Feed Grade Shrimp Meal Market Expected to Reach US$ 146.2 Million by 2030, Driving Growth in Animal Nutrition

LOS ANGELES, United States: The global Feed Grade Shrimp Meal Market is expected to experience significant growth over the coming years, driven by increasing demand for high-protein feed in aquaculture, poultry, and pet food industries. Shrimp meal, derived from the byproducts of shrimp processing, has gained prominence as a nutrient-rich ingredient in animal feed, offering essential amino acids and valuable nutrients for growth and development.

According to the new market research report "Global Feed Grade Shrimp Meal Market Report 2024-2030", published by QYResearch, the global Feed Grade Shrimp Meal market size is projected to grow from USD 128.8 million in 2023 to USD 146.2 million by 2030, at a CAGR of 2.26% during the forecast period.

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Shrimp meal or shrimp waste meal is the undecomposed ground dried waste of shrimp. There are several types of shrimp meal on the market depending on the kind of raw material used. It can contain whole shrimps and/or shrimp parts such as the heads or shells. Shrimp meal may also be made of fresh water shrimps.

This growth is attributed to the rising global consumption of seafood, advancements in aquaculture practices, and a shift towards sustainable, nutrient-dense feed options for animals. Additionally, the growing popularity of organic and natural pet food formulations is also contributing to the expansion of the shrimp meal market.

According to QYResearch Top Players Research Center, the global key manufacturers of Feed Grade Shrimp Meal include Marealis, Symrise Aqua Feed, etc. In 2023, the global top three players had a share approximately 11.5% in terms of revenue.

Key Drivers of Growth in the Feed Grade Shrimp Meal Market

(1) Aquaculture Expansion: The booming global aquaculture industry, particularly in Asia-Pacific, is fueling the demand for high-quality feed, including shrimp meal, to ensure optimal fish health and growth.

(2) Sustainable Animal Feed Solutions: Shrimp meal offers an eco-friendly alternative to traditional animal feed sources, making it an attractive option for sustainable farming practices.

(3) Nutritional Benefits: Rich in protein, omega-3 fatty acids, and essential minerals, shrimp meal supports optimal growth and immune health in livestock, making it a sought-after ingredient for commercial feed production.

Regional Analysis and Market Outlook

North America and Europe are witnessing steady growth in demand for feed grade shrimp meal, primarily driven by the increasing popularity of high-protein feeds for pets and aquaculture. However, the Asia-Pacific region remains the largest market for shrimp meal, thanks to its dominance in global shrimp production and aquaculture farming.

Detauils of Feed Grade Shrimp Meal Market Segmentation:-

Segment by Region-

North America
Europe
Asia Pacific
South America
Middle East and Africa

Segment by Type-

Shrimp Byproduct Meal
Whole Shrimp Meal

Segment by Application-

Aquaculture
Pets
Others

While the Feed Grade Shrimp Meal Market continues to expand, there are challenges related to price volatility, supply chain disruptions, and sustainable sourcing practices. However, companies that invest in innovative processing techniques, as well as sustainable and traceable sourcing models, are well-positioned to capitalize on the growing demand.

Leading companies in the feed grade shrimp meal market report include: Seagarden, Marealis, Prohalca, Symrise Aqua Feed, Zhejiang Yifeng Marine Biological Products

The Feed Grade Shrimp Meal Market is poised for substantial growth, driven by its rising popularity in aquaculture and livestock feed industries. As demand for sustainable, high-quality animal feed ingredients continues to grow, shrimp meal offers a promising solution for addressing global food security and nutrition needs.

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Table of Contents

1 Feed Grade Shrimp Meal Market Overview 1
1.1 Product Definition 1
1.2 Feed Grade Shrimp Meal by Type 1
1.2.1 Global Feed Grade Shrimp Meal Market Value Growth Rate Analysis by Type: 2023 VS 2030 2
1.2.2 Shrimp Byproduct Meal 3
1.2.3 Whole Shrimp Meal 4
1.3 Feed Grade Shrimp Meal by Application 4
1.3.1 Global Feed Grade Shrimp Meal Market Value Growth Rate Analysis by Application: 2023 VS 2030 5
1.3.2 Aquaculture 6
1.3.3 Pets 7
1.3.4 Others 8
1.4 Global Market Growth Prospects 8
1.4.1 Global Feed Grade Shrimp Meal Production Value Estimates and Forecasts (2019-2030) 8
1.4.2 Global Feed Grade Shrimp Meal Production Capacity Estimates and Forecasts (2019-2030) 10
1.4.3 Global Feed Grade Shrimp Meal Production Estimates and Forecasts (2019-2030) 10
1.4.4 Global Feed Grade Shrimp Meal Market Average Price Estimates and Forecasts (2019-2030) 11
1.5 Assumptions and Limitations 12

