Shrimp Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Pink, White, Brown, Others), By Form (Fresh, Frozen), By Sales Channel (Hypermarkets/Supermarkets, Online, Food Specialty Stores, Others) By Region, By Competition, 2020-2030F

Market Overview

The Global Shrimp Market, valued at USD 72.16 Billion in 2024, is projected to experience a CAGR of 4.92% to reach USD 96.25 Billion by 2030. Shrimp, small marine crustaceans belonging to the infraorder Caridea, represent a significant segment of the global seafood market, valued for their nutritional profile and culinary versatility. The market's expansion is primarily driven by increasing worldwide consumer demand for high-protein, low-fat food sources, coupled with continuous advancements in aquaculture technologies that ensure consistent supply. Further impetus comes from the growing popularity of convenient frozen and ready-to-cook shrimp products, alongside expanding distribution networks. According to a Global Seafood Alliance survey, global farmed shrimp production was approximately 5.6 million metric tons in 2023, with a projected increase to 5.88 million metric tons in 2024.

Despite these growth drivers, the global shrimp market faces considerable challenges, notably the susceptibility to disease outbreaks within aquaculture operations, which can lead to significant production losses and increased operational costs. This, combined with market oversupply in certain periods and regions, can result in volatile global pricing and reduced profitability for producers.

Key Market Drivers

The global shrimp market is significantly propelled by the rising global demand for protein-rich seafood, as consumers increasingly seek nutritious and versatile dietary options. Shrimp offers a compelling combination of high protein and low-fat content, aligning with growing health consciousness and varied culinary applications worldwide. This sustained demand underscores its importance as a staple protein source in many regions. According to the National Fisheries Institute, in 2024, shrimp remained the most consumed seafood in the U. S. in 2022, with annual per capita intake reaching 5.50 pounds. Complementing this demand-side momentum are substantial advancements in aquaculture technology and farming practices. Innovations spanning genetic improvement, feed formulations, disease management, and integrated farming systems have collectively enhanced production efficiency and output. These technological strides allow producers to achieve higher yields and improve shrimp health, ensuring a more consistent and reliable supply to meet market needs. According to the World Aquaculture Society, October 2023, "Shrimp farming advances, challenges, and opportunities", Ecuador, a leading producer, experienced a 25 percent compound annual growth rate in shrimp production from 2020 to Q2 2023, attributed significantly to advancements in farm technology.

These foundational drivers collectively contribute to the robust expansion observed across the global shrimp market. Producers and distributors are continually adapting to leverage these factors, ensuring product availability and meeting evolving consumer preferences, from fresh options to convenient value-added products. According to the Vietnam Association of Seafood Exporters and Producers, March 2025, "Shrimp Consumption Trends in the US, China and EU in the First Months of This Year", in January 2025, the United States imported 71,301 metric tons of shrimp, marking a 20 percent increase in volume compared to January 2024. This growth trajectory reflects the market’s responsiveness to both increasing consumption appetite and enhanced production capabilities.

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Key Market Challenges

The global shrimp market faces considerable headwinds from the pervasive susceptibility to disease outbreaks within aquaculture operations. These outbreaks directly compromise shrimp health, leading to significant mortality rates, reduced yields, and elevated operational expenditures for farmers. The unpredictable nature of diseases such as Early Mortality Syndrome or White Spot Syndrome Virus creates substantial production instability.

This volatility directly hampers market growth by disrupting a consistent supply chain and diminishing producer profitability. For example, according to the Thai Shrimp Association, total shrimp production in Thailand was predicted to decline to 270,000 tonnes in 2024 from 280,000 tonnes in 2023, a reduction largely attributed to disease outbreaks. Such production shortfalls affect the availability of product for both domestic consumption and international trade, thereby limiting the market's overall expansion capacity. Increased biosecurity measures and treatment costs further strain financial viability across the sector.

Key Market Trends

Consumer demand for shrimp is increasingly shaped by preferences for products free from antibiotics and produced through organic methods. This trend reflects a broader consumer focus on health, food safety, and ethical sourcing, compelling producers to adapt their farming practices. Industrial associations are observing a shift towards enhanced animal welfare, which supports antibiotic-free cultivation; for instance, the Global Seafood Alliance reported that its certified processing plants, farms, hatcheries, and feed mills made 493 improvements addressing animal health and welfare in 2023. Responding to this market imperative, Charoen Pokphand Foods Public Company Limited received Antibiotic-Free Product Certification for seven of its shrimp farms in Thailand from SGS (Thailand) Company Limited in April 2024, demonstrating a commitment to meeting these evolving consumer expectations.

