IMARC Group’s latest report, titled “Shrimp Market Size, Share, Trends and Forecast by Environment, Species, Shrimp Size, Distribution Channel, and Region, 2025-2033”, offers a comprehensive analysis of the industry, which comprises insights on the shrimp market. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global shrimp market size was valued at USD 71.87 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 105.35 Billion by 2033, exhibiting a CAGR of 3.90% from 2025-2033. China currently dominates the market, holding a market share of over 32.7% in 2024. The region’s shrimp market share is driven by the increasing consumer demand for seafood products, the growing awareness about the health benefits associated with shrimp consumption, and the rising adoption of aquaculture practices, resulting in higher shrimp production.

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Increasing Consumer Demand for Sustainable and Eco-Friendly Shrimp Farming:

The demand for sustainably sourced seafood has surged in recent years, prompting shrimp producers to adopt environmentally responsible aquaculture practices. With growing concerns over overfishing, habitat destruction, and chemical usage in shrimp farms, consumers and regulatory bodies are pushing for more sustainable shrimp production methods. One of the most notable trends is the adoption of biofloc and recirculating aquaculture systems (RAS), which help reduce water pollution, minimize disease outbreaks, and improve shrimp survival rates. These systems allow shrimp farmers to reuse water efficiently, lower antibiotic dependency, and enhance biosecurity measures, addressing key sustainability challenges in the industry. Additionally, land-based shrimp farming is gaining momentum, offering a closed-loop, controlled environment that significantly reduces the environmental impact of shrimp aquaculture. Certification programs such as the Aquaculture Stewardship Council (ASC), Best Aquaculture Practices (BAP), and Marine Stewardship Council (MSC) are playing a crucial role in ensuring responsible shrimp farming. These certifications help shrimp producers gain access to premium markets while giving consumers confidence in ethically sourced shrimp. As major retailers and foodservice chains prioritize sustainability in seafood procurement, the demand for eco-labeled shrimp is expected to increase substantially.

Furthermore, alternative shrimp feed solutions are being explored to reduce reliance on fishmeal and fish oil, which contribute to marine ecosystem depletion. Innovations in insect-based protein feeds, algae-based omega-3 sources, and plant-based alternatives are helping shrimp farmers transition to more sustainable feeding practices. The growing preference for sustainable seafood is reshaping the shrimp market, compelling producers, suppliers, and retailers to adopt environmentally responsible practices. As consumers become more conscious of their purchasing decisions, sustainability-driven innovations will continue to shape the shrimp industry's future growth.

Rising Popularity of Value-Added and Ready-to-Eat Shrimp Products:

The changing consumer lifestyle and increasing demand for convenience foods have led to a surge in demand for value-added shrimp products. Traditional raw and frozen shrimp still hold a significant market share, but ready-to-cook, pre-seasoned, and breaded shrimp products are witnessing unprecedented growth in both retail and foodservice sectors. Busy consumers are seeking quick, easy-to-prepare meal solutions, driving the demand for marinated, peeled, deveined, and pre-cooked shrimp options. Leading seafood brands are responding by expanding their product portfolios, offering microwaveable shrimp dishes, shrimp-based snacks, and high-protein shrimp meal kits. These innovations cater to health-conscious consumers who want nutritious and flavorful seafood options without lengthy preparation times.

Additionally, shrimp-based protein alternatives are gaining traction among plant-based and flexitarian consumers. Some companies are developing shrimp analogs using plant proteins, seaweed extracts, and fungi-based ingredients, providing a sustainable and allergen-free alternative to traditional seafood. The rise of alternative seafood products is expected to influence the shrimp market, prompting companies to diversify their offerings and tap into new consumer segments. In the foodservice industry, shrimp remains a staple protein, with an increasing number of restaurants, fast-food chains, and sushi outlets incorporating shrimp-based dishes into their menus. The demand for spicy shrimp tacos, shrimp tempura, and Cajun-seasoned shrimp dishes continues to grow, particularly among millennials and Gen Z consumers who seek bold, international flavors. As the global appetite for shrimp-based convenience foods expands, seafood companies will continue to introduce innovative, ready-to-eat shrimp products that cater to changing consumer preferences and dietary trends.

