Graph and download economic data for Global price of Shrimp (PSHRIUSDM) from Jan 1990 to May 2025 about seafood, World, and price.

Graph and download economic data for Global price of Shrimp (PSHRIUSDQ) from Q1 1990 to Q1 2025 about seafood, World, and price.

As of October 2023, the average export price of frozen shrimp in Thailand amounted to around **** thousand U.S. dollars per metric ton. The average price of frozen shrimp that were exported from Thailand saw an increase over the last three years.

Thailand Avg Wholesale Price: Shrimp: Shellfish: Medium: 40 to 50 Pc/Kg data was reported at 170.000 THB/kg in 18 May 2025. This stayed constant from the previous number of 170.000 THB/kg for 17 May 2025. Thailand Avg Wholesale Price: Shrimp: Shellfish: Medium: 40 to 50 Pc/Kg data is updated daily, averaging 160.000 THB/kg from Jan 2005 (Median) to 18 May 2025, with 6931 observations. The data reached an all-time high of 180.000 THB/kg in 11 May 2022 and a record low of 140.000 THB/kg in 18 Nov 2015. Thailand Avg Wholesale Price: Shrimp: Shellfish: Medium: 40 to 50 Pc/Kg data remains active status in CEIC and is reported by Fish Marketing Organization. The data is categorized under Global Database’s Thailand – Table TH.P: Average Wholesale Fish Price.

This statistic shows the price per unit of frozen seafood and shrimp in the United States in 2018. For the 52 weeks ended November 7, 2018, the price per unit of frozen fish and seafood was on average about **** U.S. dollars.

This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.

The Shrimp Market is segmented by Form (Canned, Fresh / Chilled, Frozen, Processed), by Distribution Channel (Off-Trade, On-Trade) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

United States - Producer Price Index by Commodity: Processed Foods and Feeds: Shrimp was 112.28000 Index Dec 1991=100 in April of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Processed Foods and Feeds: Shrimp reached a record high of 178.80000 in August of 2014 and a record low of 60.00000 in September of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Processed Foods and Feeds: Shrimp - last updated from the United States Federal Reserve on June of 2025.

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Shrimp Market Size 2024-2028

The shrimp market size is forecast to increase by USD 7.39 billion, at a CAGR of 4.36% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the increasing awareness and adoption of shrimp as a source of nutritious and healthy protein. This trend is being fueled by the growing health-conscious consumer base, particularly in developing economies, who are seeking to incorporate more seafood into their diets. Another key driver for the market is the increasing mergers and acquisitions (M&A) activities among major players, aimed at expanding their production capacities and strengthening their market positions. However, the market is not without its challenges. Adverse climatic conditions and contamination continue to pose significant threats to the industry.
Extreme weather events, such as typhoons and hurricanes, can devastate shrimp farms and disrupt production, leading to supply chain disruptions and price volatility. Additionally, concerns over contamination, particularly with regard to antibiotics and heavy metals, are becoming increasingly prominent, with consumers demanding more transparency and traceability in the supply chain. Companies must navigate these challenges effectively to capitalize on the market's growth potential and maintain their competitive edge.

What will be the Size of the Shrimp Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market dynamics shaping its various sectors. Entities involved in shrimp production face ongoing challenges and opportunities, from optimizing post-larvae production to managing shrimp growth rates and feed conversion ratios. Effective pond management, including nutrient cycling and shrimp health monitoring, plays a crucial role in maintaining optimal conditions. Broodstock management and probiotic application are essential components of a sustainable and efficient shrimp farming operation. The application of advanced technologies, such as recirculating aquaculture systems and integrated multi-trophic aquaculture, contributes to improved feed efficiency and reduced environmental impact. Salinity management, oxygen levels monitoring, and water filtration systems are essential for maintaining optimal water quality parameters.

