Product Code: ETC13150119 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Shrimp Market was valued at USD 55 Billion in 2024 and is expected to reach USD 75 Billion by 2031, growing at a compound annual growth rate of 6.50% during the forecast period (2025-2031).
The global shrimp market is experiencing steady growth driven by increasing demand for seafood products, particularly in the Asia-Pacific region. Factors such as rising consumer awareness about the health benefits of consuming seafood, along with the growth of the aquaculture industry, are contributing to the market expansion. Key market trends include the popularity of sustainably sourced shrimp products, the adoption of advanced farming techniques to improve productivity and quality, and the growing preference for value-added shrimp products. However, challenges such as environmental concerns related to shrimp farming practices, disease outbreaks impacting production, and fluctuations in shrimp prices due to supply-demand dynamics are influencing the market. Overall, the global shrimp market is projected to continue its growth trajectory, supported by evolving consumer preferences and technological advancements in the aquaculture sector.
The Global Shrimp Market is experiencing significant growth driven by increasing consumer demand for seafood, particularly in regions like Asia and North America. Health-conscious consumers are opting for shrimp due to its high protein content and low fat levels. With the rise of aquaculture practices, sustainable shrimp farming is gaining momentum, offering opportunities for market players to meet the demand while maintaining environmental sustainability. Value-added shrimp products, such as ready-to-eat and flavored options, are also gaining popularity among consumers looking for convenience. Additionally, technological advancements in shrimp farming techniques and processing methods are enhancing efficiency and reducing costs for industry players. Overall, the Global Shrimp Market presents promising opportunities for innovation, sustainability, and meeting the evolving preferences of consumers worldwide.
The Global Shrimp Market faces several challenges, including disease outbreaks, environmental concerns, fluctuating prices, and competition from other seafood products. Disease outbreaks, such as Early Mortality Syndrome (EMS) and White Spot Syndrome Virus (WSSV), can devastate shrimp populations and impact production levels. Environmental concerns related to shrimp farming practices, such as habitat destruction, pollution, and use of chemicals, are increasingly important as consumers demand sustainability. Fluctuating prices due to supply chain disruptions, currency fluctuations, and global demand shifts can affect profitability for shrimp producers. Additionally, competition from other seafood products, such as salmon and tilapia, poses a challenge in capturing market share and maintaining consumer interest in shrimp. Overcoming these challenges will require innovation in farming practices, sustainable sourcing, and strategic marketing efforts in the Global Shrimp Market.
The Global Shrimp Market is primarily driven by increasing consumer demand for seafood, particularly among health-conscious individuals seeking lean protein sources. The growth of the market is also influenced by the rising popularity of shrimp dishes in various cuisines worldwide, leading to higher consumption levels. Additionally, advancements in shrimp farming techniques have boosted production efficiency and sustainability, meeting the demand for high-quality shrimp products. The expansion of aquaculture practices in developing countries like India, China, and Vietnam further contributes to the market growth by increasing supply volumes. Moreover, the increasing awareness of the nutritional benefits of shrimp, coupled with the convenience of frozen and processed shrimp products, is driving the market towards continued expansion and innovation.
Government policies related to the Global Shrimp Market vary by country, but some common themes include regulations on fishing practices to ensure sustainability, tariffs and trade agreements affecting import and export activities, and food safety standards to maintain quality and hygiene. In some regions, subsidies are provided to support domestic shrimp production, while in others, restrictions are imposed to prevent overfishing and protect marine ecosystems. Additionally, labor laws and regulations may impact shrimp farming practices, particularly in countries where labor conditions are closely monitored. Overall, government policies play a crucial role in shaping the dynamics of the Global Shrimp Market by influencing production costs, market access, and environmental sustainability.