Expansion of Shrimp Farming in Emerging Markets to Meet Global Demand:

The shrimp industry is witnessing a major shift in production hubs, with emerging markets in Asia, Latin America, and Africa playing a crucial role in meeting the growing global demand. Countries like India, Vietnam, Indonesia, Ecuador, and Thailand have become leading shrimp exporters, leveraging favorable climatic conditions, technological advancements, and government-backed initiatives to expand shrimp aquaculture operations. India, for instance, has significantly boosted its shrimp production capacity, particularly in vannamei (whiteleg shrimp) farming, which offers high yields, disease resistance, and faster growth cycles. Similarly, Ecuador has strengthened its position as a key supplier to North American and European markets, focusing on sustainable shrimp farming techniques, genetic improvements, and traceability measures.

In addition, automation and AI-driven aquaculture solutions are transforming shrimp farming operations. Advanced real-time monitoring systems, automated feeding technologies, and AI-based water quality management are enabling farmers to optimize shrimp growth, minimize waste, and improve overall efficiency. The integration of blockchain technology in shrimp supply chains is further enhancing traceability and transparency, ensuring compliance with international food safety standards. However, the expansion of shrimp farming also comes with challenges, including disease outbreaks, climate change effects, and fluctuating feed prices. Shrimp farmers are increasingly investing in probiotic solutions, selective breeding programs, and biosecurity measures to mitigate these risks and maintain consistent production levels. The continued investment in shrimp farming infrastructure, coupled with technological advancements and sustainable practices, is expected to drive long-term growth in the global shrimp market, ensuring a steady supply to meet rising consumer demand.

Leading Key Players Operating in the Shrimp Industry:

• Apex Frozen Foods Ltd.
• Aqua Star (Admiralty Island Fisheries Inc.)
• Charoen Pokphand Foods PCL
• Grand Ocean Seafoods Co. Ltd.
• Grupo Ibérica Congelados S.A.
• Liveris Afentoulis & Co.
• Mazzetta Company LLC
• Nordic Seafood A/S (Nippon Suisan Kaisha Ltd.)
• Ocean More Foods Co. Ltd.
• Pacific Seafood
• Seaprimexco Vietnam
• Thai Union Group PCL

Shrimp Market Trends:

The shrimp market is evolving rapidly, with sustainability, value-added products, and technological advancements shaping its future. One of the key trends is the rising demand for responsibly farmed and certified shrimp, as consumers prioritize ethical sourcing and environmental impact. Retailers and foodservice providers are increasingly favoring shrimp from certified sustainable sources, pushing farmers to adopt eco-friendly production methods. Additionally, the shift toward processed and ready-to-eat shrimp products is redefining the industry. With busy lifestyles and demand for convenience, pre-cooked, marinated, and frozen shrimp options are becoming more mainstream. This trend is further amplified by changing dietary preferences, as more consumers look for protein-rich, nutritious seafood choices.

The geographic expansion of shrimp production is also playing a crucial role in meeting growing global demand. Countries in Asia and Latin America continue to scale up aquaculture production, integrating AI-driven monitoring, automated feeding, and disease management systems to improve yield efficiency. As the shrimp market moves forward, innovations in sustainability, automation, and product diversification will shape its growth, ensuring a resilient and future-ready industry.

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Key Market Segmentation:

Analysis by Environment:

• Farmed Shrimp
• Wild Shrimp

Analysis by Species:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

Analysis by Shrimp Size:

• <21 
• 21-25
• 26-30
• 31-40
• 41-50
• 51-60
• 61-70
• >70

Analysis by Distribution Channel:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report: 

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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