Asia Pacific Shrimp Market Size & Outlook, 2022-2030

L. vannamei was the largest segment with a revenue share of 45.22% in 2022. Horizon Databook has segmented the Asia Pacific shrimp market based on l. vannamei, trachipenaeus curvirostris, pleoticus muelleri, p. monodon, acetes japonicus, pandalus borealis, p. chinensis covering the revenue growth of each sub-segment from 2017 to 2030.

The Asia Pacific region is home to a significant portion of the world's population, providing a substantial consumer base for shrimp products. Shrimp is an integral part of the culinary traditions in many Asian countries. It is featured in a wide range of traditional dishes and is often associated with festive and celebratory occasions. Several Asian countries, such as India, Thailand, Indonesia, and Vietnam, are major shrimp producers.

They export shrimp products to international markets, contributing to economic growth and increasing the availability of shrimp domestically. Asia Pacific countries have made significant advancements in shrimp aquaculture technology and practices. This has led to increased production, improved quality, and cost-effective shrimp farming. In April 2023, Kemin Aqua Science, headquartered in U.S. introduced Pathorol to enhance farmed shrimp health across multiple Asian nations.

Pathorol, a shrimp dietary supplement is designed to enhance the health of the hepatopancreas, a vital organ in the digestive tract of crustaceans. The product is now available in India, Thailand, Vietnam, Indonesia, and Singapore. Healthier shrimp are likely to result in higher-quality shrimp products, which can command better prices in the market, boosting sales. Consumers often prefer healthy shrimp with better texture and taste.