2 Market Competition by Manufacturers 14
2.1 Global Feed Grade Shrimp Meal Production Market Share by Manufacturers (2019-2024) 14
2.2 Global Feed Grade Shrimp Meal Production Value Market Share by Manufacturers (2019-2024) 16
2.3 Global Key Players of Feed Grade Shrimp Meal, Industry Ranking, 2022 VS 2023 18
2.4 Global Feed Grade Shrimp Meal Market Share by Company Type (Tier 1, Tier 2, and Tier 3) 18
2.5 Global Feed Grade Shrimp Meal Average Price by Manufacturers (2019-2024) 19
2.6 Global Key Manufacturers of Feed Grade Shrimp Meal, Manufacturing Base Distribution and Headquarters 20
2.7 Global Key Manufacturers of Feed Grade Shrimp Meal, Product Offered and Application 20
2.8 Global Key Manufacturers of Feed Grade Shrimp Meal, Establish Date 21
2.9 Feed Grade Shrimp Meal Market Competitive Situation and Trends 21
2.9.1 Feed Grade Shrimp Meal Market Concentration Rate 21
2.9.2 Global 3 and 5 Largest Feed Grade Shrimp Meal Players Market Share by Revenue 23
2.10 Mergers & Acquisitions, Expansion 24

3 Feed Grade Shrimp Meal Production by Region 25
3.1 Global Feed Grade Shrimp Meal Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030 25
3.2 Global Feed Grade Shrimp Meal Production Value by Region (2019-2030) 27
3.2.1 Global Feed Grade Shrimp Meal Production Value Market Share by Region (2019-2024) 27
3.2.2 Global Forecasted Production Value of Feed Grade Shrimp Meal by Region (2025-2030) 28
3.3 Global Feed Grade Shrimp Meal Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030 29
3.4 Global Feed Grade Shrimp Meal Production by Region (2019-2030) 30
3.4.1 Global Feed Grade Shrimp Meal Production Market Share by Region (2019-2024) 30
3.4.2 Global Forecasted Production of Feed Grade Shrimp Meal by Region (2025-2030) 31
3.5 Global Feed Grade Shrimp Meal Market Price Analysis by Region (2019-2024) 32
3.6 Global Feed Grade Shrimp Meal Production and Value, Year-over-Year Growth 32
3.6.1 China Feed Grade Shrimp Meal Production Value Estimates and Forecasts (2019-2030) 32
3.6.2 Southeast Asia Feed Grade Shrimp Meal Production Value Estimates and Forecasts (2019-2030) 33
3.6.3 South America Feed Grade Shrimp Meal Production Value Estimates and Forecasts (2019-2030) 34
3.6.4 India Feed Grade Shrimp Meal Production Value Estimates and Forecasts (2019-2030) 35

4 Feed Grade Shrimp Meal Consumption by Region 37
4.1 Global Feed Grade Shrimp Meal Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030 37
4.2 Global Feed Grade Shrimp Meal Consumption by Region (2019-2030) 39
4.2.1 Global Feed Grade Shrimp Meal Consumption by Region (2019-2030) 39
4.2.2 Global Feed Grade Shrimp Meal Forecasted Consumption by Region (2025-2030) 39
4.3 North America 40
4.3.1 North America Feed Grade Shrimp Meal Consumption Growth Rate by Country: 2019 VS 2023 VS 2030 41
4.3.2 North America Feed Grade Shrimp Meal Consumption by Country (2019-2030) 41
4.3.3 U.S. 42
4.3.4 Canada 43
4.4 Europe 44
4.4.1 Europe Feed Grade Shrimp Meal Consumption Growth Rate by Country: 2019 VS 2023 VS 2030 44
4.4.2 Europe Feed Grade Shrimp Meal Consumption by Country (2019-2030) 45
4.4.3 Germany 46
4.4.4 U.K. 47
4.4.5 France 47
4.4.6 Russia 48
4.4.7 Italy 49
4.5 Asia Pacific 50
4.5.1 Asia Pacific Feed Grade Shrimp Meal Consumption Growth Rate by Country: 2019 VS 2023 VS 2030 50
4.5.2 Asia Pacific Feed Grade Shrimp Meal Consumption by Region (2019-2030) 51
4.5.3 China 52
4.5.4 Japan 53
4.5.5 South Korea 54
4.5.6 India 55
4.5.7 Southeast Asia 56
4.6 Latin America, Middle East & Africa 57
4.6.1 Latin America, Middle East & Africa Feed Grade Shrimp Meal Consumption Growth Rate by Country: 2019 VS 2023 VS 2030 57
4.6.2 Latin America, Middle East & Africa Feed Grade Shrimp Meal Consumption by Country (2019-2030) 58
4.6.3 Mexico 59
4.6.4 Brazil 60
4.6.5 Turkey 61
4.6.6 GCC Countries 62

