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:

Surging Global Demand for Seafood and Protein:

The worldwide shrimp market is growing strongly, driven mainly by the growing global demand for seafood as a healthy and nutritious source of protein. As the global population rises and health awareness expands, consumers are increasingly including more seafood in their diets.

Shrimp, due to its versatility and popularity, is a big beneficiary of this trend. Additionally, increased prosperity in emerging economies is supporting a broader consumer base to buy and pay for high-value seafood such as shrimp, which is a major contributor to market growth. This continuous growth in worldwide demand for seafood, especially shrimp, is a core driver of the market's growth now and in the future.

Aquaculture Technology and Eco-Friendly Practices:

Aquaculture has become the key to fulfilling growing demand for shrimp, compensating for constraints on wild-caught shrimp harvests. Advances in shrimp culture technology have brought greater yields, better control over diseases, and higher efficiency. In addition, more attention is now being paid to environmentally friendly aquaculture methods to minimize environmental effects and make shrimp farming sustainable in the long term. Initiatives towards responsible farming practices, prevention of diseases, and sustainability are on the rise, which are affecting production practices and consumer perception. Such a transformation to sustainable and productive aquaculture is imperative to assure a reliable and environmentally sound supply of shrimp to suffice the world's demand.

Changing Consumer Preferences and Convenience:

Shifting consumer lifestyles and attitudes are significantly influencing the world shrimp market. The requirement for convenience foods and ready-to-eat meals is increasing, which is fueling the requirement for value-added and processed shrimp products. These include peeled and deveined shrimp, frozen shrimp, cooked shrimp, and shrimp-based meals. In addition, increasingly, consumers are developing interest in seafood that is sustainably produced and sourced as well as ethically produced. This is shaping purchasing behavior and leading to the use of certifications and labels that ensure responsible sourcing and production techniques. The sector is taking steps to provide more convenient and sustainably produced shrimp products to meet these changing consumer needs.

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:

The international shrimp market is experiencing some key trends that are defining its future direction. One leading trend is the rising use of cutting-edge technologies in aquaculture, including automation, data analytics, and precision agriculture methods. These technologies are increasing efficiency, maximizing use of resources, and enhancing disease control in shrimp farms. Product diversification and value addition is another major trend, with processors creating a larger variety of value-added shrimp products, such as ready-to-cook meals, snacks, and pet food ingredients, to address various consumer groups and tastes.

In addition, there is increased focus on traceability and transparency along the shrimp supply chain. Consumers are increasingly seeking information regarding the source, processing, and sustainability of their seafood, prompting the uptake of blockchain and other traceability technologies to validate product authenticity and establish consumer trust.

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.