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. 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 Demand from Health-Conscious Consumers Fueling Market Expansion:
Due to the increasing consumer preference for shrimp and shellfish intake, there is a strong improve to the global shrimp market recently witnessed. The expanding concern of overweight and lifestyle related diseases has increased the consumption range shifting away from red meat towards healthier options like shrimp. Omega-3 fatty acids and essential amino/ vitamins are also founding in shrimps which enhances its recruitment as a regular protein source especially among people who are more picky about food in North America, Europe, and in Asian countries. Furthermore, adoption of clean-label and sustainably harvested products strengthened confidence and encouraged higher adoption rates while boosting the growth rate worldwide . Additionally, lately adopted trends of pescetarianismist diets on top of keto and paleo plans have motivated creation to seafood - hence elevating their demand across developed markets over rest of the world. Operators started taking advantage if these new shifting diets with their new ready-to-cook organic antibacterial free shrimp disguise leading its sales through food stores while servitive operators do mind offering ready to cook meals. This trend serves looking towards long-term penetration into further global markets.
Technological Advancements in Aquaculture Boosting Supply Chain Efficiency:
Recent inventions in shrimp aquaculture are improving productivity, enhancing disease control measures, and increasing sustainability. Important advancements like biofloc technology (BFT), recirculating aquaculture systems (RAS), and further development of selective breeding programs are now yielding greater output per hectare alongside lowering the environmental footprint by reducing reliance on wild catch. Shrimp farming corporations are utilizing IoT-based monitoring systems, AI-driven feeding automation, and real-time analytics on water quality parameters to sharpen the shrimp growth cycle as well as increase traceability throughout the entire process. These changes not only boost profits for producers but also resolve many problems related to ecological sustainability, biosecurity, and disease control. In addition to these shift in subsidy policies and regulatory frameworks in emerging markets such as India, Vietnam, and Indonesia is sponsoring the hike in infrastructure modernization for shrimp farming. With increased digitization globally alongside more efficient supply chains from technological developments aimed at meeting demand without sacrificing quality or sustainability maintained standards, these interventions should be ready by then.
Expanding Global Trade and Market Access Driving Shrimp Exports:
An increase in seafood imports and more open trade policies globally is expected to accelerate frozen and processed shrimp acceptance. Tier one economies such as India, Ecuador, and Thailand are key exporters due to the increased preference for their shrimp processing facilities. Powerful importers like the European Union countries, Japan, China, and the USA continue to enforce their markets thanks to availability at any given time of the year. Exporters also benefit from increased profit due to vended products like readymade shrimp that add value to basic products through peeling, deveining, marination medicines infusion, or precooking. Further compliance with international standards has made it easier for shrimp exporters to access essential markets too. In addition BAP or ASC certifications add greater market demand post-fulfillment. The recent growth of ecommerce platforms catering seafood shrimps delivery aids along with improved cold chain logistics advanced distribution globally making them a transformative factor that rewrites the dynamic trends for shrimps all around the world.
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 shrimp market is shifting due to growing consumer desire for sustainable, traceable, and convenience-oriented seafood. Put plainly, consumers want nutrition paired with effortless preparation; thus, food companies are innovating with pre-seasoned microwavable and premium frozen shrimp. Furthermore, sustainability is now key in market evolution as buyers and regulators prioritize climate-friendly aquaculture practices while enforcing sourcing transparency.
The digitization of supply chains through blockchain technology and AI-enabled traceability systems is gaining ground in producing countries. At the same time, geopolitical changes coupled with new trade agreements influence export strategies, emphasizing regional diversification. All these shifts along with enhanced operational efficiency bolster the ongoing consumption trends advancing automation alongside ai addoptation to reshape the future trajectory of industry.
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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