The market is also significantly influenced by the increased adoption of sustainable and ethical certifications, reflecting a global drive for environmental stewardship and social responsibility in aquaculture. These certifications provide consumers with assurance regarding the origin and production integrity of shrimp. A new report by the Aquaculture Stewardship Council revealed that over 2 million metric tons of farmed seafood was ASC-certified in 2023, marking an 8.6 percent increase from 2022 and highlighting the growing industry commitment to verified sustainable practices. Further illustrating this trend, Thai Union's 2024 Sustainability Report, released in June 2025, detailed the launch of its lower carbon shrimp project in Thailand, designed to deliver 1,000 metric tons of fully traceable, lower-carbon shrimp, showcasing industry leaders investing in certified sustainable supply chains.

Segmental Insights

The Online segment is emerging as the fastest-growing distribution channel within the Global Shrimp Market. This rapid expansion is primarily driven by evolving consumer purchasing patterns and an increasing demand for convenience. Consumers are increasingly opting for online platforms due to the ease of ordering shrimp products from home and the benefit of direct delivery, which aligns with modern, time-constrained lifestyles. Furthermore, advancements in cold chain logistics and sophisticated cold storage facilities have significantly enhanced the ability of online retailers to maintain product quality and freshness during transit, overcoming traditional challenges associated with perishable goods. This infrastructure, combined with the wider product selection and transparent sourcing information often available online, appeals to a broad consumer base seeking both convenience and quality in their seafood purchases.

Regional Insights

Asia Pacific stands as the leading region in the global shrimp market, primarily driven by its highly developed aquaculture sector and extensive farming practices in key countries such as China, India, and Vietnam. This dominance is underpinned by substantial production capacities and supportive governmental initiatives aimed at fostering industry growth and sustainability. Furthermore, significant domestic consumption, fueled by rising disposable incomes and embedded traditional dietary preferences, propels regional demand. The region’s robust export infrastructure and continuous technological advancements in shrimp cultivation also contribute to its prominent global market position.

Recent Developments

• In September 2025, discussions at the Global Shrimp Forum, presented by dsm-firmenich, highlighted significant developments in novel ingredients for shrimp feed. The industry has been actively developing alternatives to reduce reliance on traditional marine ingredients. Notably, single-cell proteins reached an estimated production volume of 30,000 tons in 2024, with a projected 35% allocated to aquafeeds. Algal oil production was estimated at 20,000 tons in 2024, with approximately 75% utilized by aquaculture. These breakthrough innovations are critical for the sustainability and future resilience of the global shrimp feed market.

• In June 2025, the Climate Smart Shrimp Farming (CSSF) project, a collaborative initiative by JALA and Konservasi Indonesia, announced the successful completion of its first production cycle in Lalombi, Central Sulawesi. This project integrates sustainable shrimp farming practices with ecological restoration, specifically utilizing restored mangrove land as natural biofilters to enhance water quality. The successful harvest of high-quality shrimp, meeting stringent export standards, demonstrated the viability of an aquaculture model that prioritizes both productivity and environmental stewardship. This breakthrough research and collaboration offer a scalable model for environmentally responsible food production within the global shrimp market.

• In December 2024, Ace Aquatec introduced its new A-HSU for Shrimp, a transportable system designed for stunning crustaceans prior to slaughter. This innovation was developed through cooperation with shrimp producers to enhance animal welfare and potentially streamline processing operations within the shrimp industry. The introduction of such specialized equipment signifies advancements in technology aimed at improving efficiency and ethical practices throughout the global shrimp supply chain. This new product launch addresses a key aspect of shrimp processing, contributing to overall market development.

• In September 2024, the Global Shrimp Council (GSC) launched its "Global Shrimp – Happy Protein" marketing campaign, initially targeting the U.S. market. Formed in 2023, the GSC's primary objective is to create a unified industry effort to significantly alter market dynamics for shrimp and encourage increased consumption. The campaign emphasizes shrimp's nutritional value, versatility, and convenience, positioning it as a healthy protein choice. This strategic marketing initiative represents a new product launch in terms of a category brand, aiming to inspire consumers and drive higher per capita consumption across the global shrimp market.

Key Market Players

• Thai Union Group PCL
• Clearwater Seafoods
• Avanti Feeds Limited
• High Liner Foods
• Surapon Foods Public Company Limited
• Mazzetta Company, LLC
• Aqua Star
• Nordic Seafood A/S
• The Waterbase Limited
• Wild Ocean Direct

Report Scope:

In this report, the Global Shrimp Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Shrimp Market, By Type:

o   Pink

o   White

o   Brown

o   Others

• Shrimp Market, By Form:

o   Fresh

o   Frozen

• Shrimp Market, By Sales Channel:

o   Food Specialty Stores

o   Online

o   Hypermarkets/Supermarkets

o   Others

• Shrimp Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Shrimp Market.

Available Customizations:

Global 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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