Global Shrimp Forum

The Global Shrimp Forum Foundation (GSFF) has released a comprehensive new study: Attitudes and Behaviors of U.S. Consumers Regarding Shrimp. This report provides key insights into consumer preferences, purchasing habits, and market trends—valuable for producers, retailers, and industry stakeholders looking to drive #shrimp #consumption. Download the full report for free: https://lnkd.in/gvAxjiNw The study was conducted by Arnd Jan Gulmans, with consumer research by Spheric Research. Funded by the financial surplus of GSF 2023, it serves as a strategic resource for promoting shrimp in the U.S. and beyond. #shrimp #seafood #consumption

For more than three decades, GRUPO CONFREMARCA has played a vital role in Venezuela’s #shrimp industry, building strong partnerships with producers and international buyers. With a steadfast commitment to quality, reliability, and long-term relationships, Confremarca has helped elevate Venezuela’s position in global shrimp trade. As a sponsor of GSF 2025, Confremarca brings valuable perspective to key conversations on market dynamics, trade flows, and the future of sustainable shrimp production. We’re grateful for their continued support and engagement. You can find all of this year’s sponsors at: https://lnkd.in/gXzEi_SJ #GSF2025sponsors #GSF2025 #GlobalShrimpForum #shrimp #aquaculture #fisheries #seafood

Although it's a bit early to speculate, it's clear that #Trump's reciprocal tariffs create unequal competitive advantages among major #shrimp suppliers to the #USA. In this Shrimp Byte, I provide an overview of combined AD, CVD, and #Reciprocal #Tariffs for countries that supply shrimp to the US. Here are just a few first thoughts to consider about the impact of tariffs on the competitive landscape within the US shrimp market:  - It’s unclear how tariff negotiations will unfold. One central question is whether negotiations will reduce universal tariffs or result in a shift from universal to commodity-based tariffs. - If tariffs remain unchanged, Ecuador and several smaller producers such as Argentina, Honduras, Mexico, Guatemala, Peru, and Saudi Arabia have a competitive advantage over most Asian countries. They may take advantage of the situation and gain market share. - India is relatively advantageous in Asia compared to other major suppliers such as Indonesia, Thailand, and Vietnam. It may aim to take market share in product segments that Latin American producers are not ready to supply. Indonesia, Vietnam, and Thailand will face difficult times regarding their US business. - Smaller Asian suppliers such as Bangladesh and Sri Lanka are even more severely affected and will likely have difficulty continuing business with the US. - Domestic shrimp farmers and fishers in the US may increase production and market shares as they will be much more competitive than before. However, they are unlikely to replace much of the total shrimp consumption as many production constraints are beyond price competitiveness. - As it is likely that shrimp prices in the US will increase if tariffs remain in place, what will be the impact on consumption? How price sensitive is shrimp consumption? What proteins will consumers shift to if shrimp becomes too expensive? What will this mean for overall shrimp consumption in the US? Angel Rubio at Urner Barry will have lots to say about this. Read the whole byte: https://lnkd.in/ehHEBxCU Subscribe to Shrimp Insights: https://lnkd.in/dTwgBvzM Shrimp Bytes deliver insights into the shrimp industry in a ready-to-eat, easy-to-digest form. Thank you to our partners for making it possible: Bioiberica, dsm-firmenich Animal Nutrition & Health, Fisherman's Choice, I&V Bio group, INVE Aquaculture, Megasupply, OMARSA S.A., Shrimp Welfare Project, The Waterbase Limited, Wanaka Seafood

For decades, Chicken of the Sea, Avanti Feeds Ltd, and Thai Union Group PCL. have been key players in the global shrimp industry, driving advancements in responsible sourcing, sustainable feed, and market development. Thai Union, a leader in global seafood, and Avanti Feeds, a major force in shrimp nutrition, work closely to support farmers and enhance supply chain efficiency. Their combined expertise is reflected in Chicken of the Sea’s strong presence in the U.S. market. As sponsors of GSF 2025, they continue to contribute to the industry’s future, and we appreciate their support in fostering meaningful discussions on sustainable growth and innovation. You can find all of this year’s sponsors at: https://lnkd.in/gXzEi_SJ #GSF2025sponsors #GSF2025 #GlobalShrimpForum #shrimp #aquaculture #fisheries #seafood

