EXPLORING THE OPPORTUNITY FOR COLD-WATER SHRIMP

Use Case - Market Analysis 

Through interviews with 18 seafood industry experts and executives, we gathered insights on market perception, consumption, and trends for certain cold-water shrimp species in Europe, North America, and Asia. This research compiled a global outlook, identifying key biological and geographical factors impacting market performance.

The Client - Fisheries Association Commissions Shrimp Study

The client, a prominent Fishing Association representing key stakeholders in the northern commercial fishing industry, sought to comprehensively understand the market opportunities for cold-water shrimp species, with a particular focus on the Asian and European markets.

"Spheric’s work showed us exactly where the growth opportunities were as well as a few of the challenges and that helped us prioritize our sales and marketing efforts in a way that would create the greatest value for our members." - Client

Team

• 2 Project managers
• 1 Analyst
• 3 Researchers

Timeline

• 13 Weeks

Key Research Activities 

• In-depth interviews with high-level executives from major fishing and processing companies operating in the cold-water shrimp industry
• Comprehensive discussions with European and Asian stakeholders, including experts from Japan, China, Denmark, Norway, and Iceland
• Identification of the primary weaknesses and challenges associated with cold-water shrimp fishing and processing operations

If you would like to contact our team to discuss custom research you can do so here. We will reply within two business days. Our 2024 US Seafood Consumer Sentiment Report sample is available for download here.