Asia Pacific Shrimp Market to Grow with a CAGR of 6.8% through 2030

The Asia Pacific shrimp market is expanding rapidly, fueled by rising seafood demand, technological advances in aquaculture, product innovation, sustainability initiatives, and increasing export opportunities alongside strong domestic consumption growth.

According to TechSci Research report, “Asia Pacific Shrimp  Market – By Country, Competition Forecast & Opportunities, 2030F”, Asia Pacific Shrimp  Market was valued at USD 38.56 Billion in 2024 and is expected to reach USD 57.22 Billion by 2030 with a CAGR of 6.8% during the forecast period. The Asia Pacific shrimp market is evolving rapidly as it adapts to a dynamic set of forces that are simultaneously propelling growth and creating operational hurdles. On the driver side, one of the most influential factors is the increasing role of regional collaboration and strategic partnerships across the value chain. Producers, governments, and global buyers are working together to create integrated supply networks that enhance resilience and improve long-term competitiveness. This collaboration is enabling investment in infrastructure, capacity-building for small farmers, and the introduction of certification programs that raise the overall quality of production. Another emerging driver is the growing focus on product innovation, with companies experimenting with new shrimp-based offerings, from functional food products rich in protein to gourmet lines targeting health-conscious and premium consumers. These innovations are helping shrimp producers move beyond bulk exports to capture higher margins and diversify their customer base.

Yet, the market is also grappling with structural challenges that influence both short-term performance and long-term sustainability. One of the most pressing issues is the fragmented nature of shrimp farming, where small-scale producers often lack access to advanced technologies, modern farming practices, and financial resources, making them more vulnerable to market fluctuations. This fragmentation leads to inconsistency in supply and quality, posing challenges for meeting the demands of international buyers. Another challenge is the vulnerability of the shrimp supply chain to geopolitical tensions and trade disruptions, which can alter export flows and shift competitive dynamics among key producing nations. Additionally, infrastructure bottlenecks in logistics and cold-chain management, particularly in developing markets, create inefficiencies that limit the ability to fully capitalize on rising demand. Together, these drivers and challenges create a complex market landscape where opportunities are abundant but require strategic coordination, technological adoption, and robust policy support to fully unlock the potential of the shrimp industry in the Asia Pacific region.

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The Asia Pacific Shrimp  market is segmented into species, source, distribution channel, and country.

Based on distribution channels, online has emerged as the fastest-growing distribution channel, driven by the rapid digitization of retail and shifting consumer habits. Online platforms, including grocery delivery apps and seafood-specific marketplaces, are making shrimp accessible to a wide range of consumers. Digital platforms enable detailed product information, home delivery, and value-added services like subscription-based seafood delivery. The COVID-19 pandemic accelerated online seafood purchases, a trend that has persisted as consumers continue to appreciate the convenience and variety offered by digital channels. Producers and retailers are leveraging online platforms to market premium and sustainable shrimp products, targeting tech-savvy urban consumers.

Based on country, Indonesia has emerged as the fastest-growing country in the Asia Pacific shrimp market, fueled by expanding aquaculture investments and increasing government support. The country’s vast coastal areas and favorable climate provide significant potential for vannamei farming, and recent initiatives have focused on scaling production with the help of advanced technologies. International investors and multinational seafood companies are also partnering with Indonesian producers to improve farming practices, processing capabilities, and sustainability standards. The government has set ambitious targets for shrimp export growth, positioning the country as a future leader in global shrimp supply. Rising domestic consumption is also complementing export growth, making Indonesia a dual-force market with both production and demand expansion.

Major companies operating in Asia Pacific Shrimp  market are:

• Thai Union Group Public Company Limited.
• Charoen Pokphand Foods Public Company Limited.
• Minh Phu Seafood Corporation.
• Zhanjiang Guolian Aquatic Products Co., Ltd.
• Maruha Nichiro Corporation.
• Nissui Corporation.
• PT Central Proteina Prima Tbk (CP Prima).
• Devi Sea Foods Limited.
• Apex Frozen Foods Limited.
• Soc Trang Seafood Joint Stock Company (STAPIMEX).

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“In recent years, Asia Pacific has traditionally been export-oriented in its shrimp production, a noticeable trend is the steady expansion of domestic consumption driven by rising incomes, changing lifestyles, and cultural preferences for seafood. In major economies like China, Japan, and India, shrimp is becoming a staple protein not just in restaurants but also in household kitchens, where consumers are experimenting with diverse cooking styles inspired by both traditional recipes and international cuisines. The growing middle class is particularly driving demand for premium shrimp products, including organic, antibiotic-free, and sustainably farmed varieties. In urban markets, consumers are willing to pay a premium for high-quality shrimp that offers assurances of food safety, traceability, and superior taste. Online grocery platforms and modern supermarkets are making such products more accessible, while the increasing popularity of international dining experiences is raising consumer expectations for premium seafood “. Said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

Asia Pacific 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 Country & Competition, Forecast & Opportunities,2020-2030F”, has evaluated the future growth potential of Asia Pacific 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 Asia Pacific Shrimp market.

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