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

Market Overview

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 experiencing robust growth driven by a combination of rising seafood consumption, expanding aquaculture practices, and increasing export demand from global markets. Shrimp has become a staple protein in the region’s diet, supported by rising disposable incomes, urbanization, and the shift toward high-protein, low-fat diets that align with growing health consciousness among consumers. Governments across the region, particularly in India, Vietnam, Thailand, Indonesia, and China, are actively supporting aquaculture development through subsidies, advanced farming technologies, and improved cold-chain logistics, which have significantly boosted shrimp production and export capacity. Technological advancements such as biofloc systems, recirculating aquaculture systems, and disease-resistant shrimp breeds are enhancing productivity, reducing mortality rates, and ensuring year-round supply stability. Export-oriented production is also rising sharply, with countries like Vietnam and India consolidating their position as global leaders in shrimp exports, benefiting from favorable trade agreements and competitive pricing. Meanwhile, domestic demand within Asia Pacific is expanding as well, particularly in China and Japan, where seafood is an integral part of culinary culture. The increasing presence of organized retail formats and e-commerce platforms is reshaping the shrimp distribution landscape, making both fresh and frozen shrimp more accessible to middle-class consumers. Sustainability is emerging as a key trend, with growing emphasis on traceability, eco-certifications, and responsible farming practices, as international buyers and conscious consumers increasingly demand sustainable seafood. Additionally, the foodservice sector, including restaurants, quick-service chains, and hotels, is driving steady demand for value-added shrimp products such as peeled, deveined, and ready-to-cook varieties. Investments from leading seafood companies into vertically integrated operations—spanning feed production, farming, processing, and global distribution—are strengthening supply chains and improving quality control. Challenges such as fluctuating feed costs, disease outbreaks, and climate change-related risks persist, but industry players are mitigating these through innovation in feed efficiency, genetics, and water management. With rising per capita seafood consumption, supportive policy frameworks, expanding export opportunities, and growing retail penetration, the Asia Pacific shrimp market is poised to remain one of the most dynamic and competitive segments of the global seafood industry in the coming years.

Key Market Drivers

Rising Seafood Consumption and Changing Dietary Preferences

One of the most prominent drivers fueling the Asia Pacific shrimp market is the surge in seafood consumption, spurred by evolving dietary preferences across the region. Shrimp, in particular, has gained wide acceptance as a versatile and nutritious protein source that caters to diverse culinary traditions. The rapid rise in disposable incomes in major economies such as China, India, Indonesia, and Vietnam has shifted consumer diets toward higher-value protein sources, with shrimp being preferred for its rich taste, ease of preparation, and low-fat, high-protein nutritional profile. According to a collaborative study by ICAR (Indian Council of Agricultural Research) and IFPRI, in association with WorldFish, India’s annual per-capita fish consumption increased from 4.9 kg in 2005 to 8.89 kg in 2021—a substantial rise of over 81%. Among populations with regular fish-eaters. Urbanization has also played a vital role, as younger populations in metropolitan areas are increasingly opting for convenient, ready-to-cook, and processed seafood options, which has strengthened the demand for both fresh and frozen shrimp products. Moreover, the rising health awareness among consumers has further amplified shrimp’s appeal, given its abundance of essential nutrients such as omega-3 fatty acids, vitamins, and minerals. In addition, international exposure through tourism, media, and globalized food culture has introduced Asian consumers to diverse shrimp-based cuisines, while premium seafood dining experiences have become increasingly common. As foodservice and retail channels respond with innovative offerings—ranging from shrimp snacks and sushi to value-added packaged shrimp—the appeal of shrimp continues to widen. This consistent increase in domestic consumption, combined with shrimp’s established role in traditional Asian diets, ensures a robust and sustainable demand base that is central to the growth of the regional shrimp industry.

