Shrimp Feed Market Report 2026

The shrimp feed market size has grown strongly in recent years. It will grow from $4.79 billion in 2025 to $5.1 billion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to expansion of shrimp aquaculture farming, increasing global shrimp consumption, availability of commercial feed formulations, growth of export-oriented shrimp farming, adoption of formulated aquafeeds.

The shrimp feed market size is expected to see strong growth in the next few years. It will grow to $6.36 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to improving feed digestibility technologies, rising focus on sustainable aquaculture practices, expansion of intensive shrimp farming systems, growing demand for antibiotic-free feeds, advancements in feed processing techniques. Major trends in the forecast period include development of nutrient-enriched shrimp feed, rising use of plant-based feed ingredients, growing adoption of species-specific feed formulations, expansion of functional feed additives, enhanced focus on feed conversion efficiency.

The increasing demand for seafood is expected to propel the growth of the shrimp feed market going forward. Seafood refers to edible aquatic animals and plants harvested from freshwater or saltwater environments for human consumption. The rising demand for seafood is driven by growing health consciousness, cultural dietary preferences, convenience, sustainability considerations, and globalization of food supply chains. High-quality shrimp feed plays a critical role in supporting the sustainable expansion of shrimp aquaculture by improving feed efficiency, promoting shrimp health, and minimizing environmental impact, thereby helping meet rising global seafood demand while preserving aquatic ecosystems. For instance, in June 2024, according to the Food and Agriculture Organization of the United Nations (FAO), global fisheries and aquaculture production reached 223.2 million tonnes in 2022. Aquatic animal production is projected to increase by 10% by 2032, reaching 205 million tonnes, while apparent consumption is expected to rise by 12% to an average of 21.3 kg per capita by 2032. Therefore, the increasing demand for seafood is driving the growth of the shrimp feed market.

Major companies operating in the shrimp feed market are focusing on developing innovative products, such as functional shrimp feed, to enhance feed efficiency, shrimp health, and sustainability. Functional shrimp feed refers to specialized diets formulated not only to meet basic nutritional requirements but also to improve growth performance, strengthen immunity, and increase resistance to diseases. These feeds often contain functional additives that provide benefits beyond conventional nutrition. For instance, in May 2024, Skretting, a Norway-based aquafeed producer, launched Armis, a functional shrimp feed designed to improve shrimp resilience under challenging farming conditions. The feed was developed specifically for shrimp farmers in India and addresses issues caused by parasites such as Enterocytozoon hepatopenaei (EHP) and other common shrimp diseases, helping safeguard farm productivity and performance.

In June 2025, IFB Agro Industries Ltd., an India-based provider of aqua-feed products, acquired the commercial shrimp and freshwater fish feed business of Cargill India Pvt. Ltd. for an undisclosed amount. Through this acquisition, IFB Agro aims to strengthen its aquaculture feed portfolio by integrating Cargill India’s feed formulations, manufacturing facilities, and operational expertise. Cargill India Pvt. Ltd. is an India-based company that supplies commercial compound shrimp and freshwater fish feed along with related production assets.

Major companies operating in the shrimp feed market are Cargill Incorporated, The Archer-Daniels-Midland Company, Tongwei Co Ltd, Evonik Industries AG, Charoen Pokphand Food Public Company Limited, Nutreco Holding N.V., Novozymes AS, Alltech Inc., Virbac Corp, Guangdong Yuehai Feeds Group Co Ltd, Ridley Corporation, Avanti Feeds Ltd, Aller Aqua A/S, Rangen Inc, Zeigler Bros Inc, BioMar Ltd, INVE Aquaculture, Growel Feeds Pvt. Ltd, Blue Aqua International Pte Ltd, Bern Aqua NV, ACI Godrej Agrovet Pvt, Guangdong Evergreen Feed Industry Co. Ltd., Thai Union Feedmill Public Company Limited.

Asia-Pacific was the largest region in the shrimp feed market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the shrimp feed market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the shrimp feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The shrimp feed market consists of sales of formulated feeds, pelleted feeds, extruded feeds, organic feeds, and natural feeds. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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