Shrimp Market Share, Growth Analysis, Industry Trends & 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:

Surging Global Consumption and Dietary Shifts:

The global shrimp market is experiencing robust growth propelled by increasing global consumption and evolving dietary preferences. Shrimp is a highly sought-after seafood due to its nutritional value, versatility in culinary applications, and relatively lower price point compared to other premium seafood options. Rising disposable incomes, particularly in developing economies, are enabling a larger population to include shrimp in their diets. Furthermore, growing awareness of the health benefits associated with seafood consumption, including shrimp's lean protein content and omega-3 fatty acids, is further fueling demand. This shift towards healthier eating habits and the increasing accessibility of shrimp through improved distribution channels are key drivers of market expansion.

Aquaculture Advancements and Production Efficiencies:

Aquaculture has become a cornerstone of the global shrimp supply, playing a crucial role in meeting the escalating demand. Continuous advancements in aquaculture technologies and farming practices are enhancing production efficiencies and mitigating the reliance on wild-caught shrimp. Innovations in feed formulations, disease management, and farming techniques are leading to higher yields and improved sustainability within the shrimp farming sector. The ability of aquaculture to provide a consistent and predictable supply of shrimp is critical in supporting the market's growth and ensuring its stability in the face of fluctuating wild catch volumes.

Increasing Demand for Processed and Value-Added Shrimp Products:

The demand for processed and value-added shrimp products is on the rise, reflecting changing consumer lifestyles and preferences for convenience. Consumers are increasingly seeking ready-to-cook, pre-packaged, and frozen shrimp options that offer ease of preparation and longer shelf life. This trend is driving innovation in the shrimp processing sector, with manufacturers developing a wide array of products such as peeled and deveined shrimp, breaded shrimp, and shrimp-based meals. The growth of the foodservice industry, with its demand for consistent and high-quality ingredients, also contributes significantly to the demand for processed shrimp 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.

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 witnessing several significant trends shaping its future. A prominent trend is the growing emphasis on sustainability and traceability within the supply chain. Consumers and regulatory bodies are increasingly concerned about the environmental impact of shrimp farming and fishing practices.

This is leading to a greater demand for sustainably sourced shrimp, certified by organizations promoting responsible aquaculture and fishing. Furthermore, advancements in traceability technologies, such as blockchain, are enhancing transparency and allowing consumers to track the origin and journey of their shrimp.

Another key trend is the increasing adoption of technology in shrimp farming. The integration of Internet of Things (IoT) devices, data analytics, and automation is improving farm management practices, optimizing feeding schedules, and enhancing disease monitoring. These technological advancements are contributing to increased efficiency, reduced costs, and improved sustainability in shrimp aquaculture. Additionally, the market is experiencing a growing demand for organic and antibiotic-free shrimp, reflecting a broader consumer trend towards healthier and more natural food options.

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 Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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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