Shrimp Market Share, Global Size, Growth Opportunity 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 share. 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:

Growing Global Seafood Consumption and Nutritional Value:

The international shrimp market is growing strongly, led by the growth in global demand for seafood. Shrimp is known to be a very nutritious food, with high protein, omega-3 fatty acid, and mineral content, which is making it increasingly popular among health-oriented consumers globally. As disposable incomes increase and health awareness of seafood improves, especially in emerging economies, demand for shrimp as a healthy and versatile meal choice keeps growing. This shifting consumer trend towards seafood, along with the versatility of shrimp to suit many different cuisines, is a major growth driver.

Advances in Aquaculture and Sustainable Methods:

Aquaculture has become an important consideration in addressing the growing worldwide demand for shrimp, making up for wild-caught supplies. Advances in the technology behind shrimp farming have resulted in enhanced yields and efficiency. In addition, sustainable aquaculture practices are becoming increasingly important to help prevent environmental degradation and secure the long-term sustainability of shrimp farming. Efforts toward disease management, responsible feed sourcing, and reducing ecological footprints are becoming more popular, helping to meet consumer and regulatory needs for sustainability. Advances in aquaculture technology and the use of responsible farming practices are important to maintaining the growth of the shrimp market.

Shifting Consumer Trends and Convenience Foods:

Changing lifestyles of consumers and growing demand for convenience foods are major drivers of the global shrimp market. Hectic lifestyles and demand for convenient, ready-to-eat and ready-to-cook meals have promoted an upswing in demand for processed shrimp items, including deveined and peeled shrimp, breaded shrimp, and shrimp snack foods. Having shrimp in all the different forms of convenience responds to the needs of time-scarce customers, propelling market growth. Additionally, changing food trends and the increasing popularity of global cuisines have raised the demand for varied shrimp preparations and flavors, which has added to market dynamism.

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:

The world shrimp market is today experiencing some of the most notable trends which are defining its future direction. One of the most notable trends is the rising emphasis on value-added products and diversification of products. The processors are putting their money in creating a variety of shrimp products with convenience value and meeting niche consumer demands like marinated shrimp, shrimp skewers, and high-end shrimp products. The emphasis on value addition increases profitability and widens the market reach.

One of the other major trends is the increasing use of traceability technologies along the supply chain. Consumers and regulators are increasingly expecting information on the origin and processing of seafood. Blockchain and other tracing systems are being used to give consumers precise information on the journey of their shrimp, from farm or boat to plate, building confidence and guaranteeing product authenticity. In addition, there is an increasing focus on organic and sustainably certified shrimp products, as consumers become increasingly aware and demand environmentally and ethically sourced seafood. This trend is stimulating producers to implement more sustainable farming and fishing methods.

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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