Shrimp Market Valuation to Reach USD 105.35 Billion by 2033 - Expanding at a CAGR of 3.90% | Research Report

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 industry, which comprises insights on the global shrimp market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

How Big is the Global 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.

Global Shrimp Market Overview:

The world shrimp market has had fast expansion in the past few years which can be attributed to increased of seafood consumption and to the expanding international foodservice industry. In fact, the shrimp segment is now one of the fastest growing participants within the seafood industry, with advancing economies in the Asia pacific, Latin America, and Africa region greatly impacting the growth in both consumption and production. India, Vietnam, Ecuador, and Indonesia have now become some of the main exporters due to favorable climatic conditions, government assistance, and changing practices in aquaculture. Alongside this, increasing demand for North American and European frozen and ready-to-eat shrimp products is further fueling global demand. Retailers and food processors are increasing the variety of value-added shrimp products tailored to the business market and shifting consumer trends.

Strides in aquaculture technology, including biofloc systems, improved disease management, and selective breeding, are increasing efficiency, sustainability, and export competitiveness of the shrimp industry. Increased innovation is decreasing the costs associated with production and enabling fish farmers to supply shrimp globally on a year-round basis.Consequently, the shrimp market is expected to experience strong market growth driven by consumption patterns, heightened health consciousness, and cold chain logistics advancements that maintain product integrity and longevity throughout global markets.

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

In the shrimp industry, the market is divided into four regions: species, form, end-use sector, and distribution channel. Based on species, whiteleg shrimp (Litopenaeus vannamei) has a competitive advantage in ranching over other species because of its high adaptability, rapid growth rate, and survival. The segmented form includes frozen, canned, and fresh shrimp, with frozen shrimp having the largest share of the market due to ease of use and longer shelf life. The end-use sector is comprised of foodservice, retail, and institutional segments where foodservice is the largest due to unprecedented growth in the hospitality and restaurant sectors across the globe. The supermarkets/hypermarkets, specialty stores, online, and convenience stores are vital to the movement of goods within the market and to the expansion of the market.

Especially prominent is e-commerce which enables the direct delivery of premium grade, certified shrimp products right to consumers' doors. Issuance of HACCP, ASC, and BAP certification marks provide consumers with more trust in the products' safety and the transparency of its tracing system. Shrimp remains at the main focus of sustainability, with more producers and exporters committing into eco-friendly practices such as waste minimization and responsible sourcing. All these components combined are working towards a shrimp market that is globally unified, systematic, and transparent. R&D expenditure alongside strategic partnerships and digital traceability platforms are realigning the elements of competition in the industry and enjoyment for modern-day consumers across different geographic regions.

Global Shrimp Market Trends:

The shrimp market is set to undergo paradigm changes for transformative growth in their shrimp sales. The possible drivers for growth comprise innovation, health, and sustainability. Innovations such as AI monitoring and smart precision feeding are bolstering the sustainable shrimp farming's efficiency, further lowering the carbon footprint of aquaculture operations. Non-vegetarian consumers who identify as flexitarian and shrimp vegans are evolving the market by switching to plant-based shrimp as well. Transparency concerns are driving consumers towards eco-labels and antibiotic-free shrimp, stimulating producers to self-regulate through international certifications.

Cold chain and smart packaging technology are also optimizing global shelf-life and product integrity, enabling complete control from origin to consumer. Advances in subscription-based online seafood stores alongside existing e-commerce platforms will further expand their influence changing purchase trends in urban areas. Rising income coupled with changing dietary habits make the future of the shrimp market look optimistic in terms of ethical, value-added, and premium quality products.

By IMARC group, Some of the Top Shrimp Companies Operating in the Shrimp Industry are Given Below:

• Aqua Star Corp.
• Avanti Feeds Ltd.
• Clearwater Seafoods Inc.
• High Liner Foods Inc.
• Mazzetta Company LLC
• Nordic Seafoods A/S
• Surapon Foods
• Thai Union Group
• The Waterbase Ltd.
• Wild Oceans Pvt. Ltd.

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

Key Market 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.

Breakup by Region:

Major Producing Regions:

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

Major Consuming Regions:

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

China, accounting for 32.7% of the share, enjoys the leading position in the market.

Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall global market and its key subsegments.

• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.

• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

Why Choose IMARC Group:

• Extensive Industry Expertise
• Robust Research Methodology
• Insightful Data-Driven Analysis
• Precise Forecasting Capabilities
• Established Track Record of Success
• Global Reach with an Extensive Network
• Tailored Solutions to Meet Client Needs
• Commitment to Strong Client Relationships and Focus
• Timely Project Delivery
• Cost-Effective Service Options

Purchase the Report with a Single User License: https://www.imarcgroup.com/checkout?id=628&method=1670

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.

IMARC Group

30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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.