Emerging Growth Patterns Driving Expansion in the Frozen Shrimp Market

The frozen shrimp market is on track for substantial expansion as demand for convenient and sustainable seafood options continues to rise globally. Advances in production, logistics, and regulatory frameworks are shaping the industry's trajectory, while new product innovations and growing consumer awareness are opening fresh avenues for growth. Let's explore the current market size, key players, trends, and segmentation within this evolving sector.

Frozen Shrimp Market Size and Growth Outlook Through 2030
The frozen shrimp market is projected to grow significantly, reaching a value of $38.83 billion by 2030. This represents a compound annual growth rate (CAGR) of 8.7% during the forecast period. Several factors contribute to this growth, including the increasing demand for certified sustainable shrimp, improvements in cold chain logistics infrastructure, and a rising consumer preference for convenient seafood products. Additionally, stricter food safety regulations and ongoing innovations in shrimp farming practices are supporting market expansion. Key trends expected to influence the market include wider adoption of individually quick frozen (IQF) shrimp, increased consumption of farmed shrimp varieties, a stronger focus on traceability and quality control, diversification of frozen shrimp product lines, and greater emphasis on export-driven processing.

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Leading Companies Dominating the Frozen Shrimp Industry
A number of prominent companies play a vital role in the frozen shrimp market's competitive landscape. These include Thai Union Group PCL, Austevoll Seafood ASA, Pacific Seafood, High Liner Foods Inc., Royal Greenland A/S, Clearwater Seafoods, Devi Seafoods Ltd., Ocean Choice International, Omarsa S.A., Surapon Foods Plc., Apex Frozen Foods Limited, Aqua Star, Nordic Seafood A/S, Minh Phu Seafood Corporation, Blue Star Seafood Co. Ltd., SeaPak Shrimp Company, Grand Ocean Seafoods Co. Ltd., Charoen Pokphand Foods Public Co. Ltd., Zhanjiang Guolian Aquatic Products Co. Ltd., Avanti Feeds Limited, Nekkanti Sea Foods, and Sandhya Aqua Export Pvt Ltd.

Strategic Acquisition Strengthening European Market Presence
In September 2025, Suempol Sp. z o.o., a seafood processor based in Poland, acquired the Belgian shrimp company Van Biesen & Pieters for an undisclosed sum. This acquisition aims to broaden Suempol's frozen shrimp portfolio, enhance shrimp processing and distribution capabilities, and bolster its foothold within the European seafood market. Van Biesen & Pieters specializes in processing various shrimp, including wild-caught North Sea shrimp, and is well-regarded in Belgium's seafood industry.

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Innovative Product Development Creating Market Opportunities
Frozen shrimp producers are responding to consumer demand for easy-to-prepare, high-quality seafood by innovating with new product formats like frozen shrimp dumplings. These pre-made and often partially cooked dumplings offer convenience while maintaining freshness through freezing. For example, in May 2024, Chinese frozen food manufacturers Sanquan Food Co. Ltd. and Synear introduced nutritious frozen shrimp dumplings targeted at children. This product taps into China's growing market for convenient, healthy, and tasty kids' food options.

Frozen Shrimp Market Segmentation by Species, Source, Application, and Distribution
The frozen shrimp market is segmented based on species, which include Gulf Shrimp, Giant Tiger Shrimp, Ocean Shrimp, Farmed Whiteleg Shrimp, Black Tiger Shrimp, Royal Red Shrimp, and Blue Shrimp. The market is also divided according to source, distinguishing conventional from organic shrimp. Applications cover household or retail consumption, food service or HoReCa channels (hotels, restaurants, cafés), food processing industries, as well as ready-to-eat and ready-to-cook products. Distribution channels comprise both online and offline sales platforms.

Detailed Subtypes Within Key Species Categories
Further sub-segmentation breaks down the species groups, such as Gulf Shrimp into Brown, White, and Pink Gulf Shrimp; Giant Tiger Shrimp into wild-caught and farmed varieties; Ocean Shrimp into wild-caught and farmed types; Farmed Whiteleg Shrimp represented by Pacific Whiteleg Shrimp; Black Tiger Shrimp as farmed Black Tiger Shrimp; Royal Red Shrimp categorized by wild-caught and frozen forms; and Blue Shrimp including wild-caught and farmed according to source.

In summary, the frozen shrimp market is positioned for robust growth driven by sustainability initiatives, supply chain enhancements, product innovation, and expanding global demand. The presence of strong players and ongoing strategic moves like acquisitions are further fueling this upward trajectory as the market evolves toward more diversified and consumer-focused offerings.

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This release was published on openPR.