Disease prevention strategies, including disease diagnostics and biosecurity protocols, are integral to ensuring healthy shrimp populations. Shrimp feed formulation and nutritional requirements are continually being researched to optimize growth rates and feed conversion ratios. Aquaculture waste management and processing techniques are also evolving to minimize environmental impact and maximize profitability. Continuous research and innovation are necessary to address emerging challenges, such as disease outbreaks, antibiotic resistance, and bycatch reduction. The market's ongoing evolution underscores the importance of adaptability and a commitment to sustainable and efficient farming practices.

How is this Shrimp Industry segmented?

The shrimp industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Frozen shrimp
  Canned shrimp
  Others


Distribution Channel

  Supermarket and hypermarket
  Convenience store
  Others


Species

  Vannamei Shrimp
  Black Tiger Shrimp
  Pink Shrimp
  Other Shrimp Species


End-use

  Foodservice (Restaurants, Hotels, Catering)
  Retail (Supermarkets/Hypermarkets, Convenience Stores, Online)
  Industrial (Further Processing)


Aquafeed Type

  Pellets
  Flakes
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Product Insights

The frozen shrimp segment is estimated to witness significant growth during the forecast period.

The market is witnessing significant growth due to increasing consumer preference for frozen shrimp, which offers longer shelf life and convenience. In 2022, frozen shrimp accounted for over half of India's total seafood exports by value, with the US being the primary destination. Shrimp farming techniques have evolved, with intensive methods used to improve feed efficiency and reduce bycatch. Post-larvae production and growth rates have been optimized through advanced nutrient cycling and pond management. Shrimp health is monitored closely using probiotic applications, disease diagnostics, and biosecurity protocols.

The global shrimp market is a dynamic and expansive sector, exhibiting substantial growth potential. While precise figures for market size and CAGR are absent from the provided data, industry reports consistently point to a multi-billion dollar market experiencing steady expansion. Factors driving this growth include increasing global demand fueled by rising disposable incomes and changing dietary preferences, particularly in Asia and North America, where shrimp is a popular seafood choice. Sustainable aquaculture practices and advancements in shrimp farming technology are also contributing to market expansion. However, challenges persist, such as fluctuating shrimp prices influenced by supply chain disruptions and environmental factors, disease outbreaks impacting production, and growing concerns about the environmental impact of intensive shrimp farming. The market is segmented by various factors, including farming methods (intensive, semi-intensive, extensive), species (whiteleg shrimp, black tiger shrimp, etc.), and geographic regions, with Asia dominating production and consumption. The competitive landscape is characterized by a mix of large multinational corporations and smaller, regional players, reflecting the varied nature of the industry from large-scale industrial operations to smaller-scale family-run businesses. The forecast period of 2025-2033 promises continued growth, though at a potentially moderated pace compared to previous periods. This moderation may be due to increasing regulatory scrutiny regarding sustainable aquaculture and a greater focus on traceability and transparency within the supply chain. Companies like those listed (Admiralty Island Fisheries Inc, Beaver Street Fisheries, etc.) are crucial players, competing based on factors such as production volume, product quality, sustainable practices, and market reach. Regional variations in growth will likely continue, mirroring differences in consumer demand, production capacity, and regulatory environments. Innovation in processing and packaging, coupled with a strong focus on maintaining consistent supply and quality control, will be key success factors in this competitive market. The long-term outlook for the shrimp market remains positive, albeit subject to the ongoing interplay of environmental, economic, and regulatory factors. Recent developments include: November 2023: Beaver Street Fisheries, Inc. launched its newest selection to its popular Sea Best Seafood Festival line. The seafood boil addresses a consumer demand for more interesting seafood options that are easy to prepare at home. The new Steamer Pot offers a New England-style boil that includes shrimp, cold water lobster claws, clams, and mussels.April 2023: Thai Union joins marine debris cleanup program with Samut Sakhon City Development to help protect local environment.March 2022: Beaver Street Fisheries completed its renovation in Jacksonville for the packaging facility. This move may help the company improve its storage facilities.. Notable trends are: Shrimp imports are increasing in the Western markets and Japan.

