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Report Overview
The global shrimp market attained a volume of 8.59 Million Tons in 2025. The market is expected to grow at a CAGR of 6.30% in the forecast period of 2026-2035 to reach a volume of 15.82 Million Tons by 2035. Health trends, such as flexitarian diets, propel the shrimp demand as an alternative to conventional meat.
Key Market Insights
- The Asia Pacific shrimp market represents the dominant regional market and is projected to grow at 7.1% CAGR over the forecast period.
- As per country analysis, Italy held 4.1% of the Europe shrimp market share in 2025.
- Farmed shrimps have gained wide popularity and is projected to continue dominating the market with a CAGR of 6.9% during the forecast period.
- By distribution channel, the online segment is projected to grow at a CAGR of 8.3% over the forecast period.
Market Size & Forecast
- 2025 Market Size: 8.59 Million Tons
- Forecasted Market Size in 2035: 15.82 Million Tons
- CAGR from 2026 to 2035: 6.30%
- Largest Regional Market: Asia Pacific
The global shrimp market is poised for growth as consumers clamour for protein-rich diets and more seafood. The Asia Pacific leads the choirs of production with the highest levels of protein-rich food consumption, creating a burgeoning clamour for seafood. China, in particular, India, and Vietnam are in demand for the highest level of export. Controlled by the strong demand for convenient and sustainable-type seafood, the U.S. presents itself poised to realize very high amounts of imports. Health trends, such as flexitarian diets, push up shrimp demand as an alternative to conventional meat. Sustainability issues and disease outbreaks may pose challenges, but innovation in aquaculture and sustainable practices should provide a counterbalance to growth. The overall shrimp market shall continue to see steady procured growth driven by innovation and changing dietary trends conferred by consumers within the international markets.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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In 2023, China’s shrimp production reached 1 million metric tons, driven by innovations in recirculating aquaculture systems (RAS) that boost efficiency and allow for year-round production. These advancements cater to increasing domestic demand and strengthen China’s position as a key global supplier of both fresh and processed shrimp, according to FAO Globefish, January 2024.
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Mexico produced around 200,000 metric tons of shrimp in 2023, with a focus on sustainable farming practices to improve quality and yield. This commitment to sustainability and high-quality production has boosted Mexico's exports, supported economic growth, and met the growing global demand for responsibly sourced seafood, according to industry reports.
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Thailand’s shrimp production reached 400,000 metric tons in 2023, with a focus on black tiger and Pacific white shrimp. Its strong aquaculture sector generates significant export revenue, while its emphasis on sustainability enhances the country’s reputation with international buyers, according to the Thai Department of Fisheries Report, December 2023.
Competitive Landscape
The shrimp market key players specialise in a wide range of seafood, including shrimp, fish, and shellfish. They are committed to providing high-quality, sustainably sourced products, working closely with global suppliers to ensure freshness and traceability. With a focus on innovation, these companies continuously enhance their operations, maintaining the highest food safety standards and addressing the growing demand for environmentally responsible seafood.
Key Industry Players
Mazzetta Company, LLC: Based in Chicago, United States, and founded in 1976, it specialises in seafood and frozen foods, offering a range of products including shrimp and fish. The company is committed to sustainability, quality, and responsible sourcing, aiming to meet global demand with ethically produced products.
Apex Frozen Foods Ltd.: Established in 1995 and headquartered in India, Apex is a major exporter of frozen shrimp. Known for high-quality, sustainably sourced products, the company serves international markets with an emphasis on food safety, innovation, and environmental responsibility, making it a key player in the frozen seafood sector.
Seaprimexco Vietnam: Founded in 1994, and based in Can Tho, Vietnam, Seaprimexco is a leading producer and exporter of shrimp. The company focuses on processing, packaging, and distributing high-quality shrimp to global markets, with a commitment to sustainability and stringent quality control in its production processes.
Liveris Afentoulis & Co.: Established in 1970 and based in Athens, Greece, the company operates in the seafood industry, focusing on supplying high-quality seafood, particularly shrimp, to international markets. The company is known for sustainable sourcing, innovative processing methods, and a commitment to maintaining high product quality standards.
Other key players in the shrimp market report 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.
Shrimp Market Report Snapshots
*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.*
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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.
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