Global Shrimp Market Edition 2025: Industry Size 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. 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:

Soaring Consumer Demand for Seafood and Protein:

The global shrimp market is experiencing robust growth, primarily fueled by a significant increase in consumer demand for seafood, particularly in developing economies, and a growing global preference for high-protein diets. Shrimp is widely recognized as a versatile, low-fat, and nutrient-rich protein source, making it an attractive alternative to other meats.

Its adaptability to various cuisines and cooking methods further enhances its appeal to a diverse consumer base. As disposable incomes rise across various regions and awareness about the health benefits of including seafood in diets proliferates, the consumption of shrimp is steadily climbing. This sustained consumer interest is a fundamental driver for the market's expansion, compelling producers to increase output and explore innovative product offerings to cater to evolving culinary preferences and healthy lifestyle choices.

Advancements in Aquaculture and Sustainable Practices:

The aquaculture sector plays a pivotal role in meeting the escalating global demand for shrimp. Significant advancements in shrimp farming technologies and sustainable practices are transforming the industry, enabling more efficient and consistent production. Innovations such as recirculating aquaculture systems (RAS) and biofloc technology are minimizing environmental impact, improving water quality management, and reducing disease outbreaks.

Furthermore, the increasing adoption of sustainable certifications, like Best Aquaculture Practices (BAP) and Global Seafood Alliance (GSA) standards, is building consumer trust and encouraging responsible farming. These technological and sustainable shifts are crucial for ensuring a stable and growing supply of shrimp, mitigating the pressures on wild-caught stocks, and enhancing the long-term viability of the industry.

Evolving Distribution Channels and Value-Added Products:

The global shrimp market is witnessing a dynamic evolution in its distribution channels and product forms, significantly contributing to its growth. The rise of e-commerce platforms and improved cold chain logistics have made shrimp more accessible to a wider consumer base, facilitating both domestic and international trade. Consumers are increasingly opting for convenient and ready-to-cook shrimp products, such as peeled, deveined, breaded, and other value-added forms, which cater to busy lifestyles and a desire for quick meal solutions.

This trend is prompting manufacturers to diversify their product portfolios, introducing new and innovative shrimp-based offerings that simplify preparation and appeal to a broader range of culinary preferences. The expansion of B2C channels, including online sales and specialty stores, further reinforces this dynamic, driving market growth through enhanced accessibility and consumer convenience.

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 global shrimp market is currently characterized by several compelling trends. There is a discernible shift towards premium and value-added shrimp products, as consumers seek convenience and innovative culinary experiences. This includes an increasing array of ready-to-eat and ready-to-cook options, as well as specialty flavor profiles. The market is also seeing a stronger emphasis on traceability and transparency throughout the supply chain, driven by consumer demand for responsibly sourced and authentic seafood. Sustainable aquaculture practices continue to gain prominence, with a growing number of producers adopting environmentally friendly farming methods and pursuing certifications to assure consumers of their commitment to sustainability.

Furthermore, technological advancements in farming, such as the integration of AI and automation in monitoring and feeding, are becoming more widespread, aiming to optimize yields and minimize operational costs. The continued globalization of culinary influences also means a greater diversity of shrimp species and preparations are gaining popularity in various regions.

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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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.

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This release was published on openPR.