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 growth. 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 Metal Casting Market Dynamics:

Increasing Global Seafood Consumption and Nutritional Value:

The global shrimp market is experiencing robust growth driven by the increasing global appetite for seafood, fueled by rising disposable incomes and a growing awareness of the nutritional benefits of shrimp. Shrimp is a rich source of protein, omega-3 fatty acids, and essential minerals, making it an attractive dietary choice for health-conscious consumers worldwide. This increasing consumer preference for seafood, coupled with the versatility of shrimp in various culinary applications, is a primary driver for market expansion. Furthermore, the growing global population necessitates increased food production, and aquaculture, particularly shrimp farming, plays a crucial role in meeting this demand, further stimulating market growth.

Expansion of Aquaculture and Technological Advancements:

The aquaculture sector, particularly shrimp farming, has witnessed significant expansion and technological advancements, playing a pivotal role in meeting the escalating global demand for shrimp. Innovations in farming techniques, feed management, and disease control have led to increased yields and improved efficiency in shrimp production. The development of sustainable aquaculture practices, such as recirculating aquaculture systems and integrated multi-trophic aquaculture, is also gaining traction, addressing environmental concerns associated with traditional shrimp farming. These advancements in aquaculture technologies and sustainable practices are crucial in ensuring a consistent and growing supply of shrimp to meet global market demands.

Growing Demand for Processed and Convenience Shrimp Products:

The global shrimp market is witnessing a rising demand for processed and convenience shrimp products, driven by changing consumer lifestyles and the increasing need for ready-to-eat and easy-to-prepare food options. This includes frozen shrimp, peeled and deveined shrimp, cooked shrimp, and various value-added shrimp products such as shrimp cocktails, breaded shrimp, and shrimp-based meals. The convenience and ease of preparation offered by these processed shrimp products cater to the busy lifestyles of modern consumers, particularly in urban areas. This growing demand for processed and convenience shrimp is creating new opportunities for market players to innovate and expand their product offerings.

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:

1. Apex Frozen Foods Ltd.

2. Aqua Star (Admiralty Island Fisheries Inc.)

3. Charoen Pokphand Foods PCL

4. Grand Ocean Seafoods Co. Ltd.

5. Grupo Ibérica Congelados S.A.

6. Liveris Afentoulis & Co.

7. Mazzetta Company LLC 

8. Nordic Seafood A/S (Nippon Suisan Kaisha Ltd.)

9. Ocean More Foods Co. Ltd. 

10. Pacific Seafood 

11. Seaprimexco Vietnam 

12. 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

Global Shrimp Market Trends:

The global shrimp market is characterized by several evolving trends. A significant trend is the increasing focus on sustainability and traceability throughout the shrimp supply chain. Consumers and regulatory bodies are increasingly demanding information about the origin, farming practices, and environmental impact of shrimp products. This is driving the adoption of traceability technologies and sustainable aquaculture certifications to ensure responsible sourcing and production. Another prominent trend is the growing demand for organic and antibiotic-free shrimp.

Consumers are becoming more health-conscious and are willing to pay a premium for shrimp produced without the use of antibiotics or harmful chemicals. This demand is encouraging shrimp farmers to adopt organic and sustainable farming practices. Furthermore, the market is witnessing an increasing diversification of shrimp products and processing methods, with a focus on developing innovative and value-added products that cater to specific consumer preferences and culinary trends. The rise of e-commerce and online retail channels is also transforming the way shrimp is distributed and sold, providing consumers with greater access to a wider variety of shrimp products.

Shrimp Market Report Segmentation:

Breakup by Environment:

1. Farmed Shrimp

2. Wild Shrimp

Breakup by Species:

1. Penaeus Vannamei

2. Penaeus Monodon

3. Macrobrachium Rosenbergii

4. Others

Breakup by Shrimp Size:

1. <21 

2. 21-25

3. 26-30

4. 31-40

5. 41-50

6. 51-60

7. 61-70

8. >70

Breakup by Distribution Channel:

1. Hypermarkets and Supermarkets

2. Convenience Stores

3. Hotels and Restaurants

4. Online Sales

5. Others

Regional Insights:

1. North America (United States, Canada)

2. Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

3. Europe (Germany, France, United Kingdom, Italy, Spain, Others)

4. Latin America (Brazil, Mexico, Others)

5. Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

1. Market Performance

2. Market Outlook 

3. COVID-19 Impact on the Market

4. Porter’s Five Forces Analysis

5. Historical, Current and Future Market Trends

6. Market Drivers and Success Factors

7. SWOT Analysis

8. Structure of the Market

9. Value Chain Analysis

10. 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.

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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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