Global Shrimp Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• March 2024: Laitram Machinery acquired Martak's shrimp peeling business line in 2024. This move promises to increase the shrimp processing business landscape, especially for the Cold-Water Shrimp category.

• February 2024: An Indian online seafood-selling company “Captain Fresh” acquired U.S.-based seafood importer “CenSea Inc.,” Through this acquisition, the company is aiming to bring more than 50% of its business from the U.S. after the acquisition, which was 25-30% earlier.

• June 2022: “Ocean 14 Capital Fund” entered into a definitive agreement with USD 12 million to purchase a majority stake in “SyAqua”. SyAqua is one of the largest providers of shrimp genetics and has a footprint in the U.S., Malaysia, Singapore, Thailand, and Indonesia.

• March 2020: Sykes Seafood, a Liverpool-based seafood provider, acquired European shrimp processor Klaas Puul. It is expected that a combination of these two seafood businesses will offer customers access to a wide range of products in frozen format for retail and foodservice. Klaas Puul is one of the largest European processors operating in the Netherlands, Germany, Belgium, Denmark, and Morocco.

The global shrimp market is segmented by Type, Product, and Distribution Channel, each of which plays a critical role in shaping consumer preferences and market dynamics.In terms of Type, the market is divided into Pink, White, Brown, and Other shrimp. Pink shrimp are known for their mild flavor and tender texture, making them a popular choice in both fresh and processed shrimp products. These shrimp are commonly found in many parts of the world, particularly in regions with warm coastal waters. White shrimp, on the other hand, are prized for their clean, sweet flavor and firm texture, often featured in high-quality culinary dishes. These shrimp are predominantly found in colder waters and are highly sought after in both fresh and frozen forms. Brown shrimp are typically more robust in flavor and are often used in cooked preparations like soups, stews, and shrimp cocktails. While not as widely consumed as pink or white shrimp, brown shrimp are still important in regional markets, especially in the Gulf of Mexico. The Other category includes specialty shrimp varieties like Black Tiger Shrimp and Royal Red Shrimp, which cater to niche markets looking for unique flavors or larger sizes.

The Product segmentation of the shrimp market includes Frozen Shrimp, Canned Shrimp, and Others. Frozen shrimp is the dominant product form, driven by its extended shelf life, ease of transportation, and wide applicability in both retail and foodservice sectors. Consumers and restaurants favor frozen shrimp due to its convenience and availability year-round. Canned shrimp is a smaller segment but holds importance in markets where convenience and long-term storage are prioritized. Canned shrimp is typically used in ready-to-eat meals, soups, and salads. The Others category includes fresh shrimp and other processed forms such as shrimp paste or dried shrimp, which serve specific culinary and cultural needs.

The market is also segmented by Distribution Channel, with Supermarkets & Hypermarkets, Convenience Stores, and Others being key players. Supermarkets and hypermarkets are the largest distribution channels for shrimp, offering a wide range of shrimp products in both fresh and frozen forms. The convenience of one-stop shopping and the availability of bulk purchases make these stores a go-to option for consumers. Convenience stores, while smaller in size, also contribute to shrimp sales, particularly in urban areas where consumers seek quick, easy-to-prepare meals. The Others category includes online platforms and specialty stores, which are growing in prominence as e-commerce continues to expand and offer direct-to-consumer shrimp sales.Overall, the global shrimp market is shaped by consumer preferences for specific types of shrimp, product formats, and shopping habits, all of which contribute to its continued growth in both traditional and emerging markets.

Global Shrimp Segment Analysis

In this report, the Global Shrimp Market has been segmented by Type, Product, Distribution Channel and Geography.

Global Shrimp Market, Segmentation by Type

The Global Shrimp Market has been segmented by Type into Pink, White, Brown, and Other.

Pink Shrimp are the most commonly consumed variety, prized for their mild flavor, tender texture, and versatility in cooking. Pink shrimp are widely used in a variety of dishes such as shrimp cocktails, stir-fries, and shrimp salads, making them a staple in both home cooking and foodservice sectors. This type is primarily harvested in warmer waters, such as those in the Gulf of Mexico, Southeast Asia, and South America, and is available in both fresh and frozen forms. Due to their broad availability and relatively lower cost, pink shrimp are often the preferred choice for mass-market consumption.

