Global Shrimp Market: Size, Trends, and Forecast (2025–2033)

According to Renub Research Latest Report shrimp market is expected to grow from USD 68.84 billion in 2024 to USD 102.48 billion by 2033, registering a CAGR of 4.52% from 2025 to 2033. The market’s expansion is fueled by rising seafood consumption, increasing health awareness, technological advancements in aquaculture, and growing demand for frozen and processed shrimp worldwide.

Global Shrimp Market Overview

Shrimp is a small, edible crustacean highly prized for its subtle flavor, high protein content, and low-calorie value, making it a preferred choice in healthy diets. It is prepared in multiple ways—grilled, steamed, fried, or used as an ingredient in soups, salads, and gourmet dishes.

From a nutritional standpoint, shrimp provides omega-3 fatty acids, vitamin B12, iodine, and astaxanthin, an antioxidant. Omega-3 fatty acids help reduce inflammation and support cardiovascular health, while iodine is critical for thyroid function and metabolism. Shrimp is also low in fat, high in protein, and supports muscle development and weight management. Its antioxidant properties contribute to skin health and anti-aging effects. However, individuals with shellfish allergies or cholesterol issues should exercise caution.

Shrimp’s nutritional richness, versatility in culinary applications, and growing awareness of healthy eating habits are driving global market demand.

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Growth Drivers in the Global Shrimp Market

1. Growing Demand for Protein-Rich Seafood

Shrimp is a lean, high-protein food, which appeals to health-conscious consumers. Increasing trends in healthy eating, fitness culture, and pescatarian diets have led to higher shrimp consumption. Restaurants, fast-food chains, and home-cooked meals are increasingly including shrimp due to its flavor, versatility, and health benefits.

In June 2023, Norwegian aquafeed producer Skretting launched Elevia, an advanced shrimp feed for hatcheries and nurseries, designed to improve nutrition, water quality, and larval performance, thereby supporting higher production efficiency and better-quality shrimp.

2. Shrimp Aquaculture Expansion

Technological advancements in shrimp cultivation have boosted production and global supply. Leading shrimp-producing countries—India, Vietnam, Ecuador, and Indonesia—are investing in sustainable aquaculture methods such as biofloc technology, recirculating aquaculture systems (RAS), and disease management practices. These innovations have improved productivity, reduced mortality, and stabilized supply, helping maintain affordable prices for global consumers.

In December 2024, Ace Aquatec developed the A-HSU, a transportable system used to stun crustaceans before slaughter. Thailand’s first shrimp farm to implement the system supports animal welfare practices in aquaculture.

3. Rising Demand for Processed and Value-Added Shrimp

The global market shows a growing preference for ready-to-eat and processed shrimp products, especially in developed markets like the U.S., Europe, and Japan. Convenience-driven formats such as frozen, cooked, and breaded shrimp are increasingly popular due to minimal preparation requirements.

The expansion of supermarkets, hypermarkets, and online food delivery platforms has increased product availability and accessibility. Additionally, the food service sector—including restaurants and fast-food chains—has incorporated shrimp into menus to meet consumer demand for seafood.

In February 2025, Labeyrie Fine Foods invested €18 million to open two new production lines for cooked shrimp at its Delpierre unit in France, doubling annual production capacity to 18,000 metric tons.

Challenges in the Global Shrimp Market

1. Environmental Concerns and Sustainability Issues

Shrimp aquaculture faces scrutiny over its environmental impact, including mangrove deforestation, water pollution, and excessive antibiotic use. Unsustainable practices lead to habitat and biodiversity loss. Consequently, environmentally friendly and certified aquaculture has become essential. Programs like the ASC (Aquaculture Stewardship Council) and MSC (Marine Stewardship Council) increasingly influence consumer purchasing decisions.

2. Supply Chain Disruptions and Trade Barriers

Shrimp relies heavily on global trade, making it vulnerable to climate change, pandemics, and geopolitical tensions. Fluctuating feed, fuel, and transportation costs also impact profitability. Strict import regulations and food safety standards in regions such as the EU and U.S. often restrict exports from major shrimp-producing countries, affecting global supply.

Major Shrimp Species in the Market

Giant Tiger Prawn (Penaeus monodon)

Can reach 13–14 inches (33–36 cm)

Found in Southeast Asia, India, and Australia

Valued for its firm texture and rich flavor, often supplied to luxury seafood markets

Giant Freshwater Prawn (Macrobrachium rosenbergii)

Grows up to 12 inches (30 cm)

Thrives in rivers and estuaries of Asia and Latin America

Known for tender meat and large claws, popular in gourmet dishes

Whiteleg Shrimp (Litopenaeus vannamei)

Commonly farmed worldwide, reaches 9 inches (23 cm)

Mild flavor and adaptability make it the dominant species in aquaculture and global trade

These species are central to high-end cuisine, international exports, and commercial production.