The Global Shrimp Market is expected to witness steady growth in the coming years, driven by increasing demand for seafood products, shifting consumer preferences towards healthier protein sources, and the rising popularity of shrimp-based cuisines worldwide. Factors such as technological advancements in aquaculture practices, sustainable shrimp farming methods, and stringent quality control regulations are also likely to contribute to market expansion. However, challenges such as environmental concerns related to shrimp farming, fluctuating prices of feed ingredients, and competition from alternative protein sources may hinder the market growth to some extent. Overall, the Global Shrimp Market is anticipated to experience moderate growth with a focus on sustainability, innovation, and quality to meet the evolving demands of consumers and ensure long-term market viability.
In the Global Shrimp Market, Asia holds the largest share due to countries like India, Indonesia, and Vietnam being key producers and exporters. North America and Europe are significant importers of shrimp, with the United States being the largest consumer in North America. In Europe, countries like Spain, France, and Italy are major consumers of shrimp. The Middle East and Africa region have seen a growing demand for shrimp, driven by increasing consumption in countries like Saudi Arabia and the UAE. Latin America, particularly countries like Ecuador and Mexico, are major shrimp producers for both domestic consumption and export. Overall, the global shrimp market is influenced by a combination of production capabilities, consumer demand, and international trade dynamics across these regions.
Global Shrimp Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Shrimp Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Shrimp Market Revenues & Volume, 2021 & 2031F |
3.3 Global Shrimp Market - Industry Life Cycle |
3.4 Global Shrimp Market - Porter's Five Forces |
3.5 Global Shrimp Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Shrimp Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.7 Global Shrimp Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Global Shrimp Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.9 Global Shrimp Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.10 Global Shrimp Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Shrimp Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Shrimp Market Trends |
6 Global Shrimp Market, 2021 - 2031 |
6.1 Global Shrimp Market, Revenues & Volume, By Species, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Shrimp Market, Revenues & Volume, By Gulf Shrimps, 2021 - 2031 |
6.1.3 Global Shrimp Market, Revenues & Volume, By Farmed Whiteleg Shrimps, 2021 - 2031 |
6.1.4 Global Shrimp Market, Revenues & Volume, By Banded Coral Shrimps, 2021 - 2031 |
6.1.5 Global Shrimp Market, Revenues & Volume, By Royal Red Shrimp, 2021 - 2031 |
6.1.6 Global Shrimp Market, Revenues & Volume, By Giant Tiger Shrimps, 2021 - 2031 |
6.1.7 Global Shrimp Market, Revenues & Volume, By Blue Shrimps, 2021 - 2031 |
6.1.8 Global Shrimp Market, Revenues & Volume, By Ocean Shrimps, 2021 - 2031 |
6.2 Global Shrimp Market, Revenues & Volume, By Source, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Shrimp Market, Revenues & Volume, By Organic, 2021 - 2031 |
6.2.3 Global Shrimp Market, Revenues & Volume, By Conventional, 2021 - 2031 |
6.3 Global Shrimp Market, Revenues & Volume, By Form, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Shrimp Market, Revenues & Volume, By Canned, 2021 - 2031 |
6.3.3 Global Shrimp Market, Revenues & Volume, By Breaded, 2021 - 2031 |
6.3.4 Global Shrimp Market, Revenues & Volume, By Peeled, 2021 - 2031 |
6.3.5 Global Shrimp Market, Revenues & Volume, By Cooked & Peeled, 2021 - 2031 |
6.3.6 Global Shrimp Market, Revenues & Volume, By Shell-On, 2021 - 2031 |
6.3.7 Global Shrimp Market, Revenues & Volume, By Frozen, 2021 - 2031 |
6.4 Global Shrimp Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Shrimp Market, Revenues & Volume, By Direct, 2021 - 2031 |
6.4.3 Global Shrimp Market, Revenues & Volume, By Indirect, 2021 - 2031 |
6.5 Global Shrimp Market, Revenues & Volume, By Application, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Shrimp Market, Revenues & Volume, By Food, 2021 - 2031 |
6.5.3 Global Shrimp Market, Revenues & Volume, By Pharmaceutical, 2021 - 2031 |
6.5.4 Global Shrimp Market, Revenues & Volume, By Cosmetics, 2021 - 2031 |
6.5.5 Global Shrimp Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.5.6 Global Shrimp Market, Revenues & Volume, By Biotechnology, 2021 - 2031 |
7 North America Shrimp Market, Overview & Analysis |
7.1 North America Shrimp Market Revenues & Volume, 2021 - 2031 |
7.2 North America Shrimp Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Shrimp Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Shrimp Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Shrimp Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Shrimp Market, Revenues & Volume, By Species, 2021 - 2031 |
