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Global Shrimp Industry Report Overview
The global shrimp market reached a volume of 8.59 Million Tons at 2025 and is projected to expand at a CAGR of around 6.30% during the forecast period of 2026-2035. With rising global seafood and protein consumption, accelerated aquaculture investment in Ecuador and Vietnam, growing biosecure farming and disease prevention technology, and expanding modern retail and HoReCa demand worldwide, the market is expected to reach 15.82 Million Tons by 2035.
Key Market Trends and Insights
- Asia Pacific is expected to record a CAGR of 5.9% through the forecast period, aided by India, Vietnam, China, and Indonesia aquaculture and processing.
- The white shrimp category is expected to exhibit a CAGR of 5.8% through the forecast period, aided by Penaeus vannamei production in Ecuador, India, and Vietnam.
- Commercial end use is anticipated to register a CAGR of 5.6% during the forecast period, aided by hotel, restaurant, and QSR demand growth worldwide.
Market Size and Forecast
- Market Size (2025): 8.59 Million Tons
- Projected Market Size (2035): 15.82 Million Tons
- Compound Annual Growth Rate (CAGR) (2026-2035): 6.30%
Compound Annual Growth Rate
6.3%
Value in Million Tons
2026-2035
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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
The global shrimp market is reshaped by Ecuador export surge, Vietnam and India aquaculture growth, biosecure farming adoption, and Thai Union and Avanti Feeds investments in Latin American capacity. These shifts are recalibrating global trade flows and supply chain economics.
Avanti Feeds Ltd. approved a USD 3 million investment for a 10 percent stake in Thai Union Feedmill Ecuador, marking Avanti formal entry into the South American market and reinforcing Ecuador rising role as a global shrimp production hub for export to China, the US, and Europe.
Thai Union Group PCL announced an investment of up to USD 55 million to build an aquaculture feed production facility in Ecuador, suggesting sustained investment in Ecuador shrimp aquaculture supply chain and supporting Penaeus vannamei farming productivity and biosecurity at scale.
Ecuador exported 276 million pounds of shrimp in January 2026 alone, up 23 percent year on year, aided by resilient white shrimp production, expanding feed and biosecure farming investments, and recovering demand from China and the United States.
India black tiger shrimp exports expanded sharply, with Penaeus monodon volumes rising from 6,059 tons in 2020 to 58,221 tons in 2025, nearly a tenfold increase in five years, aided by Andhra Pradesh and Tamil Nadu aquaculture farms and export market diversification.
Ecuador Aquaculture Anchors Volume Growth
Ecuador Push: The global shrimp market is lifted by Ecuador white shrimp aquaculture growth, with Thai Union investing USD 55 million in a feed plant and Avanti Feeds taking a 10 percent stake in Thai Union Feedmill Ecuador, supporting Ecuador export volume to China, the US, and Europe.
Biosecure Farming Lifts Productivity
Biosecure Push: Global shrimp market growth is shaped by biosecure farming and disease prevention systems, with India, Vietnam, Ecuador, and Indonesia adopting better hatchery management, biofloc, and recirculating aquaculture systems to boost productivity and reduce disease losses.
India Black Tiger Shrimp Expands Diversified Exports
India Push: The global shrimp market is aided by India Penaeus monodon black tiger shrimp growth, with exports rising nearly tenfold in five years to 58,221 tons in 2025, anchored by Andhra Pradesh and Tamil Nadu farms and growing premium export market positioning.
Vietnam Targets Premium Export Markets
Vietnam Push: The global shrimp market is lifted by Vietnam shrimp export ambitions for 2026, with the fishing industry aiming for export turnover near USD 11.5 billion, aided by stabilising raw material sources, biosecure farms, and value added processing for premium export markets.
Modern Retail and HoReCa Lift Premium Demand
Retail Push: Global shrimp market growth is aided by modern retail, hypermarket, e-commerce, and HoReCa channel growth, with Penaeus vannamei and Penaeus monodon SKUs anchoring frozen, fresh, and value added shrimp assortments across global metro markets.
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Global Shrimp Industry Segmentation
The report of the Expert Market Research's 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: White shrimp dominates the type segment with Penaeus vannamei aquaculture in Ecuador, India, Vietnam, China, Indonesia, and Thailand. Pink shrimp anchor Mexican and Mediterranean wild capture and aquaculture. Brown shrimp lead Gulf of Mexico and North Sea wild capture. Other species including Macrobrachium rosenbergii contribute incremental volumes, with white shrimp growth backed by biosecure farming and feed innovation.
Market Breakup by Form
- Frozen
- Canned
Key Insight: Frozen shrimp dominate the form segment with broad supermarket, hypermarket, and HoReCa distribution. Canned shrimp retain relevance in shelf stable retail, foodservice, and ready meal applications. Frozen continues to grow on the back of cold chain growth, premium value added breaded, marinated, and ready to cook formats, aided by leading global processors in Ecuador, Thailand, India, and Vietnam.
