Global Shrimp Feed Market
Description
Global Shrimp Feed Market Size was valued at USD 9,489.0 million in 2024 and is poised to grow from USD 9,879.2 million in 2025 to USD 13,914.3 million by 2032, growing at a CAGR of 5.0% during the forecast period (2025–2032).
The Shrimp Feed market is witnessing steady and sustained growth, driven by the rapid expansion of commercial shrimp aquaculture across key producing regions. Shrimp feed plays a critical role in improving growth rates, feed conversion efficiency, immunity, and survival of farmed shrimp. Rising global consumption of shrimp as a high-protein seafood, particularly across Asia-Pacific, North America, and Europe, is accelerating demand for nutritionally optimized feed formulations. Technological advancements in feed formulation, including functional additives, precision nutrition, and disease-resistant ingredients, are enhancing farm productivity. Additionally, the industry is witnessing a gradual shift toward sustainable and plant-based protein alternatives to manage cost volatility and environmental concerns. Overall, the market is supported by increasing seafood demand and ongoing improvements in aquaculture efficiency.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Shrimp Feed market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market Size includes the following details: Key market participants were identified through extensive secondary research, and their market contributions were assessed through a combination of primary interviews and secondary data sources. This process involved analyzing company annual reports, financial disclosures, production capacities, and strategic developments, along with in-depth interviews with industry stakeholders such as CEOs, VPs, directors, and sales managers. All percentage splits and segment breakdowns were derived from secondary sources and validated through primary research to ensure robust qualitative and quantitative insights.
Global Shrimp Feed Market Segments Analysis
Global Shrimp Feed Market is segmented by Feed Type, Ingredient, Shrimp Species, Feed Form, Distribution Channel, and region. Based on Feed Type, the market is segmented into Starter Feed, Grower Feed, and Finisher Feed. Based on Ingredient, the market is segmented into Fish Meal, Soybean Meal, Wheat-Based, Corn-Based, Plant-Based Proteins, Algae-Based Ingredients, and Other Alternative Proteins. Based on Shrimp Species, the market is segmented into Pacific Whiteleg Shrimp, Black Tiger Shrimp, and Other Shrimp Species. Based on Feed Form, the market is segmented into Pellets, Crumbles, and Powder. Based on Distribution Channel, the market is segmented into Offline and Online. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Driver of the Global Shrimp Feed Market
The Global Shrimp Feed market is witnessing robust growth driven by rising global demand for farmed shrimp and the continued expansion of aquaculture activities. Shrimp is widely consumed due to its high protein content, taste, and versatility across global cuisines. As wild shrimp harvests face sustainability and regulatory limitations, aquaculture production is increasingly filling the supply gap. Export-oriented shrimp farming in countries such as India, Vietnam, Ecuador, and Indonesia is significantly boosting feed consumption. Additionally, government initiatives supporting aquaculture development, improved farming practices, and year-round shrimp availability are strengthening long-term demand for high-quality shrimp feed.
Restraints in the Global Shrimp Feed Market
The Global Shrimp Feed market faces restraints related to raw material price volatility and disease-related risks in shrimp farming. Key feed ingredients such as fish meal and soybean meal are subject to fluctuating prices due to supply constraints, climate variability, and geopolitical factors, directly impacting feed production costs. Additionally, disease outbreaks such as Early Mortality Syndrome (EMS) and White Spot Syndrome Virus (WSSV) can lead to sudden production losses, reducing feed demand in affected regions. These challenges can create uncertainty for feed manufacturers and farmers, particularly in price-sensitive and small-scale aquaculture markets.
Market Trends of the Global Shrimp Feed Market
The Global Shrimp Feed market is experiencing a notable trend toward sustainable, functional, and plant-based feed formulations. Manufacturers are increasingly incorporating alternative protein sources, algae-based ingredients, probiotics, and immune-boosting additives to enhance shrimp health and reduce dependence on fish meal. Precision nutrition and species-specific feed solutions are gaining traction to improve feed efficiency and minimize waste. Additionally, digitalization and online distribution channels are gradually expanding, offering greater price transparency and accessibility for small and medium shrimp farms. These trends are reshaping product innovation and procurement strategies across the global shrimp feed industry.
