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Global Shrimp Industry Report Overview

The global shrimp market attained a volume of 8.59 Million Tons in 2025 and is projected to expand at a CAGR of 6.30% through 2035. The market is further expected to achieve a volume of 15.82 Million Tons by 2035. Increased investments in precision aquaculture technologies, certifications that promote sustainability, and value-added shrimp processing are improving export competitiveness and allowing farmers to sign long-term agreements with premium customers in the foodservice and retail sectors.

Key Market Trends and Insights

  • Rising demand for value-added, ready-to-cook shrimp products is encouraging processors to expand convenience-focused portfolios and premium retail offerings globally.
  • Adoption of AI, IoT, and recirculating aquaculture systems is improving shrimp farming productivity, traceability, disease management, and sustainability outcomes.
  • Sustainability certifications and responsible sourcing are increasingly influencing purchasing decisions, driving investments in eco-friendly aquaculture and transparent seafood supply chains.

Market Size & Forecast

  • Market Size in 2025: 8.59 Million Tons
  • Projected Market Size in 2035: 15.82 Million Tons
  • CAGR from 2026 to 2035: 6.30%
  • Fastest-Growing Regional Market: Latin America

Increased demand from premium retail chains and quick-service restaurants is prompting processors to develop more value-added shrimp products that feature better traceability and consistency, accelerating the overall shrimp market value. At the same time, increased investments in biofloc technology, automated feeding systems, and disease surveillance are increasing production efficiency and decreasing risks while also allowing exporters to comply with increasingly strict sustainability and food safety standards internationally.

Numerous changes are occurring in the global shrimp market as breeders are using state-of-the-art breeding methods, traceability tools, and processing innovations to create more resilient supply chains. In May 2026, for example, Thai Union Group launched new premium shrimp lines of responsibly sourced frozen shrimp products under new traceability programs which help buyers track the farm origins and sustainability of products in the international market.

In addition to that, changes in the shrimp market are occurring due to partnerships formed by aquaculture firms, shrimp processors, and technology firms, who focus on disease prevention, automation, and sustainability of shrimp production. With the use of AI-powered water monitoring, bio-secure farms, and precision feeding systems, shrimp farms are experiencing better survival rates and reduced feed wastage. For example, in November 2025, AquaEasy leveraged AI, IoT, and real-time analytics to optimize shrimp feeding, improve yields, reduce costs, sustainably. At the same time, seafood processors are offering IQF cooked and peeled shrimp to satisfy the needs of retailers, restaurant chains, and institutions in terms of quality and increased shelf-life of their products.

Shrimp Market Graph

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Global Shrimp Market Report Summary Description Value
Base Year Million Tons 2025
Historical Period Million Tons 2019-2025
Forecast Period Million Tons 2026-2035
Market Size 2025 Million Tons 8.59
Market Size 2035 Million Tons 15.82
CAGR 2019-2025 Percentage XX%
CAGR 2026-2035 Percentage 6.30%
CAGR 2026-2035 - Market by Region Asia Pacific 7.1%
CAGR 2026-2035 - Market by Country India 7.9%
CAGR 2026-2035 - Market by Country China 6.8%
CAGR 2026-2035 - Market by Type Farmed Shrimp 6.9%
CAGR 2026-2035 - Market by Distribution Channel Online 8.3%
Market Share by Country 2025 Italy 4.6%

Key Trends and Recent Developments

Shrimp Industry Segmentation

The Expert Market Research’s report titled “Global Shrimp Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Pink
  • White
  • Brown
  • Others

Key Insight: The white shrimp continues to lead the shrimp market growth since it has efficient production process, scalability, and versatility in value added processing. The pink shrimp category is registering remarkable performance because there is increasing demand for premium seafood in hospitality and specialty retailers. The brown shrimp segment continues to play a vital role in serving regional markets with distinct flavor preferences and traditional culinary applications. The other types of shrimp are used in supporting local fishing operations and specialty exports. The above segments allow the processors and exporters to meet the requirements of different buyers.

Market Breakup by Form

  • Frozen
  • Canned

Key Insight: Segmentation through form results from differing consumer and distribution priorities in the shrimp market. Frozen shrimp dominates the market because it caters to international export and retail chain distribution in addition to ensuring quality in its entire supply chain. Canned shrimp is growing at an unprecedented rate due to its ability to meet consumer behavior towards convenience as well as increased shelf life. For example, in July 2026, Thai Union launched recyclable mono-material shelf-stable pouches, advancing sustainable packaging, convenience, and reduced environmental impact. The two forms work together by meeting different consumer demands, operations, and distribution channels. Frozen shrimp continues to attract businesses demanding high-quality standards, while canned shrimp enhances accessibility in homes and institutions.

Market Breakup by End-User

  • Residential
  • Commercial

Key Insight: End-user segmentation shows a well-balanced demand in the shrimp market, coming from both institutional and residential buyers. The commercial purchasers remain responsible for driving the total market volume through consistent purchases made by hospitality establishments, restaurants, and caterers who require a reliable supply of seafood products. Residential customers are becoming more active contributors to market growth through their purchase of high-quality frozen goods, ready-to-eat meals, and increased awareness about seafood consumption. While commercial demand prioritizes dependability, certification, and efficiency in quantity, residential demand concentrates on convenience, freshness, and variety of products.

Market Breakup by Distribution Channel

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Hotels and Restaurants
  • Online Sales Channels
  • Others

Key Insight: Various distribution channels serve specific purposes when it comes to increasing the availability in the shrimp market. Supermarkets and hypermarkets continue to be leaders due to their high visibility of products, reliable refrigeration, and broad network of retail stores across the country. Convenience stores meet immediate requirements of purchases within households, while specialty stores serve customers interested in premium seafood products. Online distribution channels continue growing at the fastest pace by adding convenience, interactivity, and direct customer interaction.

Market Breakup by Species

  • Penaeus Vannamei
  • Penaeus Monodon
  • Macrobrachium Rosenbergii
  • Others

Key Insight: According to the shrimp market report, Penaeus Vannamei maintains its dominant position due to its cost-effective farming and wide popularity. Penaeus Monodon provides differentiation and added value to the portfolio of premium products with its larger size and distinctive appeal among consumers. Macrobrachium Rosenbergii addresses the needs of freshwater aquaculture businesses where specific dietary preferences ensure demand. Other types of shrimps offer diversity in the industry and various special applications.

Market Breakup by Product Category

  • Peeled
  • Shell-on
  • Cooked
  • Breaded
  • Others

Key Insight: The segmentation by product category is based on changing preferences of customers regarding convenience and culinary versatility. Peeled shrimp retains its leadership due to the ease of preparation of the product both in retail and commercial uses. The shell-on shrimp appeals to those who prefer fresh and traditionally cooked seafood. The cooked shrimp shows the fastest rate of growth due to the surging demand for ready-to-eat food. Breaded shrimp is convenient in satisfying the demands of the convenience food market and quick service restaurants. The other specialized products ensure a variety of offerings for seafood producers. In January 2026, SeaPak introduced Chili Lime Shrimp, Breaded Flounder Tenders, and Breaded Scallops, expanding convenient premium seafood offerings. 

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Key Insight: Performance at a regional level is determined by factors like production capability, consumption behavior, and export capability. The Asia Pacific region remains the most dominant due to aquaculture activities, seafood processing, and seafood exports. Latin America records the highest growth rate owing to efficiency in farming and increasing penetration into the international market. The North American shrimp market is known to be a strong consumer of imported shrimp, whereas the European region focuses on certified sustainable seafood sourcing. In April 2026, Brazil's Noronha Pescados partnered with Ecuadorian producers to supply Popeye-branded shrimp products across the United States. The Middle Eastern and African regional markets continue to grow with increased seafood consumption and aquaculture activities.

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Global Shrimp Market Share

By type, white shrimp dominates the market owing to superior aquaculture productivity and export demand

White shrimp retains its leading position in the shrimp market because of its high efficiency in farming, quick growth period, and wide distribution among retailing and foodservice channels. Varieties of Penaeus vannamei provide reliable size, good conversion rate, and cost-effective production that makes these shrimp types suitable for commercial aquaculture. Processors prefer to use white shrimp for frozen, peeled, and cooked products because of high-quality consistency. The high export demand of North America, Europe, and Asian markets also pushes the producers to focus on the development of white shrimp farming. In May 2026, construction began on Oman’s Shinas shrimp farming project, expanding sustainable aquaculture capacity, food security, employment, and seafood production.

Shrimp Market Segment Type

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Pink shrimp is becoming one of the fastest growing shrimp market segments because of increasing consumer demand for seafood experience from fine-dining restaurants, specialty retailers, and hospitality establishments. It has a unique taste and look which makes it an expensive type of seafood to be used in fine-dining dishes. Fish processors are developing premium frozen and cooking-ready pink shrimp products to attract wealthy customers and exports from other countries. In May 2025, USDA purchased USD 16 million worth of Pacific pink shrimp, supporting Oregon fisheries, stabilizing markets through nutrition.

By form, frozen shrimp leads the market owing to extended shelf life and export convenience

Frozen shrimp makes up the largest share in the shrimp market since they retain their freshness and allow for international trade through distance. Individually quick-frozen methods enable producers to maintain quality of their products, minimize losses, and provide the foodservice industry with stable supplies of shrimp. Retailers can also gain from extended shelf life and greater merchandizing possibilities. Investments into cold chain logistics and innovative freezing facilities are making frozen shrimp highly competitive, becoming the dominant product form for exporters who supply supermarket, distributors, institution, and restaurant chains all over the world. In April 2026, Cox’s Seafood launched value-added frozen wild-caught shrimp with bold flavors, targeting convenience, retail growth, and consumer demand.

Shrimp Market Segment Form

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Canned shrimp records high rates of growth in the shrimp market revenue since customers look for seafood products which do not require any preparation. Producers expand their premium lines of cans by offering more flavors, healthy formulas, and packaging that are convenient for foodservice applications. Demand for emergency food supplies, travel-friendly products, and ready-to-use seafood ingredients is driving growth in this category. Advanced packing methods and greater availability of canned goods in retail channels drive seafood producers to introduce new forms of products.

Commercial users capture the largest share of the market through large-volume institutional seafood procurement demand

Commercial institutions form the leading user category since restaurants, hotels, caterers, institutional kitchens, and fast-food chain companies buy shrimp in large quantities all year round. The increase in tourism, seafood menus, and premium dining options keep driving commercial demand in the shrimp market. In addition, prominent buyers seek uniform product quality, certifications, and reliable supply arrangements; hence, they prompt processors to develop better production planning and sourcing strategies for reliable supply throughout the year. For example, in June 2026, Rōti Modern Mediterranean introduced Citrus Grilled Shrimp, expanding protein choices with fresh seasonal flavors and menu innovation.

Shrimp Market Segment End User

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The residential demand is witnessing a rapid growth trend due to the increased inclination among consumers towards preparing high-quality seafood meals at home. Processed products such as ready to cook, peeled, marinated and frozen shrimp are contributing towards easy meal preparations and protein intake. Online grocery platforms and improved supermarket ranges are facilitating increased availability of premium seafood products among consumers. In April 2023, CP Foods launched Homegrown Shrimp USA, advancing sustainable land-based farming with antibiotic-free production and recycled water systems.

By distribution channel, hypermarkets and supermarkets account for the dominant share of the market owing to extensive seafood assortment and consumer accessibility

The dominance of hypermarkets and supermarkets continues to persist within the shrimp market scope due to their extensive choice of fish, reliable cold chain facilities, and high-quality products. Being able to rely on solid supplier ties, they are constantly ensuring their inventory supply as well as promoting high-quality shrimp through various marketing initiatives. Moreover, major chains are offering sustainable seafood and private brand shrimp products, which allows them to develop their loyal customer base further. Convenience, wide geographical presence, and refrigeration facilities help to consolidate the channel's position on developed and developing seafood markets.

Shrimp Market Segment Distribution Channel

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The fast-growing online sales channel is gaining major traction due to the increased seafood availability offered by e-commerce platforms, allowing customers to buy seafood via home delivery or subscription service. Companies operating in the field of digital grocery commerce are investing in temperature-controlled delivery systems, efficient stock control, and special seafood packaging in order to preserve the quality of the product while delivering it. In March 2023, NaturalShrimp reopened online home delivery, expanding direct-to-consumer access for fresh, sustainably farmed shrimp across regional markets.

By species, Penaeus Vannamei registers the largest share of the market because of superior farming efficiency and export competitiveness worldwide

Penaeus Vannamei leads the shrimp market growth due to their high survival rates, effective use of feed, and reliable farming performance. Their versatility in intensive shrimp farms allows farmers to maximize productivity while minimizing operational costs. The processors leverage the uniform size found in this category, which is convenient for making value-added seafood products and exports. High global demand and broad farming knowledge are motivating the expansion of Vannamei farming in Latin America and Asia Pacific regions. Similarly, in December 2025, Morocco launched an innovative RAS shrimp farming project in arid regions, boosting sustainable aquaculture, production capacity, and regional employment.

Shrimp Market Segment Species

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Penaeus Monodon is experiencing fast growth in terms of the shrimp market revenue as buyers of premium seafood products look for shrimp species which are relatively bigger in size, have unique taste, and superior positioning in the market. Increased commercial viability through enhanced hatchery and disease control practices are leading to growth in Monodon farming. Black Tiger shrimps are preferred by restaurants, retailers, and exporters as seafood products.

