PUBLISHER: Grand View Research | PRODUCT CODE: 1813795
PUBLISHER: Grand View Research | PRODUCT CODE: 1813795
The global shrimp market size was estimated at USD 75.24 billion in 2024 and is projected to reach USD 121.35 billion by 2033, growing at a CAGR of 5.5% from 2025 to 2033. The growth is primarily driven by rising consumer demand for high-protein, low-fat seafood, increasing popularity of ready-to-cook and frozen shrimp products, and expanding awareness of the health and nutritional benefits of shrimp consumption.
The global demand for seafood, especially shrimp, is increasing as a result of shifting dietary preferences and growing health awareness among consumers. Additionally, heightened awareness of the nutritional benefits of seafood, particularly shrimp, which is rich in essential nutrients such as omega-3 fatty acids and considered a healthier protein source, is further driving the growth of the shrimp industry.
The global shrimp market is propelled by shifting consumer preferences toward premium seafood and gourmet dining experiences. Increasing adoption of sustainable aquaculture practices is attracting environmentally conscious buyers. Technological improvements in breeding and disease control are boosting farm productivity. Additionally, the growth of online seafood retail is expanding market access and convenience for consumers worldwide.
Moreover, the growing demand for convenient and value-added seafood products is boosting shrimp consumption. Expansion of cold chain infrastructure supports wider distribution and longer shelf life. Rising incomes in emerging economies are increasing per capita seafood intake. Supportive government policies and export incentives are encouraging shrimp farming investments.
In addition, the global shrimp industry is experiencing growth due to the rising popularity of high-protein diets and keto-friendly foods. Urbanization and changing lifestyles are driving demand for quick-to-cook, frozen shrimp meals. Tourism and hospitality industry expansion is further increasing shrimp consumption globally. Moreover, international trade liberalization is making shrimp more accessible across diverse markets.
Global Shrimp Market Report Segmentation
This report forecasts volume & revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global shrimp market report based on species, source, form, distribution channel, and region: