Shrimp Market Size to USD 159.4 Billion by 2036

NEWARK, Del., October 12, 2026. — The global Shrimp Market is estimated at USD 74.6 billion in 2026 and is projected to reach USD 159.4 billion by 2036, expanding at a CAGR of 7.9% from 2026 to 2036, according to Future Market Insights (FMI). The market was valued at USD 69.2 billion in 2025.

Market growth is being driven by increasing shrimp consumption across households, retail channels and foodservice establishments. Expanding aquaculture production and wider availability of farmed shrimp are supporting demand for frozen, peeled, cooked and portioned products. FMI identifies farmed whiteleg shrimp as a prominent species because of its consistent availability and suitability for large-scale seafood processing. However, disease risks, production costs and buyer requirements for standardized sizes and quality remain important factors influencing commercial supply.

👉 Get Detailed Market Forecasts, Competitive Benchmarking & Industry Trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-1838

Supply consistency and cold-chain reliability shape shrimp procurement

Seafood processors, retailers and foodservice operators increasingly require shrimp with consistent sizing, appearance, yield and documented food-safety standards. FMI notes that conventional shrimp continues to dominate the market because of its wider availability, while frozen formats help preserve product quality during transportation and storage.

Vietnam's shrimp production reached 801,200 tonnes during the first eight months of 2025, including 617,100 tonnes of whiteleg shrimp, with overall output increasing by 6.2%. Expanding production is providing raw material for frozen, peeled and cooked shrimp products. However, suppliers must maintain consistent grades and reliable cold-chain logistics to meet the requirements of international buyers.

Where growth is fastest

·         United Kingdom — 10.2% CAGR: Market growth is expected to benefit from import-driven seafood demand and increasing availability of warm-water prawns. Demand for peeled, cooked and portioned shrimp products is supporting retail and household consumption, while reliable cold-chain distribution remains essential.

·         Germany — 9.8% CAGR: Growth is expected to be supported by established seafood importers, wholesalers and distribution networks serving retail and foodservice buyers. Consistent product grades, origin documentation, food-safety compliance and competitive delivered costs will remain important purchasing considerations.

What leads the market

·         Farmed whiteleg shrimp — 43.4% share in 2026: Consistent farm production and broad suitability for processing support the leading position of whiteleg shrimp within the species segment.

·         Conventional shrimp — 87.2% share in 2026: Wider availability and fewer certification requirements compared with specialized sourcing categories support the dominance of conventional shrimp.

·         Frozen shrimp — 44.5% share in 2026: Frozen formats support longer storage, preserve product quality during transportation and facilitate distribution across international seafood supply chains.

The hurdle

Disease risks, production costs and supply-chain disruptions remain key restraints. Shrimp producers and processors must manage disease outbreaks, raw-material price fluctuations, changes in farm output and international trade requirements. Variations in shrimp size, appearance and processing yield can also affect the suitability of products for retail and foodservice applications.

Importers and distributors need dependable cold-chain infrastructure, traceability records and consistent food-safety documentation to maintain supply reliability. Suppliers that combine quality control with competitive pricing and stable sourcing arrangements can strengthen their position in international markets.

For full coverage of the Shrimp Market, including forecasts by species, source, form, region and country, visit the FMI report: https://www.futuremarketinsights.com/reports/shrimp-market

Key market developments and demand trends

The shrimp market is benefiting from broader changes in aquaculture production, seafood consumption and international distribution:

·         Expanding aquaculture production: Increasing farmed shrimp output is supporting raw-material availability for processors supplying frozen, peeled, cooked and other value-added products.

·         Growth in household seafood consumption: Wider availability of convenient shrimp formats is supporting consumption beyond traditional restaurant meals and expanding retail applications.

·         Demand for frozen products: Frozen shrimp offers storage and distribution advantages, helping suppliers serve international markets while maintaining product quality.

·         Import-led market expansion: Markets such as the United Kingdom and Germany depend on established seafood import channels to supply retail and foodservice buyers.

·         Traceability and quality assurance: Buyers are emphasizing documented origin, consistent sizing, food-safety compliance and dependable cold-chain handling when selecting suppliers.

Key market developments

·         Thai Union Group — August 2026: The company reported that frozen sales remained broadly stable at THB 10.0 billion in the second quarter of 2026, led by frozen shrimp. Its frozen gross profit margin improved to 13.5%, reflecting more favorable shrimp raw-material prices and cost discipline.

·         Roquette Frères — October 2025: The company updated its aquaculture positioning for wheat protein, highlighting digestibility and pellet-quality applications in aquafeed formulation. Such developments reflect the broader importance of feed efficiency and ingredient innovation in aquaculture production.

FMI identifies Thai Union Group and Charoen Pokphand Foods among notable companies in the shrimp market. Other businesses operating across the broader aquaculture nutrition and functional ingredient landscape include ADM, Kemin Industries, Lesaffre, Roquette Frères, AAK, AB Vista, Balchem and Fonterra.

Analyst perspective

“Frozen convenience formats will widen regular demand across households and foodservice buyers. Traceable supply will gain preference where disease and border risks remain high.”— Nandini Roy Choudhury, Principal Consultant, Future Market Insights.

What this means for shrimp producers, processors and seafood suppliers

·         Strengthen sourcing resilience. Diversified sourcing and improved disease management can help reduce supply disruptions and maintain consistent shrimp availability.

·         Maintain standardized product quality. Consistent sizing, appearance, processing yield and food-safety controls can help suppliers meet the requirements of international buyers.

·         Invest in cold-chain reliability. Effective freezing, storage and transportation systems can help preserve product quality and support longer-distance distribution.

·         Expand convenient shrimp formats. Peeled, cooked, portioned and frozen products can address the needs of households, retailers and foodservice operators seeking convenient preparation.

·         Improve traceability and documentation. Clear origin records, processing information and food-safety documentation can strengthen buyer confidence and support access to export markets.

·         Monitor raw-material and production costs. Disease risks, changing farm output and fluctuating shrimp prices make cost management and supply planning essential for long-term competitiveness.

Related Reports:

Oats Market https://www.futuremarketinsights.com/reports/oats-market

Spice Coated Casing Market https://www.futuremarketinsights.com/reports/spice-coated-casing-market

Cannabis Concentrate Market https://www.futuremarketinsights.com/reports/cannabis-concentrate-market

Yogurt Powder Market https://www.futuremarketinsights.com/reports/yogurt-powder-market

Cold Water Swelling Starch Market https://www.futuremarketinsights.com/reports/cold-water-swelling-starch-market

Alfalfa Protein Concentrate Market https://www.futuremarketinsights.com/reports/alfalfa-protein-concentrate-market

About Future Market Insights

Future Market Insights, Inc. (FMI) is an ESOMAR-certified market research and consulting firm headquartered in Delaware, USA, with offices in the United Kingdom, the United Arab Emirates and India. FMI delivers syndicated and custom research across food and beverage, healthcare, chemicals, technology, packaging, consumer goods and industrial sectors.

For Press & Corporate Inquiries

Rahul Singh
AVP – Marketing and Growth Strategy
Future Market Insights, Inc.
+91 8600020075

For Sales: sales@futuremarketinsights.com

For Media: Rahul.singh@futuremarketinsights.com

For Web: https://www.futuremarketinsights.com/