Expansion and Modernization of Aquaculture Practices

The rapid development of aquaculture across the Asia Pacific region has emerged as a key structural driver of shrimp market expansion. Traditional shrimp farming, once limited in scale and subject to high mortality risks, has evolved into a more sophisticated and technology-driven practice capable of ensuring steady supply. Countries like India, Vietnam, Thailand, Indonesia, and China have invested heavily in aquaculture infrastructure, enabling them to become leading global suppliers of farmed shrimp. Vietnam’s aquaculture output has surged from 4.1 million tons in 2018 to 5.7 million tons in 2024, marking a 38% increase, with shrimp farming playing a pivotal role—accounting for 1.264 million tons of output in 2024 alone (brackish water farming area: 737,000 hectares; whiteleg shrimp ~980,000 tons; black tiger ~284,000 tons). Modern techniques such as biofloc technology, recirculating aquaculture systems, and the use of specific pathogen-free (SPF) broodstock have greatly reduced disease outbreaks, increased yields, and improved water efficiency. Governments are also providing extensive support through subsidies, training programs, and investment in cold-chain logistics, ensuring that farmers can scale operations while maintaining quality and safety standards demanded by export markets. Furthermore, integration of smart aquaculture tools—such as IoT-enabled sensors for water quality monitoring, automated feeding systems, and advanced breeding technologies—is improving farm productivity and reducing operational costs. Private sector investments from multinational seafood companies are fostering vertically integrated supply chains that cover feed production, farming, processing, and distribution, which enhances both quality assurance and global competitiveness. The ability to produce shrimp year-round at controlled scales has shifted the market from a largely wild-catch-dependent industry to a highly aquaculture-driven one, ensuring greater stability of supply and positioning Asia Pacific as the dominant player in global shrimp exports. This modernization of aquaculture not only strengthens the export capacity of regional players but also ensures the availability of shrimp to meet rising domestic consumption.

Growing Export Demand and Global Trade Opportunities

Another critical growth driver for the Asia Pacific shrimp market is the increasing export demand from international markets, particularly the United States, Europe, and Japan. Asia Pacific countries dominate global shrimp exports, with India and Vietnam consistently ranking among the top suppliers. Favorable trade agreements, competitive production costs, and the ability to meet stringent international food safety standards have positioned the region as a reliable source of shrimp for developed economies. As global seafood demand continues to grow, driven by the preference for lean protein and the increasing adoption of seafood in Western diets, Asia Pacific suppliers are expanding their international footprints. Exporters have diversified product portfolios to include not only raw shrimp but also value-added varieties such as breaded, marinated, peeled, and ready-to-cook shrimp, catering to the convenience-driven preferences of global consumers. In addition, the strong reputation of Asian producers for meeting sustainability and traceability standards has helped strengthen their access to premium markets where certifications such as ASC (Aquaculture Stewardship Council) and MSC (Marine Stewardship Council) are valued. The rise of e-commerce platforms and global distribution networks has further enabled small and medium shrimp exporters to access distant markets with greater ease. For many Asia Pacific economies, shrimp exports are a major source of foreign exchange earnings, which incentivizes both governments and private enterprises to invest in scaling production and improving quality control. Even as challenges such as tariff barriers, biosecurity regulations, and environmental concerns exist, the robust global demand for shrimp continues to create long-term opportunities for Asia Pacific producers. This strong external pull factor, combined with the region’s ability to deliver at scale and at competitive prices, ensures that export markets remain a powerful driver of growth for the shrimp industry.

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Key Market Challenges

Disease Outbreaks and Biosecurity Risks

One of the most persistent and damaging challenges facing the Asia Pacific shrimp market is the threat of disease outbreaks, which can devastate shrimp farming operations and destabilize supply chains. Pathogens such as White Spot Syndrome Virus (WSSV), Early Mortality Syndrome (EMS), and Acute Hepatopancreatic Necrosis Disease (AHPND) have historically caused massive losses in shrimp farms across the region, leading to reduced production and significant economic setbacks. The intensive nature of modern aquaculture practices, while boosting yields, has also made farms more susceptible to the rapid spread of diseases due to high stocking densities and water quality management issues. Small-scale farmers, who dominate the shrimp farming landscape in many countries, often lack access to advanced biosecurity measures, modern diagnostic tools, or the financial resources needed to recover from disease outbreaks. Even large-scale producers, despite their investments in pathogen-free broodstock and controlled farming systems, remain vulnerable to evolving pathogens and environmental stressors that can trigger epidemics. Moreover, disease outbreaks not only reduce yields but also tarnish the reputation of exporting countries, as importing nations often impose strict restrictions or bans when shrimp shipments are suspected to be contaminated. Maintaining stringent biosecurity, improving farm-level disease surveillance, and ensuring consistent quality standards are therefore ongoing challenges that demand significant financial investment, research support, and farmer education. Without strong solutions, disease outbreaks remain one of the most unpredictable and severe risks to the sustained growth of the shrimp industry in Asia Pacific.