White Shrimp, known for their sweet flavor and firm, slightly crunchy texture, are another popular variety in the shrimp market. These shrimp are highly sought after in high-end restaurants and gourmet cooking, particularly in dishes where the shrimp’s delicate taste is a focal point. White shrimp are often found in colder waters, such as those in the North Atlantic and the Pacific, and are available primarily in frozen forms. Their clean, sweet taste and appealing texture make them suitable for a wide range of applications, from grilling and sautéing to inclusion in pasta and seafood platters.

Brown Shrimp are typically smaller and have a stronger, more pronounced flavor compared to pink or white shrimp. This variety is often used in more robust dishes like shrimp gumbo, soups, and stews, where their distinctive taste can complement other ingredients. Brown shrimp are commonly found in the Gulf of Mexico and other coastal regions and are harvested in both fresh and frozen forms. They are particularly popular in certain regional markets, especially in the United States, where they are used in traditional Southern and Creole cuisines.

Global Shrimp Market, Segmentation by Product

The Global Shrimp Market has been segmented by Product into Frozen shrimp, Canned shrimp and Others.

Frozen shrimp represents the largest segment of the market, driven by its convenience, versatility, and extended shelf life. This form of shrimp is widely used by both households and food service providers due to its ease of storage and preparation. Frozen shrimp is available in various sizes and grades, allowing consumers to select products that best suit their culinary needs, whether for home cooking or restaurant use. The freezing process helps to preserve the shrimp's flavor, texture, and nutritional value, making it a popular choice for a variety of dishes, from casual meals to gourmet recipes.

Canned shrimp, although a smaller segment compared to frozen shrimp, offers significant advantages in terms of convenience and long shelf life. Canned shrimp is a practical option for consumers seeking ready-to-eat or easy-to-prepare seafood. It is commonly used in processed food products, ready-made meals, and various culinary applications where a pre-cooked, shelf-stable product is desired. The canning process also helps to retain the shrimp's flavor and nutritional content, making it a viable option for quick meal solutions.

The "others" category includes various forms of shrimp products such as dried shrimp, shrimp paste, and other specialty items. Dried shrimp, for example, is used in many Asian cuisines and offers a concentrated flavor that enhances various dishes. Shrimp paste, a fermented product, is a staple in several traditional recipes, adding depth and umami to culinary preparations. These specialized shrimp products cater to niche markets and specific culinary traditions, providing unique flavors and applications that complement a wide range of recipes.

Global Shrimp Market, Segmentation by Distribution Channel

The Global Shrimp Market has been segmented by Distribution Channel into Supermarkets and hypermarkets, Convenience stores and Others.

Supermarkets and hypermarkets are major distribution channels for shrimp, providing consumers with a wide range of shrimp products, including frozen, canned, and occasionally fresh options. These retail outlets offer a comprehensive shopping experience where customers can purchase shrimp alongside other grocery items. The presence of shrimp in these large-scale stores caters to a broad audience, from everyday shoppers to those seeking specialty seafood products. Supermarkets and hypermarkets often feature dedicated seafood sections, where shrimp is prominently displayed, allowing for easy selection and purchase. The convenience of these stores, coupled with their extensive product variety, makes them a preferred choice for many consumers.

Convenience stores, while offering a more limited selection of shrimp products, play an important role in catering to consumers looking for quick and accessible options. These stores typically focus on ready-to-eat and easy-to-prepare shrimp products, such as pre-cooked and packaged items. The appeal of convenience stores lies in their strategic locations and extended operating hours, providing customers with the flexibility to purchase shrimp products at their convenience. Although the variety may be narrower compared to supermarkets, convenience stores offer valuable options for consumers seeking fast and straightforward solutions for their seafood needs.

