The global frozen shrimp market is projected to rise from approximately USD 18,742.6 million in 2025 to USD 32,847.3 million by 2035 — an increase of about 75.3% over the next decade. The market is expected to expand at a CAGR of 5.8% from 2025 to 2035.
Key Figures
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Market value in 2025: ~USD 18,742.6 million
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Projected market value in 2035: ~USD 32,847.3 million
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CAGR (2025–2035): ~5.8%
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Leading application segment in 2025: Retail Distribution (~58.7% market share)
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Top product type in 2025: Peeled & Deveined shrimp (~46.3%)
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Primary distribution channel in 2025: Supermarkets & Hypermarkets (~41.9%)
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Major growth regions: Asia-Pacific, North America, Europe
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Key companies by market share: Thai Union Group, Charoen Pokphand Foods, Sea Value
Market Drivers
The expansion of the frozen shrimp market is supported by several dynamics:
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Rising consumer demand for convenient protein sources, especially in developed markets.
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Increased aquaculture capacity in major producing regions, strengthening raw material supply.
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Growth in foodservice and retail sectors, where frozen shrimp is widely used due to its convenience, ease of preparation, and superior shelf-life.
Advanced processing and preservation technologies — such as Individual Quick Freezing (IQF) and modern cold-chain systems — are also boosting demand for premium frozen shrimp products that maintain excellent texture and nutritional quality over long storage periods.
Technology and Quality Management
Major shrimp-producing regions are increasingly investing in technology upgrades: automated peeling plants, quality grading systems, rapid-freezing equipment, modern packaging lines, and traceability solutions. These innovations help reduce costs, increase productivity, and meet rising global requirements for food safety, certification, and traceability — critical factors in international export and retail.
Premiumization and Vertical Integration
The market is shifting from basic commodity shrimp toward value-added products designed for premium retail, restaurants, and foodservice. Requirements for size consistency, uniformity, packaging formats, and traceability are becoming stricter.
Large companies are moving toward vertical integration — from farming to processing and distribution — to ensure stable supply and strict quality control.
Regional Outlook
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Asia-Pacific: Continues to be the core production and export hub, with strong potential for aquaculture and processing expansion.
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North America & Europe: Major consumption markets demanding premium, convenient products with strict food safety compliance.
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Growing supermarket networks, restaurant chains, and meal-kit services are further driving import demand for frozen shrimp.
Challenges
Despite strong growth potential, the market faces several risks:
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Rising input costs (seed, feed, logistics, cold-chain operations).
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Increasing requirements for traceability, sustainability certifications, and food safety standards — barriers for many small producers.
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Competition from other protein sources and rapidly changing consumer preferences.
Outlook
The global frozen shrimp industry is entering a period of robust expansion, driven by growing demand for convenient foods, high-protein diets, aquaculture development, and modern processing technologies. With the market expected to grow by more than 1.5 times over the next decade, frozen shrimp remains a promising sector for producers, processors, and distributors.
However, to seize upcoming opportunities, stakeholders must continue investing in technology, supply-chain management, and quality standards — while ensuring sustainability and traceability to maintain long-term competitiveness.
