GCC Shrimp Feed Market Overview:
The GCC shrimp feed market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Shrimp feed is a commercial food formulation that aids in regulating levels of minerals, proteins, vitamins, and essential amino acids in farmed shrimps. It includes starter, grower, and finisher-grade shrimp feeds that are added to shrimp tanks during various growth phases. Shrimp feed is a rich source of vitamins, proteins, enzymes, antioxidants, fatty acids, and antibiotics. It contains fish oil, soybean, squid, crab protein, yeast, cereal flour, and various additives as standard ingredients. Shrimp feed is widely used in farming vannamei, whiteleg, and akiami shrimps. It offers various benefits to shrimps, as it stimulates growth, boosts immunity, and enhances digestion. Shrimp feed also improves yield and the production cycle and increases profitability.
The rising demand for seafood products, coupled with the increasing popularity of various shrimp-based dishes, such as shrimp cocktail, garlic shrimp, shrimp pasta, and cheesy shrimp, are among the key factors driving the market growth in the region. In addition to this, the rising consumer awareness regarding various health benefits of shrimp consumption, such as aiding in weight loss, improving eyesight, strengthening bones, enhancing brain function, and reducing the risk of cancer, Alzheimer’s disease, and cardiovascular diseases (CVDs), is providing an impetus to the market growth. Additionally, the introduction of functional ingredients, such as phytogenic substances, immune stimulants, mycotoxin binders, organic acids, prebiotics, probiotics, and nucleotides, that improve stress tolerance, promote adaptive immunity, increase reproductive performance, and enhance nutrient absorption in shrimps are positively influencing the market growth. Apart from this, the recent development of sustainable shrimp feed manufactured from microbial biomass ingredients that improve production yield, reduce nitrogen emission, enhance the quality of water, and minimize environmental impact is acting as another growth-inducing factor. Moreover, the implementation of various government initiatives boosting the export of aquaculture commodities is favoring the market growth. Other factors, including changing dietary preferences of consumers, inflating disposable incomes, and rapid improvements in shrimp farming practices, are anticipated to drive the market growth.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC shrimp feed market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC shrimp feed market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC shrimp feed market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC shrimp feed market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC shrimp feed market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC shrimp feed market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC shrimp feed market industry. Furthermore, the value chain analysis of the GCC shrimp feed market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Shrimp Feed Market Segment Insights:
The GCC shrimp feed market has been analysed as followed:
By Type:
By Ingredients:
By Additives:
By Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
Competative Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Shrimp Feed Market Report:
Report Customisation:
The GCC shrimp feed market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.
1 Introduction
1.1 Research Objectives
1.2 Stakeholders
1.3 Scope of the Report
1.4 Assumptions and Limitations
2 Research Methodology
2.1 Data Collection
2.1.1 Primary Sources
2.1.2 Secondary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Validation
3 Executive Summary
4 Global Shrimp Feed Market
4.1 Historical Market Trend
4.2 Market Segmentation by Region
4.3 Market Outlook
5 GCC Shrimp Feed Market
5.1 Industry Overview
5.2 Key Industry Developments
5.3 Market Trends
5.3.1 Key Market Indicators
5.3.2 Historical Market Trends
5.3.3 Impact of COVID-19
5.3.4 Market Outlook
6 GCC Shrimp Feed Market Segmentation by Country
6.1 Saudi Arabia
6.1.1 Historical Market Trends
6.1.2 Market Outlook
6.2 United Arab Emirates
6.2.1 Historical Market Trends
6.2.2 Market Outlook
6.3 Qatar
6.3.1 Historical Market Trends
6.3.2 Market Outlook
6.4 Kuwait
6.4.1 Historical Market Trends
6.4.2 Market Outlook
6.5 Oman
6.5.1 Historical Market Trends
6.5.2 Market Outlook
6.6 Bahrain
6.6.1 Historical Market Trends
6.6.2 Market Outlook
7 GCC Shrimp Feed Market Segmentation by Type
7.1 Grower
7.1.1 Historical Market Trends
7.1.2 Market Outlook
7.2 Finisher
7.2.1 Historical Market Trends
7.2.2 Market Outlook
7.3 Starter
7.3.1 Historical Market Trends
7.3.2 Market Outlook
8 GCC Shrimp Feed Market Segmentation by Ingredients
8.1 Soybean Meal
8.1.1 Historical Market Trends
8.1.2 Market Outlook
8.2 Fish Meal
8.2.1 Historical Market Trends
8.2.2 Market Outlook
8.3 Wheat Flour
8.3.1 Historical Market Trends
8.3.2 Market Outlook
8.4 Fish Oil
8.4.1 Historical Market Trends
8.4.2 Market Outlook
8.5 Others
8.5.1 Historical Market Trends
8.5.2 Market Outlook
9 GCC Shrimp Feed Market Segmentation by Additives
9.1 Vitamin and Protein
9.1.1 Historical Market Trends
9.1.2 Market Outlook
9.2 Fatty Acid
9.2.1 Historical Market Trends
9.2.2 Market Outlook
9.3 Antioxidant
9.3.1 Historical Market Trends
9.3.2 Market Outlook
9.4 Feed Enzyme
9.4.1 Historical Market Trends
9.4.2 Market Outlook
9.5 Antibiotics