7.4 North America Shrimp Market, Revenues & Volume, By Source, 2021 - 2031 |
7.5 North America Shrimp Market, Revenues & Volume, By Form, 2021 - 2031 |
7.6 North America Shrimp Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
7.7 North America Shrimp Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Shrimp Market, Overview & Analysis |
8.1 Latin America (LATAM) Shrimp Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Shrimp Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Shrimp Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Shrimp Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Shrimp Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Shrimp Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Shrimp Market, Revenues & Volume, By Species, 2021 - 2031 |
8.4 Latin America (LATAM) Shrimp Market, Revenues & Volume, By Source, 2021 - 2031 |
8.5 Latin America (LATAM) Shrimp Market, Revenues & Volume, By Form, 2021 - 2031 |
8.6 Latin America (LATAM) Shrimp Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
8.7 Latin America (LATAM) Shrimp Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Shrimp Market, Overview & Analysis |
9.1 Asia Shrimp Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Shrimp Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Shrimp Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Shrimp Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Shrimp Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Shrimp Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Shrimp Market, Revenues & Volume, By Species, 2021 - 2031 |
9.4 Asia Shrimp Market, Revenues & Volume, By Source, 2021 - 2031 |
9.5 Asia Shrimp Market, Revenues & Volume, By Form, 2021 - 2031 |
9.6 Asia Shrimp Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
9.7 Asia Shrimp Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Shrimp Market, Overview & Analysis |
10.1 Africa Shrimp Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Shrimp Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Shrimp Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Shrimp Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Shrimp Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Shrimp Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Shrimp Market, Revenues & Volume, By Species, 2021 - 2031 |
10.4 Africa Shrimp Market, Revenues & Volume, By Source, 2021 - 2031 |
10.5 Africa Shrimp Market, Revenues & Volume, By Form, 2021 - 2031 |
10.6 Africa Shrimp Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
10.7 Africa Shrimp Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Shrimp Market, Overview & Analysis |
11.1 Europe Shrimp Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Shrimp Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Shrimp Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Shrimp Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Shrimp Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Shrimp Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Shrimp Market, Revenues & Volume, By Species, 2021 - 2031 |
11.4 Europe Shrimp Market, Revenues & Volume, By Source, 2021 - 2031 |
11.5 Europe Shrimp Market, Revenues & Volume, By Form, 2021 - 2031 |
11.6 Europe Shrimp Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
11.7 Europe Shrimp Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Shrimp Market, Overview & Analysis |
12.1 Middle East Shrimp Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Shrimp Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Shrimp Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Shrimp Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Shrimp Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Shrimp Market, Revenues & Volume, By Species, 2021 - 2031 |
12.4 Middle East Shrimp Market, Revenues & Volume, By Source, 2021 - 2031 |
12.5 Middle East Shrimp Market, Revenues & Volume, By Form, 2021 - 2031 |
12.6 Middle East Shrimp Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
12.7 Middle East Shrimp Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Shrimp Market Key Performance Indicators |
14 Global Shrimp Market - Export/Import By Countries Assessment |
15 Global Shrimp Market - Opportunity Assessment |
15.1 Global Shrimp Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Shrimp Market Opportunity Assessment, By Species, 2021 & 2031F |
15.3 Global Shrimp Market Opportunity Assessment, By Source, 2021 & 2031F |
15.4 Global Shrimp Market Opportunity Assessment, By Form, 2021 & 2031F |
15.5 Global Shrimp Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
15.6 Global Shrimp Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Shrimp Market - Competitive Landscape |
16.1 Global Shrimp Market Revenue Share, By Companies, 2024 |
16.2 Global Shrimp Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |