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. 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 Shrimp Market Dynamics:

Latest Trends in the Shrimp Market:

The global Shrimp Market, with its delicious and some sustainable innovation, is projected to see increased demand for organic farmed shrimp. Companies like the Thai Union, which excels with eco-certified products including chefs making fabulous shrimp dishes in upscale restaurants, are in a great position. With 32.7% of the shrimp market share attributed to China's high consumption and export volumes, we lead the way with transparency in the seafood culture, with High Liner Foods' traceable shrimp packaging improving transparency by 20%. We recognize that the global Shrimp Market involves much more than seafood. We deliver trust and sustainability, and we smoothly support retailers, restaurants, and consumers with fresh, ethical solutions that align with global demands. The solutions meet the need for flavor, health, and environmental stewardship in this energetic and vitally food-loving world.

Growth Drivers in the Shrimp Market:

The global Shrimp Market has expectations to grow. The market should increase from USD 71.87 billion in 2024. This growth is driven by increased seafood consumption with health consciousness. 60% of shrimps are sold to retail and foodservice (industry surveys). The frozen shrimp share was 50%. Think frozen shrimp for families looking to stock healthy protein. The ecological concerns notwithstanding, global trade and China's capability for high production of aquaculture has allowed for increasing adoption in both fed and non-fed aquaculture. As the global Shrimp Market has developed due to the demand for omega-3 dietary content, continued growth in retail, hospitality, and export levels internationally is supported by China's hub for seafood.

Future Demand in the Shrimp Market:

The Shrimp Market is anticipated to grow at a CAGR of 3.90% between 2023 and 2033, and the market size will reach USD 105.35 billion by 2033 due to a growing health trend and international trade across the globe, especially in the Asia-Pacific region. India is noted for its spicy shrimp curries, and supplies global chains. The frozen segment will lead growth as the preferred option. Emerging markets such as Africa will experience the highest growth notwithstanding these challenges. Partnerships across the supply chain add to the potential for scalability, such as Maruha Nichiro with sustainable aquaculture leaders. Stakeholders can use these trends for the alignment of the global Shrimp Market. This alignment answers the growing need for sustainable sources of nutritious food.

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:

• Apex Frozen Foods Ltd.
• Aqua Star (Admiralty Island Fisheries Inc.)
• Charoen Pokphand Foods PCL
• Grand Ocean Seafoods Co. Ltd.
• Grupo Ibérica Congelados S.A.
• Liveris Afentoulis & Co.
• Mazzetta Company LLC 
• Nordic Seafood A/S (Nippon Suisan Kaisha Ltd.)
• Ocean More Foods Co. Ltd. 
• Pacific Seafood 
• Seaprimexco Vietnam 
• 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

Emerging Trends in the Shrimp Market:

Changes to the global Shrimp Market will continue. The antibiotic free products of companies like Sysco may be more consumed in North America. Blockchain tracking of supply chains will help to comply with moves for more transparency in Europe. Ready-to-cook shrimp meals will be adopted by 12% of Asia-Pacific on-the-go households, while low-impact environmentally sustainable aquaculture innovations provide the world with delicious eco-friendly alternatives. The global shrimp sector will remain the leading source for global seafood appetites as tastes and environmental concerns shift.

Shrimp Market Report Segmentation:

Breakup by Environment:

• Farmed Shrimp
• Wild Shrimp

Breakup by Species:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

Breakup by Shrimp Size:

• <21 
• 21-25
• 26-30
• 31-40
• 41-50
• 51-60
• 61-70
• >70

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance
• Market Outlook 
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• 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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