Shrimp Market Size, Share & Trends Analysis Distribution by Products (Frozen shrimps, Live/fresh/chilled/cooked/smoked shrimps, Prepared or preserved shrimps), Species (L. vannamei, P. monodon, M. rosenbergii, Other), Shrimp Source (Farmed/Aqua Cultured, Wild Captured) and Segment Forecasts, 2025-2034

Report Id: 2856 Pages: 165 Last Updated: 11 March 2025 Format: PDF / PPT / Excel / Power BI
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Segmentation of Shrimp Market -

Shrimp Market by Products-

  • Frozen Shrimps
  • Live/Fresh/Chilled/Cooked/Smoked Shrimps
  • Prepared or Preserved Shrimps

shrimp

Shrimp Market by Species -

  • vannamei
  • monodon
  • rosenbergii
  • Other

Shrimp Market by Shrimp Source-

  • Farmed/Aqua Cultured
  • Wild Captured                     

Shrimp Market by Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Chapter 1.          Methodology and Scope

1.1.        Research Methodology

1.2.        Research Scope & Assumptions

Chapter 2.          Executive Summary

Chapter 3.          Global Shrimp Market Snapshot

Chapter 4.          Global Shrimp Market Variables, Trends & Scope

4.1.        Market Segmentation & Scope

4.2.        Drivers

4.3.        Challenges

4.4.        Trends

4.5.        Industry Analysis – Porter’s Five Forces Analysis

4.6.        Major Shrimp Producing Countries

4.7.        Major Shrimp Consuming Countries

4.8.        Pricing Analysis 2021

4.9.        COVID 19 Impact Analysis on Import and Export

4.10.     Analysis of Shrimp Diseases by Region

4.11.     The Impact of Disease on the Veterinary Products

4.12.     List of Disinfectants Used in Hatcheries

4.13.     Analysis of Technology (pumps, aerators, Oxygen equipment’s used, shrimp counters, shrimp graders, etc)

4.14.     Overview of Global Market for Equipment’s Used (pumps, aerators, Oxygen equipment’s used, shrimp counters, shrimp graders, etc)

Chapter 5.          Market Segmentation 1: By Products Estimates & Trend Analysis

5.1.        By Products & Market Share, 2024 & 2034

5.2.        Market Size (Value & Volume) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Products:

5.2.1.    Frozen shrimps

5.2.2.    Live/fresh/chilled/cooked/smoked shrimps

5.2.3.    Prepared or preserved shrimps

Chapter 6.          Shrimp Market Segmentation 2: By Species Estimates & Trend Analysis

6.1.        By Species Analysis & Market Share, 2024 & 2034

6.2.        Market Size (Value & Volume) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Species:

6.2.1.    L. vannamei

6.2.2.    P. monodon

6.2.3.    M. rosenbergii

6.2.4.    Other

Chapter 7.          Shrimp Market Segmentation 3: By Shrimp Source Estimates & Trend Analysis

7.1.        By Shrimp Source Analysis & Market Share, 2024 & 2034

7.2.        Market Size (Value & Volume) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Shrimp Source:

7.2.1.    Farmed/Aqua Cultured

7.2.2.    Wild Captured

Chapter 8.          Shrimp Market Segmentation 4: Regional Estimates & Trend Analysis

8.1.        North America

8.1.1.    North America Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) Estimates and Forecasts by Products, 2021-2034

8.1.2.    North America Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) Estimates and Forecasts by Species, 2021-2034

8.1.3.    North America Revenue Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Shrimp Source, 2021-2034

8.1.4.    North America Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) Estimates and Forecasts by Country, 2021-2034

8.1.4.1. U.S.

8.1.4.2. Canada

8.2.        Europe

8.2.1.    Europe Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Products, 2021-2034

8.2.2.    Europe Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Species, 2021-2034

8.2.3.    Europe Revenue Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Shrimp Source, 2021-2034

8.2.4.    Europe Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Country, 2021-2034

8.2.4.1. Spain

8.2.4.2. Germany

8.2.4.3. Greece

8.2.4.4. Italy

8.2.4.5. Turkey

8.2.4.6. Poland

8.2.4.7. The UK

8.2.4.8. France

8.2.4.9. The Benelux Union

8.2.4.10.  Rest of Europe

8.3.        Asia Pacific

8.3.1.    Asia Pacific Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Products, 2021-2034

8.3.2.    Asia Pacific Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Species, 2021-2034

8.3.3.    Asia Pacific Revenue Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Shrimp Source, 2021-2034

8.3.4.    Asia Pacific Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Country, 2021-2034

8.3.4.1. Indonesia

8.3.4.2. China

8.3.4.3. Philippines

8.3.4.4. Thailand

8.3.4.5. Vietnam

8.3.4.6. India

8.3.4.7. Myanmar

8.3.4.8. Malaysia

8.3.4.9. Bangladesh

8.3.4.10.             Rest of Asia Pacific

8.4.        Latin America

8.4.1.    Latin America Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Products, 2021-2034

8.4.2.    Latin America Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Species, 2021-2034

8.4.3.    Latin America Revenue Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Shrimp Source, 2021-2034

8.4.4.    Latin America Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Country, 2021-2034

8.4.4.1. Ecuador

8.4.4.2. Argentina

8.4.4.3. Brazil

8.4.4.4. Colombia

8.4.4.5. Mexico

8.4.4.6. Rest of Latin America

8.5.        MEA

8.5.1.    MEA revenue Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Products, 2021-2034

8.5.2.    MEA Revenue Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Species, 2021-2034

8.5.3.    MEA Revenue Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Shrimp Source, 2021-2034

8.5.4.    MEA Revenue Shrimp Market Revenue (US$ Million), Volume (MT) and ASP (US$/MT) by Country, 2021-2034

8.5.4.1. Saudi Arabia

8.5.4.2. Egypt

8.5.4.3. Mozambique

8.5.4.4. Rest of Middle East & Africa

Chapter 9.          Competitive Landscape

9.1.        Company Profiles

9.1.1.    Mseafood Corp.

9.1.2.    Ristic AG

9.1.3.    Seajoy Seafood Corporation

9.1.4.    ArtisanFish LLC

9.1.5.    Orchid Marine

9.1.6.    Ananda Group

9.1.7.    Charoen Pokphand Food PCL

9.1.8.    The Clover Leaf Seafoods Family

9.1.9.    Nippon Suisan Kaisha, Ltd.

9.1.10.  Marine Harvest ASA

9.1.11.  Gulf Shrimp Company

9.1.12.  Thai Union Frozen Products PLC

9.1.13.  Baton Rouge Shrimp Company, Inc.

9.1.14.  Pescanova S.A

9.1.15.  Galveston Shrimp Company

9.1.16.  Labrador Fishermen's Union Shrimp Company Ltd.

9.1.17.  Ristic GmbH

9.1.18.  Vinnbio India Pvt. Ltd

9.1.19.  Dom International Limited

9.1.20.  Carribbean Shrimp Company Limited

9.1.21.  Artisanfish LLC

9.1.22. Other Prominent Players

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Shrimp Market Size is valued at USD 70.20 Bn in 2024 and is predicted to reach USD 124.77 Bn by the year 2034

The Shrimp Market is expected to grow at an 6.1% CAGR during the forecast period for 2024-2031.

Mseafood Corp., Ristic AG, Seajoy Seafood Corporation, ArtisanFish LLC, Orchid Marine, Ananda Group, Charoen Pokphand Food PCL, The Clover Leaf Seafoo

The Products, Species, Shrimp Source are the three key segments of the Shrimp Market.

Asia Pacific region is leading the Shrimp Market.

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