Frozen Shrimp Market Report 2026

The frozen shrimp market size has grown strongly in recent years. It will grow from $25.57 billion in 2025 to $27.81 billion in 2026 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to expansion of aquaculture farming, rising global shrimp consumption, improved freezing and processing technologies, growth of international seafood trade, increased investment in shrimp processing facilities.

The frozen shrimp market size is expected to see strong growth in the next few years. It will grow to $38.83 billion in 2030 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to growing demand for certified sustainable shrimp, expansion of cold chain logistics, rising preference for convenience seafood products, increasing regulatory focus on food safety compliance, innovation in shrimp farming practices. Major trends in the forecast period include increasing adoption of individually quick frozen shrimp, rising demand for farmed shrimp varieties, growing emphasis on traceability and quality assurance, expansion of frozen shrimp product lines, enhanced focus on export-oriented processing.

The high demand for convenience foods is expected to propel the growth of the frozen shrimp market going forward. Convenience foods are ready-to-eat or easy-to-make meals that save cooking time and effort. The high demand for convenience foods is attributed to busy schedules and the need for fast, easy meal options, particularly among working individuals and families with limited time to cook. Frozen shrimp supports the convenience food segment by offering a versatile, time-saving, and consistently high-quality ingredient that extends shelf life and simplifies meal preparation. For instance, in April 2024, according to the National Association of Convenience Stores, a US-based association representing the convenience and fuel retailing industry, in 2023, foodservice sales, including prepared foods, commissary items, and dispensed beverages, accounted for 26.9% of in-store sales, up from 25.6% in 2022. Additionally, sales of prepared foods per store per month increased by 12.2% in 2023 compared to 2022. Therefore, the high demand for convenience foods is driving the frozen shrimp market.

Major companies operating in the frozen shrimp market are developing innovative products, such as frozen dumplings, to cater to the growing demand for convenient and high-quality seafood options that appeal to consumers seeking quick and easy meal solutions. Frozen dumplings are pre-made, often partially cooked products that are frozen to preserve freshness and extend shelf life. For instance, in May 2024, Sanquan Food Co. Ltd. and Synear, China-based frozen food manufacturers, introduced frozen shrimp dumplings marketed as nutritious options for children. These products target China’s expanding kids’ food market, which is experiencing rising demand for convenient, healthy, and appealing meal options.

In September 2025, Suempol Sp. z o.o., a Poland-based salmon and seafood processing company, acquired Van Biesen & Pieters for an undisclosed amount. Through this acquisition, Suempol aims to expand its frozen shrimp product portfolio, enhance shrimp preparation and distribution capabilities, and strengthen its position in the European seafood market. Van Biesen & Pieters is a Belgium-based shrimp-processing firm specializing in a variety of shrimp products, including wild-caught North Sea shrimp, and has established a strong reputation within the Belgian seafood industry.

Major companies operating in the frozen shrimp market are Thai Union Group PCL, Austevoll Seafood ASA, Pacific Seafood, High Liner Foods Inc., Royal Greenland A/S, Clearwater Seafoods, Devi Seafoods Ltd., Ocean Choice International, Omarsa S.A., Surapon Foods Plc., Apex Frozen Foods Limited, Aqua Star, Nordic Seafood A/S, Minh Phu Seafood Corporation, Blue Star Seafood Co. Ltd., SeaPak Shrimp Company, Grand Ocean Seafoods Co. Ltd., Charoen Pokphand Foods Public Co. Ltd., Zhanjiang Guolian Aquatic Products Co. Ltd., Avanti Feeds Limited, Nekkanti Sea Foods, Sandhya Aqua Export Pvt Ltd.

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

The frozen shrimp market consists of sales of raw frozen shrimp, cooked frozen shrimp, flavored or marinated shrimp, organic shrimp, blast freezers, vacuum-sealed bags, trays, boxes, cold storage facilities and warehouses, and containers. 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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