Shrimp Market, By Source Type, By Species, By Form, By End use Industry, By Geography

Description

Global Shrimp Market is estimated to be valued at USD 80.25 Bn in 2025 and is expected to reach USD 117.60 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 80.25 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	5.60%	2032 Value Projection:	USD 117.60 Bn

Figure. Shrimp Market Share (%), By Region 2025

The global shrimp market is expected to grow significantly in the coming years. Shrimp is one of the most popular and widely consumed seafood across various regions worldwide. Rising demand for shrimp as a high protein source coupled with the growth of the food processing industry is anticipated to drive the market growth during the forecast period. Increasing health-consciousness and changing dietary patterns are also expected to contribute to higher shrimp consumption globally. However, overfishing and challenges related to disease outbreaks in shrimp farming may hamper the market growth to some extent. Overall, growing seafood trade and rising population disposable incomes in developing countries are likely to create new opportunities in this space.

Market Dynamics:

The global shrimp market is primarily driven by growing awareness about the nutritional benefits of shrimp as a rich protein source. Shrimp contains high-quality protein and various vitamins and minerals that support overall health and wellness. With rising health consciousness, the demand for shrimp has increased considerably among health-conscious consumers worldwide. Furthermore, the growing processed and frozen seafood sector is widening the market scope for shrimp. The rising demand for convenience foods has propelled the sales of processed shrimp products such as breaded, canned, and cooked varieties across various countries. However, overfishing of shrimp in certain regions poses a major restraint to the market growth. Additionally, outbreaks of diseases like early mortality syndrome has negatively impacted shrimp farming in recent years. Nevertheless, increasing seafood exports and the flourishing food retail sector in developing nations would likely create new opportunities over the coming years.

Key Features of the Study:

This report provides an in-depth analysis of the global shrimp market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global shrimp market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Morubel N.V., Maruha Nichiro Corporation, Pacific Seafood, Thai Union Group PCL, Clearwater Seafoods, Avanti Feeds Limited, High Liner Foods, Surapon Foods Public Company Limited, Mazzetta Company, LLC, Aqua Star, Nordic Seafood A/S, The Waterbase Limited, and Wild Ocean Direct
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global shrimp market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

By Source Type:
- Cold Water Shrimps
- Hot Water Shrimps
By Species:
- Gulf Shrimps
- Farmed Whiteleg Shrimps
- Blue Shrimps
- Ocean Shrimps
- Royal Red Shrimps
By Form:
- Frozen
- Canned
- Peeled
- Cooked
- Shell-On
- Others
By End use Industry:
- Food
- Cosmetics
- Pharmaceutical
- Biotechnology and Life Sciences
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Morubel N.V.
- Maruha Nichiro Corporation
- Pacific Seafood
- Thai Union Group PCL
- Clearwater Seafoods
- Avanti Feeds Limited
- High Liner Foods
- Surapon Foods Public Company Limited
- Mazzetta Company, LLC
- Aqua Star
- Nordic Seafood A/S
- The Waterbase Limited
- Wild Ocean Direct

Product Code: CMI1232

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Source Type
- Market Snippet, By Species
- Market Snippet, By Form
- Market Snippet, By End use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Shrimp Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Shrimp Market
Impact Analysis

5. Global Shrimp Market, By Source Type, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Cold Water Shrimps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Hot Water Shrimps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends

6. Global Shrimp Market, By Species, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Gulf Shrimps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Farmed Whiteleg Shrimps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Blue Shrimps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Ocean Shrimps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Royal Red Shrimps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends

7. Global Shrimp Market, By Source Type, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Cold Water Shrimps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Hot Water Shrimps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends

8. Global Shrimp Market, By Form, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Frozen
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Canned
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Peeled
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Cooked
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Shell-On
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends

9. Global Shrimp Market, By Source Type, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Food
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Pharmaceutical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Biotechnology and Life Sciences
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends

10. Global Shrimp Market, By Distribution Channel, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Hypermarket/Supermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Convenience Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Online
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends

11. Global Shrimp Market, By Region, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021-2032
North America
- Introduction
- Market Size and Forecast, By Source Type, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Species, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Form, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By End use Industry, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
  - U.S.
  - Canada
Latin America
Europe
Asia Pacific
Middle East & Africa

12. Competitive Landscape

Market Share Analysis
Company Profiles
- Morubel N.V.
  - Company Overview
  - Source Type Portfolio
  - Recent Developments/Updates
- Maruha Nichiro Corporation
- Pacific Seafood
- Thai Union Group PCL
- Clearwater Seafoods
- Avanti Feeds Limited
- High Liner Foods
- Surapon Foods Public Company Limited
- Mazzetta Company, LLC
- Aqua Star
- Nordic Seafood A/S
- The Waterbase Limited
- Wild Ocean Direct

13. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

14. Section

References
Research Methodology
About Us and Sales Contact