Market Forecast By Species (Gulf Shrimps, Farmed Whiteleg Shrimps, Banded Coral Shrimps, Royal Red Shrimp, Giant Tiger Shrimps, Blue Shrimps, Ocean Shrimps), By Source (Organic, Conventional), By Form (Canned, Breaded, Peeled, Cooked & Peeled, Shell-On, Frozen), By Sales Channel (Direct, Indirect), By Application (Food, Pharmaceutical, Cosmetics, Industrial, Biotechnology) And Competitive Landscape
Product Code: ETC094305 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
According to 6Wresearch
Report Name | Malaysia Shrimp Market |
Forecast Period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Food Industry |
The Malaysia Shrimp Market Report comprehensively covers the market segmentation by species, source, form, sales channels, and application. It offers an unbiased and detailed analysis of trends, growth drivers, opportunities in high-demand areas, and the challenges impacting the current and future market dynamics.
The gradual development of the Malaysia Shrimp Market is propelled by the increased consumption of seafood, demand for high-quality sources of protein, and increasing importance of sustainable aquaculture practices. The market serves a wide consumer base comprising Gulf Shrimps, Farmed White leg Shrimps, and Giant Tiger Shrimps. Important trends in the market involve a transition toward organic shrimp farming and preference among consumers for processed and frozen options such as canned, breaded, and shell-on shrimps. Growth in the market is further buoyed by rising exports, especially to Europe and Asia.
The Malaysia Shrimp Market is anticipated to grow at a CAGR of 5.8% during the forecast period 2025-2031. Market advancement in aquaculture technology with enhanced yields and shrimp quality remains a propeller for the Malaysia shrimp market. A growing trend toward organic and eco-friendly seafood is educating customers, giving farmers the chance to adopt more sustainable methodologies. Other government schemes that supplement aquaculture by the way of training and subsidies have also helped develop the market.
Another plus has been increased applications of shrimp in non-food sectors such as pharmaceuticals and cosmetics. Growing consumption of frozen shrimp and ready-to-cook shrimp products through online and offline retail channels keeps asserting the Malaysia Shrimp Market growth. The good prospects assure that the Malaysia shrimp market will face volatility in feed prices, which impinges on profitability for shrimp farming operations. Environmental and regulatory challenges presented by sustainable aquaculture guidelines further complicate the ability to enter the market. Shrimp culture poses risks to harvest yields and investment in bio-security measures, thus creating risks of disease outbreaks. Such challenges, together with low awareness for organic shrimp products, place major hindrances to this sector.
Sustainability and innovation trends largely steer the Malaysia Shrimp Market. Disease-resistant shrimp breeding and biosecurity farming systems for assured mix yield are well noted among the trends. Digital technologies are adopted, like tracking water quality and shrimp culture efficiencies through an IoT-based monitoring system. Value-added shrimp products, including both pre-cooked and marinated are in focus for the utmost consumer convenience. Omnichannel approaches that combine brick-and-mortar retailing with e-commerce are essential for retailing. New direct-to-consumer channels are also increasingly popular, emphasizing traceability and transparency.
The Shrimp Market in Malaysia remains an investment opportunity, ever greener on the horizon, particularly in sustainable aquaculture systems. First, through the innovative farming technology of recirculating aquaculture systems, organic production in shrimp farming will complement the ever-growing demands of eco-friendly food. Moreover, it is an immense opportunity for logistics and cold chain infrastructure high-efficient distribution of high-standard shrimp products to be marketed domestically and internationally. Invest in pharmaceutical and cosmetic applications based on shrimp, utilizing the nutritional and biochemical characteristics of shrimp-derived compounds.
The major players in the Malaysia Shrimp Market share include QL Foods, Gold Cold Transport, and GST Group. The QL Foods company is known for its frozen and processed seafood complete ranges. Gold cold transport was developed with advanced cold chain solutions for shrimp and other seafood. GST Group focuses on shrimp sustainability by promoting organic and high-quality shrimp products both locally and internationally.
The different sustainable shrimp farming policies under the Fisheries Act 1985 of Malaysia have been put into place by the government. Under the National Aquaculture Plan, the Department of Fisheries has initiated programs whereby subsidies and training are provided to farmers for environmentally sustainable farming practices. Besides that, Malaysia's export regulations stipulate compliance with strict international quality and safety standards that place the nation firmly on the pedestal among global exporters of shrimp. Compliance with the Sanitary and Phytosanitary (SPS) Agreement is also enforced to restrict trade barriers and enhance global competitiveness.
The Malaysia Shrimp Market industry is headed for excellent growth owing to the rise in seafood consumption that will boost demand for high-quality shrimp products. Advancements in aquaculture including improved breeding techniques and environmentally sustainable farming methods will continue to shape the future of this industry.
The organic segment along with processed shrimp will be able to expand given the rising trend toward premium shrimp products, thus presenting huge opportunities for growth in the sector. The indirect and direct integration of digital technologies in farm and retail channels will improve efficiency and consumer satisfaction. It is also essential that these challenges such as fluctuating costs and environmental limitations be dealt with for the attainment of this goal.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ashutosh, Senior Research Analyst at 6Wresearch, farmed whiteleg shrimps are emerging as the fastest-growing segment. Their popularity stems from their high yield, adaptability to aquaculture practices, and consistent quality, making them a preferred choice for both domestic and international markets.
