Shrimp Market Report, Trends, Share, Industry Insights, 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 report. 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:

Increasing Global Demand for Seafood and Protein:

In the past few years, the value of the global shrimp market has increased as a result of the more seafood consumption as a source of food and protein. It has been noted that shrimp has now become an important international trade good all over the world. This growth is further supported by an increasing population around the world, especially in emerging economies. The appreciation of shrimp goes beyond various cultures leveling up its intake all over the world from being an appetizer to a main dish which increases the market value.

Expansion of Aquaculture and Technological Advancements:

Aquaculture is currently one of the most efficient ways to meet the globally increasing need for shrimp, and overcomes the challenge faced by wild caught shrimp. Adoption of new technologies in shrimp farming has led to better yields, the development of reliable bio secured systems, and better monitoring of the water quality have also elevated the efficiency of production. These improvements in shrimp production will help support the growing concern for environment and standardize the reliable supply needed. This progress in aquaculture technology is going to be very important in sustaining the growing demand.

Evolving Consumer Preferences and Value-Added Products:

Alongside accessibility, convenience, and value, preferences are shifting toward sustainable shrimp products. Shrimp that is peeled, deveined, marinated, or incorporated into dishes, is increasingly sold as “Ready to Cook”. Consumers tend to prefer these value-added shrimp products because they require little to no preparation. In addition, there is growing concern among consumers related to ethical practices of sustainable sourcing. This is increasing the demand for certified sustainable shrimp. Such changes in consumer preferences are prompting marketers to expand the range of sustainably sourced shrimp products, thereby adding greater value to these products.

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.

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Global Shrimp Market Trends:

Several noteworthy shifts are taking place in the global shrimp market which will redefine its future. One such shift is the heightened attention given to sustainability and the need for shrimp supply chain traceability. There is growing accessibility shrink packaging which increases transparency for consumers, and there are higher demands from regulatory entities concerning the methods used to obtain and process shrimp products. These changes are resulting in the adoption of blockchain technology alongside other traceability features. Eco-friendly aquaculture practices and certifications are emerging as a new focus area by retailers to meet sustainability requirements.

Another important trend is the increasing consumption of processed and value-added shrimp products. Driven by the expansion of urban centers and hectic schedules, people increasingly prefer convenient meal options, thus enhancing the demand for ready-to-eat shrimp, including frozen, peeled, cooked, and marinated varieties. Moreover, there is a growing online retail and e-commerce market, which increases consumer access to a wider range of shrimp products as well as facilitates direct-to-consumer sales. There is also an increase in the development of new packaging technologies that improve shelf life and product quality.

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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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