Summary

The global shrimp market remains one of the most dynamic and influential segments of the seafood industry, supported by rising consumption, expanding aquaculture production, and increasing awareness of protein-rich diets. Shrimp has established itself as a widely preferred seafood option due to its versatility, appealing taste, and suitability across a broad range of culinary traditions. From household meals to large-scale foodservice applications, shrimp continues to maintain strong demand across regions. Ongoing improvements in farming practices, processing technologies, and cold-chain logistics have significantly enhanced supply reliability and product quality. The global shrimp market is valued at USD 67.3 billion in 2026 and is projected to reach USD 107.36 billion by 2033, growing at a compound annual growth rate of 6.9% during the forecast period. This steady expansion reflects increasing global trade, evolving consumer preferences, and sustained investment across the seafood value chain.

Market Insights

Shrimp consumption continues to rise across both developed and emerging economies, driven by its premium positioning and growing accessibility through organized retail and online sales platforms. Farmed shrimp accounts for a significant share of total production, offering predictable output levels and stable pricing compared to wild-caught alternatives. Technological progress in hatchery management, feed efficiency, and water quality control has helped reduce production risks while improving yields. Additionally, the availability of shrimp in frozen and canned forms has enhanced shelf life, minimized wastage, and enabled broader geographic distribution. The growing popularity of ready-to-cook and processed seafood products aligns well with changing lifestyles, particularly in urban areas where convenience and time efficiency influence purchasing decisions.

Market Drivers

A major factor driving the shrimp market is the increasing global demand for high-quality animal protein. Shrimp is widely recognized for its nutritional benefits, including high protein content and low fat levels, making it attractive to health-conscious consumers. The expansion of the foodservice industry, encompassing restaurants, hotels, catering services, and quick-service outlets, has further boosted shrimp consumption worldwide. Global exposure to international cuisines and the growing popularity of seafood-based dishes have also contributed to demand growth. Improvements in freezing, packaging, and transportation infrastructure have strengthened international trade networks, allowing producers to access distant markets while maintaining freshness and safety standards.

Business Opportunity

The shrimp market presents considerable business opportunities across aquaculture, processing, distribution, and value-added product development. Expanding shrimp farming activities in emerging economies are creating demand for advanced farming technologies, feed solutions, and disease management systems. Value-added shrimp products such as peeled, deveined, cooked, and seasoned varieties are gaining strong traction, enabling companies to enhance margins and differentiate their product portfolios. Sustainability has emerged as a key area of opportunity, as buyers increasingly prioritize responsibly sourced and traceable seafood. Companies that invest in environmentally responsible farming practices and transparent supply chains are better positioned to attract premium buyers and secure long-term commercial partnerships.

Regional Analysis

Asia Pacific dominates the global shrimp market, supported by favorable climatic conditions, well-established aquaculture infrastructure, and strong export-oriented production capabilities. The region plays a central role in supplying shrimp to major consumption markets worldwide. North America represents a significant consumer market, driven by high seafood consumption rates, a robust foodservice sector, and widespread availability through supermarkets and specialty stores. Europe continues to show steady growth, supported by rising health awareness and increasing consumption of processed seafood products. Latin America is emerging as an important production and export region, benefiting from expanding aquaculture investments and improving supply chain capabilities. The Middle East and Africa region is witnessing gradual growth, supported by improving cold-chain infrastructure and growing interest in seafood-based diets.

Key Players

The global shrimp market is moderately consolidated, with several major companies competing based on scale, quality, distribution reach, and sustainability initiatives. Key players operating in the market include:

• Maruha Nichiro Corporation

• Nippon Suisan Kaisha, Ltd. (NISSUI)

• Thai Union Group PCL

• Charoen Pokphand Foods Public Company Limited (CP Foods)

• Mitsubishi Corporation

• Cargill, Incorporated

• Cermaq Group AS

• Seajoy Co., Ltd.

• High Liner Foods Inc.

• TASSAL Group Limited

• Grieg Seafood ASA

• AQUASEAFOOD, Inc.

