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The North America shrimp feed market reached a volume of 200 Kilo Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Shrimp feed is the adequate food formulation that is required for producing healthy shrimp. It is utilized for meeting the essential nutritional requirements of farmed shrimp, such as vitamins, minerals, amino acids and fatty acids. The use of good quality feed in shrimp farming helps in improving the production volume and increase profit. In addition to this, optimal feed formulation is crucial to attain maximum nutrient retention by the shrimp. Shrimp feed is developed and tested by different nutritional experts before it is supplied to the market.
The North America shrimp feed market is being driven by several factors. The demand for shrimp is increasing rapidly in the region owing to its several health benefits, such as high protein content, omega-3, iodine and phosphorus. Moreover, due to rising levels of health consciousness among consumers, the demand for protein-rich seafood, such as shrimp, has witnessed strong growth in the region. Besides this, the need for ready-to-eat and easy-to-cook shrimp products is also increasing, which has catalyzed the volume production for high-quality shrimp feed. Furthermore, various forms of purified feed additives are being introduced in the market. These ingredients help in improving the growth and increase the production of shrimp across the region.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America shrimp feed market report, along with forecasts for growth at the regional and country level from 2021-2026. Our report has categorized the market based on type and ingredient.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Ingredient, Country|
|Countries Covered||United States, Canada|
|Customization Scope||10% Free Customization|
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