Market Breakup by End-User
- Residential
- Commercial
Key Insight: Commercial end use leads the global shrimp market with hotels, restaurants, QSR, and institutional buyers driving large frozen and fresh shrimp volumes. Residential end use anchors modern retail mass household demand. Both segments are more and more specifying premium Penaeus monodon black tiger shrimp and Penaeus vannamei white shrimp from Ecuador, India, and Vietnam, aided by sustainability certifications and traceability programmes.
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Specialty Stores
- Hotels and Restaurants
- Online Sales Channels
- Others
Key Insight: Hypermarkets and supermarkets lead distribution with broad frozen shrimp assortments across mass and premium SKUs. Hotels and restaurants anchor commercial demand. Specialty seafood stores and convenience stores serve premium and impulse demand. Online sales channels are the fastest growing pool, aided by quick commerce, premium D2C seafood brands, and HoReCa procurement digitisation across global markets.
Market Breakup by Species
- Penaeus Vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
Key Insight: Penaeus vannamei dominates the species segment with mass aquaculture production in Ecuador, India, Vietnam, China, Indonesia, and Thailand. Penaeus monodon black tiger shrimp anchors premium pricing, with India exports rising sharply. Macrobrachium rosenbergii contributes incremental volumes in freshwater aquaculture. Species mix continues to evolve with biosecure farming, feed innovation, and premium export market demand.
Market Breakup by Product Category
- Peeled
- Shell-on
- Cooked
- Breaded
- Others
Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Insight: Asia Pacific dominates the global shrimp market on the back of India, Vietnam, China, Indonesia, and Thailand aquaculture and processing. Worth highlighting here is that latin America anchors Ecuador shrimp production, with rapid export volume growth to China, the US, and Europe. North America is anchored by mass retail and HoReCa frozen shrimp demand. Europe contributes through premium frozen and value added shrimp consumption. Middle East and Africa are emerging on hospitality and modern retail demand.
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Global Shrimp Market Share
By Type, White Shrimp dominates the market due to Penaeus vannamei aquaculture in Ecuador, India, and Vietnam
White shrimp lead the global shrimp market on Penaeus vannamei aquaculture production in Ecuador, India, Vietnam, China, Indonesia, and Thailand. January 2026 Ecuador 276 million pounds export volume up 23 percent year on year illustrates the scale and momentum of Latin American white shrimp exports to global markets.
Pink shrimp anchor Mexican and Mediterranean wild capture and aquaculture, while brown shrimp lead Gulf of Mexico and North Sea wild capture. Other species including Macrobrachium rosenbergii contribute incremental volumes. February 2026 Thai Union USD 55 million Ecuador feed plant investment further supports global shrimp market growth across white shrimp aquaculture.
By Form, Frozen accounts for the dominant share of the market due to broad supermarket, hypermarket, and HoReCa distribution and cold chain availability
Frozen shrimp dominate the form segment, pointing to the essential role of cold chain logistics in enabling global shrimp trade from major producing nations in Ecuador, India, Thailand, and Vietnam to consuming markets across North America, Europe, Japan, and China. Mass supermarket and hypermarket frozen seafood assortments, HoReCa procurement, and the growth of premium value-added breaded, marinated, and ready-to-cook shrimp formats continue to expand the frozen segment's volume base.
Canned shrimp retain relevance in shelf-stable retail, foodservice, and ready-meal applications, especially in markets with limited cold chain infrastructure. The convenience of long shelf life and ambient storage supports canned shrimp's ongoing presence in mid-tier retail and institutional catering channels across emerging and developed markets alike.
By End-User, Commercial accounts for the dominant share of the market due to hotel, restaurant, QSR, and institutional buyer demand for large frozen and fresh shrimp volumes
Commercial end use leads the global shrimp market, with hotels, restaurants, quick-service restaurant chains, and institutional buyers such as airline caterers and corporate canteens driving large-volume procurement of frozen and fresh shrimp. The global growth of seafood-oriented dining, sushi and seafood chain proliferation, and premium hotel buffet programming continue to support commercial end-user demand across all major geographies.
Residential end use anchors mass retail household demand, aided by modern supermarket and hypermarket frozen shrimp assortments. Both segments are more and more specifying premium Penaeus monodon black tiger and Penaeus vannamei white shrimp from Ecuador, India, and Vietnam, with sustainability certifications and supply chain traceability programmes becoming a key selection criterion across both commercial and residential channels.
By Distribution Channel, Hypermarkets and Supermarkets account for the dominant share of the market due to broad frozen shrimp assortments across mass and premium SKUs
Hypermarkets and supermarkets lead distribution in the global shrimp market, providing broad frozen shrimp assortments across mass commodity and premium value-added SKUs. Their combination of wide cold chain infrastructure, high consumer foot traffic, and the ability to merchandise diverse shrimp varieties, sizes, and preparation formats makes them the primary household and retail distribution pathway across all major consuming markets.
Hotels and restaurants anchor commercial distribution demand, representing a worth noting volume pool for large-format frozen and fresh shrimp procurement. On balance, online sales channels are the fastest growing distribution pool, aided by quick commerce platforms, premium direct-to-consumer seafood brands, and the digitisation of HoReCa procurement. Specialty seafood stores and convenience stores serve premium and impulse demand segments.