Environmental and Sustainability Concerns

The environmental footprint of shrimp farming poses another critical challenge to the market, as rising global awareness around sustainability increasingly influences both consumer preferences and trade policies. Traditional shrimp aquaculture has often been criticized for its ecological impact, including mangrove deforestation, water pollution from effluents, and the overuse of antibiotics and chemicals. These practices have led to declining biodiversity in coastal areas, conflicts with local fishing communities, and heightened scrutiny from international buyers who demand responsibly sourced seafood. Climate change compounds these challenges, as rising sea temperatures, salinity fluctuations, and extreme weather events directly impact shrimp survival rates and farming productivity. Furthermore, international markets such as Europe and North America are tightening regulations and setting higher standards for traceability, eco-certification, and carbon footprint reduction, compelling producers in Asia Pacific to adopt more sustainable methods. While large, export-oriented companies are increasingly investing in eco-friendly farming practices such as biofloc systems, integrated multi-trophic aquaculture, and renewable energy-powered facilities, many small-scale farmers struggle to comply with sustainability benchmarks due to high costs and limited technical knowledge. Failure to adapt to these evolving sustainability requirements risks losing access to lucrative export markets and facing reputational damage. Balancing profitability with environmentally responsible farming practices is thus a major challenge, and one that will define the long-term competitiveness of the Asia Pacific shrimp industry in a world where consumers and regulators alike are prioritizing sustainability.

Market Volatility, Trade Barriers, and Cost Pressures

The shrimp market in Asia Pacific is also significantly challenged by the volatility of international trade, fluctuating input costs, and rising competition. Shrimp exports are highly sensitive to global price trends, foreign exchange fluctuations, and shifts in demand from major importing regions. For instance, an oversupply of shrimp in global markets can quickly lead to price crashes, squeezing profit margins for farmers and exporters across Asia. Trade barriers such as tariffs, anti-dumping duties, and stringent import standards further complicate access to key markets, forcing producers to navigate complex compliance processes and absorb higher costs of certification and logistics. At the same time, the cost of essential inputs such as feed, seed, and energy continues to rise, placing additional financial strain on farmers. Feed, which constitutes the largest share of shrimp production costs, is particularly vulnerable to global price fluctuations in raw materials like soybean meal and fishmeal, making it difficult for producers to maintain profitability. Additionally, competition among leading shrimp-exporting nations—such as India, Vietnam, Thailand, and Indonesia—intensifies price wars and reduces bargaining power in international markets. Domestic markets, while expanding, are also highly price-sensitive, leaving little room for producers to pass on increased costs to consumers. The presence of substitute proteins, such as chicken, fish, or plant-based alternatives, further pressures shrimp pricing dynamics. This mix of market volatility, regulatory hurdles, and rising input costs presents a formidable challenge for industry stakeholders, requiring them to continually innovate, improve efficiency, and diversify markets in order to remain resilient in a highly competitive global environment.

Key Market Trends

Rising Adoption of Value-Added and Processed Shrimp Products

A significant trend reshaping the Asia Pacific shrimp market is the growing preference for value-added and processed shrimp products. Traditionally, shrimp was consumed fresh or frozen with minimal processing, but shifting consumer lifestyles, particularly in urban centers, are creating demand for convenient, ready-to-cook, and ready-to-eat seafood. Time-pressed middle-class consumers in countries like China, India, Japan, and South Korea are increasingly drawn to peeled, deveined, breaded, marinated, and flavored shrimp options that reduce preparation time without compromising on taste or nutrition. This is also fueled by the expansion of modern retail outlets and food delivery services that rely heavily on processed shrimp as part of their quick-service menus. Export-oriented suppliers have recognized this trend and are diversifying their product portfolios to include shrimp snacks, frozen meal kits, and innovative shrimp-based products targeting global retail chains. The foodservice industry is further reinforcing this shift, as restaurants and quick-service outlets prefer standardized processed shrimp products that ensure consistency and reduce kitchen labor. For producers, value-added processing provides opportunities to capture higher margins, differentiate their offerings, and reduce dependency on fluctuating raw shrimp prices. However, the move toward processed shrimp also demands investments in advanced processing facilities, cold-chain logistics, and compliance with international safety standards. As both domestic and international consumers increasingly seek convenience-driven seafood options, the value-added shrimp segment is expected to become a major growth pillar within the Asia Pacific market, reshaping traditional production and consumption patterns.

Digitalization and Technological Integration in Shrimp Farming

The Asia Pacific shrimp industry is undergoing a technological transformation as farmers and processors embrace digital tools and advanced systems to improve efficiency, sustainability, and traceability. Shrimp aquaculture, historically dependent on manual labor and traditional practices, is increasingly adopting smart farming technologies such as Internet of Things (IoT)-enabled sensors, automated feeding systems, water quality monitoring devices, and AI-driven data analytics. These technologies allow farmers to track oxygen levels, pH balance, temperature, and salinity in real time, enabling proactive management that improves survival rates and reduces disease risks. Drone surveillance and satellite imagery are also being utilized for large-scale farm monitoring, while blockchain technology is emerging as a tool to ensure transparent traceability throughout the supply chain, particularly for exports to regions with strict sustainability requirements. On the processing side, automation and robotics are improving yield efficiency, product consistency, and labor productivity, addressing challenges posed by workforce shortages and rising labor costs. Digitalization is not limited to production alone—e-commerce platforms are also transforming distribution by connecting shrimp farmers and processors directly with consumers, both domestically and internationally. For small and medium-scale farmers, the adoption of digital tools also opens avenues for better access to financing and insurance, as lenders gain confidence from real-time operational data. This growing reliance on technology is setting a new benchmark for the industry, ensuring that efficiency, quality, and sustainability are at the forefront of shrimp production in Asia Pacific.

Focus on Sustainability and Eco-Certification

Sustainability has moved from being a niche consideration to a mainstream requirement in the Asia Pacific shrimp market, driven by rising consumer awareness, stricter international regulations, and pressure from global buyers. Shrimp farming has long faced criticism for its environmental impacts, including mangrove deforestation, effluent discharge, and heavy reliance on antibiotics and chemicals. In response, industry stakeholders are increasingly adopting eco-friendly farming practices, such as biofloc systems, integrated multi-trophic aquaculture, and recirculating aquaculture systems, which reduce waste and enhance resource efficiency. Certification schemes like the Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP) are gaining prominence, as exporters recognize that compliance with these certifications is essential for maintaining access to lucrative markets in Europe, North America, and Japan. Consumers are also showing growing preference for sustainably farmed shrimp, particularly millennials and younger generations who prioritize ethical and environmentally responsible food choices. Large seafood companies in the region are investing in sustainability initiatives, including renewable energy adoption in processing plants, water recycling systems, and improved waste management techniques. At the same time, digital tools such as blockchain are being used to document and verify eco-friendly practices, strengthening transparency and consumer trust. Although achieving sustainability comes with cost and knowledge barriers for small-scale farmers, government and NGO-led training programs are helping bridge these gaps. As global trade policies increasingly align with sustainability objectives, the focus on eco-certification and responsible farming is not only a trend but an imperative that will shape the long-term competitiveness of the Asia Pacific shrimp industry.

