Shrimp Market Share Analysis, Trends, Growth Drivers, and Forecast 2025-2033
- Lakshy Gagda
- Sep 24
- 4 min read
According to the latest report by IMARC Group, 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 global shrimp market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the Shrimp 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.
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Global Shrimp Market Dynamics:
Latest Trends in the Shrimp Market:
The global Shrimp Market is thriving because it serves up a sea of opportunities with sustainable as well as health-focused offerings. Industry experts do note a surge in both organic and eco-certified shrimp, and brands such as Thai Union are leading because they do offer responsibly sourced products for eco-conscious chefs when creating gourmet dishes. China dominates within a 32.7% share in the market. Advanced aquaculture as well as strong seafood demand do fuel this dominance. According to industry data, innovations such as automated shrimp farming increase yields by 15%. The global Shrimp Market is being realized by businesses to be much more than seafood it is also a beacon for nutrition and sustainability supporting restaurants, retail, and supply chains with eco-friendly solutions that do meet demands for health, traceability, and environmental care in such an energetic, seafood-loving world.
Growth Drivers in the Shrimp Market:
The global Shrimp Market, valued at USD 71.87 billion for 2024, grows because people are increasingly aware of health. Aquaculture operations also expand for and propel that growth. Industry surveys suggest that sixty percent of consumers who care about health like shrimp for protein and calories. Farmed shrimp holds to a 55% share because supermarkets do stock frozen shrimp to be for quick meals. Aquaculture technology of advances such as the biofloc systems do improve the production of efficiency by about 12%. Seafood consumption in urban areas still drives demand despite environmental concerns. The global Shrimp Market thrives because consumers prioritize nutritious, convenient foods so it ensures strong expansion across retail, foodservice, and export sectors globally.
Future Demand in the Shrimp Market:
At a 3.90% CAGR, future demand in the global Shrimp Market will reach USD 105.35 billion by 2033. Growth is driven by rising seafood consumption with sustainable farming. Especially in Asia-Pacific, India exports soaring amounts of shrimp therefore premium shrimp reach global tables. That frozen segment is one that will dominate. It will be fueled by convenience trends. Even though there exist a few logistical hurdles, emerging markets like Africa offer some untapped potential. Improved scalability comes from partnerships like Maruha Nichiro’s with aquaculture innovators. For stakeholders, it is possible to leverage all these trends, thus ensuring that the global Shrimp Market meets all rising needs for solutions that are sustainable and nutritious, as they shape a future for thriving seafood trade right across diverse regions.
By the IMARC Group, Some of the Top Competitive Landscape Operating in the Shrimp
Market are Given Below: The Shrimp Market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
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.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/prefeasibility-report-shrimp-processing-plant
Emerging Trends in the Shrimp Market:
Transformative trends will define the global Shrimp Market going forward. Shrimp grown in labs like Shiok Meats' shrimp will target consumers who care about ecology so this will gain ground in North America. Blockchain traces will ensure supply chains are transparent because this aligns with Europe’s regulatory standards. Health appeal will be increased by 10% by functional shrimp products, like omega-3-improved options. Retail that is sustainable will have packaging that is recyclable. As these developments ensure moral, wholesome answers, the total Shrimp Market stays a fish headliner, fulfilling buyer and ecological wants inventively and cautiously.
Shrimp Market Report Segmentation:
Breakup by Environment:
Farmed Shrimp
Wild Shrimp
Breakup by Species:
Penaeus Vannamei
Penaeus Monodon
Macrobrachium Rosenbergii
Others
Breakup by Shrimp Size:
<21
21-25
26-30
31-40
41-50
51-60
61-70
>70
Breakup by Distribution Channel:
Hypermarkets and Supermarkets
Convenience Stores
Hotels and Restaurants
Online Sales
Others
Regional Insights:
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
Market Outlook
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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