Press release
Global Shrimp Market Report 2025: Size Projected USD 105.35 Billion, CAGR of 3.90% by 2033.
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:
Latest Trends in the Shrimp Market:
The global Shrimp Market is thriving because it offers a sea of opportunities with sustainable- and health-based offerings. Industry experts note a surge in both organic and eco-certified shrimp, with companies like Thai Union leading in offering responsibly sourced products for eco-conscious chefs in the creation of gourmet dishes. China leads with a 32.7% share in the market. Advanced aquaculture and a greater demand for seafood push this dominance.
As per industry data, innovations in farming such as automated shrimp farming increase yields by 15%. The companies are realizing that the global Shrimp Market is much more than seafood-it is also an avenue for nutrition and sustainability, offering restaurants, retail, and supply chains with green solutions that vie demanding for health, traceability, and care for the environment in such a lively, seafood-loving world.
Growth Drivers in the Shrimp Market:
Consumers growing labeling consciousness and trying to embrace a better lifestyle are the fiercest precursor to shrimp demand. Shrimp production is also scaling up with demand. Shrimp has probably been viewed as an excellent source of protein by 60 percent of health-conscious customers.
Frozen tilapia accounts for 55 percent of the market for farmed shrimp, as the supermarkets stock frozen shrimp for easy cooking needs. Production efficiency has risen up to 12 percent because of new technological implementations in aquaculture, including the biofloc systems. Despite all environmental concerns, urban shrimp consumption drives wholesaler demands. The global Shrimp Market is exploding, as consumers give it importance from the healthiest and easy food under this strong dynamic distribution across retail, foodservice, and export channels worldwide.
Future Demand in the Shrimp Market:
By growing at a compound rate of 3.90 percent, the demand in the global Shrimp Market is projected to touch USD 105.35 billion by 2033. Essentially, an increase in seafood consumption with sustainable farming is backing this growth. India's huge exports are ensuring that premium-quality shrimps are being served on global tables, especially in Asia-Pacific.
The frozen segment is set to dominate-a-little bit-another segment that is currently riding high on the convenience trend. Even with a few logistical hurdles, some untapped potential remains in emerging-term markets such as Africa. Improved scalability shall be due to the partnerships such as the one between Maruha Nichiro and aquaculture innovators. Stakeholders can take advantage of all these factors to fit the needs of the global Shrimp Market for sustainable and nutritious solutions as they shape a worthy seafood trade in diverse regions.
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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Emerging Trends in the Shrimp Market:
Transformative trends will define the global Shrimp Market going forward. Shrimp grown in labs like Shiok Meats' shrimp will target consumers who care about ecology so this will gain ground in North America. Blockchain traces will ensure supply chains are transparent because this aligns with Europe's regulatory standards. Health appeal will be increased by 10% by functional shrimp products, like omega-3-improved options. Retail that is sustainable will have packaging that is recyclable. As these developments ensure moral, wholesome answers, the total Shrimp Market stays a fish headliner, fulfilling buyer and ecological wants inventively and cautiously.
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.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302
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.
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