5 Segment by Type 63
5.1 Global Feed Grade Shrimp Meal Production by Type (2019-2030) 63
5.1.1 Global Feed Grade Shrimp Meal Production by Type (2019-2024) 63
5.1.2 Global Feed Grade Shrimp Meal Production by Type (2025-2030) 63
5.1.3 Global Feed Grade Shrimp Meal Production Market Share by Type (2019-2030) 63
5.2 Global Feed Grade Shrimp Meal Production Value by Type (2019-2030) 64
5.2.1 Global Feed Grade Shrimp Meal Production Value by Type (2019-2024) 64
5.2.2 Global Feed Grade Shrimp Meal Production Value by Type (2025-2030) 65
5.2.3 Global Feed Grade Shrimp Meal Production Value Market Share by Type (2019-2030) 65
5.3 Global Feed Grade Shrimp Meal Price by Type (2019-2030) 66

6 Segment by Application 68
6.1 Global Feed Grade Shrimp Meal Production by Application (2019-2030) 68
6.1.1 Global Feed Grade Shrimp Meal Production by Application (2019-2024) 68
6.1.2 Global Feed Grade Shrimp Meal Production by Application (2025-2030) 68
6.1.3 Global Feed Grade Shrimp Meal Production Market Share by Application (2019-2030) 68
6.2 Global Feed Grade Shrimp Meal Production Value by Application (2019-2030) 70
6.2.1 Global Feed Grade Shrimp Meal Production Value by Application (2019-2024) 70
6.2.2 Global Feed Grade Shrimp Meal Production Value by Application (2025-2030) 70
6.2.3 Global Feed Grade Shrimp Meal Production Value Market Share by Application (2019-2030) 70
6.3 Global Feed Grade Shrimp Meal Price by Application (2019-2030) 72

7 Key Companies Profiled 73
7.1 Seagarden 73
7.1.1 Seagarden Feed Grade Shrimp Meal Company Information 73
7.1.2 Seagarden Feed Grade Shrimp Meal Product Portfolio 73
7.1.3 Seagarden Feed Grade Shrimp Meal Production, Value, Price and Gross Margin (2019-2024) 74
7.1.4 Seagarden Main Business and Markets Served 74
7.2 Marealis 75
7.2.1 Marealis Feed Grade Shrimp Meal Company Information 75
7.2.2 Marealis Feed Grade Shrimp Meal Product Portfolio 76
7.2.3 Marealis Feed Grade Shrimp Meal Production, Value, Price and Gross Margin (2019-2024) 76
7.2.4 Marealis Main Business and Markets Served 77
7.3 Prohalca 77
7.3.1 Prohalca Feed Grade Shrimp Meal Company Information 77
7.3.2 Prohalca Feed Grade Shrimp Meal Product Portfolio 78
7.3.3 Prohalca Feed Grade Shrimp Meal Production, Value, Price and Gross Margin (2019-2024) 78
7.3.4 Prohalca Main Business and Markets Served 78
7.4 Symrise Aqua Feed 79
7.4.1 Symrise Aqua Feed Feed Grade Shrimp Meal Company Information 79
7.4.2 Symrise Aqua Feed Feed Grade Shrimp Meal Product Portfolio 79
7.4.3 Symrise Aqua Feed Feed Grade Shrimp Meal Production, Value, Price and Gross Margin (2019-2024) 80
7.4.4 Symrise Aqua Feed Main Business and Markets Served 81
7.5 Zhejiang Yifeng Marine Biological Products 81
7.5.1 Zhejiang Yifeng Marine Biological Products Feed Grade Shrimp Meal Company Information 81
7.5.2 Zhejiang Yifeng Marine Biological Products Feed Grade Shrimp Meal Product Portfolio 82
7.5.3 Zhejiang Yifeng Marine Biological Products Feed Grade Shrimp Meal Production, Value, Price and Gross Margin (2019-2024) 83
7.5.4 Zhejiang Yifeng Marine Biological Products Main Business and Markets Served 83

8 Industry Chain and Sales Channels Analysis 84
8.1 Feed Grade Shrimp Meal Industry Chain Analysis 84
8.2 Feed Grade Shrimp Meal Key Raw Materials 84
8.2.1 Key Raw Materials 84
8.2.2 Raw Materials Key Suppliers 85
8.3 Feed Grade Shrimp Meal Production Mode & Process 85
8.4 Feed Grade Shrimp Meal Sales and Marketing 86
8.4.1 Feed Grade Shrimp Meal Sales Channels 86
8.4.2 Feed Grade Shrimp Meal Distributors 87
8.5 Feed Grade Shrimp Meal Customers 87

9 Feed Grade Shrimp Meal Market Dynamics 88
9.1 Feed Grade Shrimp Meal Industry Trends 88
9.2 Feed Grade Shrimp Meal Market Drivers 89
9.3 Feed Grade Shrimp Meal Market Challenges 90
9.4 Feed Grade Shrimp Meal Market Restraints 91

10 Research Findings and Conclusion 92

11 Methodology and Data Source 93
11.1 Methodology/Research Approach 93
11.1.1 Research Programs/Design 93
11.1.2 Market Size Estimation 94
11.1.3 Market Breakdown and Data Triangulation 95
11.2 Data Source 96
11.2.1 Secondary Sources 96
11.2.2 Primary Sources 97
11.3 Author List 98
11.4 Disclaimer 99

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