By product category, peeled shrimp dominates the market owing to convenience, processing efficiency, and broad commercial utilization

Peeled shrimp represents the most popular category in the shrimp market since it saves the preparation time in households, in restaurants, and other institutional kitchens. Processors are increasingly offering their peeled shrimp products in frozen and chilled forms, which can be used in many recipes. Peeled shrimp products help save time in the preparation process for foodservice operations and offer convenience to customers. In March 2024, Laitram acquired Martak’s shrimp-peeling business, strengthening automated processing capabilities while advancing AI-powered vision technology for greater efficiency.

Cooked shrimp products are increasingly becoming the fastest growing category, fueled by consumers' interest in convenient, ready to eat seafood products. Flavoring, seasoning, and packaging of cooked shrimp is now being offered in the retail stores for use in salads and snacks. Convenience foods are gaining more importance among consumers while technological improvements in packaging and refrigerated transport is fueling the growth of the cooked category of the shrimp market.

Global Shrimp Market Regional Analysis 

Asia Pacific secures the largest share of the market through large-scale aquaculture production and export-oriented seafood industries

Asia Pacific takes the lead in the global shrimp market owing to a large-scale aquaculture industry, sophisticated processing facilities, and strong export potential. India, Vietnam, Indonesia, Thailand, and China continue developing sustainable shrimp farms, improving hatchery operations, cold storage facilities, and processing technologies. The low cost of production, well-developed knowledge of aquaculture techniques, and strong international trade channels allow local suppliers to sustain their dominant positions on the global seafood market despite the rising certification requirements. In March 2026, AquaExchange digitized India’s shrimp farming through AI, IoT, financing, insurance, and market-linkage solutions for sustainable growth.

Shrimp Market Regional Analysis

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Latin America represents the fastest growing regional shrimp market, which is driven by the expansion of Ecuador's shrimp exports and sustainable aquaculture development. Local producers develop their hatchery capacities, automate production processes, improve processing facilities, and gain various international certifications to provide the premium products for overseas buyers. The increase in production efficiency, improvement in logistics, and diversification of exporting directions allow Latin America to become a significant supplier, boosting the global shrimp market value.

Competitive Landscape

Increased competition is being observed in the global market as shrimp companies increasingly focus on sustainable aquaculture, value-added product development, traceability through digitization, and robust sourcing networks. Leading firms are making major investments in automated shrimp processing, supply chain transparency through blockchain, and shrimp breeding methods that are resistant to diseases to enhance buyer trust.

Some of the exporting firms are developing individual quick frozen, cooked and ready-to-cook shrimp portfolios to increase profit margins and meet changing demand. Firms’ strategic alliances with the technology providers in aquaculture help them to optimize feed usage, monitor water quality, and enhance production efficiency. Further, shrimp market players are diversifying their sourcing network in Asia and Latin America to minimize climate and disease risk as well as to meet increasing demands for sustainability by global retailers.

Mazzetta Company, LLC

Founded in 1987 and based in United States, Mazzetta Company provides frozen seafood items to the retail, wholesale, and food service industries. Mazzetta Company places great importance on sustainable shrimp procurement, quality assurance processes, and personalized packaging solutions. The company continues to build relationships with its supply chain partners while increasing its premium seafood product lines.

Apex Frozen Foods Ltd.

Founded in 2012 and based in Andhra Pradesh, India, Apex Frozen Foods is one of the largest exporters of shrimp. Apex Frozen Foods specializes in the areas of integrated farming operations, state-of-the-art processing plants, and global food safety certifications.

Seaprimexco Vietnam

Founded in 1976 and based in Vietnam, Seaprimexco Vietnam is an enterprise that specializes in processing and exporting of frozen shrimps and other types of seafood. The company is keen on adopting modern processing techniques, sustainable sourcing practices, and stringent quality control. The diverse exports range offered by the company makes it able to satisfy the demands of premium seafood retailers.

Liveris Afentoulis & Co.

Founded in 1971 and headquartered in Athens, Greece, Liveris Afentoulis & Co. is a leading importer and distributor of seafood products across the European market. The company concentrates on premium shrimp sourcing, cold chain logistics, and longstanding supplier partnerships. It serves wholesalers, retailers, and hoteliers by supplying high-quality seafood consistently.