The Shrimp Feed market is witnessing steady and sustained growth, driven by the rapid expansion of commercial shrimp aquaculture across key producing regions. Shrimp feed plays a critical role in improving growth rates, feed conversion efficiency, immunity, and survival of farmed shrimp. Rising global consumption of shrimp as a high-protein seafood, particularly across Asia-Pacific, North America, and Europe, is accelerating demand for nutritionally optimized feed formulations. Technological advancements in feed formulation, including functional additives, precision nutrition, and disease-resistant ingredients, are enhancing farm productivity. Additionally, the industry is witnessing a gradual shift toward sustainable and plant-based protein alternatives to manage cost volatility and environmental concerns. Overall, the market is supported by increasing seafood demand and ongoing improvements in aquaculture efficiency.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Shrimp Feed market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market Size includes the following details: Key market participants were identified through extensive secondary research, and their market contributions were assessed through a combination of primary interviews and secondary data sources. This process involved analyzing company annual reports, financial disclosures, production capacities, and strategic developments, along with in-depth interviews with industry stakeholders such as CEOs, VPs, directors, and sales managers. All percentage splits and segment breakdowns were derived from secondary sources and validated through primary research to ensure robust qualitative and quantitative insights.
Global Shrimp Feed Market Segments Analysis
Global Shrimp Feed Market is segmented by Feed Type, Ingredient, Shrimp Species, Feed Form, Distribution Channel, and region. Based on Feed Type, the market is segmented into Starter Feed, Grower Feed, and Finisher Feed. Based on Ingredient, the market is segmented into Fish Meal, Soybean Meal, Wheat-Based, Corn-Based, Plant-Based Proteins, Algae-Based Ingredients, and Other Alternative Proteins. Based on Shrimp Species, the market is segmented into Pacific Whiteleg Shrimp, Black Tiger Shrimp, and Other Shrimp Species. Based on Feed Form, the market is segmented into Pellets, Crumbles, and Powder. Based on Distribution Channel, the market is segmented into Offline and Online. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Driver of the Global Shrimp Feed Market
The Global Shrimp Feed market is witnessing robust growth driven by rising global demand for farmed shrimp and the continued expansion of aquaculture activities. Shrimp is widely consumed due to its high protein content, taste, and versatility across global cuisines. As wild shrimp harvests face sustainability and regulatory limitations, aquaculture production is increasingly filling the supply gap. Export-oriented shrimp farming in countries such as India, Vietnam, Ecuador, and Indonesia is significantly boosting feed consumption. Additionally, government initiatives supporting aquaculture development, improved farming practices, and year-round shrimp availability are strengthening long-term demand for high-quality shrimp feed.
Restraints in the Global Shrimp Feed Market
The Global Shrimp Feed market faces restraints related to raw material price volatility and disease-related risks in shrimp farming. Key feed ingredients such as fish meal and soybean meal are subject to fluctuating prices due to supply constraints, climate variability, and geopolitical factors, directly impacting feed production costs. Additionally, disease outbreaks such as Early Mortality Syndrome (EMS) and White Spot Syndrome Virus (WSSV) can lead to sudden production losses, reducing feed demand in affected regions. These challenges can create uncertainty for feed manufacturers and farmers, particularly in price-sensitive and small-scale aquaculture markets.
Market Trends of the Global Shrimp Feed Market
The Global Shrimp Feed market is experiencing a notable trend toward sustainable, functional, and plant-based feed formulations. Manufacturers are increasingly incorporating alternative protein sources, algae-based ingredients, probiotics, and immune-boosting additives to enhance shrimp health and reduce dependence on fish meal. Precision nutrition and species-specific feed solutions are gaining traction to improve feed efficiency and minimize waste. Additionally, digitalization and online distribution channels are gradually expanding, offering greater price transparency and accessibility for small and medium shrimp farms. These trends are reshaping product innovation and procurement strategies across the global shrimp feed industry.
