Market and Retail Outlook
Scope /
Due to the nature of localised production of species and the demand from both western and Asian consuming markets, seafood is one of the most globally traded food commodities. The growth in seafood trade value over the last decade has been particularly driven by high-value farmed species, such as warm water shrimp, into Europe, the US and China. Only Japan is showing decreased imports (both in volume and value).
The fact that the market demand for shrimp is so dispersed and global in nature is a huge opportunity. This is the catalyzer for further growth of shrimp production; while it was at 3 M tonnes in 2015, experts expect it to pass the 5 M mark in 2022. It however also raises challenges. In addition to the cyclical nature of the industry and volatility of prices, the various key importing markets and buyers articulate expanding expectations on e.g. provenance and traceability, feed, (certified) environmental sustainability and social responsibility.
In the seminar session, we will take a market perspective and look into various pressure points impacting shrimp trade and production. We will look at the latest import data and changing trade patterns. We will explore macro-economic trends and look into retail trends and how this is impacting shrimp consumption patterns.
We will zoom in by having well-known retailers and brands from across the globe talking about their expectations for sourcing shrimp now and into the future. We also hear from innovative initiatives which are taken in the shrimp industry today to be ahead of the game in meeting market expectations. The session will close with a moderated panel to discuss what is needed for solutions to scale?
The fact that the market demand for shrimp is so dispersed and global in nature is a huge opportunity. This is the catalyzer for further growth of shrimp production; while it was at 3 M tonnes in 2015, experts expect it to pass the 5 M mark in 2022. It however also raises challenges. In addition to the cyclical nature of the industry and volatility of prices, the various key importing markets and buyers articulate expanding expectations on e.g. provenance and traceability, feed, (certified) environmental sustainability and social responsibility.
In the seminar session, we will take a market perspective and look into various pressure points impacting shrimp trade and production. We will look at the latest import data and changing trade patterns. We will explore macro-economic trends and look into retail trends and how this is impacting shrimp consumption patterns.
We will zoom in by having well-known retailers and brands from across the globe talking about their expectations for sourcing shrimp now and into the future. We also hear from innovative initiatives which are taken in the shrimp industry today to be ahead of the game in meeting market expectations. The session will close with a moderated panel to discuss what is needed for solutions to scale?
