Shrimp Market Trends, Share, Global Size, Growth Analysis, 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 trends. 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 Seafood Consumption and Health Awareness:

The global shrimp market is experiencing substantial growth propelled by the increasing global demand for seafood, driven by a growing population and rising disposable incomes, particularly in developing economies. Shrimp is a popular seafood choice due to its versatility, nutritional value, and relatively affordable price compared to other premium seafood options. Furthermore, growing health awareness among consumers is contributing to the demand for lean protein sources like shrimp, which is low in fat and high in essential nutrients. This increasing consumer preference for seafood, coupled with the perceived health benefits of shrimp, is a key driver for market expansion.

Expansion of Aquaculture and Technological Advancements:

Aquaculture has emerged as a dominant force in shrimp production, playing a crucial role in meeting the escalating global demand. Technological advancements in shrimp farming techniques, including improved feed management, disease control, and water quality management, are enhancing productivity and sustainability in aquaculture operations. The ability to farm shrimp in controlled environments reduces reliance on wild catches, which are subject to environmental fluctuations and regulatory restrictions. Continuous innovation in aquaculture practices is enabling increased shrimp production efficiency and contributing significantly to the market's growth trajectory.

Evolving Consumer Preferences and Convenience Foods:

Changing consumer lifestyles and a preference for convenience foods are significantly influencing the global shrimp market. The demand for processed and ready-to-eat shrimp products, such as peeled and deveined shrimp, cooked shrimp, and shrimp-based meals, is steadily increasing. This trend is driven by busy lifestyles and a desire for quick and easy meal solutions. The food service industry also plays a vital role, with shrimp being a popular menu item in restaurants and catering services worldwide. The development of innovative and convenient shrimp products caters to these evolving consumer preferences and contributes to market growth.

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 global shrimp market is currently witnessing several significant trends that are shaping its future landscape. One notable trend is the increasing focus on sustainability and responsible sourcing. Consumers and regulatory bodies are increasingly concerned about the environmental and social impacts of shrimp farming and fishing practices. This is driving demand for sustainably certified shrimp and the adoption of eco-friendly aquaculture techniques. Another prominent trend is the growing demand for value-added shrimp products. Processors are increasingly offering innovative products such as marinated shrimp, breaded shrimp, and shrimp skewers to cater to consumer preferences for convenience and flavor variety. Furthermore, the market is experiencing a rise in online retail and e-commerce platforms for shrimp sales, expanding market reach and providing consumers with greater accessibility to a wider range of products. The emphasis on traceability and transparency throughout the supply chain is also gaining momentum, with consumers seeking more information about the origin and production of their shrimp.

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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