Other key players in the market include Grand Ocean Seafoods Co., Ltd., Charoen Pokphand Foods PCL, Grupo Iberica Congelados, S.A., Ocean More Foods Co., Limited, Aqua Star, Pacific Seafood, Santa Priscila, Thai Union Group PCL, Avanti Feeds Ltd., Clearwater Seafoods Inc., High Liner Foods Inc., Marine Harvest, Maruha Nichiro Corporation, Nippon Suisan Kaisha, Nordic Seafoods A/S, and Surapon Foods, among others.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Key Highlights of the Global Shrimp Market Report

  • Comprehensive evaluation of AI-enabled aquaculture, digital traceability, and disease management innovations.
  • Detailed company benchmarking covering leading shrimp producers, exporters, and seafood processors.
  • Regional insights highlighting export hubs, sustainable farming clusters, and emerging consumption markets.
  • Strategic analysis of value-added processing, certification trends, and premium seafood procurement opportunities.

Why Rely on Expert Market Research?

  • Industry-focused research combining seafood trade expertise with aquaculture market intelligence.
  • Customized competitive insights supporting sourcing, investment, and expansion strategies.
  • Robust research methodology integrating primary interviews, trade analysis, and verified industry databases.
  • Forward-looking business intelligence identifying innovation opportunities, supply chain shifts, sustainability developments, and evolving global procurement trends.

Call to Action

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More Insights On

Europe Shrimp Market

United States Shrimp Market

India Shrimp Market

*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.*

Key Questions Answered in the Report

The global shrimp market attained a volume of 8.59 Million Tons in 2025.

The market is assessed to grow at a CAGR of 6.30% between 2026 and 2035.

The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a volume of around 15.82 Million Tons by 2035.

The key drivers for the market include rising population, increasing demand from the food industry, growing disposable incomes, and the escalating demand for frozen shrimp products.

The rising health consciousness among the consumers and the growing awareness about the nutritious content of shrimp are the key trends in the market.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The major species in the market are Penaeus Vannamei, Penaeus Monodon, and Macrobrachium Rosenbergii, among others.

The animal's shell is made of chitin, a thin yet stiff exoskeleton material. They do not belong to the family of fish because they lack an inner skeleton. They belong to the same family as crabs and lobsters and have ten legs.

Prawns and shrimp are very different animals. While both shrimp and prawns are decapods, or animals with 10 legs and an external skeleton, shrimp belong to the Pleocyemata suborder and prawns to the Dendrobranchiata suborder.

The major players in the market are Mazzetta Company, LLC, Apex Frozen Foods Ltd., Seaprimexco Vietnam, Liveris Afentoulis & Co., Grand Ocean Seafoods Co., Ltd, Charoen Pokphand Foods PCL, Grupo Iberica Congelados, S.A, Ocean More Foods Co., Limited, Aqua Star, Pacific Seafood, Santa Priscila, Thai Union Group PCL, Avanti Feeds Ltd., Clearwater Seafoods Inc., High Liner Foods Inc., Marine Harvest, Maruha Nichiro Corporation, Nippon Suisan Kaisha, Nordic Seafoods A/S, and Surapon Foods, among others.

The white shrimp segment is expected to be the leading segment in this market during the forecast period.

The Asia-Pacific region held the highest market share in 2026.

Rising seafood consumption, aquaculture advancements, and sustainability initiatives drive adoption.

The shrimp market is experiencing steady growth due to expanding global demand.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2025
Historical Period 2019-2025
Forecast Period 2026-2035
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Form
  • End-User
  • Distribution Channel
  • Species
  • Product Category
  • Region
Breakup by Type
  • Pink
  • White
  • Brown
  • Others
Breakup by Form
  • Frozen
  • Canned
Breakup by End-User
  • Residential
  • Commercial
Breakup by Distribution Channel
  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Hotels and Restaurants
  • Online Sales Channels
  • Others
Breakup by Species
  • Penaeus Vannamei
  • Penaeus Monodon
  • Macrobrachium Rosenbergii
  • Others
Breakup by Product Category
  • Peeled
  • Shell-on
  • Cooked
  • Breaded
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Supplier Selection
  • Key Global Players
  • Key Regional Players
  • Key Player Strategies
  • Company Profiles
Companies Covered
  • Mazzetta Company, LLC
  • Apex Frozen Foods Ltd.
  • Seaprimexco Vietnam
  • Liveris Afentoulis & Co.
  • Grand Ocean Seafoods Co., Ltd
  • Charoen Pokphand Foods PCL
  • Grupo Iberica Congelados, S.A
  • Ocean More Foods Co., Limited
  • Aqua Star
  • Pacific Seafood
  • Santa Priscila
  • Thai Union Group PCL
  • Avanti Feeds Ltd.
  • Clearwater Seafoods Inc.
  • High Liner Foods Inc.
  • Marine Harvest
  • Maruha Nichiro Corporation
  • Nippon Suisan Kaisha
  • Nordic Seafoods A/S
  • Surapon Foods
 

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We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

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