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Comprehensive Shrimp Feed Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Shrimp Feed Market Size
The growing demand for seafood is expected to boost the shrimp feed market. As health-conscious consumers seek sustainable and nutritious food options, seafood consumption is rising. Quality shrimp feed is essential for maintaining sustainable aquaculture practices, ensuring that shrimp farming can meet the increasing demand for seafood without harming the environment. According to GOV.UK in September 2023, the U.K. imported 647,000 metric tons of sea fish in 2022, worth £3.7 billion, showing an increase in value. Therefore, the rising demand for seafood will drive the shrimp feed market.
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How will the growth rate of the shrimp feed market shape industry trends by 2034?
The shrimp feed market has expanded strongly in recent years. It is expected to grow from $4.51 billion in 2024 to $4.82 billion in 2025, with a CAGR of 6.9%. The growth is driven by the increase in aquaculture production, technological advances in feed production, heavy investment in shrimp farming, sustainability initiatives, and enhanced research and development.
The shrimp feed market is expected to grow to $6.22 billion by 2029, with a CAGR of 6.6%. This growth is driven by the increasing global demand for shrimp, expansion in shrimp farming, regulatory changes, and advancements in technology. Key trends include higher demand for sustainable feeds, rising animal feed ingredient costs, aquaculture technology advancements, a shift toward plant-based proteins, and stricter environmental regulations.
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What trends are poised to drive the future success of the shrimp feed market?
Companies in the shrimp feed market are developing functional shrimp feed to improve feed efficiency and sustainability. For example, in May 2024, Skretting launched Armis, a feed designed to improve shrimp health and resistance to diseases like Enterocytozoon hepatopenaei (EHP). This specialized feed supports shrimp farmers in India by optimizing farm performance and resilience.
Which primary segments of the shrimp feed market are driving growth and industry transformations?
The shrimp feed market covered in this report is segmented -
1) By Type: Starter Grade, Grower Grade, Finisher Grade
2) By Shrimp Species: Pacific Whiteleg Shrimp, Black Tiger Shrimp, Other Shrimp Species
3) By Ingredients: Fish-Meal Based Feeds, Plant-Based Feeds, Soybean-Meal Based Feeds, Wheat-Based Feeds, Corn-Based Feeds, Other Ingredients
4) By Additives: Vitamins And Proteins, Antioxidants, Antibiotics, Fatty Acids, Feed Enzymes, Other Additives
Subsegments:
1) By Starter Grade: High-Protein Starter Feed, Nutrient-Rich Starter Pellets, Crumble Feed For Early Stage Shrimp, Liquid Starter Feeds, Specialized Starter Feed For Specific Shrimp Species
2) By Grower Grade: Growth-Promoting Shrimp Feed, Medium-Protein Grower Pellets, Feed With Enhanced Digestibility, Formulated Grower Feed With Essential Nutrients, Grower Feed With Omega-3 Fatty Acids
3) By Finisher Grade: High-Energy Finisher Feed, Low-Protein Finisher Pellets, Finisher Feed With Antioxidants And Color Enhancers, Specialized Finisher Feed For Market-Ready Shrimp, Slow-Release Nutrient Finisher Feed
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Which regions are key players in the growth of the shrimp feed market?
Asia-Pacific was the largest region in the shrimp feed market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the shrimp feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the shrimp feed market landscape?
Major companies operating in the shrimp feed market are Cargill Incorporated, The Archer-Daniels-Midland Company, Tongwei Co Ltd, Evonik Industries AG, Charoen Pokphand Food Public Company Limited, Nutreco Holding N.V., Novozymes AS, Alltech Inc., Virbac Corp, Guangdong Yuehai Feeds Group Co Ltd, Ridley Corporation, Avanti Feeds Ltd, Aller Aqua A/S, Rangen Inc, Zeigler Bros Inc, BioMar Ltd, INVE Aquaculture, Growel Feeds Pvt. Ltd, Blue Aqua International Pte Ltd, Bern Aqua NV, ACI Godrej Agrovet Pvt, Guangdong Evergreen Feed Industry Co. Ltd., Thai Union Feedmill Public Company Limited
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What Is Covered In The Shrimp Feed Global Market Report?
•Market Size Forecast: Examine the shrimp feed market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the shrimp feed market for a structured understanding.
•Key Players Overview: Analyze major players in the shrimp feed market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the shrimp feed market.
•Segment Contributions: Evaluate how different segments drive overall growth in the shrimp feed market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the shrimp feed market.
•Industry Challenges: Identify potential risks and obstacles affecting the shrimp feed market.
•Competitive Landscape: Review strategic developments in the shrimp feed market, including expansions, agreements, and new product launches.
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