Shrimp Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Form, By Sales Channel By Region, By Competition, 2020-2030F

Description

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:

Pink
White
Brown
Others

Shrimp Market, By Form:

Fresh
Frozen

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:

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
- 5.1.1. By Value
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
- 6.1.1. By Value
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
    - 6.3.1.1.1. By Value
  - 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
    - 6.3.2.1.1. By Value
  - 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
    - 6.3.3.1.1. By Value
  - 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
- 7.1.1. By Value
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
    - 7.3.1.1.1. By Value
  - 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
    - 7.3.2.1.1. By Value
  - 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
    - 7.3.3.1.1. By Value
  - 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
    - 7.3.4.1.1. By Value
  - 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
    - 7.3.5.1.1. By Value
  - 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
- 8.1.1. By Value
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
    - 8.3.1.1.1. By Value
  - 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
    - 8.3.2.1.1. By Value
  - 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
    - 8.3.3.1.1. By Value
  - 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
    - 8.3.4.1.1. By Value
  - 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
    - 8.3.5.1.1. By Value
  - 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
- 9.1.1. By Value
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
    - 9.3.1.1.1. By Value
  - 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
    - 9.3.2.1.1. By Value
  - 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
    - 9.3.3.1.1. By Value
  - 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
- 10.1.1. By Value
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
    - 10.3.1.1.1. By Value
  - 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
    - 10.3.2.1.1. By Value
  - 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
    - 10.3.3.1.1. By Value
  - 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