The "others" category encompasses additional distribution channels such as specialty stores, online retailers, and food service providers. Specialty stores, including those focusing on gourmet or international foods, may offer unique or premium shrimp products that are not commonly found in larger retail outlets. Online retailers have become increasingly important, providing a platform for consumers to purchase shrimp products with ease and have them delivered directly to their homes. This channel has gained prominence due to the growing trend of online shopping and the convenience it offers. Food service providers, including restaurants, hotels, and catering services, represent another key distribution channel, where shrimp is used in various culinary applications. These providers source shrimp in bulk to meet the demands of their menus and clientele, contributing to the overall market for shrimp products.

Global Shrimp Market, Segmentation by Geography

In this report, the Global Shrimp Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Shrimp Market Share (%), by Geographical Region, 2024

In Europe, the demand for shiitake mushrooms is influenced by a strong culinary tradition and the rising interest in exotic and nutritious foods. Countries like the United Kingdom, Germany, and France are key markets where shiitake mushrooms are used extensively in various dishes. The European market is also bolstered by a significant number of organic and specialty food stores that cater to health-conscious consumers. Additionally, the region's stringent regulations on food safety and quality ensure a steady demand for high-quality shiitake mushrooms.

Asia-Pacific represents the largest and fastest-growing market for shiitake mushrooms, primarily driven by China and Japan, where these mushrooms have been a staple in traditional cuisine for centuries. The region's long history of mushroom cultivation and consumption, coupled with increasing exports to Western markets, fuels its dominant position. Moreover, the rising disposable income and urbanization in emerging economies such as India and South Korea contribute to the growing market. Innovations in cultivation techniques and government support for agricultural practices further enhance production and distribution in this region.

In Latin America, the shiitake mushroom market is expanding gradually, with countries like Brazil and Mexico leading the way. The increasing awareness of the health benefits associated with shiitake mushrooms and the growing trend of adopting diverse culinary ingredients are driving the market. However, challenges such as limited cultivation infrastructure and the need for better distribution networks may slow growth compared to other regions.

The Middle East and Africa region represents a nascent but promising market for shiitake mushrooms. The rising awareness of healthy eating habits and the increasing popularity of international cuisines are key factors driving demand. Countries like South Africa and the United Arab Emirates are emerging markets where shiitake mushrooms are gradually being incorporated into the local diet. Despite challenges related to cultivation conditions and supply chain infrastructure, the market holds potential for significant growth with investments in technology and agricultural practices.

This report provides an in depth analysis of various factors that impact the dynamics of Global Shrimp Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers :

• Increasing consumer demand for seafood
• Nutritional benefits of shrimp

• Growth in the food service industry - The growth in the food service industry significantly impacts the global shrimp market, driving both demand and consumption across various segments. The food service industry, which includes restaurants, hotels, catering services, and fast-food chains, has seen substantial expansion globally, contributing to an increased demand for shrimp products.

  Restaurants and dining establishments play a crucial role in this growth. As consumer preferences shift towards dining out and experiencing diverse cuisines, shrimp has become a popular choice on menus due to its versatility and appealing taste. From high-end seafood restaurants to casual dining and fast-food outlets, shrimp is featured in a variety of dishes, such as shrimp cocktails, seafood pasta, and shrimp tacos. The demand for shrimp in these establishments is driven by its ability to cater to a wide range of culinary styles and consumer tastes, from traditional to innovative recipes.

  Hotels and catering services also contribute to the growth of the shrimp market. High-end hotels and resorts often include shrimp in their gourmet offerings, aiming to provide guests with premium dining experiences. Catering services, which supply food for events, banquets, and large gatherings, frequently use shrimp in their menus to meet the preferences of their clients. The ability to serve shrimp in large quantities and in various preparations makes it a favored choice for both special occasions and everyday events.

  The expansion of fast-food chains and quick-service restaurants further supports the growth of the shrimp market. These establishments are increasingly incorporating shrimp into their menus to offer consumers diverse and appealing options. Shrimp-based items, such as shrimp sandwiches and shrimp salads, cater to the growing demand for seafood and provide a convenient, quick-service solution for customers seeking seafood options.

Restraints :

• Environmental impact of shrimp farming
• Overfishing and depletion of wild shrimp stocks

• Disease outbreaks in aquaculture - Disease outbreaks in aquaculture pose a significant challenge to the global shrimp market, impacting both production and supply. Shrimp farming, or aquaculture, is susceptible to various diseases that can rapidly spread through densely stocked shrimp populations, leading to substantial economic losses and disruptions in the supply chain.

  Disease outbreaks in aquaculture can be triggered by a range of pathogens, including bacteria, viruses, and parasites. Common diseases affecting shrimp include White Spot Syndrome Virus (WSSV), Early Mortality Syndrome (EMS), and Vibrio infections. These diseases can cause high mortality rates in shrimp farms, leading to reduced harvests and financial losses for farmers. The spread of these diseases is often exacerbated by factors such as poor water quality, inadequate biosecurity measures, and stress from overstocking.

  The impact of disease outbreaks extends beyond immediate production losses. They can lead to increased costs for treatment and prevention, including the use of antibiotics and vaccines, which can be expensive and may not always be effective. Moreover, outbreaks can affect the market's stability, leading to fluctuating shrimp prices and supply shortages. Such instability can disrupt the balance between supply and demand, impacting consumers, retailers, and food service providers.

  Efforts to mitigate the impact of disease outbreaks in aquaculture involve several strategies. Improving biosecurity measures, such as enhanced sanitation practices, quarantine procedures, and regular health monitoring, is crucial in preventing the introduction and spread of diseases. Advances in shrimp breeding and genetics also play a role, as developing disease-resistant strains can help reduce the susceptibility of shrimp to infections. Additionally, ongoing research and development of vaccines and alternative treatments are essential to managing and controlling disease outbreaks more effectively.

Opportunities :

• Expansion of sustainable and certified shrimp farming
• Growing consumer awareness of health and nutrition benefits

• Development of value-added shrimp product - The development of value-added shrimp products is transforming the global shrimp market by enhancing the appeal and functionality of shrimp in various culinary and consumer applications. Value-added products are designed to offer additional benefits or conveniences beyond the basic form of shrimp, catering to evolving consumer preferences and market demands.

  One key area of value addition involves the processing and preparation of shrimp. Pre-cooked, breaded, and seasoned shrimp are examples of value-added products that simplify meal preparation for consumers and food service providers. These products are designed to save time and reduce preparation effort, making them attractive options for busy households and restaurants. Pre-cooked shrimp, for example, can be quickly used in salads, pasta dishes, and sandwiches, while breaded and seasoned varieties offer convenient options for appetizers and main courses.

  Another significant development in value-added shrimp products is the introduction of specialty items that cater to specific dietary preferences and health trends. This includes products like shrimp with reduced sodium, gluten-free coatings, or organic and sustainably farmed shrimp. These offerings align with the growing consumer demand for healthier, environmentally friendly, and ethically produced food options. By meeting these preferences, value-added shrimp products can capture niche markets and enhance consumer loyalty.

  The innovation of shrimp-based snacks and convenience foods also represents a growing segment of the value-added market. Shrimp chips, shrimp jerky, and other snack products offer unique flavors and textures that appeal to consumers looking for novel and convenient snack options. These products leverage the versatility of shrimp, creating opportunities for expansion into new food categories and enhancing the overall market presence of shrimp.

  The development of functional shrimp products, which incorporate shrimp into health-focused formulations, is another emerging trend. These include shrimp-based supplements and nutraceuticals that capitalize on shrimp's nutritional benefits, such as its high protein content, omega-3 fatty acids, and antioxidants. By promoting the health benefits of shrimp, these products appeal to health-conscious consumers and contribute to the diversification of the shrimp market.

Key players in Global Shrimp Market include ;

• Caribbean Shrimp Co. Ltd
• Charoen Pokphand Foods Plc
• Cooke Aquaculture Inc.
• Grand Ocean Seafoods Co. Ltd
• Liveris Afentoulis & Co.
• Maruha Nichiro Corp.
• Mazzetta Co. LLC
• Ocean More Foods Co. Ltd
• Rich Products Corp.
• Thai Union Group PCL

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis