BioMar Acquires Ecuadorian Shrimp Feed Manufacturer Alimentsa

3 schouw+co Ecuadorian shrimp farming Shrimp industry in Ecuador ■ With about 450kt shrimp produced in 2016, Ecuador is among the global Top 5 shrimp producing countries ■ About 95% of production is white-leg shrimp (Vannamei) Ecuadorian shrimp are positioned as high-end products ■ The majority of the production is exported (US, EU, Asia) ■ Ecuador has optimal biological conditions for shrimp farming with up to three production cycles per year ■ ◉ Farming densities in Ecuador are low compared to e.g. Asian shrimp farming Significant potential for growth in Ecuadorian shrimp industry; 8-12% annual growth expected in the coming years ■ The feed industry is led by four major players representing about 75% of the market ■ Both the farming industry and the feed industry have historically been profitable Shrimp farming areas in Ecuador Santa Elena About 2/3 of Ecuador's shrimp production is located in the Guayas region Carchi Sucumbíos Esmeraldas Imbabura Pichincha Santo Domingo de los Tchilas Napo Orellana Manabi Alimentsa location Tunguraha Pastaza Guayas Chimborazo El Oro Loja Cañar Morona Santiago Azuay Zamora Chinchipe

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