
Shrimp Market Size, Share & Trends Analysis Report By Species (L. Vannamei, Trachipenaeus Curvirostris), By Source (Wild, Aquaculture), By Form (Green/ Head-off, Green/ Head-on), By Distribution Channel (B2B, B2C), By Region, And Segment Forecasts, 2025 -
Description
Shrimp Market Summary
The global shrimp market size was estimated at USD 75.24 billion in 2024 and is projected to reach USD 121.35 billion by 2033, growing at a CAGR of 5.5% from 2025 to 2033. The growth is primarily driven by rising consumer demand for high-protein, low-fat seafood, increasing popularity of ready-to-cook and frozen shrimp products, and expanding awareness of the health and nutritional benefits of shrimp consumption.
The global demand for seafood, especially shrimp, is increasing as a result of shifting dietary preferences and growing health awareness among consumers. Additionally, heightened awareness of the nutritional benefits of seafood, particularly shrimp, which is rich in essential nutrients such as omega-3 fatty acids and considered a healthier protein source, is further driving the growth of the shrimp industry.
The global shrimp market is propelled by shifting consumer preferences toward premium seafood and gourmet dining experiences. Increasing adoption of sustainable aquaculture practices is attracting environmentally conscious buyers. Technological improvements in breeding and disease control are boosting farm productivity. Additionally, the growth of online seafood retail is expanding market access and convenience for consumers worldwide.
Moreover, the growing demand for convenient and value-added seafood products is boosting shrimp consumption. Expansion of cold chain infrastructure supports wider distribution and longer shelf life. Rising incomes in emerging economies are increasing per capita seafood intake. Supportive government policies and export incentives are encouraging shrimp farming investments.
In addition, the global shrimp industry is experiencing growth due to the rising popularity of high-protein diets and keto-friendly foods. Urbanization and changing lifestyles are driving demand for quick-to-cook, frozen shrimp meals. Tourism and hospitality industry expansion is further increasing shrimp consumption globally. Moreover, international trade liberalization is making shrimp more accessible across diverse markets.
Global Shrimp Market Report Segmentation
This report forecasts volume & revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global shrimp market report based on species, source, form, distribution channel, and region:
The global shrimp market size was estimated at USD 75.24 billion in 2024 and is projected to reach USD 121.35 billion by 2033, growing at a CAGR of 5.5% from 2025 to 2033. The growth is primarily driven by rising consumer demand for high-protein, low-fat seafood, increasing popularity of ready-to-cook and frozen shrimp products, and expanding awareness of the health and nutritional benefits of shrimp consumption.
The global demand for seafood, especially shrimp, is increasing as a result of shifting dietary preferences and growing health awareness among consumers. Additionally, heightened awareness of the nutritional benefits of seafood, particularly shrimp, which is rich in essential nutrients such as omega-3 fatty acids and considered a healthier protein source, is further driving the growth of the shrimp industry.
The global shrimp market is propelled by shifting consumer preferences toward premium seafood and gourmet dining experiences. Increasing adoption of sustainable aquaculture practices is attracting environmentally conscious buyers. Technological improvements in breeding and disease control are boosting farm productivity. Additionally, the growth of online seafood retail is expanding market access and convenience for consumers worldwide.
Moreover, the growing demand for convenient and value-added seafood products is boosting shrimp consumption. Expansion of cold chain infrastructure supports wider distribution and longer shelf life. Rising incomes in emerging economies are increasing per capita seafood intake. Supportive government policies and export incentives are encouraging shrimp farming investments.
In addition, the global shrimp industry is experiencing growth due to the rising popularity of high-protein diets and keto-friendly foods. Urbanization and changing lifestyles are driving demand for quick-to-cook, frozen shrimp meals. Tourism and hospitality industry expansion is further increasing shrimp consumption globally. Moreover, international trade liberalization is making shrimp more accessible across diverse markets.