Shrimp Farming Industry Overview

Shrimp aquaculture contributes significantly to global seafood supply. India, Ecuador, Vietnam, Thailand, and Indonesia are leading producers, focusing primarily on Whiteleg Shrimp (L. vannamei) and Giant Tiger Prawn (P. monodon).

Modern shrimp farming relies on advanced aquaculture technologies, including biofloc systems, RAS, and disease-resistant shrimp varieties. Sustainability practices—like environmentally friendly feeds, better water management, and ASC certification—are gaining prominence, driven by environmental concerns and market expectations.

In India, the ICAR-Central Institute of Brackishwater Aquaculture (CIBA) introduced super-intensive precision shrimp farming technology to address disease outbreaks, rising production costs, low market prices, and climate challenges. Shrimp culture accounts for 70% of India’s seafood exports, contributing Rs 46,000 crore (~USD 5.7 billion) annually, with production around 1 million metric tons.

In the Union Budget 2025, the Indian government increased the Kisan Credit Card (KCC) limit to INR 5 lakh (~USD 5,773), enabling shrimp farmers to adopt advanced aquaculture techniques, thereby boosting rural development and economic resilience.

Global Shrimp Market by Species

L. vannamei (Whiteleg Shrimp)

Dominates global shrimp trade due to high yield, disease resistance, and low-cost farming

Cultivated mainly in Asia and Latin America

October 2022: Kazakhstan inaugurated its first shrimp farm near Almaty, establishing aquafeed and broodstock facilities

P. monodon (Black Tiger Shrimp)

Larger size and superior flavor command premium prices

Cultivated widely in India, Vietnam, and Bangladesh for high-end seafood markets

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Global Shrimp Market by Size

15–20 size per pound: Preferred for upscale restaurants, buffets, and specialty seafood stores

31–40 size per pound: Most universal; used in frozen products, breaded shrimp, and quick-service restaurants

Global Shrimp Market by Product Form

Breaded Shrimp: Popular in fast-food chains and frozen supermarket sections; demand driven by convenience

Cooked Shrimp: Widely used in pre-packaged meals and food service; pre-cooked format is growing in demand

Green/Head-on Shrimp: Exported mainly to Europe and Asia, catering to gourmet markets and high-end restaurants

Regional Shrimp Market Insights

United States

Major consumer of shrimp; demand influenced by restaurants, supermarkets, and frozen food stores

Popular products include cooked and breaded shrimp, with imports from Ecuador, India, and Vietnam

April 2023: CP Foods launched Homegrown Shrimp USA, a sustainable shrimp farm in Florida

Italy

Shrimp is widely consumed in Mediterranean cuisine

Premium species like Black Tiger shrimp are popular in gourmet restaurants

March 2022: Lisaqua raised €4.9 million to open France’s first land-based shrimp farm, using green production systems

China

Leading global producer and consumer of shrimp

Imports of frozen and high-quality shrimp are rising due to urbanization and rising disposable incomes

February 2025: China imported $834 million of Vietnamese shrimp in 2023, surpassing the U.S. at $756 million

UAE

Strong demand from upscale hotels, restaurants, and supermarkets

Preference for Vannamei and Black Tiger shrimp

January 2025: Al Islami Foods launched a range of extra-large, wild-caught, antibiotic- and hormone-free shrimp, catering to high-protein and keto diets

Global Shrimp Market Segments

Species:

L. vannamei

P. monodon

M. rosenbergii

Others

Size Category:

<15, 15–20, 21–25, 26–30, 31–40, 41–50, 51–60, 61–70, >70

Product Form:

Breaded

Cooked

Peeled

Green/Head-off

Green/Head-on

Other Forms

Key Players in the Global Shrimp Market

Avanti Feeds Ltd.

High Liner Foods Inc.

Surapon Foods

Thai Union Group

The Waterbase Ltd.

Royal Greenland

Maruha Nichiro Corporation

Mowi ASA

Charoen Pokphand Foods PCL

Company analysis includes overview, key personnel, recent developments, and revenue, providing a clear understanding of the competitive landscape.

Conclusion

The global shrimp market is poised for steady growth between 2025 and 2033, driven by:

Increasing health-conscious seafood consumption

Expansion of sustainable aquaculture practices

Rising demand for processed and ready-to-eat shrimp products

Technological innovations in shrimp farming and disease management

Challenges such as environmental impact, supply chain disruptions, and trade barriers persist, but sustainable practices, certification programs, and technological advancements are mitigating these risks.

With its nutritional value, culinary versatility, and market adaptability, shrimp is set to remain a key protein source globally, with opportunities for growth across consumption, aquaculture, and exports, making it a lucrative sector for producers, investors, and stakeholders worldwide.

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