The Reports and Insights, a leading market research company, has recently releases report titled “Shrimp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033.” The study provides a detailed analysis of the industry, the report also includes competitor and regional analysis and highlights the latest advancements in the market. The global Shrimp Market Size was valued at US$ 68.6 billion in 2024 and is expected to register a CAGR of 5.9% over the forecast period and reach US$ 114.9 billion in 2033.
Shrimp Market Overview
The shrimp market encompasses the farming, catching, selling, and distribution of shrimp for the consumption of food industries all over the world. Shrimps have become one of the most popular seafood items because of their high nutritional value and versatility in use. The market has both wild-caught and cultivated varieties. Shrimp is an important export product of several coastal countries and an ingredient of many cuisines worldwide.
The world shrimp market has seen steady growth over the past decade, owing to rising demand from consumers, restaurants, and food processing industries. Asia Pacific is the largest producer & exporter, especially India, Vietnam, and Thailand, while key consumers are in North America & Europe. The market offers a wide variety of products, including frozen, canned, value-added and ready-to-eat shrimp, available at different prices to suit consumer preferences.
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Shrimp Market Growth Factors & Challenges
A rising level of seafood consumption owing to dietary trends and health benefits is anticipated to drive the growth of the shrimp market. The growth of aquaculture practices and technology in shrimp farming has enhanced production efficiency and output. Also, the increased spending ability of consumers applied with globalization of cuisine is fuelling strong demand in developing and developed economies. People can easily get available supermarkets and e-commerce platforms.
The market is facing a harsh reality with outbreaks of disease in shrimp farms affecting supply chain and farmers’ livelihood. Environmental issues, like water contamination and habitat destruction, cause problems with regulations and sustainability. Issues surrounding barriers to trade as well as quality control exist in the market. Apart from this, a price fluctuation is due to a changing feed cost, a supply that does not matter globally and so on. Shrimp processing is another sector that increasing looks to minimize unethical labour practices.
Key suggestions for the report:
- Pink shrimp by type segment is anticipated to dominate the market share during the forecast period. Pink shrimp are preferred for their mild flavour and versatility in cooking. These options are easily available from the wild as well as farmed sources.
- Frozen, by form segment is expected to capture the highest market share during the forecast period due to longer shelf life, convenience of global transport, and demand from foodservice and retail sectors.
- Frozen by end-user is expected to dominate the market share during the forecast period. It is likely to be driven by it is use in restaurants, catering and ready-to-cook meal segment. It is used due to their longer storage and easy to cook and serve convenience.
- On the basis of distribution channel, hypermarkets and supermarket is expected to hold the largest market share during the forecast period due to wide product availability, competitive pricing and are preferred for bulk and regular household purchases.
- It is expected that Asia Pacific by region will hold the largest market share during the forecast period, attributable to the large shrimp production, high consumption and strong export activities of countries like India, Vietnam and Thailand.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the shrimp market share.
Key Trends in Shrimp Industry
The shrimp market is witnessing new trends such as consumer preference for sustainable aquaculture and certified products. Plant-based and lab-grown shrimp have become the focus of a small part of the growing alternative protein movement. More money is being put into smart farming technology and automation to make better yields while resisting disease. Ready-to-cook and pre-seasoned shrimp products are easily found in the retail section nowadays owing to their convenience and changing lifestyles.
Shrimp Market Key Applications & Industry Segments
The shrimp market is segmented by type, form, end-user, and region.
By Type
- Pink
- White
- Brown
- Others
By Form
- Frozen
- Canned
By End-user
- Frozen
- Canned
By Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Online Sales Channels
By Region
- North America (US and Canada)
- Latin America (Brazil, Mexico, Argentina, & Rest of LATM)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Benelux, Nordic, & Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, ASEAN, Australia & New Zealand, & Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, South Africa, United Arab Emirates, Israel, & Rest of MEA)
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Leading Manufacturers in the Shrimp Market
Some of the key manufacturers which are included in the shrimp market report are:
- Aqua Star Corp.
- Avanti Feeds Ltd.
- Clearwater Seafoods Inc.
- High Liner Foods Inc.
- Marine Harvest
- Maruha Nichiro Corporation
- Nippon Suisan Kaisha
- Nordic Seafoods A/S
- Surapon Foods
- Thai Union Group
Key Attributes
| Report Attributes | Details |
| No. of Pages | 276 |
| Market Forecast | 2025-2033 |
| Market Value (USD) in 2024 | 68.6 billion |
| Market Value (USD) in 2033 | 114.9 billion |
| Compound Annual Growth Rate (%) | 5.9% |
| Regions Covered | Global |
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