White Shrimp Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

We've updated all our reports with current data on tariff changes, trade developments, and supply chain shifts affecting key industries.

What Is the Expected White Shrimp Market Size During the Forecast Period?
There has been a significant expansion in the size of the white shrimp market in the past few years. The market value is forecasted to increase from $21.73 billion in 2024 to $23.04 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.0%. Factors contributing to the growth during the historical period include an escalating consumer demand for seafood, heightened awareness of shrimp's health benefits, the surge of e-commerce platforms, a growing population, and evolving dietary trends.The market for white shrimp is predicted to experience substantial expansion in the coming years, reaching a total value of $28.71 billion in 2029 with a 5.7% compound annual growth rate (CAGR). This prospective growth during the forecast period is primarily due to the increasing global demand and appreciation for shrimp-based meals, particularly Asian shrimp. Shifts in consumer preferences towards frozen shrimp, coupled with a growing call for sustainable and premium shrimp products, as well as a rising focus on environmentally friendly aquaculture practices, are also instrumental in this projected growth. Key trends for the forecasted period encompass a mounting demand for eco-friendly shrimp produce, the incorporation of innovative aquaculture approaches like closed-loop systems, advancements in freezing and packaging technology, and the growing demand for convenient and readily-cookable seafood choices in tandem with developing sustainable practices.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21613

What Are the High-Growth Segments in the White Shrimp Market?
The white shrimp market covered in this report is segmented -

1) By Product Type: Atlantic White Shrimp, Asia-Pacific White Shrimp, South America White Shrimp
2) By Form: Frozen, Canned, Peeled, Cooked, Shell-On
3) By Application: Food, Cosmetics, Pharmaceuticals, Biotechnology And Life science

Subsegments:
1) By Atlantic White Shrimp: Wild-Caught Atlantic White Shrimp, Farmed Atlantic White Shrimp, Fresh Atlantic White Shrimp, Frozen Atlantic White Shrimp
2) By Asia-Pacific White Shrimp: Vannamei White Shrimp, Wild-Caught Asia-Pacific White Shrimp, Farmed Asia-Pacific White Shrimp, Processed Asia-Pacific White Shrimp
3) By South America White Shrimp: Ecuadorian White Shrimp, Wild-Caught South America White Shrimp, Farmed South America White Shrimp, Organic South America White Shrimp

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21613&type=smp

What Key Drivers Are Expected to Influence Future White Shrimp Market Growth?
The acceleration of the white shrimp market can be attributed to the burgeoning inclination towards seafood consumption. Seafood, spanning over edible marine organisms such as fish, shellfish, and other aquatic species, is highly treasured for its nutritional properties. Factors such as evolving dietary patterns, growth in disposable income, and cognizance of seafood's health benefits are fuelling seafood demand. Due to their subtle flavor and tender texture, white shrimps are a popular choice in a variety of seafood dishes such as shrimp cocktails, pasta, and stir-fries. Their versatility is appreciated in both casual and gourmet cooking styles. For instance, Sea fish, a public body from the UK that supports the seafood industry, reported in October 2023 that seafood imports from Iceland to the UK amounted to £286.3 ($323.77) million in 2022, making up 8% of the £3.64 ($4.11) billion total seafood import. This was a £31.2 ($35.28) million, or 12%, surge from 2021. Consequently, the escalating seafood demand is contributing to the proliferation of the white shrimp market.

Which Companies Hold the Largest Share Across Different White Shrimp Market Segments?
Major companies operating in the white shrimp market are Charoen Pokphand Foods PCL, Cooke Inc., Pescanova, Songa C.A., Nekkanti Sea Foods Limited, Apex Frozen Foods Ltd., Mazzetta Company LLC, The Waterbase Limited, Devi Sea Foods Ltd., Allen Brothers, MIDLAND CO., Homegrown Shrimp USA, Roda International, Onda, The Natural Shrimp Company, Taprobane Seafood Group, Nippon Suisan Kaisha Ltd., Oceanloop Munich GmbH, Minh Phu Seafood Corporation, Kings Infra Venture Ltd., Zhejiang Zhoufu Food Co. Ltd.

What Trends Are Driving Growth in The White Shrimp Market?
Key players in the white shrimp market are concentrating their efforts on creating unique, genetically enhanced white shrimp to tackle diseases and increase the stability of the aquaculture industry. These enhanced shrimp are typically the result of selective breeding or genetic alterations, the goal being to optimize shrimp farming efficiency, sustainability, and an overall higher quality product. For instance, in January 2024, the Department of Fisheries, an organization based in Thailand and operating under the Ministry of Agriculture and Cooperatives to support the fishing industry, introduced two new shrimp breeds, Petchada 1 and Sida 1. The former is characterized by quick growth, while the latter is engineered to resist early mortality syndrome (EMS), a bacterial ailment that has been a serious issue for shrimp farming in Thailand since 2012. These species were developed via selective breeding and molecular genetic techniques, using different strains of Pacific white shrimp from the U.S., Guam, and Thailand. After showing promising results in biosecure environments, these new strains are currently being tested commercially, with the intention of minimizing losses for shrimp farmers and ensuring the industry's longevity.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/white-shrimp-global-market-report

What Are the Emerging Geographies for The White Shrimp Market Growth?
Asia-Pacific was the largest region in the white shrimp market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the white shrimp market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the White Shrimp Market?
2. What is the CAGR expected in the White Shrimp Market?
3. What Are the Key Innovations Transforming the White Shrimp Industry?
4. Which Region Is Leading the White Shrimp Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.