9.5.1 Historical Market Trends
9.5.2 Market Outlook
9.5 Others
9.5.1 Historical Market Trends
9.5.2 Market Outlook
10 GCC Shrimp Feed Industry: Market Dynamics
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 GCC Shrimp Feed Industry: Value Chain Analysis
11.1 Overview
11.2 Research and Development
11.3 Raw Material Suppliers
11.4 Inbound Logistics
11.5 Production
11.6 Marketing
11.7 Outbound Logistics
11.8 Consumers
12 GCC Shrimp Feed Industry: Porter’s Five Forces Analysis
12.1 Overview
12.2 Threat of New Entrants
12.3 Threat of Substitutes
12.4 Bargaining Power of Buyers
12.5 Bargaining Power of Suppliers
12.6 Intensity of Rivalry
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Key Success Factors
14 Key Player Profiles
List of Figures
Figure 1: Global: Shrimp Feed Market: Sales Value (in Million US$), 2017-2022
Figure 2: Global: Shrimp Feed Market: Segmentation by Region (in %), 2022
Figure 3: Global: Shrimp Feed Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 4: GCC: Shrimp Feed Market: Sales Value (in Million US$), 2017-2022
Figure 5: GCC: Shrimp Feed Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 6: GCC: Shrimp Feed Market: Segmentation by Country (in %), 2022
Figure 7: GCC: Shrimp Feed Market: Segmentation by Type (in %), 2022
Figure 8: GCC: Shrimp Feed Market: Segmentation by Ingredients (in %), 2022
Figure 9: GCC: Shrimp Feed Market: Segmentation by Additives (in %), 2022
Figure 10: Saudi Arabia: Shrimp Feed Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Saudi Arabia: Shrimp Feed Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 12: United Arab Emirates: Shrimp Feed Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: United Arab Emirates: Shrimp Feed Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 14: Qatar: Shrimp Feed Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Qatar: Shrimp Feed Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 16: Kuwait: Shrimp Feed Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Kuwait: Shrimp Feed Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 18: Oman: Shrimp Feed Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Oman: Shrimp Feed Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 20: Bahrain: Shrimp Feed Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Bahrain: Shrimp Feed Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 22: GCC: Shrimp Feed (Grower) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: GCC: Shrimp Feed (Grower) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 24: GCC: Shrimp Feed (Finisher) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: GCC: Shrimp Feed (Finisher) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 26: GCC: Shrimp Feed (Starter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: GCC: Shrimp Feed (Starter) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 28: GCC: Shrimp Feed (Soybean Meal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: GCC: Shrimp Feed (Soybean Meal) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 30: GCC: Shrimp Feed (Fish Meal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: GCC: Shrimp Feed (Fish Meal) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 32: GCC: Shrimp Feed (Wheat Flour) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: GCC: Shrimp Feed (Wheat Flour) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 34: GCC: Shrimp Feed (Fish Oil) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: GCC: Shrimp Feed (Fish Oil) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 36: GCC: Shrimp Feed (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: GCC: Shrimp Feed (Others) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 38: GCC: Shrimp Feed (Vitamin and Protein) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: GCC: Shrimp Feed (Vitamin and Protein) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 40: GCC: Shrimp Feed (Fatty Acid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: GCC: Shrimp Feed (Fatty Acid) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 42: GCC: Shrimp Feed (Antioxidant) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: GCC: Shrimp Feed (Antioxidant) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 42: GCC: Shrimp Feed (Feed Enzyme) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: GCC: Shrimp Feed (Feed Enzyme) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 44: GCC: Shrimp Feed (Antibiotics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: GCC: Shrimp Feed (Antibiotics) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 46: GCC: Shrimp Feed (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: GCC: Shrimp Feed (Others) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 48: GCC: Shrimp Feed Industry: Market Dynamics
Figure 49: GCC: Shrimp Feed Industry: Value Chain Analysis
Figure 50: GCC: Shrimp Feed Market: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Shrimp Feed Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Shrimp Feed Market Outlook: Segmentation by Country (in Million US$), 2023-2028
Table 3: GCC: Shrimp Feed Market Outlook: Segmentation by Type (in Million US$), 2023-2028
Table 4: GCC: Shrimp Feed Market Outlook: Segmentation by Ingredients (in Million US$), 2023-2028
Table 5: GCC: Shrimp Feed Market Outlook: Segmentation by Additives (in Million US$), 2023-2028
Table 6: GCC: Shrimp Feed Market Structure
Table 7: GCC: Shrimp Feed Market: Key Players
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