Thailand Shrimp Market to Grow with a CAGR of 4.8% through 2030

 Thailand’s shrimp market is expanding through technological innovation, sustainable farming practices, diversified export destinations, and rising domestic seafood demand, strengthening its position as a leading global shrimp producer and exporter.

According to TechSci Research report, “Thailand Shrimp Market – By Region, Competition Forecast & Opportunities, 2030F”, Thailand Shrimp Market was valued at USD 1.56 Billion in 2024 and is expected to reach USD 2.07 Billion by 2030 with a CAGR of 4.8% during the forecast period. The Thailand shrimp market is evolving in response to shifting consumer preferences, competitive pressures, and strategic industry adaptations that extend beyond traditional growth and constraint factors. Increasing culinary diversification in both domestic and export markets is prompting producers to tailor products to specific tastes, textures, and preparation styles, moving away from a one-size-fits-all approach. The blending of traditional Thai seafood recipes with contemporary cooking techniques is giving rise to niche product categories that cater to premium and health-conscious consumers.

Additionally, the expansion of cold storage capacity and investment in decentralized processing hubs are reducing transit times, improving freshness, and enabling smaller farming communities to participate more actively in the value chain. In parallel, heightened collaboration between academia, government agencies, and private enterprises is fostering innovation in breeding, disease resilience, and feed optimization, ensuring a pipeline of new solutions to enhance productivity and competitiveness. The market is also experiencing a quiet but notable diversification in export destinations, with increasing shipments to emerging economies in the Middle East, Latin America, and Eastern Europe, which helps reduce dependence on traditional high-demand regions. On the challenge side, the need to manage labor availability and skill development is becoming more pronounced as the industry modernizes and shifts toward technology-intensive operations. The requirement for specialized knowledge in automation, digital monitoring, and international compliance is creating gaps that require targeted workforce training programs. Furthermore, environmental variability—such as irregular rainfall patterns and changing salinity levels—poses operational risks that demand adaptive farming systems and more resilient infrastructure. These nuanced dynamics are reshaping the competitive landscape, compelling industry participants to think beyond volume growth and focus on differentiation, resilience, and strategic market positioning to maintain Thailand’s strong standing in the global shrimp sector.

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The Thailand Shrimp market is segmented into species, source, distribution channel and region.

Based on distribution channel, online sales are the fastest-growing distribution channel, fueled by the rising popularity of e-commerce, home delivery convenience, and the expansion of cold chain capabilities. This channel is rapidly capturing younger and tech-savvy consumer segments, as well as busy households seeking easy access to seafood. On the species front, Penaeus vannamei remains not only the leader but also the fastest-growing, as production efficiency, disease resistance, and consumer versatility make it the most scalable option for both domestic consumption and export markets. The growth is further accelerated by the increasing development of value-added vannamei products tailored for retail, foodservice, and online platforms.

Based on region, Eastern Thailand is the fastest-growing region, driven by rapid adoption of sustainable farming practices, advanced production technologies, and a strong focus on high-value export markets. The eastern provinces’ combination of innovation, infrastructure, and proximity to major export ports positions them for significant future expansion, even as the southern region maintains its production leadership. Eastern Thailand is one of the country’s shrimp production powerhouses, with provinces such as Chonburi, Rayong, and Chanthaburi leading in intensive aquaculture operations. The region is well-known for its adoption of advanced farming technologies, disease management practices, and sustainable aquaculture certifications, which enable it to supply premium-grade shrimp to export markets. Eastern Thailand also benefits from having access to both the domestic consumer base and export shipping routes via Laem Chabang Port. The area is particularly strong in value-added processing and is home to many farms certified under international sustainability standards. Its combination of production scale, technological sophistication, and market access makes it one of the leading contributors to the Thai shrimp industry.

Major companies operating in Thailand Shrimp market are:

• Charoen Pokphand Foods Public Company Limited
• Thai Union Group Public Company Limited
• Thai Union Frozen Products Public Co., Ltd.
• Thai Union Manufacturing Co., Ltd.
• Thai Union Seafood Co., Ltd.
• Sea Value Group
• Seafresh Group
• Prantalay Marketing Co., Ltd.
• Siam Canadian Group
• Surapon Foods Public Company Limited.

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“In recent years, the rapid growth of e-commerce in Thailand and globally is creating new opportunities for shrimp producers to connect directly with consumers, bypassing traditional wholesale and retail intermediaries. Online grocery platforms, seafood specialty e-shops, and even social media marketplaces are becoming important sales channels for fresh, frozen, and value-added shrimp products. For domestic consumers, the convenience of ordering seafood online and receiving it at their doorstep—often within the same day—has driven a surge in online seafood purchases. Producers and processors are leveraging this trend by developing branded online storefronts, offering subscription models, and providing custom product bundles to cater to diverse household needs. High-quality cold chain logistics, supported by innovations in insulated packaging and temperature-controlled last-mile delivery, ensure that shrimp products retain their freshness and quality during transport. On the export front, e-commerce is allowing Thai companies to tap into overseas consumer markets through cross-border platforms, especially in regions with high seafood consumption such as China, Hong Kong, and Singapore.” Said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

Thailand 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 Thailand 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 Thailand Shrimp market.

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