Canada Shrimp Market Size & Outlook, 2025-2033
Related Markets
Canada shrimp market highlights
- The Canada shrimp market generated a revenue of USD 991.3 million in 2024 and is expected to reach USD 1,749.1 million by 2033.
- The Canada market is expected to grow at a CAGR of 6.5% 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 991.3 million |
| Market revenue in 2033 | USD 1,749.1 million |
| Growth rate | 6.5% (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, Canada accounted for 1.3% of the global shrimp market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. shrimp market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,749.1 million by 2033.
B2b was the largest segment with a revenue share of 59.57% in 2024. Horizon Databook has segmented the Canada shrimp market based on b2c, b2b covering the revenue growth of each sub-segment from 2021 to 2033.
Canada's multicultural population means a variety of cuisines are popular. Shrimp is a versatile ingredient that can be incorporated into various dishes, appealing to a broad range of tastes. Value added shrimp products, like pre-peeled or pre-cooked options, appeal to consumers seeking convenient meal solutions. Locally-produced shrimp can often reach the market more quickly than imported shrimp, ensuring a higher level of freshness and quality.
In May 2019, a shrimp farm was established in Alberta in the vicinity of Strathmore. The presence of a shrimp farm in Alberta adds geographic diversity to the Canadian shrimp market. Different regions may produce distinct shrimp varieties, providing consumers with a wider range of choices and flavors.
With the establishment of a local shrimp farm, Canada gains a new source of domestically-produced shrimp. This contributes to the overall supply of shrimp in the country, potentially reducing the need for imports and ensuring a steady availability of shrimp for Canadian consumers.
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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 |
Canada shrimp market size, by species, 2021-2033 (US$M)
Canada Shrimp Market Outlook Share, 2024 & 2033 (US$M)
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