Although it's a bit early to speculate, it's clear that #Trump's reciprocal tariffs create unequal competitive advantages among major #shrimp suppliers to the #USA. In this Shrimp Byte, I provide an overview of combined AD, CVD, and #Reciprocal #Tariffs for countries that supply shrimp to the US. Here are just a few first thoughts to consider about the impact of tariffs on the competitive landscape within the US shrimp market:  - It’s unclear how tariff negotiations will unfold. One central question is whether negotiations will reduce universal tariffs or result in a shift from universal to commodity-based tariffs. - If tariffs remain unchanged, Ecuador and several smaller producers such as Argentina, Honduras, Mexico, Guatemala, Peru, and Saudi Arabia have a competitive advantage over most Asian countries. They may take advantage of the situation and gain market share. - India is relatively advantageous in Asia compared to other major suppliers such as Indonesia, Thailand, and Vietnam. It may aim to take market share in product segments that Latin American producers are not ready to supply. Indonesia, Vietnam, and Thailand will face difficult times regarding their US business. - Smaller Asian suppliers such as Bangladesh and Sri Lanka are even more severely affected and will likely have difficulty continuing business with the US. - Domestic shrimp farmers and fishers in the US may increase production and market shares as they will be much more competitive than before. However, they are unlikely to replace much of the total shrimp consumption as many production constraints are beyond price competitiveness. - As it is likely that shrimp prices in the US will increase if tariffs remain in place, what will be the impact on consumption? How price sensitive is shrimp consumption? What proteins will consumers shift to if shrimp becomes too expensive? What will this mean for overall shrimp consumption in the US? Angel Rubio at Urner Barry will have lots to say about this. Read the whole byte: https://lnkd.in/ehHEBxCU Subscribe to Shrimp Insights: https://lnkd.in/dTwgBvzM Shrimp Bytes deliver insights into the shrimp industry in a ready-to-eat, easy-to-digest form. Thank you to our partners for making it possible: Bioiberica, dsm-firmenich Animal Nutrition & Health, Fisherman's Choice, I&V Bio group, INVE Aquaculture, Megasupply, OMARSA S.A., Shrimp Welfare Project, The Waterbase Limited, Wanaka Seafood

📢 Only one month left for Early Bird registration! Secure your place at Global Shrimp Forum 2025 before prices go up. Register by 1 May to take advantage of reduced rates and join the industry’s most influential gathering. Don’t miss this opportunity to connect with top executives, gain market insights, and shape the future of the shrimp industry. Register now: https://lnkd.in/dPEq5XGU #GSF2025 #GlobalShrimpForum #shrimp #seafood #aquaculture #fisheries

Just released the Shrimp Insights 2024 #Shrimp Trade Statistics Report. This 100-slide deck is definitely the most comprehensive statistical overview of shrimp imports and exports. It provides historical long-term trends and more detailed insights in statistics of the past four years. Download your free copy here: https://lnkd.in/e5BU2GaZ My main takeaways from doing this insight: 🚢 While Ecuador's exports were flat, and India's exports slightly increased, after a strong drop in exports in 2023, Vietnam managed to rebound exports in 2024. Indonesia's exports fell again, but in the second half of the year the bottom seemed to have been reached and exports started to record year on year growth. 📉 While the big four performed not too bad, especially in the second half of 2024, many of the smaller producers have seen their exports fall further. This is the case for countries such as Honduras, Peru and Guatemala in South America and countries such as Sri Lanka and Bangladesh in Asia. 🍤 With weak demand from China and the US (especially in the first half of 2024), other markets had to absorb a lot more shrimp. This clearly succeeded as statistics show growth of imports in practically every other market such as the EU, Japan, South Korea, Taiwan, the UK and Canada. 🔮 With Ecuador and India managing to maintain their market shares in the raw HOSO, HLSO, and peeled markets, Vietnam and Indonesia are pushed further into focusing on their competitive edge in value-added processing capacity. However, it will only be a matter of time until Ecuador and India increasingly compete for market share for these product categories. Vietnam and Indonesia, therefore, have a strong incentive to also focus on developing the domestic market and becoming less dependent on exports. 🎖️ I strongly believe we should not look at countries that will win or lose in their thrive to maintain their position in the shrimp industry. We should rather look at the company level. In each country, those companies who stay ahead of the curve and pivot their business into the right direction and ensure they are reliable business partners will be the industry's future champions. Shrimp Insights is sponsored by: Bioiberica, dsm-firmenich Animal Nutrition & Health, Fisherman's Choice, I&V Bio group, INVE Aquaculture, Megasupply, OMARSA S.A., Shrimp Welfare Project, The Waterbase Limited, and Wanaka Seafood.

With decades of experience in aquaculture, Cargill has played a key role in shaping #shrimp nutrition through research-driven feed solutions. Since entering the sector in the 1980s, they have continued to innovate, helping farmers improve efficiency, animal health, and sustainability. As a sponsor of GSF 2025, they remain actively engaged in industry discussions, and we appreciate their support as we explore the future of shrimp farming together. You can find all of this year’s sponsors at: https://lnkd.in/gXzEi_SJ #GSF2025sponsors #GSF2025 #GlobalShrimpForum #shrimp #aquaculture #fisheries #seafood

Our recent report, Attitudes and Behavior of US Consumers Regarding Shrimp, explores the key drivers and barriers to #shrimp consumption. What do you think will have the biggest impact on increasing consumption? Vote in the poll below. Download the full report for free on the Global Shrimp Forum website: https://lnkd.in/gvAxjiNw #GSFreport #shrimp #seafood #consumption

Following the publication of the GSFF’s comprehensive new study Attitudes and Behaviors of U.S. Consumers Regarding Shrimp, the report’s author, Arnd Jan Gulmans, presented the key findings, shedding light on consumer preferences, purchasing habits, and emerging trends in the U.S. #shrimp market. His presentation was followed by a discussion with Allan Cooper, Business & Value Creation Director at Vitapro S.A., and Miguel Barcenas, who leads the U.S. shrimp promotion campaign for the Global Shrimp Council, to further unpack the insights and explore their implications for the industry. If you want to hear from some of the most knowledgeable voices on the subject, you can catch up on Arnd Jan’s presentation and his conversation with Allan and Miguel below: https://lnkd.in/gHXpsCwk You can download the full report for free from the GSF website: https://lnkd.in/gvAxjiNw #shrimp #consumption #seafood #GlobalShrimpForum