By Species, Penaeus Vannamei accounts for the dominant share of the market due to mass aquaculture production
Penaeus vannamei dominates the global shrimp market with mass aquaculture production across Ecuador, India, Vietnam, China, Indonesia, and Thailand. April 2026 Avanti Feeds USD 3 million investment for a 10 percent stake in Thai Union Feedmill Ecuador illustrates how Indian companies are participating in Latin American Penaeus vannamei feed and aquaculture supply chain.
Penaeus monodon black tiger shrimp is the next worth noting species, with India exports rising nearly tenfold from 6,059 tons in 2020 to 58,221 tons in 2025. Macrobrachium rosenbergii contributes incremental volumes in freshwater aquaculture. Together these species support global shrimp market growth across mass and premium retail and HoReCa channels.
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Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
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Global Shrimp Market Regional Analysis
Asia Pacific dominates the market due to aquaculture production and processing capacity
Asia Pacific leads the global shrimp market on the back of India, Vietnam, China, Indonesia, and Thailand aquaculture production and processing capacity, with January 2026 India Penaeus monodon black tiger shrimp growth pointing to strong premium export growth and Andhra Pradesh and Tamil Nadu farm investments. Vietnam targets USD 11.5 billion fishing industry export turnover for 2026, aided by stabilising raw material sources and value added processing.
Latin America is the fastest growing region on Ecuador shrimp production, exemplified by the January 2026 Ecuador 276 million pounds export volume up 23 percent year on year and February 2026 Thai Union USD 55 million feed plant investment. North America is anchored by US and Canadian mass retail and HoReCa demand. Europe contributes through premium frozen consumption, while Middle East and Africa are emerging on hospitality demand, supporting global shrimp market growth.
Competitive Landscape
The global shrimp market is fragmented with global integrated seafood majors, Ecuadorean and Asian aquaculture leaders, and large processors and exporters competing across white, pink, brown, and black tiger shrimp species. Competitive priorities revolve around aquaculture feed integration, biosecure farming, value added processing, and modern retail and HoReCa distribution.
Companies are differentiating through aquaculture feed investments, biosecure farming, processing scale, and global distribution. Strategic moves include the April 2026 Avanti Feeds stake in Thai Union Feedmill Ecuador, February 2026 Thai Union USD 55 million Ecuador feed plant announcement, and ongoing investments in India Penaeus monodon and Vietnam value added shrimp processing.
Charoen Pokphand Foods PCL
Founded in 1978 and headquartered in Bangkok, Thailand, the company is a leading global integrated agribusiness and food company with major shrimp aquaculture, feed, and processing operations across Thailand, Vietnam, India, China, and the United States, supplying value added frozen shrimp products to global retail, HoReCa, and industrial food customers.
Grupo Iberica Congelados, S.A
Founded in 1990 and headquartered in Madrid, Spain, the company is a leading Spanish frozen seafood processor and importer with worth noting frozen shrimp portfolio sourced from Latin American, Asian, and African producers. Its operations supply Spanish, European, and select global retail, HoReCa, and food processing customers across premium and mass frozen shrimp SKUs.
Ocean More Foods Co., Limited
Founded in 2002 and headquartered in Qingdao, China, the company is a Chinese seafood processor and exporter with worth noting frozen shrimp, fish, and value added seafood products. Its operations supply Chinese, US, EU, and Japanese retail, HoReCa, and food processing customers, with sourcing from Asian aquaculture suppliers and Chinese coastal processing.
Aqua Star
Founded in 1981 and headquartered in Seattle, Washington, the company is a major US frozen seafood importer and processor with broad value added shrimp portfolio sourced globally. Its operations supply US retail, HoReCa, club store, and food processing customers across mass and premium frozen shrimp SKUs, with sustainability and traceability programmes.
Other leading companies in the market are 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, and 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 findings from the Global Shrimp Market Report
- Comprehensive quantitative and qualitative analysis of the market with historical and forecast data from 2019 to 2035.
- Detailed segmentation by type, form, end user, distribution channel, species, and regional trends across all five global regions.
- Analysis of the competitive environment profiling major players and their market share, strategies, and innovations.
- Assessment of regulatory impacts, tariffs, traceability, and sustainability trends shaping aquaculture and processing.
- Insights on buyer behaviour, biosecure aquaculture adoption, and HoReCa demand.
- Strategic recommendations for businesses based on market forces, channel evolution, and growth opportunities.
Why choose Expert Market Research?
- Trusted by global clients for delivering accurate, data-driven market intelligence and forecasts.
- Industry-validated reports prepared by experienced analysts and local market experts.
- Actionable insights that support strategic planning, marketing, and product development decisions.
- Customisable research options to fit your business goals and investment decisions.
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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.
| 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:
|
| Breakup by Type |
|
| Breakup by Form |
|
| Breakup by End-User |
|
| Breakup by Distribution Channel |
|
| Breakup by Species |
|
| Breakup by Product Category |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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