Indonesia Shrimp Market to Grow with a CAGR of 4.8% through 2030
Indonesia’s
shrimp market is expanding rapidly, driven by value-added processing growth,
improved cold-chain infrastructure, rising domestic and export demand,
technological modernization, and increasing focus on sustainable, high-quality
aquaculture practices.
According to
TechSci Research report, “Indonesia Shrimp Market – By Region, Competition
Forecast & Opportunities, 2030F”, Indonesia Shrimp Market was valued at
USD 854.92 Million in 2024 and is expected to reach USD 1,132.64 Million by
2030 with a CAGR of 4.8% during
the forecast period. The Indonesia
shrimp market is navigating a dynamic growth path shaped by evolving economic,
environmental, and industry-specific factors that go beyond the conventional
drivers and challenges. The country’s growing role as a value-added seafood
processing hub is opening new opportunities, as global buyers increasingly
prefer suppliers that can deliver not just raw shrimp but also ready-to-cook
and customized product formats. This shift is fostering collaborations between
producers, processors, and international retail chains, enhancing Indonesia’s
competitive positioning. At the same time, improvements in cold-chain logistics
and port handling efficiency are reducing spoilage rates and enabling
consistent year-round supply, which is critical for meeting export contracts.
On the domestic front, the diversification of shrimp-based products in the
culinary and foodservice industry—from traditional dishes to modern fusion
cuisine—is widening the consumer base and strengthening demand resilience
against seasonal fluctuations. Additionally, regional aquaculture development
programs are helping balance production across the archipelago, reducing
overdependence on a few key farming zones and mitigating risks associated with
localized environmental disruptions.
However, the market is also contending
with complex regulatory compliance requirements in both domestic and export
markets, which can be challenging for small-scale farmers and mid-tier
exporters. Price volatility in global shrimp markets, driven by supply gluts or
demand drops in importing countries, adds another layer of uncertainty, pushing
producers to explore differentiated products that can maintain stable margins.
Climate variability, including unexpected changes in rainfall patterns and sea
temperatures, is influencing farming cycles and necessitating adaptive farming
strategies to safeguard yields. Meanwhile, growing scrutiny over social and environmental
practices in aquaculture means that maintaining strong industry credibility now
requires transparency across the supply chain, from hatchery operations to
final shipment. In this landscape, Indonesia’s shrimp sector is evolving into a
more integrated, value-focused, and resilience-oriented industry, balancing
profitability with sustainability and adaptability.
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"Indonesia Shrimp Market.”
The Indonesia
Shrimp market is segmented into species, source, distribution channel and region.
Based on
distribution channels, Online
platforms are the fastest-growing channel, fueled by changing consumer habits,
rapid e-commerce adoption, and improved logistics networks. The trend toward
digital grocery shopping is expected to sustain long-term growth in this
segment. Online sales of shrimp have expanded rapidly in recent years, driven
by the growth of e-commerce platforms and online grocery services. Consumers
are increasingly comfortable purchasing seafood online due to improvements in
cold chain logistics, real-time delivery tracking, and quality assurance
guarantees. Online platforms offer a wide range of options, from raw frozen to
marinated and ready-to-cook shrimp, with the convenience of home delivery. This
channel has been further boosted by the COVID-19 pandemic, which shifted many
consumers toward digital purchasing habits.
Based
on region, Sulawesi is the fastest-growing region, driven by increasing
investment, favorable farming conditions, and rapid adoption of modern
aquaculture practices. Its untapped potential and strategic location make it a
key area for future expansion in Indonesia’s shrimp market. Sulawesi is emerging as a growth hotspot
for shrimp production due to its favorable environmental conditions, including
clean coastal waters and suitable temperatures for year-round farming. The
region is seeing increased investment from both domestic and foreign companies
in intensive aquaculture projects, hatcheries, and processing facilities.
Sulawesi’s geographic location, with access to both domestic consumption
centers and export shipping routes, makes it attractive for integrated shrimp
operations. The region has also begun adopting advanced farming technologies,
such as automated feeding systems and water quality monitoring, to boost yields
and reduce disease risks. While its current production scale is smaller than Java
and Sumatra, Sulawesi’s rapid modernization and availability of suitable land
position it as a strong contender for future market share growth.
Major companies
operating in Indonesia Shrimp market are:
- PT Central
Proteina Prima Tbk
- PT Charoen
Pokphand Indonesia Tbk (CPI)
- Pangudi Luhur
Jaya Abadi Seafoods (PLJ)
- PT Central
Pertiwi Bahari
- PT Dharma
Samudera Fishing Industries
- PT Suri Tani
Pemuka
- PT Bumi Laut
Makmur
- PT Lautan Tirta
Nusantara
- PT Sumber Alam
Bahari
- PT Laut
Nusantara Abadi.
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“In
recent years, while Indonesia has traditionally been
an export-oriented shrimp producer, there is a notable trend toward rising
domestic consumption, fueled by a growing middle class, urbanization, and
changing dietary habits. Consumers in major cities such as Jakarta, Surabaya,
and Medan are increasingly incorporating shrimp into their regular diets,
moving beyond seasonal or festive consumption patterns. This shift is supported
by the expansion of modern retail channels, including hypermarkets,
supermarkets, specialty seafood stores, and e-commerce platforms, which make
shrimp more accessible and appealing through attractive displays, varied
product formats, and competitive pricing. Online grocery platforms, in
particular, have played a pivotal role in broadening market reach, especially
during and after the COVID-19 pandemic, when home delivery services surged in
popularity”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
"Indonesia Shrimp Market, By Species (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, Others), By Source (Aquaculture, Wild), By Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”,
has evaluated the future growth potential of Indonesia Shrimp market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Indonesia Shrimp market.
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