Table of Contents
346 Pages
- 1. Introduction
- 1.1. Objectives of the Study
- 1.2. Market Definition & Scope
- 2. Research Methodology
- 2.1. Research Process
- 2.2. Secondary & Primary Data Methods
- 2.3. Market Size Estimation Methods
- 2.4. Market Assumptions & Limitations
- 3. Executive Summary
- 3.1. Global Market Outlook
- 3.2. Key Market Highlights
- 3.3. Segmental Overview
- 4. Market Dynamics & Outlook
- 4.1. Macro-Economic Indicators
- 4.2. Drivers & Opportunities
- 4.3. Restraints & Challenges
- 4.4. Supply Side Trends
- 4.5. Demand Side Trends
- 4.6. Porters Analysis & Impact
- 4.6.1. Competitive Rivalry
- 4.6.2. Threat of Substitutes
- 4.6.3. Bargaining Power of Buyers
- 4.6.4. Threat of New Entrants
- 4.6.5. Bargaining Power of Suppliers
- 5. Key Market Insights
- 5.1. Key Success Factors
- 5.2. Market Impacting Factors
- 5.3. Top Investment Pockets
- 5.4. Market Attractiveness Index, 2024
- 5.5. Market Ecosystem
- 5.6. PESTEL Analysis
- 5.7. Pricing Analysis
- 5.8. Regulatory Landscape
- 5.9. Raw Material / Feedstock Analysis
- 5.10. Trade Analysis
- 5.11. Patent Analysis
- 6. Global Shrimp Feed Market Size by Feed Type (2019–2032)
- 6.1. Starter Feed
- 6.2. Grower Feed
- 6.3. Finisher Feed
- 7. Global Shrimp Feed Market Size by Ingredient (2019–2032)
- 7.1. Fish Meal
- 7.2. Soybean Meal
- 7.3. Wheat-Based
- 7.4. Corn-Based
- 7.5. Plant-Based Proteins
- 7.6. Algae-Based Ingredients
- 7.7. Other Alternative Proteins
- 8. Global Shrimp Feed Market Size by Shrimp Species (2019–2032)
- 8.1. Pacific Whiteleg Shrimp
- 8.2. Black Tiger Shrimp
- 8.3. Other Shrimp Species
- 9. Global Shrimp Feed Market Size by Feed Form (2019–2032)
- 9.1. Pellets
- 9.2. Crumbles
- 9.3. Powder
- 10. Global Shrimp Feed Market Size by Distribution Channel (2019–2032)
- 10.1. Offline
- 10.1.1. Direct Sales
- 10.1.2. Distributors & Wholesalers
- 10.2. Online Channels
- 11. Global Shrimp Feed Market Size by Region (2019–2032)
- 11.1. North America (By Feed Type, Ingredient, Shrimp Species, Feed Form, Distribution Channel)
- 11.1.1. US
- 11.1.2. Canada
- 11.2. Europe (By Feed Type, Ingredient, Shrimp Species, Feed Form, Distribution Channel)
- 11.2.1. UK
- 11.2.2. Germany
- 11.2.3. Spain
- 11.2.4. France
- 11.2.5. Italy
- 11.2.6. Rest of Europe
- 11.3. Asia-Pacific (By Feed Type, Ingredient, Shrimp Species, Feed Form, Distribution Channel)
- 11.3.1. China
- 11.3.2. Japan
- 11.3.3. India
- 11.3.4. Vietnam
- 11.3.5. Indonesia
- 11.3.6. Thailand
- 11.3.7. Rest of Asia Pacific
- 11.4. Latin America (By Feed Type, Ingredient, Shrimp Species, Feed Form, Distribution Channel)
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Ecuador
- 11.4.4. Rest of Latin America
- 11.5. Middle East & Africa (By Feed Type, Ingredient, Shrimp Species, Feed Form, Distribution Channel)
- 11.5.1. GCC Countries
- 11.5.2. South Africa
- 11.5.3. Rest of Middle East & Africa
- 12. Competitive Landscape
- 12.1. Competitive Dashboard
- 12.2. Market Positioning of Key Players, 2024
- 12.3. Strategies Adopted by Key Market Players
- 12.4. Recent Developments in the Market
- 12.5. Company Market Share Analysis, 2024
- 13. Key Company Profiles
- 13.1. Cargill
- 13.2. Maruha Nichiro Corporation
- 13.3. Nissui Corp
- 13.4. Thai Union Group PCL
- 13.5. Premium Brands Holdings Corporation (Clearwater Seafoods LP)
- 13.6. High Liner Foods Inc.
- 13.7. Avanti Feeds Limited
- 13.8. Charoen Pokphand Foods PCL
- 13.9. Apex Frozen Foods Ltd.
- 13.10. Aqua Star
- 13.11. Austevoll Seafood ASA
- 13.12. Trident Seafoods
- 13.13. The Nueva Pescanova Group
- 13.14. Pacific Seafood
- 13.15. Royal Greenland
- 13.16. Cooke Aquaculture Inc
- 13.17. Blue Star Foods
- 13.18. Panapesca
- 13.19. Pacfish S.A.
- 13.20. Kverva AS (Benchmark Holdings plc)
- 13.21. Archer Daniels Midland Company
- 13.22. Skretting
- 13.23. De Heus
- 13.24. Vitapro
- 13.25. BioMar
- 13.26. New Hope Liuhe Co., Ltd
- 14. Conclusion & Recommendation
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