Shrimp Market Size, Share, Growth, and Industry Analysis by Type (Whiteleg Shrimp, Giant Tiger Prawn, Akiami Paste Shrimp, Other) by Application (Household, Restaurant and Hotel), and Regional Forecast to 2033

SHRIMP MARKET REPORT OVERVIEW

The global shrimp market size was USD 56.49 billion in 2025 and is projected to touch USD 74.84 billion by 2033, exhibiting a CAGR of 4.8% during the forecast period.

Shrimp is considered a healthy, high-protein substitute to other meats, which makes it a popular choice. The worldwide demand for seafood is mounting due to fluctuating nutritional likings and growing well-being consciousness among clients. Aquaculture has transformed shrimp making, allowing large-scale farming that meets worldwide demand competently. Innovations in hatchery managing, breeding methods, and feed formulations have suggestively enhanced yield and illness resistance. Varying lifestyles, urbanization, and busy work lists have enhanced demand for ready-to-cook and ready-to-eat seafood products. Frozen and handled shrimp such as breaded, prepared, skinned, or marinated varieties are progressively popular in marketing outlets and online grocery platforms. The emerging shrimp market results from growing returns coupled with varying diets and growing customer finding of seafood health advantages. Modern aquaculture performs let more operative shrimp production which certifies continuous supply to keep pace with the growing market demand.

Customers are identifying the role these nutrients have in complete good health and are demanding something more than a fluid source of hydration. The blend of vitamins, minerals, and antioxidants with the drinks meets this demand by presenting the benefit of taking vital nutrients in a beverage form. The demand for organic and antibiotic-free shrimp will grow to furnish to health-conscious customers who are concerned with superiority and care. New technologies such as recirculating aquaculture systems and automated shrimp culture will augment the productivity and sustainability of making. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies need to stay updated with varying market trends and develop products that meet rising consumer needs. Companies coming up with advanced technological solutions for firming their positions.

KEY FINDINGS

• Market Size and Growth: The global shrimp market is projected to grow from USD 56.49 billion in 2025 to USD 74.84 billion by 2033, expanding steadily at a CAGR of 4.8% during the forecast period.

• Key Market Trends: Technological innovation in aquaculture, such as recirculating systems and biofloc technology, is driving yield improvements and sustainability in shrimp production.

• Key Market Drivers: Rising global demand for protein-rich seafood and shifting consumer preferences toward healthier diets are boosting shrimp consumption, especially ready-to-cook and frozen varieties.

• Technological Advancements: AI-driven monitoring, automated feeding, and blockchain-enabled traceability are helping farmers improve productivity and meet stringent quality standards.

• Regional Growth: Asia Pacific leads with over 55% market share due to extensive shrimp farming operations, while North America shows strong demand growth supported by advanced processing and distribution.

• Type Segmentation: Whiteleg shrimp dominate with about 70% share, driven by fast growth rates, disease resistance, and high adaptability to intensive aquaculture.

• Application Segmentation: Restaurants and hotels account for over 60% of consumption, but the household segment is growing rapidly thanks to the rise in retail-ready, convenient shrimp products.

• Key Players: Thai Union holds the largest market share at around 10%, leveraging its integrated supply chain and strong presence in both processed and premium shrimp segments globally.

COVID-19 Impact

"Pandemic Affected The Market Due To Unexpected Disruptions In The Sector"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had a significant negative impact on the market. Lockdowns, labour scarcities, and transport limitations led to a sharp deterioration in production and exports, mainly from key manufacturers. The closing of restaurants and hotels, which are key customers of shrimp, further condensed demand. Supply chain disruptions caused interruptions and augmented costs, disturbing both small-scale and industrial shrimp farms. However, retail demand for freezing and packaged shrimp rose as further customers cooked at home.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological upgrading and improvement will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological development with high demand is increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant upgrading in manufacturing of products is anticipated to stimulate product demand. Innovative customers are always looking for novel and different products that can deliver them with something unique from the normal. By presenting distinctive and unusual flavour profiles, firms can force this necessity for novelty and launch a client base. Furthermore, innovations in shrimp handing, including packaging and freezing, have made shrimp more available and suitable for clients. Apart from this, sustainability performs, such as biodegradable farming and certification plans, contribute to building customer confidence.

SHRIMP MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into Whiteleg Shrimp, Giant Tiger Prawn, Akiami Paste Shrimp, Other

• Whiteleg Shrimp: Whiteleg shrimp leads the market due to its fast development rate, high illness resistance, and appropriateness for intensive aquaculture systems. It is extensively cultivated making it the greatest traded shrimp species universally.

• Giant Tiger Prawn: It embraces a substantial market segment, particularly in Asia. While it grows greater than whiteleg shrimp and commands higher charges, its agriculture is more complex and less productive, which restricts its complete making.