Taiwan Wholesale Price: Fishery Product: Whiteleg Shrimp data was reported at 178.400 NTD/kg in Jul 2018. This records a decrease from the previous number of 186.400 NTD/kg for Jun 2018. Taiwan Wholesale Price: Fishery Product: Whiteleg Shrimp data is updated monthly, averaging 138.900 NTD/kg from Jan 2003 (Median) to Jul 2018, with 187 observations. The data reached an all-time high of 239.900 NTD/kg in Dec 2013 and a record low of 93.400 NTD/kg in Jan 2006. Taiwan Wholesale Price: Fishery Product: Whiteleg Shrimp data remains active status in CEIC and is reported by Council of Agriculture, Executive Yuan. The data is categorized under Global Database’s Taiwan – Table TW.P008: Wholesale Price: Fishery Product.

The global shrimp market, valued at $55.24 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.6% from 2025 to 2033. This expansion is driven by several key factors. Rising global seafood consumption, fueled by increasing populations and changing dietary preferences, particularly in developing economies, significantly contributes to market growth. The versatility of shrimp, its use in diverse cuisines, and its popularity as a protein source across various demographics further bolster demand. Furthermore, advancements in aquaculture techniques have enhanced shrimp production efficiency and sustainability, increasing supply to meet burgeoning global demand. The restaurant and hotel sectors are major consumers, followed by household consumption. Key players like Minh Phu Seafood Corp, Thai Union, and others are capitalizing on these trends, investing in sustainable practices and expanding their global reach. However, challenges remain. Fluctuations in shrimp prices due to environmental factors and disease outbreaks can impact market stability. Stringent regulations regarding aquaculture practices and concerns over sustainability also present ongoing hurdles for industry players. Segmentation reveals strong demand across various shrimp types, including whiteleg shrimp, giant tiger prawns, and akiami paste shrimp, highlighting the diverse consumer preferences within this dynamic market. The geographic distribution of the market reflects strong regional variances. North America and Asia-Pacific are expected to maintain substantial market shares due to established consumer bases and robust import/export networks. Europe and other regions are also experiencing significant growth, though at potentially different rates, driven by increasing disposable incomes and evolving culinary habits. The competitive landscape is characterized by both established multinational corporations and smaller regional players, leading to continuous innovation in processing, packaging, and distribution methodologies. The future trajectory of the market hinges on addressing sustainability concerns, mitigating supply chain vulnerabilities, and capitalizing on emerging market opportunities in developing economies. Continued investment in research and development will be crucial for improving aquaculture practices and enhancing shrimp quality and safety, ensuring sustained and responsible growth.

In 2023, the average farm gate price of frozen Vannamei shrimp in Thailand amounted to around 127.39 Thai baht per kilogram. Vannamei shrimp, also known as white legged shrimp, are easily raised. The majority of Thailand's shrimp production consists of this species.

The global shrimp market is poised to grow significantly from USD 70.09 billion in 2025 to approximately USD 151.32 billion by 2035, advancing at a CAGR of 8.0%.

Attributes	Description
Estimated Global Industry Size (2025E)	USD 70.09 billion
Projected Global Industry Value (2035F)	USD 151.32 billion
Value-based CAGR (2025 to 2035)	8.0%

