Shrimp Market Growth, Size, Growth Drivers, and Forecast 2025-2033

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 growth. 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:

Rising Consumer Demand for Protein-Rich Seafood:

The growing shift toward healthier dietary patterns has significantly amplified the global demand for protein-rich foods, with shrimp emerging as a preferred choice due to its high protein content, low fat levels, and essential nutrients. As consumers become increasingly health-conscious, particularly in urban areas, shrimp is gaining traction among households, restaurants, and foodservice providers.

This shift is further driven by rising awareness of the benefits associated with seafood consumption, such as improved heart health and weight management. Additionally, the popularity of diets such as keto and paleo—which emphasize lean protein sources—is propelling shrimp sales across major regions. The product’s adaptability in various cuisines also strengthens its global appeal. As a result, producers are focusing on scaling operations, enhancing supply chain logistics, and investing in aquaculture technologies to meet this escalating demand without compromising on quality and sustainability.

Technological Advancements in Aquaculture Practices:

Technological innovations in shrimp farming and aquaculture are revolutionizing the way shrimp is produced, improving yield efficiency, sustainability, and disease control. Recirculating aquaculture systems (RAS), automated feeding technologies, biofloc systems, and real-time monitoring tools are now widely adopted to reduce resource use and enhance productivity. These methods help mitigate traditional challenges such as water pollution, disease outbreaks, and high mortality rates. With increasing investments in precision aquaculture, shrimp producers can optimize feeding schedules, maintain ideal water parameters, and monitor shrimp health remotely.

This has led to improved product consistency, traceability, and compliance with international food safety standards. Moreover, the integration of artificial intelligence and IoT in shrimp farming supports data-driven decision-making, allowing farms to scale operations efficiently. As the industry adopts these cutting-edge technologies, it is poised to meet global supply demands while aligning with sustainability and environmental conservation goals.

Global Trade Expansion and Export-Oriented Growth:

The expansion of global trade routes, coupled with favorable government policies and rising international demand, is driving the shrimp market's export-oriented growth. Countries such as India, Vietnam, Ecuador, and Indonesia have emerged as leading exporters, benefiting from competitive production costs and robust aquaculture infrastructure. Meanwhile, markets like the United States, Japan, and Europe are witnessing heightened imports to meet consumer demands, especially for processed and ready-to-cook shrimp products.

Tariff reductions, free trade agreements, and improved cold chain logistics are also facilitating the smooth cross-border movement of shrimp, enhancing market penetration for producers. However, with this growth comes a heightened emphasis on quality assurance, traceability, and adherence to global food safety standards. Exporters are now focusing on certifications such as ASC and BAP to build trust with international buyers and retailers. This trend is shaping a more competitive and transparent global shrimp market landscape.

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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Global Shrimp Market Trends:

The shrimp market is witnessing a transformative phase driven by the growing popularity of value-added and ready-to-eat products. Consumers increasingly prefer convenient formats such as marinated, pre-cooked, and frozen shrimp, aligning with busy lifestyles and modern eating habits. Sustainability is also gaining prominence, with eco-conscious buyers favoring responsibly farmed and certified products. Additionally, digital retail and e-commerce platforms are accelerating shrimp sales by offering greater product visibility and accessibility. These evolving consumer preferences are reshaping marketing strategies, product innovation, and distribution models across the shrimp industry.

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:

• <21 
• 21-25
• 26-30
• 31-40
• 41-50
• 51-60
• 61-70
• >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’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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