Asia Pacific Shrimp Market Size & Outlook, 2025-2033
Related Markets
Asia Pacific shrimp market highlights
- The Asia Pacific shrimp market generated a revenue of USD 39,094.3 million in 2024.
- The market is expected to grow at a CAGR of 5.6% from 2025 to 2033.
- In terms of segment, b2b was the largest revenue generating species in 2024.
- B2C is the most lucrative species segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2033.
Asia Pacific data book summary
| Market revenue in 2024 | USD 39,094.3 million |
| Market revenue in 2033 | USD 63,886.3 million |
| Growth rate | 5.6% (CAGR from 2025 to 2033) |
| Largest segment | B2b |
| Fastest growing segment | B2C |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | B2C, B2B |
| Key market players worldwide | Thai Union Group PCL ADR, Avanti Feeds, High Liner Foods, Surapon Foods, Clearwater Seafoods, Mazzetta Company, Aqua Star, Nordic Seafood, Waterbase, Ocean Direct |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 52.0% of the global shrimp market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- MEA is the fastest growing regional market and is projected to reach USD 2,603.6 million by 2033.
B2b was the largest segment with a revenue share of 58.99% in 2024. Horizon Databook has segmented the Asia Pacific shrimp market based on b2c, b2b covering the revenue growth of each sub-segment from 2021 to 2033.
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.
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Shrimp Market Scope
Shrimp Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ocean Direct | View profile | 11-50 | Gardena, California, United States, North America | https://oceandirect.com |
| Nordic Seafood | View profile | 51-100 | Hirtshals, Nordjylland, Denmark, Europe | https://www.nordicseafood.com |
| Aqua Star | View profile | 101-250 | Seattle, Washington, United States, North America | https://www.aquastar.com/ |
| Mazzetta Company | View profile | 11-50 | Highland Park, Illinois, United States, North America | https://www.mazzetta.com |
| Clearwater Seafoods | View profile | 1001-5000 | Bedford, Quebec, Canada, North America | http://www.clearwater.ca/ |
| Surapon Foods | View profile | 1001-5000 | Samut Prakan, Samut Prakan, Thailand, Asia | http://www.surapon.com |
| High Liner Foods | View profile | 1001-5000 | Lunenburg, Nova Scotia, Canada, North America | http://www.highlinerfoods.com |
| Waterbase | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | http://www.waterbaseindia.com/ |
| Avanti Feeds | View profile | 51-100 | Visakhapatnam, Andhra Pradesh, India, Asia | http://www.avantifeeds.com/ |
| Thai Union Group PCL ADR | View profile | 10116 | 72/1 Moo 7, Sethakit 1 Road, Tarsrai Sub-district, Amphur Muang, Samutsakorn, Samut sakhon, Thailand, 74000 | https://www.thaiunion.com |
Asia Pacific shrimp market size, by country, 2021-2033 (US$M)
Asia Pacific Shrimp Market Outlook Share, 2024 & 2033 (US$M)
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