Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 9

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 1
Chunk 9
---
 Indian countries. Indian shrimp imports account for almost
40% of total imports for both the EU and the U.S. While the U.S. has not expressed the same concern as the EU, the Food and Drug Administration
(the “FDA”) does follow closely the decisions of the EU on seafood imports. Any reduction in importation of Indian
shrimp to either the EU or U.S. will have dramatic effects on regional prices.10

Pacific Vannemei is the leading species of farm raised
shrimp and is the preferred shrimp in China, the U.S., and the EU.11
Head on/shell on (“HOSO”) are preferred in both China and the EU.

_____________________________

5
https://research.rabobank.com/far/en/documents/124852_Rabobank_Global-Seafood-Trade_Sharma-Nikolik_Oct2022.pdf

6
https://www.prnewswire.com/news-releases/global-shrimp-market-report-2023-sector-to-reach-69-35-billion-by-2028-at-a-6-7-cagr-301835697.html

7
https://siamcanadian.com/us-shrimp-imports-see-second-straightmonth-of-y-o-y-volume-value-declines-undercurrentnews/

8
https://www.globalseafood.org/advocate/with-growing-demand-for-sustainably-farmed-seafood-oman-tests-the-waters-with-shrimp-farming-in-the-desert/

9
https://www.fao.org/in-action/globefish/market-reports/resource-detail/en/c/1650814/

10
https://www.globalseafood.org/advocate/eu-antibiotics-india-shrimp/

11 https://www.globalseafood.org/advocate/annual-farmed-shrimp-production-survey-a-slight-decrease-in-production-reduction-in-2023-with-hopes-for-

renewed-growth-in-2024/

 7 

Major Producers: (According to Food & Agriculture
Organization of the United Nations): China, Thailand, Indonesia, Brazil, Ecuador, Mexico, Venezuela, Honduras, Guatemala, Nicaragua, Belize,
Viet Nam, Malaysia, Taiwan P.C., Pacific Islands, Peru, Colombia, Costa Rica, Panama, El Salvador, the United States of America, India,
Philippines, Cambodia, Suriname, Saint Kitts, Jamaica, Cuba, Dominican Republic, Bahamas.

Imports: Shrimp demand improved in the U.S.,