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The global shrimp feed market attained a value of nearly USD 9.93 billion in 2023. The market is projected to grow at a CAGR of 5.5% between 2024 and 2032 and reach around USD 16.16 billion by 2032.
The primary factors catalysing the global shrimp feed market growth are changing dietary patterns, rising health awareness among consumers, and increasing shrimp farming in Asian and Latin American countries. Moreover, the commercialisation of vannamei shrimp due to a strong demand from both the developing as well as the developed nations is driving shrimp feed demand.
Some of the factors driving the shrimp feed market growth are the increased demand for healthy shrimp and improving shrimp farming practices. Approximately 200 million tonnes of fish and seafood are produced annually worldwide. The demand for seafood, including shrimp, is growing steadily in countries such as Japan, the EU, and the US due to their nutritional profile and extraordinary protein content.
Shrimp Feed Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Shrimp Feed Market Analysis
8.1 Key Industry Highlights
8.2 Global Shrimp Feed Historical Market (2018-2023)
8.3 Global Shrimp Feed Market Forecast (2024-2032)
8.4 Global Shrimp Feed Market by Type
8.4.1 Grower
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Finisher
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Starter
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Shrimp Feed Market by Ingredients
8.5.1 Soybean Meal
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Fish Meal
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Wheat Flour
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Fish Oil
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Shrimp Feed Market by Additives
8.6.1 Vitamins and Proteins
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Fatty Acids
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Antioxidants
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Feed Enzymes
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Antibiotics
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Shrimp Feed Market by Region
8.7.1 Market Share
8.7.1.1 Asia Pacific
8.7.1.2 Latin America
8.7.1.3 Rest of the world
9 Regional Analysis
9.1 Asia Pacific
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 China
9.1.3.2 India
9.3.3.3 Indonesia
9.3.3.4 Thailand
9.3.3.5 Vietnam
9.3.3.6 Others
9.2 Latin America
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 Brazil
9.2.3.2 Mexico
9.2.3.3 Ecuador
9.2.3.4 Others
9.3 Rest of the World
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 United States of America
9.3.3.2 Saudi Arabia
9.3.3.3 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Rest of the World Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Company Profiles
14.3.1 Cargill, Incorporated
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Financial Summary
14.3.1.5 Certifications
14.3.2 Charoen Pokphand Foods Public Company Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Financial Summary
14.3.2.5 Certifications
14.3.3 Nutreco N.V.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Financial Summary
14.3.3.5 Certifications
14.3.4 BioMar Group
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Financial Summary
14.3.4.5 Certifications
14.3.5 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Shrimp Feed Market: Key Industry Highlights, 2018 and 2032
2. Global Shrimp Feed Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Shrimp Feed Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Shrimp Feed Historical Market: Breakup by Ingredients (USD Billion), 2018-2023
5. Global Shrimp Feed Market Forecast: Breakup by Ingredients (USD Billion), 2024-2032
6. Global Shrimp Feed Historical Market: Breakup by Additives (USD Billion), 2018-2023
7. Global Shrimp Feed Market Forecast: Breakup by Additives (USD Billion), 2024-2032
8. Global Shrimp Feed Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Shrimp Feed Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Asia Pacific Shrimp Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Shrimp Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Shrimp Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Shrimp Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Rest of the World Shrimp Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Rest of the World Shrimp Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Historical Price Trends and Forecast 2018-2032
17. Latin America Historical Price Trends and Forecast 2018-2032
18. Rest of the World Historical Price Trends and Forecast 2018-2032
19. Global Shrimp Feed Market Structure
In 2023, the market value was nearly USD 9.93 billion.
The market is assessed to grow at a CAGR of 5.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 16.16 billion by 2032.
The major drivers include the increasing development of innovative shrimp feed ingredients and surging investments in shrimp farming.
The key trends aiding the market include rising demand for seafood for its high protein content and escalating demand for organic shrimp feed.
The different types of shrimp feed include grower, finisher, and starter.
The major ingredients of shrimp feed include soybean meal, fish meal, wheat flour, and fish oil, among others.
The major players in the market include Cargill, Incorporated, Charoen Pokphand Foods Public Company Limited, Nutreco N.V. and BioMar Group, among others.
The global shrimp feed market reached a value of USD 9.93 billion in 2023, driven by the changing dietary patterns. It is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.5%. The industry is projected to be driven by the rising health awareness amongst consumers and is expected to reach USD 16.16 Billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the industry can be divided into grower, finisher, and starter, with grower shrimp feed accounting for a significant share of the industry. On the basis of ingredients, soybean meal sector accounts for the largest share in the industry. Based on the additives, the industry is divided into vitamins and proteins, fatty acids, antibiotics, antioxidants, feed enzymes and others. The major players in the market include Cargill, Incorporated, Charoen Pokphand Foods Public Company Limited, Nutreco N.V. and BioMar Group, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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