Shrimp Market Report 2026

The shrimp market size has grown strongly in recent years. It will grow from $64.2 billion in 2025 to $68.42 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to expansion of global seafood consumption, growth of aquaculture over wild catch, rising export demand from developed markets, improvements in shrimp processing techniques, availability of frozen seafood logistics.

The shrimp market size is expected to see strong growth in the next few years. It will grow to $88.1 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing demand for sustainably sourced seafood, rising investments in disease-resistant shrimp breeds, expansion of ready-to-eat seafood products, growing focus on aquaculture automation, increasing regulatory oversight on seafood quality. Major trends in the forecast period include growing adoption of sustainable shrimp farming practices, rising demand for value-added shrimp products, expansion of aquaculture production capacity, increased focus on traceability and quality assurance, enhanced cold-chain integration.

Rising health awareness is anticipated to drive the growth of the shrimp market in the coming years. This growing focus on health is driven by factors such as the increasing incidence of lifestyle-related conditions including obesity, diabetes, and cardiovascular diseases, which have heightened awareness of the need for healthier dietary choices. Shrimp is well suited for health-conscious consumers, as it is a low-calorie, high-protein food rich in essential nutrients such as omega-3 fatty acids and antioxidants that contribute to heart health and overall well-being. For instance, in September 2025, according to the U.S. National Center for Health Statistics, a U.S.-based public health agency, in 2023, 24.3% of adults reported eating seafood, including shrimp, at least twice per week. Therefore, increasing health consciousness is supporting the growth of the shrimp market.

Key companies operating in the shrimp market are emphasizing the development of innovative solutions, including advanced counting and grading technologies, to address the growing need for precision aquaculture, enhanced farming efficiency, and improved hatchery operations. The SC 4K shrimp counter is a highly accurate digital counting system designed to quickly and consistently count post-larvae and juvenile shrimp, delivering greater speed, lower labor requirements, and higher accuracy than conventional manual counting methods. For example, in August 2023, Sincere Aqua, a China-based aquaculture technology company, introduced the SC 4K shrimp counter, an automated solution developed to improve stocking precision, minimize handling stress, and enhance overall efficiency for hatcheries and shrimp farms. The SC 4K shrimp counter provides high-precision digital counting with rapid processing, reduced stress on shrimp, and automated accuracy that significantly exceeds manual techniques.

In July 2024, SyAqua, a Singapore-based provider of shrimp genetics, early nutrition, and hatchery services across major shrimp-producing regions, acquired Primo Broodstock USA for an undisclosed amount. Through this acquisition, SyAqua sought to reinforce its genetic resources and expand broodstock production capacity, ensuring strain security and enabling a greater supply of disease-resistant, high-quality shrimp broodstock to global farms. Primo Broodstock USA is a U.S.-based company specializing in disease-tolerant and Specific Pathogen Free (SPF) shrimp genetic lines and broodstock multiplication services.

Major companies operating in the shrimp market are Charoen Pokphand Foods PCL (CP Foods), Maruha Nichiro Corporation, Clearwater Seafoods LP, Nippon Suisan Kaisha (Nissui), Thai Union Group PCL, Pacific Seafood, High Liner Foods Inc., Royal Greenland A/S, Minh Phu Seafood Corporation, Avanti Feeds Ltd., Nekkanti Sea Foods Limited, Beaver Street Fisheries Inc., Surapon Foods Public Company Limited, Apex Frozen Foods Ltd., Devi Fisheries Ltd., Mazzetta Company LLC, Cooke Aquaculture Inc., Aqua Star, The Waterbase Limited, Grand Ocean Seafoods Co. Ltd., Seattle Shrimp & Seafood, Nordic Seafood A/S, SSF Limited, BMR Groups, Falcon Marine Exports, Ocean More Foods Co. Ltd.

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

The shrimp market consists of sales of frozen shrimp, raw shrimp, marinated shrimp, shrimp skewers, shrimp in sauces, and organic shrimp. 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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