Global Shrimp Market Report Segmentation
This report forecasts volume & revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global shrimp market report based on species, source, form, distribution channel, and region:
- Species Outlook (Volume, Metric Tons; Revenue, USD Million, 2021 - 2033)
- L. vannamei
- Trachipenaeus curvirostris
- Pleoticus muelleri
- P. monodon
- Acetes japonicus
- Pandalus borealis
- P. chinensis
- Others
- Source Outlook (Volume, Metric Tons; Revenue, USD Million, 2021 - 2033)
- Wild
- Aquaculture
- Form Outlook (Volume, Metric Tons; Revenue, USD Million, 2021 - 2033)
- Green/ Head-off
- Green/ Head-on
- Peeled
- Cooked
- Breaded
- Others
- Distribution Channel Outlook (Volume, Metric Tons; Revenue, USD Million, 2021 - 2033)
- B2B
- B2C
- Hypermarkets & Supermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
- Regional Outlook (Volume, Metric Tons; Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Lithuania
- Asia Pacific
- China
- Japan
- India
- Thailand
- Vietnam
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
Table of Contents
160 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Species Outlook
- 2.3. Source Outlook
- 2.4. Form Outlook
- 2.5. Distribution Channel
- 2.6. Regional Outlook
- 2.7. Competitive Landscape Snapshot
- Chapter 3. Global Shrimp Market Variables and Trends
- 3.1. Market Introduction
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw source Trends & Outlook
- 3.2.2. Retail/Sales Channel Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter’s Five Forces Analysis
- 3.5. Market Entry Strategies
- Chapter 4. Global Shrimp Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Affecting Buying Decisions
- 4.4. Consumer species Adoption
- 4.5. Observations & Recommendations
- Chapter 5. Global Shrimp Market: species Estimates & Trend Analysis
- 5.1. Global Shrimp Market, By Species: Key Takeaways
- 5.2. species Movement Analysis & Market Share, 2024 & 2033
- 5.3. Market Estimates & Forecasts, by species, 2021 - 2033 (USD Million, Metric Tons)
- 5.3.1. L. vannamei
- 5.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 5.3.2. Trachipenaeus curvirostris
- 5.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 5.3.3. Pleoticus muelleri
- 5.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 5.3.4. P. monodon
- 5.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 5.3.5. Acetes japonicus
- 5.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 5.3.6. Pandalus borealis
- 5.3.6.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 5.3.7. P. chinensis
- 5.3.7.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 5.3.8. Others
- 5.3.8.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- Chapter 6. Global Shrimp Market: Source Estimates & Trend Analysis
- 6.1. Global Shrimp Market, By Source: Key Takeaways
- 6.2. Source Movement Analysis & Market Share, 2024 & 2033
- 6.3. Market Estimates & Forecasts, by source, 2021 - 2033 (USD Million, Metric Tons)
- 6.3.1. Wild
- 6.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 6.3.2. Aquaculture
- 6.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- Chapter 7. Global Shrimp Market: Form Estimates & Trend Analysis
- 7.1. Global Shrimp Market, By Form: Key Takeaways
- 7.2. End Use Application Movement Analysis & Market Share, 2024 & 2033
- 7.3. Market Estimates & Forecasts, by End Use Application, 2021 - 2033 (USD Million, Metric Tons)
- 7.3.1. Green/ Head-off
- 7.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 7.3.2. Green/ Head-on
- 7.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 7.3.3. Peeled
- 7.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 7.3.4. Cooked
- 7.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 7.3.5. Breaded
- 7.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 7.3.6. Others
- 7.3.6.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- Chapter 8. Global Shrimp Market: Distribution Channel Estimates & Trend Analysis
- 8.1. Global Shrimp Market, By Distribution Channel: Key Takeaways
- 8.2. Distribution Channel Movement Analysis & Market Share, 2024 & 2033
- 8.3. Market Estimates & Forecasts, by Distribution Channel, 2021 - 2033 (USD Million, Metric Tons)
- 8.3.1. B2B
- 8.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 8.3.2. B2C
- 8.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 8.3.2.1.1. Hypermarkets & Supermarkets
- 8.3.2.1.1.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 8.3.2.1.2. Convenience Stores
- 8.3.2.1.2.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 8.3.2.1.3. Specialty Stores
- 8.3.2.1.3.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 8.3.2.1.4. Online
- 8.3.2.1.4.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 8.3.2.1.5. Others
- 8.3.2.1.5.1. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- Chapter 9. Global Shrimp Market: Regional Estimates & Trend Analysis
- 9.1. Regional Movement Analysis & Market Share, 2024 & 2033
- 9.2. North America
- 9.2.1. U.S.
