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The global shrimp feed market reached a value of USD 9.93 billion in 2023, growing at a CAGR of 8.9% during 2018-2023. Looking forward, the value is projected to reach USD 16.15 billion by 2032, registering a CAGR of 5.5% during 2024-2032.
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Shrimp feed is produced to fulfil the nutritional requirements of farmed shrimps. It assists in regulating adequate levels of vitamins, minerals, essential amino acids and fatty acids amongst the shrimps. The common components of shrimp feed include fish oil, fish and squid meal, cereal flour, and various additives. Shrimp feed helps to improve production cycles, harvest per unit area and profitability while reducing environmental contamination caused by shrimp farming.
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Based on type, the shrimp feed market can be divided as follows:
On the basis of ingredients, the shrimp feed market can be further segmented into:
The additives can be categorised as follows:
The major regions can be divided into the Asia Pacific, Latin America, and Rest of the world.
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One of the primary factors catalysing the growth of the global shrimp feed market is changing dietary patterns coupled with the rising health awareness amongst consumers. This has led to a tremendous demand for healthy shrimp, thereby positively influencing the expansion of the industry. Moreover, the commercialisation of vannamei shrimp due to a strong demand from both the developing as well as the developed nations has also been driving this demand. Some of the factors further propelling the industry are rising disposable incomes, population growth and improving shrimp farming practices.
The report analyses the following key players in the global shrimp feed market, looking into their capacity, competitive landscape, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Ingredients |
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Breakup by Additives |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 PCL
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
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 Industry Events and Developments
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 2018-2028
17. Latin America Historical Price Trends and Forecast 2018-2028
18. Rest of the World Historical Price Trends and Forecast 2018-2028
19. Global Shrimp Feed Market Structure
The global shrimp feed market reached a value of USD 9.93 billion in 2023.
The industry is expected to grow at a CAGR of about 5.5% in the forecast period of 2024-2032.
The industry is expected to expand in the forecast period to reach USD 16.15 Billion by 2032.
The major drivers of the market are growing demand for shrimp and seafood, increasing population, changing dietary patterns, and rising health awareness amongst consumers.
Improving shrimp farming practices and using additives in shrimp feed for improved production are key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
Vitamins and proteins, fatty acids, antioxidants, feed enzymes, and antibiotics, among others, are the additives in the market for shrimp feed.
The types of shrimp feed in the market are grower, finisher, and starter.
The various ingredients in the market are soybean meal, fish meal, wheat flour, and fish oil, among others.
The major players in the global shrimp feed market are Cargill, Incorporated, Charoen Pokphand Foods PCL, Nutreco, 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 16.15 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 regional markets for the product are the Asia Pacific, Latin America, and the rest of the world. The key players in the above industry include Cargill, Incorporated, Charoen Pokphand Foods PCL, Nutreco, 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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