Shrimp Market: Trends, Growth, and Forecast for 2026-2035

The shrimp market has been experiencing strong growth, with the global demand for shrimp continuing to rise due to its versatility in culinary applications and health benefits. As of 2025, the shrimp market attained a volume of 8.59 million tons and is expected to grow at a compound annual growth rate (CAGR) of 6.30% during the forecast period from 2026 to 2035. By 2035, the market is projected to reach 15.82 million tons. In this blog, we will explore the shrimp market's overview, size, trends, growth, forecast, and competitive landscape.

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Shrimp Market Overview

Shrimp is one of the most widely consumed seafood products globally. Its high nutritional value, including protein, omega-3 fatty acids, and low-fat content, contributes to its popularity among health-conscious consumers. Shrimp is used in a variety of dishes, including appetizers, main courses, and soups, making it a staple in many cuisines worldwide.

The shrimp industry is driven by both wild-caught and farmed shrimp, with aquaculture playing a significant role in global production. The growing demand for shrimp in developed and emerging markets, along with increasing international trade, is bolstering market growth. The market is influenced by various factors such as climate change, advancements in aquaculture technologies, consumer preferences, and sustainability concerns.

Shrimp Market Size

The shrimp market reached a volume of 8.59 million tons in 2025 and is forecasted to continue expanding due to increasing consumer demand, especially in regions like North America, Europe, and Asia. The shrimp industry benefits from a robust supply chain involving both wild-caught and farmed shrimp. Asia, particularly countries like India, China, Thailand, and Vietnam, leads the production and export of shrimp, significantly impacting the global market size.

The market is driven by the rising consumption of shrimp in different forms such as frozen, cooked, peeled, and processed shrimp, making it a versatile product. As demand grows in both developed and emerging economies, the market size is set to expand substantially in the coming years.

Shrimp Market Trends

The shrimp market is seeing several key trends shaping its future:

Rising Demand for Sustainable Seafood: With increasing consumer awareness about the environmental impact of seafood production, there is a rising demand for sustainably farmed and wild-caught shrimp. Certifications like the Aquaculture Stewardship Council (ASC) and the Marine Stewardship Council (MSC) are becoming more important for consumers seeking environmentally friendly shrimp options.

Increased Focus on Shrimp Aquaculture: Aquaculture continues to be a major source of shrimp production. Technological advancements in shrimp farming, such as improved feed and disease management techniques, are boosting production efficiency and sustainability in the industry.

Health-Conscious Consumer Behavior: The demand for shrimp is rising due to its nutritional benefits. As consumers become more health-conscious, shrimp is being marketed as a lean source of protein that supports heart health and weight management.

Frozen Shrimp Popularity: Frozen shrimp, due to its convenience, long shelf life, and ease of storage, is gaining traction in both retail and food service sectors. This trend is expected to continue as the preference for easy-to-prepare, ready-to-cook meals increases among consumers.

Increasing International Trade: International trade of shrimp has been increasing, with countries like the United States, Japan, and the European Union being major importers. Shrimp is an essential part of the international seafood trade, and the market's expansion is fueled by growing global demand.

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Shrimp Market Growth

The shrimp market's growth is influenced by several factors, including:

Expansion of Shrimp Farming: The shrimp farming industry, especially in countries such as India, Vietnam, and Thailand, is experiencing rapid growth. Improved farming techniques and better supply chain management have led to increased production capacity.

Growing Popularity in Restaurants and Fast-Casual Dining: Shrimp is increasingly featured in restaurant menus and fast-casual dining outlets, driven by its versatility and health benefits. The rise of casual dining and seafood restaurants is contributing to the growth of the shrimp market.

Consumer Preferences for Convenient Products: As consumers lead busier lives, the demand for frozen and ready-to-eat shrimp products has risen. Shrimp can be easily prepared, making it a popular choice for meal kits, frozen dinners, and processed food applications.

Technological Advancements in Shrimp Processing: Shrimp processing technologies, including better freezing and packaging methods, are improving the shelf life and quality of shrimp products. These advancements are making shrimp more accessible to consumers in distant markets, further driving market growth.

Shrimp Market Forecast

The shrimp market is projected to grow at a robust CAGR of 6.30% from 2026 to 2035. This growth will be driven by the increasing consumption of shrimp, advancements in farming technologies, the expansion of shrimp farming regions, and greater consumer preference for sustainable and healthy food options. By 2035, the shrimp market is expected to reach a volume of 15.82 million tons.

The forecasted growth reflects a positive outlook for the shrimp market, especially as developing economies in Asia-Pacific, Latin America, and Africa continue to increase their consumption of seafood products. The rising demand for shrimp in processed and ready-to-eat forms will also be a significant driver of market growth.

Competitive Analysis

The shrimp market is competitive, with several major players leading the industry. Some of the key players in the shrimp market include:

Pacific Seafood: A leading player in the seafood industry, Pacific Seafood is known for its sustainable shrimp farming practices and wide range of shrimp products. The company is dedicated to providing high-quality shrimp to global markets.

Santa Priscila: One of the largest shrimp producers in Latin America, Santa Priscila is known for its commitment to sustainability and innovation in shrimp farming. The company focuses on delivering fresh and frozen shrimp products to customers worldwide.

Thai Union Group PCL: A global leader in the seafood industry, Thai Union is one of the largest shrimp producers in the world. The company's diverse portfolio includes sustainably sourced shrimp and other seafood products, catering to both retail and food service sectors.

Others: The shrimp market also includes several other prominent players who contribute to the market's overall size and growth. These companies focus on expanding their production capacity, improving shrimp farming practices, and ensuring the sustainability of shrimp production.

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