
the Christmas/New Year season. Ex-farm prices
for Asian and Ecuadorian shrimp peaked in
September 2020. Price rises are forecast due to
seasonal shortages in Asia and strong demand
from China before the Lunar New Year in 2021.
China's imports of Ecuadorian shrimp are
expected to increase in the coming months after
the country's bans were lifted. Meanwhile,
shrimp e-commerce and home delivery have
generated new marketing and sales opportunities
in importing and manufacturing countries. On a
long-term basis, this pattern will persist.
REFERENCE
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[8] Takeungwongtrakul, S., Benjakul, S. and H-
kittikun, A. (2015), Wall materials and the
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