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United States Shrimp Market Size, Share, Growth & Forecast | 2025-2034

01-16-2025 01:50 PM CET | Food & Beverage

Press release from: Expert Marker Research

United States Shrimp Market

United States Shrimp Market

United States Shrimp Market Outlook

According to the report by Expert Market Research (EMR), the United States shrimp market size reached a volume of 827.05 KMT in 2024. Driven by a strong domestic demand for seafood, particularly shrimp, and the growing inclination towards protein-rich diets, the market is anticipated to grow at a compound annual growth rate (CAGR) of 2.40% from 2025 to 2034, eventually reaching a volume of 1048.41 KMT by 2034.

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Shrimp, a popular shellfish and highly sought-after seafood, is an essential part of the American diet. It is prized for its versatility in cooking, health benefits, and nutritional content, making it a preferred protein source for both traditional and contemporary cuisines. As one of the most consumed types of seafood in the United States, shrimp enjoys widespread popularity across various sectors, including food service, retail, and processed food markets.

In addition to its culinary appeal, shrimp is recognized for its rich nutritional profile. It is a low-calorie, high-protein food that provides essential vitamins and minerals, including vitamin D, vitamin B12, iodine, and selenium. These health benefits, combined with its adaptability to different cooking methods and dishes, continue to fuel its demand, cementing its position as a leading choice in American kitchens.

Growth Drivers

The United States shrimp market is primarily driven by the rising consumer preference for healthy, protein-rich diets and the continuous growth in demand for seafood. In recent years, the trend towards healthier eating, along with an increased focus on plant-based and protein-heavy diets, has significantly bolstered the demand for shrimp. As consumers seek leaner alternatives to traditional meats, shrimp has emerged as an ideal choice due to its low fat and calorie content, along with its high protein benefits.

The growing popularity of shrimp-based dishes in restaurants, fast food chains, and home kitchens is also contributing to the market's growth. Shrimp is commonly used in a variety of dishes, such as shrimp cocktails, shrimp pasta, and shrimp tacos, making it a versatile and convenient option for both home cooks and professional chefs alike. Moreover, the convenience of frozen shrimp products, which maintain their quality and nutritional value, has made it easier for consumers to enjoy shrimp year-round, further driving market expansion.

In addition to the consumer-driven demand, the growth of the food service industry plays a significant role in boosting shrimp consumption. The United States has seen a continued increase in the number of dining establishments, ranging from casual dining and fast food to high-end restaurants, that feature shrimp as a staple offering on their menus. This expanding food service sector, combined with the preference for shrimp in diverse culinary preparations, is expected to continue to fuel the market's growth.

Furthermore, the demand for shrimp as an ingredient in processed food products, such as ready-to-eat meals, frozen foods, and canned seafood, is also playing an instrumental role in the market's expansion. As consumers increasingly seek convenience in their food choices, the availability of shrimp in various ready-to-cook and packaged formats has made it an accessible option for time-constrained individuals.

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Technological Advancements and Sustainability Trends

Technological innovations in shrimp farming, aquaculture, and processing methods are contributing significantly to the market's growth. As sustainability becomes a key consideration in the food industry, shrimp producers are increasingly focusing on sustainable farming practices to meet growing consumer demand for eco-friendly seafood. Technological advancements have enabled more efficient shrimp farming operations, resulting in higher yields, improved water quality, and better overall product quality.

The United States shrimp market is also benefiting from innovations in shrimp breeding, with a focus on enhancing disease resistance and optimizing growth rates. These advancements not only improve the efficiency of shrimp production but also contribute to reducing the environmental impact of shrimp farming, a critical concern for consumers and environmental organizations.

Sustainability is a growing priority for both producers and consumers, with many individuals prioritizing the environmental and social aspects of their food choices. As such, the shift towards sustainable sourcing practices is expected to drive the growth of responsibly farmed and certified shrimp in the United States market. Certifications such as the Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP) play a critical role in ensuring that shrimp are produced in accordance with high environmental and social standards.

The rise of plant-based alternatives to traditional animal proteins is another key trend influencing the shrimp market. While plant-based diets continue to grow in popularity, there has been a notable trend toward alternative proteins that mimic the texture and flavor of traditional animal-based products. Innovations in plant-based shrimp alternatives, made from ingredients such as soy and algae, are gaining traction in the marketplace as consumers seek more sustainable and cruelty-free food choices. This presents both opportunities and challenges for the United States shrimp market as it faces the dual pressures of plant-based innovation and demand for ethical sourcing practices.

United States Shrimp Market Segmentation

The market can be divided based on environment, species, product category, distribution channel, and production and imports.

Market Breakup by Environment

Farming
Processing

Market Breakup by Species

Penaeus Vannamei
Penaeus Monodon
Macrobrachium Rosenbergii
Others

Market Breakup by Product Category

Peeled
Shell-on
Cooked
Breaded
Others

Market Breakup by Distribution Channel

Hypermarkets and Supermarkets
Convenience Stores
Hotels and Restaurants
Online Stores
Others

Market Breakup by Production and Imports

Domestic Production
Imports

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States shrimp market. Some of the major players explored in the report by Expert Market Research are as follows:

Aqua Star
Harbor Seafood
Eastern Fish Company
Mazzetta Company, LLC
Others

Market Challenges

Despite the positive growth prospects, the United States shrimp market faces several challenges. One of the primary concerns is the fluctuating prices of shrimp, which are influenced by factors such as supply chain disruptions, changing import regulations, and fluctuating production costs. Shrimp prices are also subject to the availability of raw materials, the cost of labor in shrimp farms, and the impact of natural disasters, such as hurricanes, which can disrupt shrimp farming operations. These price fluctuations can impact the affordability of shrimp for consumers and may affect the profitability of businesses involved in the shrimp supply chain.

Another significant challenge is the prevalence of shrimp diseases, which can negatively affect shrimp production. Shrimp farming is highly susceptible to various diseases, such as white spot syndrome and early mortality syndrome, which can decimate entire shrimp farms if not managed properly. As the demand for shrimp continues to rise, maintaining healthy shrimp stocks and minimizing the spread of diseases becomes increasingly important to ensure stable production levels.

Additionally, concerns regarding the environmental impact of shrimp farming continue to pose challenges for the industry. While sustainable farming practices are gaining traction, shrimp farming has been associated with habitat destruction, especially in the case of wild-caught shrimp. The conversion of coastal mangrove forests into shrimp farms has led to significant environmental degradation in some regions. As the United States Shrimp Market increasingly shifts towards sustainably sourced shrimp, the industry must continue to find ways to balance production with environmental conservation.

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Media Contact:

Company Name: Claight Corporation
Contact Person: George buttler, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: http://www.expertmarketresearch.com
Aus Site: https://www.expertmarketresearch.com.au

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Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

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