- 9.2.1.1. Key country dynamics
- 9.2.1.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.2.2. Canada
- 9.2.2.1. Key country dynamics
- 9.2.2.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.2.3. Mexico
- 9.2.3.1. Key country dynamics
- 9.2.3.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.3. Europe
- 9.3.1. UK
- 9.3.1.1. Key country dynamics
- 9.3.1.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.3.2. Germany
- 9.3.2.1. Key country dynamics
- 9.3.2.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.3.3. France
- 9.3.3.1. Key country dynamics
- 9.3.3.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.3.4. Italy
- 9.3.4.1. Key country dynamics
- 9.3.4.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.3.5. Spain
- 9.3.5.1. Key country dynamics
- 9.3.5.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.3.6. Lithuania
- 9.3.6.1. Key country dynamics
- 9.3.6.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.4. Asia Pacific
- 9.4.1. China
- 9.4.1.1. Key country dynamics
- 9.4.1.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.4.2. Japan
- 9.4.2.1. Key country dynamics
- 9.4.2.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.4.3. India
- 9.4.3.1. Key country dynamics
- 9.4.3.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.4.4. Thailand
- 9.4.4.1. Key country dynamics
- 9.4.4.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.4.5. Vietnam
- 9.4.5.1. Key country dynamics
- 9.4.5.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.4.6. South Korea
- 9.4.6.1. Key country dynamics
- 9.4.6.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.5. Central & South America
- 9.5.1. Brazil
- 9.5.1.1. Key country dynamics
- 9.5.1.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- 9.6. Middle East & Africa
- 9.6.1. South Africa
- 9.6.1.1. Key country dynamics
- 9.6.1.2. Market estimates and forecast, 2021 - 2033 (USD Million, Metric Tons)
- Chapter 10. Global Shrimp Market: Competitive Analysis
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Participant’s Overview
- 10.4. Financial Performance
- 10.5. species Benchmarking
- 10.6. Company Market Share Analysis, 2024 (%)
- 10.7. Company Heat Map Analysis, 2024
- 10.8. Strategy Mapping
- 10.9. Company Profiles
- 10.9.1. Thai Union Group PCL
- 10.9.1.1. Company Overview
- 10.9.1.2. Financial Performance
- 10.9.1.3. species Portfolios
- 10.9.1.4. Strategic Initiatives
- 10.9.2. Clearwater Seafoods
- 10.9.2.1. Company Overview
- 10.9.2.2. Financial Performance
- 10.9.2.3. species Portfolios
- 10.9.2.4. Strategic Initiatives
- 10.9.3. Avanti Feeds Limited
- 10.9.3.1. Company Overview
- 10.9.3.2. Financial Performance
- 10.9.3.3. species Portfolios
- 10.9.3.4. Strategic Initiatives
- 10.9.4. High Liner Foods
- 10.9.4.1. Company Overview
- 10.9.4.2. Financial Performance
- 10.9.4.3. species Portfolios
- 10.9.4.4. Strategic Initiatives
- 10.9.5. Surapon Foods Public Company Limited
- 10.9.5.1. Company Overview
- 10.9.5.2. Financial Performance
- 10.9.5.3. species Portfolios
- 10.9.5.4. Strategic Initiatives
- 10.9.6. Mazzetta Company, LLC
- 10.9.6.1. Company Overview
- 10.9.6.2. Financial Performance
- 10.9.6.3. species Portfolios
- 10.9.6.4. Strategic Initiatives
- 10.9.7. Aqua Star
- 10.9.7.1. Company Overview
- 10.9.7.2. Financial Performance
- 10.9.7.3. species Portfolios
- 10.9.7.4. Strategic Initiatives
- 10.9.8. Nordic Seafood A/S
- 10.9.8.1. Company Overview
- 10.9.8.2. Financial Performance
- 10.9.8.3. species Portfolios
- 10.9.8.4. Strategic Initiatives
- 10.9.9. The Waterbase Limited
- 10.9.9.1. Company Overview
- 10.9.9.2. Financial Performance
- 10.9.9.3. species Portfolios
- 10.9.9.4. Strategic Initiatives
- 10.9.10. Wild Ocean Direct
- 10.9.10.1. Company Overview
- 10.9.10.2. Financial Performance
- 10.9.10.3. species Portfolios
- 10.9.10.4. Strategic Initiatives
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.