The organic shrimp segment is experiencing significant growth due to rising consumer awareness of health and sustainability. Organic shrimps, raised without the use of chemicals or antibiotics, cater to the rapidly expanding demand for eco-friendly and premium seafood products, particularly among health-conscious consumers.
Frozen shrimps lead as the fastest-growing form, owing to their convenience, extended shelf life, and ease of storage. The ability to maintain the freshness and quality of shrimps through freezing aligns well with consumer and market needs, especially in the export sector.
Indirect sales, particularly through retail channels and e-commerce platforms, are witnessing robust growth. The rise in online seafood marketplaces, coupled with shifting consumer preferences toward online shopping, is driving this segment. Retailers are leveraging digital technology to expand reach and improve accessibility for customers.
The food industry dominates in terms of fast-growing applications for shrimps. Increasing consumer demand for seafood-based cuisines, ready-to-eat meals, and gourmet products is pushing the growth of this segment. Innovations in shrimp-based processed foods, particularly for health-conscious and convenience-driven markets, further contribute to this demand.
The report provides a detailed analysis of the following market segments:
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 Malaysia Shrimp Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Shrimp Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Shrimp Market - Industry Life Cycle |
3.4 Malaysia Shrimp Market - Porter's Five Forces |
3.5 Malaysia Shrimp Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.6 Malaysia Shrimp Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Malaysia Shrimp Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Malaysia Shrimp Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.9 Malaysia Shrimp Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Malaysia Shrimp Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia Shrimp Market Trends |
6 Malaysia Shrimp Market, By Types |
6.1 Malaysia Shrimp Market, By Species |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Shrimp Market Revenues & Volume, By Species, 2018 - 2031F |
6.1.3 Malaysia Shrimp Market Revenues & Volume, By Gulf Shrimps, 2018 - 2031F |
6.1.4 Malaysia Shrimp Market Revenues & Volume, By Farmed Whiteleg Shrimps, 2018 - 2031F |
6.1.5 Malaysia Shrimp Market Revenues & Volume, By Banded Coral Shrimps, 2018 - 2031F |
6.1.6 Malaysia Shrimp Market Revenues & Volume, By Royal Red Shrimp, 2018 - 2031F |
6.1.7 Malaysia Shrimp Market Revenues & Volume, By Giant Tiger Shrimps, 2018 - 2031F |
6.1.8 Malaysia Shrimp Market Revenues & Volume, By Blue Shrimps, 2018 - 2031F |
6.2 Malaysia Shrimp Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Shrimp Market Revenues & Volume, By Organic, 2018 - 2031F |
6.2.3 Malaysia Shrimp Market Revenues & Volume, By Conventional, 2018 - 2031F |
6.3 Malaysia Shrimp Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Malaysia Shrimp Market Revenues & Volume, By Canned, 2018 - 2031F |
6.3.3 Malaysia Shrimp Market Revenues & Volume, By Breaded, 2018 - 2031F |
6.3.4 Malaysia Shrimp Market Revenues & Volume, By Peeled, 2018 - 2031F |
6.3.5 Malaysia Shrimp Market Revenues & Volume, By Cooked & Peeled, 2018 - 2031F |
6.3.6 Malaysia Shrimp Market Revenues & Volume, By Shell-On, 2018 - 2031F |
6.3.7 Malaysia Shrimp Market Revenues & Volume, By Frozen, 2018 - 2031F |
6.4 Malaysia Shrimp Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Malaysia Shrimp Market Revenues & Volume, By Direct, 2018 - 2031F |
6.4.3 Malaysia Shrimp Market Revenues & Volume, By Indirect, 2018 - 2031F |
6.5 Malaysia Shrimp Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Malaysia Shrimp Market Revenues & Volume, By Food, 2018 - 2031F |
6.5.3 Malaysia Shrimp Market Revenues & Volume, By Pharmaceutical, 2018 - 2031F |
6.5.4 Malaysia Shrimp Market Revenues & Volume, By Cosmetics, 2018 - 2031F |
6.5.5 Malaysia Shrimp Market Revenues & Volume, By Industrial, 2018 - 2031F |
6.5.6 Malaysia Shrimp Market Revenues & Volume, By Biotechnology, 2018 - 2031F |
7 Malaysia Shrimp Market Import-Export Trade Statistics |
7.1 Malaysia Shrimp Market Export to Major Countries |
7.2 Malaysia Shrimp Market Imports from Major Countries |
8 Malaysia Shrimp Market Key Performance Indicators |
9 Malaysia Shrimp Market - Opportunity Assessment |
9.1 Malaysia Shrimp Market Opportunity Assessment, By Species, 2021 & 2031F |
9.2 Malaysia Shrimp Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Malaysia Shrimp Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Malaysia Shrimp Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.5 Malaysia Shrimp Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Malaysia Shrimp Market - Competitive Landscape |
10.1 Malaysia Shrimp Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Shrimp Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |