Prominent Shrimp Market Trend for 2025: Artificial Intelligence (AI) Driven Innovation Revolutionizes Shrimp Farming with Real-Time Analytics Solutions

What Are the Projected Growth and Market Size Trends for the Shrimp Market?
Over the past few years, the size of the shrimp market has seen robust growth. Predictions state that it will expand from $60.29 billion in 2024 to $64.56 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this past growth include an upsurge in worldwide seafood consumption, a higher demand for protein-rich diets, enhancements in cold chain logistics, an expansion of the middle class, and an increase in disposable income.

In the coming years, the shrimp market is projected to experience robust growth. The market's worth is anticipated to touch $83.91 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.8%. The expected growth in this period is due to the rise in organic and antibiotic-free shrimp farming, heightened awareness about health, increased demand for processed and frozen shrimp, a growing emphasis on traceability and transparency, and the emergence of plant-based shrimp substitutes. Key trends for the forecast period encompass the deployment of recirculating aquaculture systems (RAS), the inclusion of artificial intelligence (AI) and automation in shrimp farming, enhancements in fishing methodologies, investments in shrimp research and development, and progress in aquaculture technologies.

What Is Driving the Growth Trajectory of the Shrimp Market?
The anticipated growth of the shrimp market is largely expected to be driven by a rise in health awareness. Factors such as the widespread occurrence of lifestyle-related illnesses like heart conditions, obesity, and diabetes have significantly increased interest in maintaining a healthy lifestyle. Shrimp offers a potent health benefit for those mindful about their health; it contains low calories, is high in protein, and is enriched with essential elements like omega-3 fatty acids and antioxidants. These elements contribute immensely to cardiovascular health and overall well-being. For example, a research survey carried out in May 2022 by the US-based non-profit organization, International Food Information Council, revealed that about 52% of the 1,005 American adult participants aged between 18-80 and adult Gen Z consumers within the 18-24 age group adhered to a specific diet or eating pattern, a rise from the 39% recorded in 2021. Moreover, the most preferred options were clean eating (16%), calorie counting (13%), and mindful eating (14%). Consequently, this surge in health consciousness is catalyzing the growth of the shrimp market.

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Which Leading Companies Are Shaping the Growth of the Shrimp Market?
Major companies operating in the shrimp market are Charoen Pokphand Foods PCL (CP Foods), Maruha Nichiro Corporation, Clearwater Seafoods LP, Nippon Suisan Kaisha (Nissui), Thai Union Group PCL, Pacific Seafood, High Liner Foods Inc., Royal Greenland A/S, Minh Phu Seafood Corporation, Avanti Feeds Ltd., Nekkanti Sea Foods Limited, Beaver Street Fisheries Inc., Surapon Foods Public Company Limited, Apex Frozen Foods Ltd., Devi Fisheries Ltd., Mazzetta Company LLC, Cooke Aquaculture Inc., Aqua Star, The Waterbase Limited, Grand Ocean Seafoods Co. Ltd., Seattle Shrimp & Seafood, Nordic Seafood A/S, SSF Limited, BMR Groups, Falcon Marine Exports, Ocean More Foods Co. Ltd.

What Are the Major Trends Shaping the Shrimp Market?
Leading businesses in the shrimp market are concentrating on formulating progressive solutions, such as instant artificial intelligence analysis, to augment production proficiency and supervise health status in shrimp cultivation. Instant artificial intelligence analytics refers to a technological invention that applies AI algorithms for processing and interpreting data as it arises, granting instant observations and evaluations to enhance decision-making and operational productivity. For instance, in March 2022, Umitron, a Singaporean data firm for aquaculture, introduced Umitron Eagle. This is the first AI-based analytics solution specifically designed for shrimp cultivation, offering real-time insights. This pioneering system leverages high-end artificial intelligence to observe multiple biological conditions and environmental elements within high-density shrimp production environments. Benefiting from real-time data, shrimp producers can automatically refine their feeding strategies.

What Are the Key Segments of the Shrimp Market?
The shrimpmarket covered in this report is segmented -

1) By Form: Green Or Head-Off, Green Or Head-On, Peeled, Cooked, Breaded, Other Forms
2) By Species: L. Vannamei, Trachipenaeus Curvirostris, Pleoticus Muelleri, P. Monodon, Acetes Japonicus, Pandalus Borealis, P. Chinensis, Other Species
3) By Distribution Channel: Hypermarkets Or Supermarkets, Convenience Stores, Specialty Stores, Online Sales Channels
4) By Application: Food, Pharmaceutical, Cosmetics, Industrial, Biotechnology
5) By End-User: Residential, Commercial

Subsegments:
1) By Green Or Head-Off: Whole Shrimp, Tail-On Shrimp, Tail-Off Shrimp
2) By Green Or Head-On: Whole Shrimp, Peeled Shrimp
3) By Peeled: Peeled Tail-On Shrimp, Peeled Tail-Off Shrimp
4) By Cooked: Boiled Shrimp, Grilled Shrimp, Steamed Shrimp
5) By Breaded: Breaded Shrimp, Breaded Shrimp
6) By Other Forms: Shrimp Chips, Shrimp Paste, Shrimp Powder

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Which Region Dominates the Shrimp Market?
Asia-Pacific was the largest region in the shrimp market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the shrimp market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Shrimp Global Market Report?

- Market Size Analysis: Analyze the Shrimp Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Shrimp Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Shrimp Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Shrimp Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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