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. 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:

Latest Trends in the Shrimp Market:

Although an expensive source of protein, the shrimp market also provides value-added, ready-to-cook products, and the industry sees a broader trend towards these value-added products in the shrimp market. SeaPak is the top retail brand of frozen shrimp. A garlic-butter coated frozen shrimp from this brand can be ready to eat in 10 minutes on a weeknight. China has more than 32.7% share of the frozen shrimp market, driven by domestic demand and exports. With industries like Thai Union moving toward blockchain-tracked supply chains, with transparency up 35%, the word is getting out. Our Shrimp Market means your shrimp is always fresh from the sea to your plate at restaurants, from grocers, and in your home. Always delicious, always traceable, always meeting the global demand for flavor, health and trust.

Growth Drivers in the Shrimp Market:

The global Shrimp Market is expected to reach USD 71.87 billion by 2024 owing to the health consciousness, increasing aquaculture facilities according to the industry experts. 70% of the shrimp is obtained through aquaculture. Whiteleg shrimp and other fast-growing disease-resistant strains comprise 60% of all aquacultured shrimp. Production increased 20% per year through increased seafood consumption (shrimp is high in protein and low in fat), efficient farming (lower costs), increased vertical integration, biosecurity, and the ability of producers to scale up production even during disease outbreaks. The international Shrimp Market will see good growth across foodservice, retail and processing with diets shifting towards lean protein, and Asia, mainly China, continuing to lead aquaculture.

Future Demand in the Shrimp Market:

The market for shrimp around the globe is expected to grow to exceed USD 105.35 billion in 2033, at a CAGR of 3.90%, propelled by demand for plant-based shrimp and shrimp harvested and farmed sustainably. U.S. consumers may be able to order poke bowls or fast-casual menus built around premium, eco-labeled catches. Foodservice should be the largest channel from rising demand for international food. Emerging markets such as India have large potential despite a weak cold chain. Partnerships, like Mowi's with certification, can be leveraged by stakeholders to meet rising expectations for responsible, great-tasting solutions in the global Shrimp Market in pursuit of sustainable seafood in all markets.

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:

Additional trends that may influence the global Shrimp Market include land-based recirculating aquaculture systems (RAS) such as Atlantic Sapphire in Europe allowing for controlled production and antibiotic-free shrimp production and shrimp proteins from labs to meet North America's alternative protein goals. AI-optimized pond feeding could deliver a 15% yield improvement to Asia-Pacific mega farms, while carbon-neutral, blockchain-based supply chains provide consumer confidence in resilient, responsible supply chains. Together, these innovations will help ensure the global Shrimp Market remains a leader in responsibly-sourced, premium-quality seafood while remaining relevant and adaptable to evolving health, ethics and environmental demands.

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.

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.