• Grupo AquaChile

• Pacific Seafood Group

• Ocean Treasure Group

These companies focus on strategic expansions, partnerships, product innovation, and adherence to sustainability standards to strengthen their global market presence.

Future Outlook

The shrimp market is expected to sustain strong growth momentum over the coming years, supported by continuous improvements in aquaculture efficiency, automation in processing facilities, and enhanced global distribution networks. Rising urbanization, increasing disposable incomes, and evolving dietary habits are likely to support long-term demand. Regulatory emphasis on food safety, traceability, and environmental sustainability will continue to shape industry practices, encouraging greater adoption of certification programs and advanced monitoring systems. Overall, the shrimp market outlook remains positive, offering attractive growth opportunities for stakeholders across the value chain.

Market Segmentation

By Type

• Pink

• White

• Brown

• Other

By Form

• Frozen

• Canned

By End-User

• Residential

• Commercial

By Distribution Channel

• Hypermarkets/Supermarkets

• Convenience Stores

• Specialty Stores

• Online Sales Channels

By Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Table of Contents

1. Executive Summary
1.1. Global Shrimp Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2026
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. COVID-19 Impact Analysis
2.5. Porter's Fiver Forces Analysis
2.6. Impact of Russia-Ukraine Conflict
2.7. PESTLE Analysis
2.8. Regulatory Analysis
2.9. Price Trend Analysis
2.9.1. Current Prices and Future Projections, 2025-2033
2.9.2. Price Impact Factors
3. Global Shrimp Market Outlook, 2020 - 2033
3.1. Global Shrimp Market Outlook, by Type, Value (US$ Bn), 2020-2033
3.1.1. Pink
3.1.2. White
3.1.3. Brown
3.1.4. Other
3.2. Global Shrimp Market Outlook, by Form, Value (US$ Bn), 2020-2033
3.2.1. Frozen
3.2.2. Canned
3.3. Global Shrimp Market Outlook, by End-User, Value (US$ Bn), 2020-2033
3.3.1. Residential
3.3.2. Commercial
3.4. Global Shrimp Market Outlook, by Distribution Channel, Value (US$ Bn), 2020-2033
3.4.1. Hypermarkets/Supermarkets
3.4.2. Convenience Stores
3.4.3. Specialty Stores
3.4.4. Online Sales Channels
3.5. Global Shrimp Market Outlook, by Region, Value (US$ Bn), 2020-2033
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. Middle East & Africa
4. North America Shrimp Market Outlook, 2020 - 2033
4.1. North America Shrimp Market Outlook, by Type, Value (US$ Bn), 2020-2033
4.1.1. Pink
4.1.2. White
4.1.3. Brown
4.1.4. Other
4.2. North America Shrimp Market Outlook, by Form, Value (US$ Bn), 2020-2033
4.2.1. Frozen
4.2.2. Canned
4.3. North America Shrimp Market Outlook, by End-User, Value (US$ Bn), 2020-2033
4.3.1. Residential
4.3.2. Commercial
4.4. North America Shrimp Market Outlook, by Distribution Channel, Value (US$ Bn), 2020-2033
4.4.1. Hypermarkets/Supermarkets
4.4.2. Convenience Stores
4.4.3. Specialty Stores
4.4.4. Online Sales Channels
4.5. North America Shrimp Market Outlook, by Country, Value (US$ Bn), 2020-2033
4.5.1. U.S. Shrimp Market Outlook, by Type, 2020-2033
4.5.2. U.S. Shrimp Market Outlook, by Form, 2020-2033
4.5.3. U.S. Shrimp Market Outlook, by End-User, 2020-2033
4.5.4. U.S. Shrimp Market Outlook, by Distribution Channel, 2020-2033
4.5.5. Canada Shrimp Market Outlook, by Type, 2020-2033
4.5.6. Canada Shrimp Market Outlook, by Form, 2020-2033
4.5.7. Canada Shrimp Market Outlook, by End-User, 2020-2033
4.5.8. Canada Shrimp Market Outlook, by Distribution Channel, 2020-2033
4.6. BPS Analysis/Market Attractiveness Analysis
5. Europe Shrimp Market Outlook, 2020 - 2033
5.1. Europe Shrimp Market Outlook, by Type, Value (US$ Bn), 2020-2033
5.1.1. Pink
5.1.2. White
5.1.3. Brown
5.1.4. Other
5.2. Europe Shrimp Market Outlook, by Form, Value (US$ Bn), 2020-2033
5.2.1. Frozen
5.2.2. Canned
5.3. Europe Shrimp Market Outlook, by End-User, Value (US$ Bn), 2020-2033
5.3.1. Residential
5.3.2. Commercial
5.4. Europe Shrimp Market Outlook, by Distribution Channel, Value (US$ Bn), 2020-2033
5.4.1. Hypermarkets/Supermarkets
5.4.2. Convenience Stores
5.4.3. Specialty Stores
5.4.4. Online Sales Channels
5.5. Europe Shrimp Market Outlook, by Country, Value (US$ Bn), 2020-2033
5.5.1. Germany Shrimp Market Outlook, by Type, 2020-2033
5.5.2. Germany Shrimp Market Outlook, by Form, 2020-2033
5.5.3. Germany Shrimp Market Outlook, by End-User, 2020-2033
5.5.4. Germany Shrimp Market Outlook, by Distribution Channel, 2020-2033
5.5.5. Italy Shrimp Market Outlook, by Type, 2020-2033
5.5.6. Italy Shrimp Market Outlook, by Form, 2020-2033
5.5.7. Italy Shrimp Market Outlook, by End-User, 2020-2033
5.5.8. Italy Shrimp Market Outlook, by Distribution Channel, 2020-2033
5.5.9. France Shrimp Market Outlook, by Type, 2020-2033
5.5.10. France Shrimp Market Outlook, by Form, 2020-2033
5.5.11. France Shrimp Market Outlook, by End-User, 2020-2033
5.5.12. France Shrimp Market Outlook, by Distribution Channel, 2020-2033
5.5.13. U.K. Shrimp Market Outlook, by Type, 2020-2033
5.5.14. U.K. Shrimp Market Outlook, by Form, 2020-2033
5.5.15. U.K. Shrimp Market Outlook, by End-User, 2020-2033
5.5.16. U.K. Shrimp Market Outlook, by Distribution Channel, 2020-2033
5.5.17. Spain Shrimp Market Outlook, by Type, 2020-2033
5.5.18. Spain Shrimp Market Outlook, by Form, 2020-2033
5.5.19. Spain Shrimp Market Outlook, by End-User, 2020-2033
5.5.20. Spain Shrimp Market Outlook, by Distribution Channel, 2020-2033
5.5.21. Russia Shrimp Market Outlook, by Type, 2020-2033
5.5.22. Russia Shrimp Market Outlook, by Form, 2020-2033
5.5.23. Russia Shrimp Market Outlook, by End-User, 2020-2033
5.5.24. Russia Shrimp Market Outlook, by Distribution Channel, 2020-2033
5.5.25. Rest of Europe Shrimp Market Outlook, by Type, 2020-2033
5.5.26. Rest of Europe Shrimp Market Outlook, by Form, 2020-2033
5.5.27. Rest of Europe Shrimp Market Outlook, by End-User, 2020-2033
5.5.28. Rest of Europe Shrimp Market Outlook, by Distribution Channel, 2020-2033
5.6. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Shrimp Market Outlook, 2020 - 2033
6.1. Asia Pacific Shrimp Market Outlook, by Type, Value (US$ Bn), 2020-2033
6.1.1. Pink
6.1.2. White
6.1.3. Brown
6.1.4. Other
6.2. Asia Pacific Shrimp Market Outlook, by Form, Value (US$ Bn), 2020-2033
6.2.1. Frozen
6.2.2. Canned
6.3. Asia Pacific Shrimp Market Outlook, by End-User, Value (US$ Bn), 2020-2033
6.3.1. Residential
6.3.2. Commercial
6.4. Asia Pacific Shrimp Market Outlook, by Distribution Channel, Value (US$ Bn), 2020-2033
6.4.1. Hypermarkets/Supermarkets
6.4.2. Convenience Stores
6.4.3. Specialty Stores
6.4.4. Online Sales Channels
6.5. Asia Pacific Shrimp Market Outlook, by Country, Value (US$ Bn), 2020-2033
6.5.1. China Shrimp Market Outlook, by Type, 2020-2033
6.5.2. China Shrimp Market Outlook, by Form, 2020-2033
6.5.3. China Shrimp Market Outlook, by End-User, 2020-2033
6.5.4. China Shrimp Market Outlook, by Distribution Channel, 2020-2033
6.5.5. Japan Shrimp Market Outlook, by Type, 2020-2033
6.5.6. Japan Shrimp Market Outlook, by Form, 2020-2033
6.5.7. Japan Shrimp Market Outlook, by End-User, 2020-2033
6.5.8. Japan Shrimp Market Outlook, by Distribution Channel, 2020-2033
6.5.9. South Korea Shrimp Market Outlook, by Type, 2020-2033
6.5.10. South Korea Shrimp Market Outlook, by Form, 2020-2033
6.5.11. South Korea Shrimp Market Outlook, by End-User, 2020-2033
6.5.12. South Korea Shrimp Market Outlook, by Distribution Channel, 2020-2033
6.5.13. India Shrimp Market Outlook, by Type, 2020-2033
6.5.14. India Shrimp Market Outlook, by Form, 2020-2033
6.5.15. India Shrimp Market Outlook, by End-User, 2020-2033
6.5.16. India Shrimp Market Outlook, by Distribution Channel, 2020-2033
6.5.17. Southeast Asia Shrimp Market Outlook, by Type, 2020-2033
6.5.18. Southeast Asia Shrimp Market Outlook, by Form, 2020-2033
6.5.19. Southeast Asia Shrimp Market Outlook, by End-User, 2020-2033
6.5.20. Southeast Asia Shrimp Market Outlook, by Distribution Channel, 2020-2033
6.5.21. Rest of SAO Shrimp Market Outlook, by Type, 2020-2033
6.5.22. Rest of SAO Shrimp Market Outlook, by Form, 2020-2033
6.5.23. Rest of SAO Shrimp Market Outlook, by End-User, 2020-2033
6.5.24. Rest of SAO Shrimp Market Outlook, by Distribution Channel, 2020-2033
6.6. BPS Analysis/Market Attractiveness Analysis
7. Latin America Shrimp Market Outlook, 2020 - 2033
7.1. Latin America Shrimp Market Outlook, by Type, Value (US$ Bn), 2020-2033
7.1.1. Pink
7.1.2. White
7.1.3. Brown
7.1.4. Other
7.2. Latin America Shrimp Market Outlook, by Form, Value (US$ Bn), 2020-2033
7.2.1. Frozen
7.2.2. Canned
7.3. Latin America Shrimp Market Outlook, by End-User, Value (US$ Bn), 2020-2033
7.3.1. Residential
7.3.2. Commercial
7.4. Latin America Shrimp Market Outlook, by Distribution Channel, Value (US$ Bn), 2020-2033
7.4.1. Hypermarkets/Supermarkets
7.4.2. Convenience Stores
7.4.3. Specialty Stores
7.4.4. Online Sales Channels
7.5. Latin America Shrimp Market Outlook, by Country, Value (US$ Bn), 2020-2033
7.5.1. Brazil Shrimp Market Outlook, by Type, 2020-2033
7.5.2. Brazil Shrimp Market Outlook, by Form, 2020-2033
7.5.3. Brazil Shrimp Market Outlook, by End-User, 2020-2033
7.5.4. Brazil Shrimp Market Outlook, by Distribution Channel, 2020-2033
7.5.5. Mexico Shrimp Market Outlook, by Type, 2020-2033
7.5.6. Mexico Shrimp Market Outlook, by Form, 2020-2033
7.5.7. Mexico Shrimp Market Outlook, by End-User, 2020-2033
7.5.8. Mexico Shrimp Market Outlook, by Distribution Channel, 2020-2033
7.5.9. Argentina Shrimp Market Outlook, by Type, 2020-2033
7.5.10. Argentina Shrimp Market Outlook, by Form, 2020-2033
7.5.11. Argentina Shrimp Market Outlook, by End-User, 2020-2033
7.5.12. Argentina Shrimp Market Outlook, by Distribution Channel, 2020-2033
7.5.13. Rest of LATAM Shrimp Market Outlook, by Type, 2020-2033
7.5.14. Rest of LATAM Shrimp Market Outlook, by Form, 2020-2033
7.5.15. Rest of LATAM Shrimp Market Outlook, by End-User, 2020-2033
7.5.16. Rest of LATAM Shrimp Market Outlook, by Distribution Channel, 2020-2033
7.6. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Shrimp Market Outlook, 2020 - 2033
8.1. Middle East & Africa Shrimp Market Outlook, by Type, Value (US$ Bn), 2020-2033
8.1.1. Pink
8.1.2. White
8.1.3. Brown
8.1.4. Other
8.2. Middle East & Africa Shrimp Market Outlook, by Form, Value (US$ Bn), 2020-2033
8.2.1. Frozen
8.2.2. Canned
8.3. Middle East & Africa Shrimp Market Outlook, by End-User, Value (US$ Bn), 2020-2033
8.3.1. Residential
8.3.2. Commercial
8.4. Middle East & Africa Shrimp Market Outlook, by Distribution Channel, Value (US$ Bn), 2020-2033
8.4.1. Hypermarkets/Supermarkets
8.4.2. Convenience Stores
8.4.3. Specialty Stores
8.4.4. Online Sales Channels
8.5. Middle East & Africa Shrimp Market Outlook, by Country, Value (US$ Bn), 2020-2033
8.5.1. GCC Shrimp Market Outlook, by Type, 2020-2033
8.5.2. GCC Shrimp Market Outlook, by Form, 2020-2033
8.5.3. GCC Shrimp Market Outlook, by End-User, 2020-2033
8.5.4. GCC Shrimp Market Outlook, by Distribution Channel, 2020-2033
8.5.5. South Africa Shrimp Market Outlook, by Type, 2020-2033
8.5.6. South Africa Shrimp Market Outlook, by Form, 2020-2033
8.5.7. South Africa Shrimp Market Outlook, by End-User, 2020-2033
8.5.8. South Africa Shrimp Market Outlook, by Distribution Channel, 2020-2033
8.5.9. Egypt Shrimp Market Outlook, by Type, 2020-2033
8.5.10. Egypt Shrimp Market Outlook, by Form, 2020-2033
8.5.11. Egypt Shrimp Market Outlook, by End-User, 2020-2033
8.5.12. Egypt Shrimp Market Outlook, by Distribution Channel, 2020-2033
8.5.13. Nigeria Shrimp Market Outlook, by Type, 2020-2033
8.5.14. Nigeria Shrimp Market Outlook, by Form, 2020-2033
8.5.15. Nigeria Shrimp Market Outlook, by End-User, 2020-2033
8.5.16. Nigeria Shrimp Market Outlook, by Distribution Channel, 2020-2033
8.5.17. Rest of Middle East Shrimp Market Outlook, by Type, 2020-2033
8.5.18. Rest of Middle East Shrimp Market Outlook, by Form, 2020-2033
8.5.19. Rest of Middle East Shrimp Market Outlook, by End-User, 2020-2033
8.5.20. Rest of Middle East Shrimp Market Outlook, by Distribution Channel, 2020-2033
8.6. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Company Vs Segment Heatmap
9.2. Company Market Share Analysis, 2025
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Maruha Nichiro Corporation
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Developments
9.4.2. Nippon Suisan Kaisha, Ltd. (NISSUI)
9.4.3. Thai Union Group PCL
9.4.4. Charoen Pokphand Foods Public Company Limited (CP Foods)
9.4.5. Mitsubishi Corporation
9.4.6. Cargill, Incorporated
9.4.7. Cermaq Group AS
9.4.8. Seajoy Co., Ltd.
9.4.9. High Liner Foods Inc.
9.4.10. TASSAL Group Limited
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations