Shrimp Market Size Expected to Hit USD 105.35 Billion by 2033 | CAGR of 32.7% during 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 hard seltzer 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. China currently dominates the market, holding a market share of over 32.7% in 2024.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/prefeasibility-report-shrimp-processing-plant/requestsample

𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

𝐑𝐢𝐬𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐒𝐞𝐚𝐟𝐨𝐨𝐝 𝐚𝐧𝐝 𝐒𝐡𝐫𝐢𝐦𝐩:

Given the increasing global appetite for seafood, the international market for shrimp is poised for rapid expansion. Shrimps are extremely popular and flexible seafood products, which alone account for this growth. The expanding demand for shrimp in different areas stems from increases in per capita disposable income and health awareness of the importance of seafood. This increasing demand has undoubtedly made Aquaculture, especially shrimp farming, a very important subsector able to produce more and supply shrimp consistently to the market. The appeal of shrimp is further boosted by its nutritional benefits, broad application across different cuisines and most importantly, shrimp's growing popularity.

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐀𝐪𝐮𝐚𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬:

The shrimp market on a global scale heavily depends on aquaculture. With increasing pressure on wild caught shrimp resources, aquaculture is now indispensable for the ever-increasing demand. Investment in technology on shrimp farms like improved breeding processes, feed optimization, disease management, as well as other farming techniques is increasing productivity and efficiency. New technologies such as Recirculating Aquaculture Systems RAS are emerging as powerful tools to augment sustainable shrimp production while minimizing the negative effects on the environment. These technological advancements are crucial for ensuring a stable and sustainable supply of shrimp to meet the increasing global demand.

𝐒𝐭𝐫𝐢𝐧𝐠𝐞𝐧𝐭 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬:

Strict quality and safety standards developed by the importing countries and the controlling authorities have an impact on the shrimp market. Customers are more concerned than ever about food safety, application of modern technology for traceability, and eco friendly farming. This concern is reflected in the quality control policies of the shrimp supply chain from the farm to the consumer. To gain consumer confidence, shrimp producers are worried about maintaining stringent hygiene standards, using traceable systems, and practicing sustainable farming techniques. Such strict focus on quality and safety practices is already shifting the market in a positive direction and increasing confidence in 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.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐎𝐮𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬 𝐟𝐨𝐫 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭𝐬, 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐈𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.imarcgroup.com/request?type=report&id=628&flag=C

𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Many movements can be identified and monitored in the global shrimp market. The first and the most prominent one is the focus on sustainable and responsible aquaculture practices. There is an ever growing demand for shrimps that are produced in a socially and environmentally responsible manner. This has given rise to the certified sustainable shrimp farming and other low impact animal welfare enhancing practices.

Another emerging tendency is with regards to the increasing interest in value added shrimp merchandises. Market interests are shifting towards more convenient and ready-to-consume shrimp products such as peeled and deveined shrimp, cooked shrimp, and shrimp cocktails. This shift is also bringing about product and package innovations as manufacturers are expanding the variety of processed shrimp to meet the demands of the consumers.

In addition, the market is also witnessing an increased focus on the issue of traceability and transparency. Consumers are interested to know where the shrimp they purchased originate from and how it was raised. This has resulted in the incorporation of blockchain and other traceability technologies alongside information system solutions that provide consumers with more information about the packaged shrimp.

𝐒𝐡𝐫𝐢𝐦𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭:

• Farmed Shrimp
• Wild Shrimp

Farmed shrimp holds 𝟔𝟏.𝟓% of the market share.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐒𝐩𝐞𝐜𝐢𝐞𝐬:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

Penaeus Vannamei accounts for 𝟕𝟐.𝟏% of the market share.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐒𝐡𝐫𝐢𝐦𝐩 𝐒𝐢𝐳𝐞:

• 21
• 21-25
• 26-30
• 31-40
• 41-50
• 51-60
• 61-70
• 70

41-50 dominated the market, with 𝟐𝟏.𝟖% of the market share.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others

Hotels and restaurants account for 𝟑𝟐.𝟑% of the market share, driven by the high demand for shrimp as a premium and versatile seafood option.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

𝐌𝐚𝐣𝐨𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐑𝐞𝐠𝐢𝐨𝐧𝐬:

• China
• India
• Indonesia
• Vietnam
• Thailand
• Ecuador
• Others

𝐌𝐚𝐣𝐨𝐫 𝐂𝐨𝐧𝐬𝐮𝐦𝐢𝐧𝐠 𝐑𝐞𝐠𝐢𝐨𝐧𝐬:

• United States
• China
• Europe
• Japan
• Indonesia
• Others

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.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐒:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

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.

This release was published on openPR.