Shrimp Market Growth, Trends, Share, Key Players, and Forecast 2025-2033

According to the latest report by IMARC Group, titled “Shrimp Market Size, Share, Trends and Forecast by Environment, Species, Shrimp Size, Distribution Channel, and Region, 2025-2033”, offers a comprehensive analysis of the global shrimp market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

How Big is the Shrimp Market?

The global shrimp market size was valued at USD 71.87 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 105.35 Billion by 2033, exhibiting a CAGR of 3.90% from 2025-2033.

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Global Shrimp Market Dynamics:

Rising Global Demand and Changing Consumption Trends:

The global shrimp market is witnessing strong growth, driven mainly by rising seafood consumption globally and changing dietary trends. Shrimp is a very popular seafood commodity because of its nutritional benefits, culinary versatility, and desirable flavor. The increasing world population, combined with growing disposable incomes, especially in emerging economies, is fueling greater demand for shrimp through all consumption channels, such as retail, foodservice, and processing industries. Additionally, shifting consumer trends towards healthy protein sources and seafood-based diets are playing an important role in the growth of the market. The versatility of shrimp to various cuisines and its use in different processed food products further enhances its global demand.

Expansion of Aquaculture and Technological Improvements:

Aquaculture, or shrimp cultivation, is the key to satisfying the growing global demand for shrimp. Natural and regulatory limitations constrain wild-caught shrimp supplies, and aquaculture is becoming a progressively important source. Improvements in shrimp farming technology, including better breeding methods, disease control, and feed efficiency, are increasing the efficiency and sustainability of production. The evolution of intensive and semi-intensive farming systems enables greater yields and greater control over production, which makes a major contribution to overall market supply. Further, advancements in processing and preservation technology are making shrimp products available in a variety of forms, meeting varied consumer demands and preferences in different geographies.

Growing Emphasis on Sustainability and Traceability:

Rising environmental issues and growing consumer awareness about sustainable seafood sourcing are strongly impacting the global shrimp market. Habitat loss, bycatch, and disease outbreaks in shrimp farming have resulted in increased focus on sustainable aquaculture practices and responsible wild-caught fisheries management. Consumers are increasingly looking for traceable and certified sustainable shrimp products, leading to the implementation of eco-friendly farming practices and supply chain transparency measures. Certifications from sustainable seafood promotion organizations and adoption of traceability systems that enable consumers to trace the source of their shrimp are becoming major market drivers. This emphasis on sustainability and traceability is driving production behaviors and consumer purchases in the shrimp market.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Shrimp Market are Given Below:

The Shrimp Market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Apex Frozen Foods Ltd.

• Aqua Star (Admiralty Island Fisheries Inc.)

• Charoen Pokphand Foods PCL

• Grand Ocean Seafoods Co. Ltd.

• Grupo Ibérica Congelados S.A.

• Liveris Afentoulis & Co.

• Mazzetta Company LLC 

• Nordic Seafood A/S (Nippon Suisan Kaisha Ltd.)

• Ocean More Foods Co. Ltd. 

• Pacific Seafood 

• Seaprimexco Vietnam 

• Thai Union Group PCL.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/prefeasibility-report-shrimp-processing-plant

Global Shrimp Market Trends:

The global shrimp market is experiencing some major trends that are defining its future. The trendiest trend is the growing call for value-added shrimp products like peeled and deveined shrimp, cooked shrimp, and ready meal-based shrimp products. This trend is fueled by the increasing tendency for convenience food consumption and by women's expanding roles in the labor force, with a concomitant rising demand for quick-to-prepare meal solutions. The other dominant trend is the expanding use of e-commerce sites as a conduit for seafood distribution. E-retailers are extending their offerings of fresh and frozen shrimp, enhancing consumers' convenience and accessibility in the purchase of seafood products.

In addition, there is an increasing emphasis on product diversification, as new shrimp species and value-added product forms are introduced to meet changing consumer preferences and tastes. The market is also witnessing growing investment in research and development to enhance shrimp farming technology, increase disease resistance, and create sustainable aquaculture practices, making the industry viable in the long term.

Shrimp Market Report Segmentation:

Breakup by Environment:

• Farmed Shrimp

• Wild Shrimp

Breakup by Species:

• Penaeus Vannamei

• Penaeus Monodon

• Macrobrachium Rosenbergii

• Others

Breakup by Shrimp Size:

• <21 

• 21-25

• 26-30

• 31-40

• 41-50

• 51-60

• 61-70

• >70

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets

• Convenience Stores

• Hotels and Restaurants

• Online Sales

• Others

Regional Insights:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance

• Market Outlook 

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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