Shrimp Market Report | Market Size, Industry Analysis, Growth Opportunities, & Forecast (2025-2030)

Shrimp Market Overview

The global shrimp market is experiencing substantial growth, driven by rising consumer demand for protein-rich, low-fat seafood products. Shrimp is one of the most widely consumed seafood items, valued for its nutritional benefits, versatility in cooking, and growing popularity in ready-to-eat and frozen food segments. Key market drivers include increased health awareness, expanding aquaculture production, and the rising demand for convenient, processed shrimp products.

Technological advancements in shrimp farming, such as improved feed formulations and disease management, are boosting production efficiency and yield. Additionally, sustainability initiatives, including traceability systems and eco-friendly aquaculture practices, are gaining momentum as consumers become more environmentally conscious.

The market is segmented by product type (frozen, fresh, and processed shrimp), distribution channels (supermarkets/hypermarkets, online platforms, specialty stores), and regions (North America, Europe, Asia-Pacific, and others). Asia-Pacific, led by countries like China, India, and Vietnam, dominates global shrimp production and exports due to favorable climatic conditions and a well-established aquaculture industry.

This comprehensive report provides insights into market trends, competitive dynamics, key innovations, and growth opportunities, helping stakeholders navigate challenges and capitalize on emerging trends in the evolving shrimp market.

Market Report Coverage:

The “Shrimp Market Report—Future (2025-2030)” by Digiroads Research & Consulting covers an in-depth analysis of the following segments in the market.

Study Assumptions and Definitions

This report on the global shrimp market is based on key assumptions and industry definitions to provide accurate, data-driven insights. It assumes that market dynamics, including supply, demand, and pricing, are influenced by external factors such as global economic conditions, trade regulations, and aquaculture production trends. The impact of sustainability practices, technological advancements in shrimp farming, and changing consumer preferences toward seafood consumption is also considered.

The market is defined by key product types, including fresh, frozen, and processed shrimp. Distribution channels covered in the analysis include supermarkets/hypermarkets, online platforms, specialty stores, and convenience stores. The regional scope focuses on North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The report includes definitions for critical terms such as “processed shrimp,” which refers to shrimp that has undergone value-adding treatments like cleaning, cooking, or packaging. “Frozen shrimp” includes both raw and cooked varieties, preserved for extended shelf life.

It also assumes that shrimp aquaculture and fishing trends will continue to shape market growth, with sustainability and traceability playing increasingly important roles. Data projections are based on historical market performance, expert opinions, and current industry trends.

Market Scope

The shrimp market report provides a comprehensive analysis of the global shrimp industry, focusing on market trends, growth factors, challenges, and emerging opportunities. The scope includes key product types such as fresh, frozen, and processed shrimp, reflecting consumer preferences and evolving demand patterns. It examines major distribution channels, including supermarkets/hypermarkets, online platforms, specialty stores, and convenience stores, to highlight shifts in purchasing behavior.

The report covers key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, offering insights into regional production, consumption, and trade dynamics. Special emphasis is placed on Asia-Pacific, which dominates the shrimp market due to its robust aquaculture sector.

Additionally, the scope extends to examining technological advancements in shrimp farming, sustainability practices, and regulatory developments affecting the industry. The analysis aims to assist stakeholders in making informed decisions and leveraging opportunities in this rapidly evolving market.

MARKET OUTLOOK

Executive Summary

The global shrimp market is experiencing steady growth due to increasing consumer demand for seafood, particularly shrimp, which is valued for its nutritional benefits, versatility, and low fat content. Key factors driving market expansion include the rising popularity of protein-rich diets, a shift toward frozen and processed food consumption, and advancements in aquaculture. Additionally, increasing awareness of sustainability and traceability in seafood production has led to growing interest in eco-friendly shrimp farming practices.

The market is segmented by product type, distribution channel, and geography. Product types include fresh, frozen, and processed shrimp, with frozen shrimp leading due to its extended shelf life and convenience. Distribution channels analyzed in the report include supermarkets/hypermarkets, online platforms, specialty stores, and convenience stores, with online sales witnessing rapid growth due to increased e-commerce adoption.

Regionally, Asia-Pacific dominates the market, driven by large-scale shrimp aquaculture in countries like China, India, Thailand, and Vietnam. These countries are key exporters, supplying shrimp to North America, Europe, and other regions. Meanwhile, developed markets like North America and Europe are experiencing increasing demand for sustainably sourced and traceable shrimp products.

Technological innovations in aquaculture, such as disease management, improved feed formulations, and advanced freezing methods, are boosting production efficiency and quality. However, challenges like disease outbreaks, fluctuating shrimp prices, and stringent import regulations in major markets may impact industry growth.

Despite these challenges, opportunities exist in expanding shrimp production through sustainable aquaculture practices, meeting the rising demand for plant-based seafood alternatives, and leveraging e-commerce to improve market reach.

This report provides valuable insights into competitive dynamics, recent developments, and strategic recommendations, helping stakeholders capitalize on emerging trends and navigate the evolving shrimp market landscape.

COMPETITIVE LANDSCAPE

The shrimp market is highly competitive, with key players focusing on sustainability, product innovation, regional expansion, and technological advancements.

Key Market Players

• Thai Union Group PCL
• Mazzetta Company, LLC
• Clearwater Seafoods Incorporated
• High Liner Foods
• Maruha Nichiro Corporation
• Royal Greenland A/S
• Nordic Seafood A/S
• Surapon Foods Public Company Limited
• Ocean More Foods Co., Ltd.
• Avanti Feeds Ltd.
• Nippon Suisan Kaisha, Ltd.
• Charoen Pokphand Foods PCL
• The Waterbase Limited
• Seaprimexco Vietnam
• Pacific Seafood Group

Market Share Analysis

The global shrimp market is highly fragmented, with numerous key players operating across different regions and contributing to market dynamics. Asia-Pacific holds the largest market share, driven by leading shrimp-producing countries such as India, China, Thailand, and Vietnam. These countries benefit from favorable climatic conditions, well-established aquaculture practices, and large export volumes to regions like North America and Europe.

Frozen shrimp dominates the product segment, accounting for a significant share due to its longer shelf life, convenience, and rising demand for ready-to-cook options. Processed shrimp, including peeled, deveined, and breaded varieties, is also gaining traction due to the growing popularity of convenient seafood products.

In terms of distribution channels, supermarkets/hypermarkets capture a considerable share, but online platforms are rapidly expanding as consumers increasingly prefer digital shopping.

Market leaders like Thai Union Group PCL, Mazzetta Company, and Maruha Nichiro Corporation focus on enhancing sustainability, leveraging advanced aquaculture techniques, and strengthening global distribution networks to maintain their competitive positions. Smaller players are also gaining market share by targeting niche markets and adopting eco-friendly practices. Overall, the shrimp market is expected to grow steadily, driven by increasing global demand, innovation, and sustainability-focused strategies.

MARKET DYNAMICS

Market Drivers and Key Innovations

The shrimp market is expanding rapidly, fueled by several key drivers. One of the primary market drivers is the rising global demand for protein-rich, low-fat seafood. Shrimp is highly valued for its nutritional benefits, including high protein content, essential vitamins, and omega-3 fatty acids, making it a popular choice among health-conscious consumers. Additionally, the increasing adoption of frozen and processed shrimp, due to its longer shelf life and convenience, further contributes to market growth.

Technological advancements in shrimp farming are another significant driver. Innovations such as improved feed formulations, disease-resistant shrimp varieties, and biofloc technology are enhancing aquaculture productivity and reducing environmental impact. These technologies also help mitigate common industry challenges like disease outbreaks and fluctuating yields.

Sustainability is a crucial trend shaping the shrimp market, with consumers demanding eco-friendly and traceable products. Companies are adopting sustainable aquaculture practices, including reduced antibiotic usage, water recycling systems, and traceability solutions that ensure transparency in the supply chain.

E-commerce has emerged as a key innovation in shrimp distribution. With the rapid rise of online grocery platforms, more consumers are opting to purchase frozen and processed shrimp online, accelerating market growth.

Product innovations, such as ready-to-eat shrimp snacks, breaded shrimp, and plant-based shrimp alternatives, are also expanding the market by catering to diverse consumer preferences. These innovations, along with increased investments in sustainable aquaculture, are expected to create new opportunities for stakeholders and drive the long-term growth of the shrimp market.

