Product Code: 21580
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.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 72.16 Billion |
| Market Size 2030 | USD 96.25 Billion |
| CAGR 2025-2030 | 4.92% |
| Fastest Growing Segment | Online |
| Largest Market | Asia Pacific |
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.
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.
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.
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:
Shrimp Market, By Form:
Shrimp Market, By Sales Channel:
- Food Specialty Stores
- Online
- Hypermarkets/Supermarkets
- Others
Shrimp Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- 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).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Shrimp Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Pink, White, Brown, Others)
- 5.2.2. By Form (Fresh, Frozen)
- 5.2.3. By Sales Channel (Food Specialty Stores, Online, Hypermarkets/Supermarkets, Others)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
- 5.3. Market Map
6. North America Shrimp Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Form
- 6.2.3. By Sales Channel
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Shrimp Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Form
- 6.3.1.2.3. By Sales Channel
- 6.3.2. Canada Shrimp Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Form
- 6.3.2.2.3. By Sales Channel
- 6.3.3. Mexico Shrimp Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Form
- 6.3.3.2.3. By Sales Channel
7. Europe Shrimp Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Form
- 7.2.3. By Sales Channel
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Shrimp Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Form
- 7.3.1.2.3. By Sales Channel
- 7.3.2. France Shrimp Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Form
- 7.3.2.2.3. By Sales Channel
- 7.3.3. United Kingdom Shrimp Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Form
- 7.3.3.2.3. By Sales Channel
- 7.3.4. Italy Shrimp Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Form
- 7.3.4.2.3. By Sales Channel
- 7.3.5. Spain Shrimp Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Form
- 7.3.5.2.3. By Sales Channel
8. Asia Pacific Shrimp Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Form
- 8.2.3. By Sales Channel
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Shrimp Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Form
- 8.3.1.2.3. By Sales Channel
- 8.3.2. India Shrimp Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Form
- 8.3.2.2.3. By Sales Channel
- 8.3.3. Japan Shrimp Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Form
- 8.3.3.2.3. By Sales Channel
- 8.3.4. South Korea Shrimp Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Form
- 8.3.4.2.3. By Sales Channel
- 8.3.5. Australia Shrimp Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Form
- 8.3.5.2.3. By Sales Channel
9. Middle East & Africa Shrimp Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Form
- 9.2.3. By Sales Channel
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Shrimp Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Form
- 9.3.1.2.3. By Sales Channel
- 9.3.2. UAE Shrimp Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Form
- 9.3.2.2.3. By Sales Channel
- 9.3.3. South Africa Shrimp Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Form
- 9.3.3.2.3. By Sales Channel
10. South America Shrimp Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Form
- 10.2.3. By Sales Channel
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Shrimp Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Form
- 10.3.1.2.3. By Sales Channel
- 10.3.2. Colombia Shrimp Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Form
- 10.3.2.2.3. By Sales Channel
- 10.3.3. Argentina Shrimp Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Form
- 10.3.3.2.3. By Sales Channel
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Shrimp Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Thai Union Group PCL
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Clearwater Seafoods
- 15.3. Avanti Feeds Limited
- 15.4. High Liner Foods
- 15.5. Surapon Foods Public Company Limited
- 15.6. Mazzetta Company, LLC
- 15.7. Aqua Star
- 15.8. Nordic Seafood A/S
- 15.9. The Waterbase Limited
- 15.10. Wild Ocean Direct
16. Strategic Recommendations
17. About Us & Disclaimer