Segmental Insights

Species Insights

Penaeus vannamei, or whiteleg shrimp, dominates the Asia Pacific shrimp market and has established itself as the leading species due to its adaptability, high survival rates, and cost-effective farming profile. This species has become the backbone of aquaculture across India, Vietnam, Thailand, Indonesia, and China, with farms rapidly expanding its cultivation over the past two decades. Its advantages include fast growth cycles, tolerance to a wide range of salinity levels, and compatibility with intensive and semi-intensive farming systems. Furthermore, whiteleg shrimp are particularly popular in international markets because of their consistent size, mild flavor, and suitability for processing into peeled, deveined, and breaded forms. As a result, they form the bulk of shrimp exports from Asia Pacific to the United States, Europe, and Japan. The relatively low production cost of vannamei shrimp has also enabled exporters to remain competitive globally, even during periods of price volatility. With global buyers increasingly demanding reliable supply and standardized quality, vannamei shrimp continues to be the leading species in both production and trade.

Distribution Channel Insights

Hypermarkets and supermarkets represent a leading channel in the shrimp distribution market, driven by urbanization, organized retail expansion, and rising consumer preference for convenient access to seafood. These outlets provide consumers with both fresh and frozen shrimp varieties in standardized packaging with clear labeling, ensuring food safety and traceability. Modern retail formats also facilitate the sale of value-added shrimp products such as marinated, breaded, and ready-to-cook varieties, aligning with the demand for convenience. As disposable incomes rise and consumers increasingly shop in organized retail spaces, supermarkets and hypermarkets continue to dominate shrimp distribution in urban markets. Convenience stores play a smaller role in shrimp distribution compared to larger retail formats but remain important in urban centers where quick, frequent shopping trips are common. They typically stock frozen and packaged shrimp products, targeting consumers seeking easy access to seafood without visiting larger supermarkets. While their contribution to total shrimp sales is limited, convenience stores benefit from high foot traffic and growing penetration in metropolitan areas.

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Country Insights

India has emerged as the leading country in the Asia Pacific shrimp market, driven by its dominance in farmed vannamei shrimp production and strong export orientation. Over the past decade, India has transformed into the world’s largest exporter of shrimp, supplying vast quantities to the United States, Europe, and Japan. The country’s favorable climatic conditions, availability of coastal farming areas, and widespread adoption of specific pathogen-free (SPF) broodstock have supported large-scale aquaculture. Indian shrimp is particularly competitive in international markets because of its cost efficiency, consistent quality, and ability to meet strict food safety standards. The government has also played a critical role by promoting aquaculture-friendly policies, providing subsidies, and facilitating cold-chain and processing infrastructure. While the domestic market is expanding steadily, exports remain the backbone of India’s shrimp industry, cementing its position as the regional leader.

Recent Developments

• Thai Union initiated a Shrimp Decarbonization program in March 2024, aimed at reducing greenhouse gas emissions within its shrimp supply chain. The pilot targets production of 1,000 metric tons of lower-impact processed shrimp at high quality standards.  
• In February 2025, JALA organized Shrimp Outlook 2025 in Yogyakarta, gathering 350 industry professionals—from farmers to experts—to discuss Indonesia’s shrimp sector. The event featured the launch of JALA’s annual report, revealing a productivity boost from 10.35 to 11.55 tonnes per hectare between 2023 and 2024, particularly in Bali–Nusa Tenggara.
• At Seafood Expo Asia (September 2024), Grupo Aquamar—a shrimp producer based in Honduras—announced plans to bolster brand presence in Singapore and Hong Kong. The strategy focuses on enhancing retail and direct-to-consumer channels with premium, sustainably farmed vannamei shrimp, aiming to deepen market penetration in Asia’s high-value urban markets.

Key Market Players

• 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).

Report Scope:

In this report, the Asia Pacific shrimp market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Asia Pacific Shrimp Market, By Species:

o   Penaeus Vannamei

o   Penaeus Monodon

o   Macrobrachium Rosenbergii

o   Others

• Asia Pacific Shrimp Market, By Source:

o   Aquaculture

o   Wild

• Asia Pacific Shrimp Market, By Distribution Channel:

o   Hypermarkets & Supermarkets

o   Convenience Stores

o   Specialty Stores

o   Online

o   Others

• Asia Pacific Shrimp Market, By Country:

o   China

o   India

o   Japan

o   Australia

o   Indonesia

o   Rest of APAC

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Asia Pacific shrimp market.

Available Customizations:

Asia Pacific shrimp market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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