Shrimp Market Report, Size, Share, Trends, Growth & Forecast...

Shrimp Market Report, Size, Share, Trends, Growth & Forecast 2027

Posted 2025-08-26 11:44:17

Shrimp Market is expected to grow at a CAGR of around 8% over the forecast period (2021-2027).

Shrimp is one of the most widely consumed types of seafood in the world. They have a laterally compressed and elongated body with long antennae and legs, and they belong to the Malacostraca, the biggest class of crustaceans. They can be found in freshwater lakes and streams in both shallow and deep water. Calcium, iodine, vitamin D, vitamin B3, zinc, protein, and omega-3 fatty acids are abundant, but saturated fats are scarce. They provide a variety of health benefits, including increasing bone and brain health, assisting weight reduction, lowering cardiovascular disease risks, treating eye fatigue, and lowering blood pressure, which has contributed to an increase in their demand across the globe. For instance: In the year 2020, shrimp exports totaled US$ 17.8 billion in overseas sales. The overall value of shrimp exports has decreased by -1.2% since 2016 and by -7.6% between 2019 and 2020.

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The global coronavirus epidemic has had a negative influence on

aquaculture productivity. All parts of the aquaculture value chain were

affected by the economic fallout from statewide stay-at-home directives and

delayed export flows. For instance: In the aftermath of

India's shutdown, shrimp hatcheries, farms, processors, retailers, and

exporters lost an estimated 30-40% of their business. On a contrary, due to record low costs, shrimp imports surged in numerous countries during

the first three quarters of 2020, despite decreasing demand from the hotel,

restaurant, and catering (HORECA) sector. The global retail demand for fresh

and frozen shrimp has soared.

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Based on type,

the market is segmented into Wild Shrimp, and Farmed Shrimp. Based on Species, the market is segmented into Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and Others. Based on category , the market is segmented into  Peeled, Shell-on, Cooked, and Others. Based on Distribution Channel , the market is segmented into  Hypermarkets & Supermarkets, Specialty Stores , Hotels & Restaurants, Online, Others.

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For a better understanding of the market of Shrimp, the market is

analyzed based on its worldwide adoption in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, Indonesia, India, Thailand, Rest of Asia- Pacific), & Rest of World. The shrimp market was dominated by Asia-Pacific. The Asia Pacific region's countries have been rapidly

developing, resulting in societal advancement and increased purchasing power as

economies get stronger. Asian countries such as China, India, Indonesia, Bangladesh,

the Philippines, Thailand, and Vietnam account for a large market share by

creating shrimp market opportunities, resulting in Asian countries dominating

the market.

Some of the major players operating in the market include Aqua Star Corp., Mazzetta Company, LLC,

Clearwater Seafoods Inc., Thai Union Group, Nordic Seafood A/S, Apex Frozen

Foods Ltd., Seaprimexco Vietnam, , Grupo Iberica Congelados, S.A, High Liner

Foods Inc., Charoen Pokphand Foods PCL, etc. Several

M&A’s along with partnerships have been undertaken by these players to

boost their presence in different regions

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