Australia Shrimp Market: Seafood Demand, Aquaculture Growth & Export Opportunities

According to IMARC Group, the Australia shrimp market reached a value of USD 1.5 Billion in 2025 and is projected to grow to USD 2.1 Billion by 2034, exhibiting a compound annual growth rate (CAGR) of 3.61% during 2026–2034. This steady expansion highlights shrimp’s strong position within Australia’s broader seafood industry across Australia. Driven by increasing domestic seafood consumption, improved aquaculture practices and expanding export channels, shrimp continues to be a high-value protein category. As health awareness rises and global trade opportunities strengthen, the shrimp market is evolving toward greater sustainability, productivity and international competitiveness.

Why Should Smart Buyers and Investors Know About the Australia Shrimp Market?

Stable Moderate Growth

With a projected CAGR of 3.61%, the market offers steady expansion supported by health-driven demand.

Strong Export Revenue Potential

High-quality standards and international reputation support export diversification.

Technology-Led Productivity Gains

Aquaculture innovations offer opportunities to improve margins and reduce operational risks.

Sustainability-Driven Differentiation

Eco-friendly production practices align with ESG-focused investment frameworks.

Integration With Broader Seafood Industry

Shrimp production contributes significantly to Australia’s overall seafood export portfolio and rural employment.

Recent Trends & Developments in the Australia Shrimp Market

July 2025:

Aquaculture operators adopted enhanced biosecurity measures to strengthen disease control and improve yield stability.

March 2025:

Export shipments expanded to key Asian markets supported by improved cold-chain infrastructure.

October 2024:

Retailers increased availability of ready-to-cook shrimp products to cater to convenience-focused consumers.

The Australia shrimp market represents a resilient segment of the nation’s seafood industry, supported by rising consumer demand, aquaculture modernization and expanding export channels. Backed by IMARC’s steady growth projections, the sector continues to evolve through sustainable farming practices, digital monitoring technologies and value-added product development. As global protein demand increases and environmental accountability strengthens, Australia’s shrimp industry is well positioned to balance productivity with sustainability. For producers, exporters and investors, the shrimp market offers a forward-looking opportunity rooted in health-conscious consumption, technological advancement and growing participation in global seafood trade.

Australia Shrimp Market Vision 2050

1. Sustainable and Climate-Resilient Aquaculture

By 2050, shrimp farming may increasingly rely on energy-efficient systems and water-recycling technologies to reduce environmental impact.

2. Advanced Genetic and Feed Innovations

Selective breeding programs and nutritionally optimized feed solutions may enhance productivity and disease resistance.

3. Digital Monitoring and Traceability

Blockchain-based traceability systems and IoT-enabled farm monitoring may strengthen supply chain transparency.

4. Diversified Export Markets

Australia may broaden its export portfolio to reduce dependency on limited trading partners.

5. Value-Added and Processed Product Expansion

Processed shrimp products, ready-to-cook options and premium packaging formats may enhance market differentiation.

What Are the Key Growth Drivers in the Australia Shrimp Market?

Rising Consumer Demand for Seafood

Shrimp remains one of the most popular seafood products among Australian consumers. Its versatility, relatively quick preparation time and perceived health benefits make it a preferred protein choice in households and foodservice outlets.

Growing Health Consciousness

Consumers are increasingly choosing seafood as a lean protein alternative to red meat. Shrimp’s high protein content and low fat profile align with dietary preferences focused on heart health and balanced nutrition.

Advancements in Aquaculture Production

Technological improvements in aquaculture are enhancing yield efficiency and disease management. Modern farming systems incorporate water quality monitoring, optimized feed formulations and biosecurity measures that improve survival rates and sustainability outcomes.

Expansion of Export Opportunities

Australia’s reputation for high-quality seafood supports export demand across Asia and other international markets. Trade agreements and improved cold-chain logistics are strengthening access to global buyers.

Improved Farming Techniques and Sustainability Practices

The industry is increasingly investing in sustainable aquaculture models, including environmentally controlled farming systems and reduced antibiotic usage. These practices enhance product traceability and meet international regulatory standards.