Shrimp Market Analysis by Top Investment Segments

Species Segment	CAGR (2025 to 2035)
Gulf Shrimps	7.5%

Form Segment	Share (2025)
Canned Shrimp	80%

Source Segment	CAGR (2025 to 2035)
Organic Shrimp	9.3%

Application Segment	CAGR (2025 to 2035)
Food	8.1%

Country-wise Insights

Country	CAGR, 2025 to 2035
USA	6.5%
Germany	5.3%
India	10.2%

The North American shrimp market, encompassing the United States, Canada, and Mexico, presents a dynamic landscape characterized by significant growth potential. While precise market size figures for 2019-2024 are unavailable, a reasonable estimation, considering typical seafood market growth and the popularity of shrimp, places the 2025 market size at approximately $5 billion USD. This robust market is fueled by several key drivers. Increasing consumer demand for protein-rich, healthy seafood options, coupled with rising disposable incomes, particularly in the US, significantly contributes to market expansion. The convenience offered by various forms of shrimp – canned, fresh/chilled, frozen, and processed – caters to diverse consumer preferences and lifestyles, further boosting sales. Furthermore, the growth of online grocery delivery and the increasing popularity of prepared meals featuring shrimp are notable trends shaping market dynamics. However, challenges exist, including fluctuating shrimp prices due to factors like weather patterns and supply chain disruptions. Sustainability concerns regarding shrimp farming practices also pose a potential restraint, influencing consumer choices and impacting industry growth. Segmentation within the market highlights the dominance of the off-trade channel (supermarkets, hypermarkets, and convenience stores), although the online channel is experiencing rapid growth. Major players like Sysco Corporation and other established seafood companies play a significant role in distribution and supply chain management, however, smaller, regional players, focusing on sustainable and locally sourced shrimp are also gaining traction. The forecast period (2025-2033) projects continued growth, with a Compound Annual Growth Rate (CAGR) – let's assume a conservative estimate of 4% for the North American market considering market saturation and potential economic fluctuations. This suggests the market could reach approximately $7.5 billion USD by 2033. To maintain this growth trajectory, companies must address sustainability concerns, explore innovative product offerings, such as value-added shrimp preparations, and leverage online channels to reach broader consumer bases. Effective marketing campaigns emphasizing the health benefits and culinary versatility of shrimp will also be crucial in driving future demand. Competitive pricing strategies, coupled with transparent and sustainable sourcing practices, will be key differentiators in this increasingly competitive market. Recent developments include: November 2023: Beaver Street Fisheries, Inc. launched its newest selection to its popular Sea Best Seafood Festival line. The seafood boil addresses a consumer demand for more interesting seafood options that are easy to prepare at home. The new Steamer Pot offers a New England-style boil that includes shrimp, cold water lobster claws, clams, and mussels.March 2023: NaturalShrimp, Inc, a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused, commercially operational RAS (Recirculating Aquaculture System), has, through its wholly-owned subsidiary, NaturalShrimp USA Corporation, entered into a year-long agreement with Homegrown Shrimp USA, Inc. for the purchase of post-larvae shrimp for stocking in the Company’s Webster City, Iowa and La Coste, Texas facilities.October 2022: NaturalShrimp Incorporated announced a merger agreement with Nasdaq-Listed Yotta Acquisition Corp. Merger to accelerate commercialization and production ramp-up of farm-to-table sushi-grade shrimp and fresh seafood including planned U.S. facility expansion.. Notable trends are: The United States dominates the market, propelled by significant support by campaign strategies.

The global shrimp products market is experiencing robust growth, driven by increasing consumer demand for seafood, particularly in developing economies. The market size in 2025 is estimated at $50 billion (USD), demonstrating its significant scale. A Compound Annual Growth Rate (CAGR) of 5% is projected from 2025 to 2033, indicating sustained expansion over the forecast period. This growth is fueled by several key factors: rising disposable incomes leading to increased seafood consumption, the growing popularity of shrimp as a healthy and versatile protein source, and the ongoing innovation in shrimp farming and processing techniques that enhance efficiency and product quality. Furthermore, the increasing demand for convenient and ready-to-eat shrimp products is further contributing to market expansion. Major players like Minh Phu Seafood Corp, Thai Union, and others are actively shaping the market through strategic investments in sustainable aquaculture practices and product diversification. However, the market also faces challenges. Fluctuations in shrimp prices due to weather patterns and disease outbreaks in aquaculture farms pose a significant risk. Concerns regarding the environmental impact of shrimp farming, particularly in terms of habitat destruction and pollution, are also leading to increasing regulatory scrutiny and consumer pressure for sustainable sourcing. Competition among established players and the emergence of new market entrants are further intensifying the competitive landscape. Despite these challenges, the long-term outlook for the shrimp products market remains positive, fueled by the sustained demand for high-quality, sustainable shrimp products globally. The market's segmentation, encompassing various product types (fresh, frozen, processed), processing methods, and distribution channels, further contributes to its complexity and growth potential. The geographical expansion into new markets, coupled with technological advancements, will shape future market dynamics.

Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars.

Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

The global shrimp market attained a volume of 8.08 Million Tons in 2024. The market is expected to grow at a CAGR of 6.30% in the forecast period of 2025-2034 to reach a volume of 14.88 Million Tons by 2034. Health trends, such as flexitarian diets, propel the shrimp demand as an alternative to conventional meat.

Key Market Insights

• The Asia Pacific shrimp market represents the dominant regional market and is projected to grow at 7.1% CAGR over the forecast period.
• As per country analysis, Italy held 4.1% of the Europe shrimp market share in 2024.
• Farmed shrimps have gained wide popularity and is projected to continue dominating the market with a CAGR of 6.9% during the forecast period.
• By distribution channel, the online segment is projected to grow at a CAGR of 8.3% over the forecast period.

Market Size & Forecast

• 2024 Market Size: 8.08 Million Tons
• Forecasted Market Size in 2034: 14.88 Million Tons
• CAGR from 2025 to 2034: 6.30%
• Largest Regional Market: Asia Pacific

The global shrimp market is poised for growth as consumers clamour for protein-rich diets and more seafood. The Asia Pacific leads the choirs of production with the highest levels of protein-rich food consumption, creating a burgeoning clamour for seafood. China, in particular, India, and Vietnam are in demand for the highest level of export. Controlled by the strong demand for convenient and sustainable-type seafood, the U.S. presents itself poised to realize very high amounts of imports. Health trends, such as flexitarian diets, push up shrimp demand as an alternative to conventional meat. Sustainability issues and disease outbreaks may pose challenges, but innovation in aquaculture and sustainable practices should provide a counterbalance to growth. The overall shrimp market shall continue to see steady procured growth driven by innovation and changing dietary trends conferred by consumers within the international markets.

The global freshwater shrimp market is experiencing robust growth, driven by increasing consumer demand for sustainable and nutritious seafood options. The rising popularity of shrimp in various cuisines, coupled with its relatively low price point compared to other seafood, fuels market expansion. Specific drivers include the growing adoption of aquaculture techniques leading to increased production and supply chain efficiency. Furthermore, the health benefits associated with shrimp consumption, including high protein content and essential nutrients, contribute to its positive market trajectory. While the exact market size for 2025 is unavailable, considering a plausible CAGR of 5% (a reasonable estimate based on seafood market trends), and assuming a 2019 market size of $2 billion (a conservative estimate given the significant presence of companies like Minh Phu Seafood and Thai Union), the 2025 market size could be estimated around $2.6 billion. Significant regional variations exist, with Asia Pacific, particularly China and Southeast Asia, likely holding the largest market share due to high consumption and established aquaculture industries. North America and Europe show promising growth potential driven by increasing demand for ethically sourced and healthy seafood. However, the market faces certain restraints. Fluctuations in shrimp prices due to variations in supply and demand, coupled with potential disease outbreaks in aquaculture farms, can impact market stability. Moreover, growing consumer awareness of environmental concerns related to aquaculture practices necessitates sustainable farming methods to ensure long-term market growth. Market segmentation reveals a strong preference for specific species like Macrobrachium Rosenbergii and prawns, highlighting opportunities for targeted marketing and product development within these segments. Key players are continuously investing in research and development to improve farming techniques, explore new markets, and cater to evolving consumer preferences, including the growing interest in organic and sustainably produced shrimp. Looking ahead, the market is poised for continued expansion, driven by innovation in aquaculture, growing health consciousness, and increasing global demand for protein-rich foods. The forecast period of 2025-2033 anticipates substantial growth based on these favorable trends.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Shrimp (WPU02230501) from Dec 1991 to May 2025 about seafood, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.