Market Challenges

1. Disease Outbreaks in Shrimp Aquaculture: Frequent disease outbreaks, such as Early Mortality Syndrome (EMS) and White Spot Syndrome Virus (WSSV), significantly impact shrimp farming yields and profitability.
2. Stringent Regulatory Standards: Import regulations in major markets like the U.S., Europe, and Japan impose strict quality, safety, and sustainability standards, increasing compliance costs for producers and exporters.
3. Price Volatility: Global shrimp prices are highly volatile due to fluctuations in supply, trade policies, and changing demand patterns, affecting profit margins for stakeholders.
4. Environmental Concerns: Unsustainable farming practices, overfishing, and habitat destruction contribute to environmental degradation, leading to stricter environmental policies and consumer scrutiny.
5. Supply Chain Disruptions: The shrimp supply chain is vulnerable to disruptions caused by pandemics, geopolitical tensions, and natural disasters, which can impact production, logistics, and exports.
6. Competition from Alternative Proteins: The rising popularity of plant-based and lab-grown seafood alternatives poses a challenge to the traditional shrimp market.
7. Labor Shortages: Shrimp farming and processing are labor-intensive industries, and labor shortages, particularly in developing countries, can hamper production efficiency.
8. High Production Costs: Rising feed, energy, and operational costs make shrimp farming expensive, especially for small-scale producers, reducing competitiveness.

Market Opportunities

1. Rising Demand for Sustainable Seafood: Increasing consumer awareness about sustainability presents opportunities for shrimp producers to adopt eco-friendly and traceable farming practices to capture a growing market segment.
2. Expansion of Online Distribution Channels: The rapid growth of e-commerce platforms provides shrimp producers and retailers with an opportunity to expand their market reach by offering frozen and processed shrimp online.
3. Innovation in Shrimp Products: Development of value-added products, such as ready-to-eat, marinated, and breaded shrimp, offers opportunities to cater to the convenience-seeking consumer segment.
4. Growing Demand in Emerging Markets: Increasing disposable income and changing dietary preferences in emerging markets like India, Brazil, and Southeast Asian countries create opportunities for market expansion.
5. Technological Advancements in Aquaculture: Innovations such as biofloc technology, automated feeding systems, and disease-resistant shrimp breeds can help improve yields, reduce costs, and enhance overall production efficiency.
6. Plant-Based and Lab-Grown Shrimp Alternatives: The growing interest in plant-based and cell-cultured seafood offers opportunities for companies to diversify their product portfolios and cater to the alternative protein market.
7. Focus on Premium and Organic Shrimp: Rising demand for premium, organic, and antibiotic-free shrimp provides an opportunity for producers to differentiate their products and attract health-conscious consumers.
8. Public-Private Partnerships (PPPs): Collaborations between governments, NGOs, and industry stakeholders can help support sustainable shrimp farming, address regulatory challenges, and promote export growth.

RECENT STRATEGIES & DEVELOPMENTS IN THE MARKET

1. Sustainability Initiatives:

• Thai Union Group launched a fully traceable shrimp product line under its sustainability program “SeaChange 2023” to meet growing consumer demand for sustainable seafood.
• Major shrimp producers in India have adopted biofloc technology to improve water efficiency and minimize environmental impact.

1. Product Innovation:

• Maruha Nichiro Corporation introduced value-added frozen shrimp products, including breaded and seasoned shrimp, targeting convenience-driven consumers.
• Plantish, a food tech company, is developing plant-based shrimp alternatives to meet the rising demand for vegan and cruelty-free seafood options.

1. Global Expansion and Acquisitions:

• Charoen Pokphand Foods expanded its shrimp production facilities in Vietnam to strengthen its export capacity and cater to global markets.
• Mazzetta Company increased its investment in cold storage and logistics infrastructure to expand its footprint in North America and Europe.

1. Digital and E-commerce Growth:

• Leading shrimp producers have partnered with e-commerce platforms to improve direct-to-consumer sales and capitalize on the rising online grocery trend.
• Online shrimp sales have grown by approximately 25% in key markets like the U.S. and Europe.

1. Technological Advancements:

• Automation in shrimp processing and adoption of advanced freezing techniques have improved efficiency and product quality.
• Companies are leveraging blockchain technology to enhance shrimp traceability, ensuring transparency from farm to fork.

1. Research and Development (R&D):

• Nippon Suisan Kaisha invested in R&D to develop disease-resistant shrimp varieties, aiming to reduce losses due to aquaculture diseases.
• Collaborative R&D programs with universities and research centers focus on sustainable feed and antibiotic alternatives.

KEY BENEFITS FOR STAKEHOLDERS

1. Market Insights and Trends: Stakeholders, including producers, suppliers, and investors, gain valuable insights into current market trends, consumer preferences, and emerging opportunities.
2. Strategic Decision-Making: Comprehensive analysis helps businesses make informed strategic decisions related to product development, market entry, and expansion.
3. Competitive Edge: Understanding the competitive landscape enables stakeholders to assess key competitors, recent innovations, and market positioning to enhance their competitive advantage.
4. Identification of Growth Opportunities: The report highlights lucrative market segments, regional growth drivers, and potential untapped markets, helping stakeholders focus on high-growth areas.
5. Sustainability and Compliance Guidance: Companies can benefit from insights on sustainability trends, regulatory requirements, and best practices to meet global standards and consumer expectations.
6. Innovation and Product Development: Analysis of technological advancements and R&D efforts provides guidance for developing innovative and value-added shrimp products.
7. Supply Chain Optimization: Insights on supply chain challenges and recent developments help stakeholders improve efficiency, reduce costs, and enhance traceability.
8. Enhanced Customer Engagement: Understanding consumer behavior and demand for sustainable, organic, and convenience-driven products allows businesses to align their offerings accordingly.
9. Investment and Partnership Opportunities: Investors and stakeholders can identify potential partnership opportunities, mergers, and acquisitions to strengthen their market presence.

At DigiRoads Research, we emphasize reliability by employing robust market estimation and data validation methodologies. Our insights are further enhanced by our proprietary data forecasting model, which projects market growth trends up to 2030. This forward-thinking approach ensures our analysis not only captures the current market landscape but also anticipates future developments, equipping stakeholders with actionable foresight.

We go a step further by offering an exhaustive set of regional and country-level data points, supplemented by over 60 detailed charts at no additional cost. This commitment to transparency and accessibility allows stakeholders to gain a deep understanding of the industry’s structural and operational dynamics. By providing exclusive and hard-to-access data, DigiRoads Research empowers businesses to make informed strategic decisions with confidence.

In essence, our methodology and data delivery foster a collaborative and data-driven decision-making environment, enabling businesses to navigate industry challenges and capitalize on opportunities effectively.

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Table of Contents

• INTRODUCTION

  • Market Overview
  • Years Considered for Study
  • Market Segmentation
  • Study Assumptions and Definitions
  • Market Scope

• RESEARCH METHODOLOGY

• MARKET OUTLOOK

  • Executive Summary
  • Market Snapshot
• Market Segments 

• By Product Type :
  • Fresh, Frozen, Processed Shrimp

• By Distribution Channel :
  • Supermarkets, Online, Specialty Stores, Convenience Stores

• COMPETITIVE LANDSCAPE

• Recent Strategies (Key Strategic Moves)
• Market Share Analysis
• Company Profiles
  • Thai Union Group PCL
  • Charoen Pokphand Foods PCL
  • Maruha Nichiro Corporation
  • Nippon Suisan Kaisha, Ltd.
  • Mazzetta Company, LLC
  • Apex Frozen Foods Ltd.
  • Clearwater Seafoods Inc.
  • High Liner Foods Inc.
  • Avanti Feeds Ltd.
  • Royal Greenland A/S

• MARKET DYNAMICS

  • Market Drivers
  • Market Challenges
  • Market Opportunities
  • Porter’s Five Forces’ Analysis
    • Bargaining Power of Suppliers
    • Bargaining Power of Buyers
    • Threat of New Entrant
    • Threat of Substitutes
    • Competitive Rivalry

• GLOSSARY OF PROMINENT SECONDARY SOURCES

• DISCLAIMER

• ABOUT US