Global Shrimp Market Size projected to Reach USD 105.35 Billion by 2033 | CAGR of 3.90%

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 shrimp market trends. 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.

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Global Shrimp Market Dynamics:

Increasing Global Seafood Consumption and Nutritional Awareness:

Robust growth period for global shrimp market is underway. The primary reason behind this growth is an increase in global shrimp consumption as seafood and an increase in consumer awareness. Shrimp is considered a source of protein and contains omega-3 fatty acids and other essential minerals. This makes it needed more on a global level for diet incorporation.

The middle-class population in developing economies and the need for health-driven food in developed nations also shifts this balance positively. These factors are important for demand from restaurants and home cooking alike which is a major factor for growth in global shrimp consumption. A focus on health and preference changes is the main driver behind the change to more seafood consumption Shrimp market growth keeps steady thanks to these changes.

Aquaculture Advancements and Sustainable Practices:

The shrimp market is heavily influenced by aquaculture due to the increasing global need for shrimps. Selling larger shrimps entails better farming practices such as more efficient feeding, disease treatment, and water quality; all of which, along with other technological advancements, are easier to implement now. In addition, lowering the negative impacts on the environment from shrimp aquaculture is becoming a goal on its own. The use of chemicals is being lowered to protect water supplies, and in response to consumer demand and policies, the cultivation techniques are changing for the better. The shrimp market as a whole, must improve in adopting these advancements in sustainable practices to achieve long term market stability.

Evolving Distribution Channels and Value-Added Products:

Changes in the distribution channels of the shrimp industry, as well as improvements in e-commerce, are witnessing a transformation as a result of these factors. There is greater access to value-added shrimp products such as peeled and deveined shrimp, ready-to-cook meals, and breaded shrimp.

Customers not only expect convenience but also prefer buying these items from online platforms which have expanded the reach of suppliers. These products are tailored to fulfill the needs of busy consumers and offer greater profit margins for processors and retailers, thereby transforming the shrimp industry while simultaneously catalyzing product development and innovation.

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.

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Global Shrimp Market Trends:

Currently, the shrimp market is experiencing several notable trends. One such trend is the heightened attention to food safety and traceability across the supply chain. There is growing consumer and regulatory demand for transparency concerning the sourcing and handling of shrimp, prompting the use of blockchain technology for tracking shrimp from the farm to the table. Another trend is the increase in consumer demand for organic shrimp and shrimp raised without antibiotics. This surge in demand is a response to concerns regarding the safety of food and the need for environmental sustainability.

This growth is fueling the expansion of organic shrimp farming and the adoption of stricter quality control standards. In addition, there is an increasing diversification of product forms and offerings with a heightened focus on innovative, fully cooked, and ready-to-eat shrimp products, which align with shifting consumer demands for convenience and variety. These changes are also being driven by the development of new processing techniques and flavor development which will foster further market growth and appeal to a broader range of customers.

Shrimp Market Report Segmentation:

Breakup by Environment:

• Farmed Shrimp
• Wild Shrimp

Breakup by Species:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

Breakup by Shrimp Size:

• 70

Breakup by Distribution Channel:

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

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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.

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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.