• Akiami Paste Shrimp: It is a lesser type usually used in paste and seasoning products. It is merged into traditional dishes.

• Other: Others category embraces species such as northern prawn and pink shrimp, characteristically harvested from wild fisheries. These are frequently consumed in specific regions or used in handled seafood products.

By Application Analysis

According to application, the market can be segmented into Household, Restaurant and Hotel

• Household: The growing accessibility of frozen, cleaned, and ready-to-cook shrimp in retail outlets and online platforms has made shrimp a suitable protein source for households. Furthermore, growing awareness of shrimp's nourishing value, such as its high protein and low-calorie content, has motivated its demand among health-conscious customers.

• Restaurant and Hotel: This segment traditionally leads shrimp consumption due to the use of shrimp in a wide variation of dishes across worldwide cuisines. High-end restaurants and hotels characteristically demand quality shrimp variations for their size and taste, while fast-food and mid-range outlets often use whiteleg shrimp for its affordability and uniformity.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Rising Global Demand for Protein-Rich Foods"" ""To ""Boost The Market Growth"

Shrimp, as a superior source of protein is progressively becoming a favoured choice among clients looking for healthy and beneficial dietary choices. The mounting awareness about the well-being benefits of seafood, particularly its high protein content and low fat, has led to an upsurge in shrimp consumption worldwide. As people become more health-conscious, they are shifting away from red meat and selecting for seafood which is seen as a better substitute. Furthermore, the expanding middle-class people in developing economies is contributing to this trend, as they have superior purchasing power and are more inclined to include premium food items, such as shrimp, in their diets.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the shrimp market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. The implementation of progressive technologies in shrimp farming such as automated feeding systems, AI-based monitoring, probiotics, and bio floc systems has augmented output and productivity. Furthermore, IoT-enabled sensors and data analytics are providing shrimp growers with actionable intuitions, letting them to make data-driven decisions that augment yield and sustainability. Blockchain technology is also gaining momentum in the shrimp industry, letting superior traceability and transparency across the supply chain.

RESTRAINING FACTOR

"Rising Environmental and Disease-Related Risks in Shrimp Farming"" ""To"" Hamper The Market Growth"

Shrimp aquaculture is tremendously liable to ecological variations, embracing fluctuations in water temperature, salt, and superiority, which can unfavourably affect shrimp health and yield. The dependence on high stocking densities and use of antibiotics to avoid ailments have elevated concerns about enduring sustainability and ecological impact. These challenges are combined by potential water contamination and habitation degradation from ailing achieved farming performs.

OPPORTUNITY

"Growth Of E-Commerce & Online Retail ""To Create Opportunity in the Market"

The quick development of e-commerce platforms and online grocery shopping is altering seafood trade. Clients now have easier access to greater frozen and achieved shrimp through digital marketplaces. This movement is mainly durable in urban centres and is being maintained by enhancements in cold-chain logistics. Shrimp makers and processors can influence this channel to develop market reach, grow direct-to-consumer replicas, and build sturdier brand characters.

CHALLENGE

"Supply Chain Dependency on Acrylonitrile ""Could Be a Major Challenge "

Governing and trade blockades present additional vital challenge to the worldwide shrimp market. Industry examinations reveal the shrimp sector functions within a complex web of international trade guidelines that differ suggestively between countries. Government trade data specify the burden of prices, trade limitations, and anti-dumping responsibilities by significant importing countries forms market unpredictability and restrictions market access for shrimp exporters.

SHRIMP MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

• NORTH AMERICA

North America held a significant market share. Improvements in the technology of shrimp culture practices, mainly improved water management and illness management, have allowed superior productivity and sustainability of making. The United States is the major customer within this region, inspired by a sturdy fondness for seafood and a well-developed distribution network that embraces both retail and foodservice segments which motivate the shrimp market share.

• ASIA

Asia Pacific is region’s control is mainly motivated by the widespread shrimp farming procedures. The growth of sustainable farming practices and investments in advanced aquaculture technologies are further enhancing Asia Pacific’s position in the worldwide shrimp market.

• EUROPE

Europe is a high-value shrimp market with stringent import guidelines regarding sustainability, food protection, and labour ethics. European market favours superior, sustainably gained shrimp, with certifications playing a critical role in client obtaining decisions.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Thai Union (Thailand)
• Zhanjiang Guolian (China)
• Pescanova (Spain)
• Minh Phu Seafood Corp (Vietnam)
• Devi Fisheries (India)

INDUSTRIAL DEVELOPMENT

January 2022: Thai Union Group PCL announced a joint venture with R&B Food Supply and Srinivasa Cystine Private Limited to launch a new company focused on providing high-quality food ingredients to the Indian market. This partnership is aimed at harnessing the respective strengths of R&B Food Supply, Thailand's food ingredients company, and Srinivasa Cystine, an affiliated entity of Avanti Group, a player in the field of aquaculture and marine food processing in India.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.