Brazil Shrimp Market Size & Outlook, 2025-2033
Related Markets
Brazil shrimp market highlights
- The Brazil shrimp market generated a revenue of USD 1,539.1 million in 2024 and is expected to reach USD 2,129.8 million by 2033.
- The Brazil market is expected to grow at a CAGR of 3.7% 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.
Shrimp market data book summary
| Market revenue in 2024 | USD 1,539.1 million |
| Market revenue in 2033 | USD 2,129.8 million |
| Growth rate | 3.7% (CAGR from 2025 to 2033) |
| Largest segment | B2b |
| Fastest growing segment | B2C |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Brazil accounted for 2.0% of the global shrimp market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Latin America, Brazil shrimp market is projected to lead the regional market in terms of revenue in 2033.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,129.8 million by 2033.
B2b was the largest segment with a revenue share of 57.38% in 2024. Horizon Databook has segmented the Brazil shrimp market based on b2c, b2b covering the revenue growth of each sub-segment from 2021 to 2033.
Globally, there is a rising demand for seafood, including shrimp, tuna, salmon, and catfish, due to its health benefits and changing dietary preferences. Brazil's shrimp production helps meet this increasing demand both domestically and internationally. Brazil has a 7,491 km coastline, favorable climate conditions, and abundant natural resources that have positioned it as a significant player in the global shrimp market.
Fisheries and aquaculture play a significant role in boosting the shrimp market in Brazil. According to the Food and Agriculture Organization of the United Nations, in Brazil, 3.5 million people are estimated to be working directly or indirectly in the fisheries and aquaculture sectors. In 2019, total capture fisheries production was 710,333 tons. In 2019, 14% of the mari culture was dominated by white-leg shrimp.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
Brazil shrimp market size, by species, 2021-2033 (US$M)
Brazil Shrimp Market Outlook Share, 2024 & 2033 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
