Home > > > Shrimp Market to Reach USD 159.4 Billion by 2036, UK – CAGR 10.2%, Germany – CAGR 9.8%, USA –

Shrimp Market to Reach USD 159.4 Billion by 2036, UK – CAGR 10.2%, Germany – CAGR 9.8%, USA –

Author : satyam harishchan | Published On : 09 Oct 2026

Growing demand for convenient seafood formats and reliable farmed supply is supporting shrimp market expansion, while disease risks and import requirements continue to shape sourcing decisions, according to Future Market Insights.

 

The global shrimp market is projected to increase from USD 74.6 billion in 2026 to USD 159.4 billion by 2036, registering a compound annual growth rate (CAGR) of 7.9%, according to Future Market Insights (FMI). The market is expected to create an incremental opportunity of approximately USD 84.8 billion over the forecast period.

 

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Demand is being supported by the wider use of shrimp in household consumption, retail products, restaurants and foodservice applications. Farmed production also gives processors more predictable access to common sizes for frozen, peeled and cooked products. However, disease outbreaks, production costs and trade compliance requirements continue to influence the volume of shrimp that suppliers can deliver commercially.

 

Manufacturing Supply and Seafood Trade Shape Demand

Reliable farm output and established cold-chain networks are supporting international shrimp distribution. According to the Vietnam Association of Seafood Exporters and Producers, Vietnam produced 801,200 tonnes of shrimp during the first eight months of 2025, including 617,100 tonnes of whiteleg shrimp.

 

The Food and Agriculture Organization of the United Nations reported in August 2025 that global farmed shrimp production was projected to approach 6.0 million tonnes, with whiteleg shrimp dominating intensive pond production systems. This production base supports processors supplying several product formats, although consistent size, quality and yield remain important purchasing requirements.

 

Disease and trade restrictions present a continuing challenge. The U.S. Food and Drug Administration documented import refusals involving veterinary drug residues and sanitary violations in seafood products in 2026. Suppliers must therefore manage product testing, documentation and shipment eligibility alongside production costs.

 

Where Growth Is Fastest

FMI projects the following country-level growth rates for 2026–2036:

  • United Kingdom — 10.2% CAGR: Demand for convenient peeled and cooked shrimp formats supports opportunities across supermarket and foodservice channels.
  • Germany — 9.8% CAGR: Importers and wholesalers connect international suppliers with retail and foodservice buyers, making consistent specifications and traceability important.
  • United States — 9.3% CAGR: Extensive retail, foodservice and frozen-seafood distribution channels support demand, while import duties and origin documentation affect purchasing decisions.
  • South Korea — 8.8% CAGR: Rising import requirements create opportunities for exporters able to maintain reliable delivery, grade consistency and compliant documentation.
  • Australia — 8.2% CAGR: Market growth depends partly on suppliers meeting applicable biosecurity and pre-export testing requirements.
  • Japan — 7.8% CAGR: Import dependence and price sensitivity make procurement costs, processing yield and product consistency important.
  • Vietnam — 6.3% CAGR: Export-oriented farming and processing support demand, although disease management and farm economics influence competitiveness.

 

What Leads the Market

FMI identifies four leading segments by their projected shares in 2026:

  • Farmed whiteleg shrimp — 43.4%: Planned harvest cycles help processors secure common sizes and prepare export shipments.
  • Conventional shrimp — 87.2%: Broad availability across farms, processors and origins supports regular volume purchasing.
  • Frozen shrimp — 44.5%: Longer shelf life and compatibility with cold-chain transportation support international distribution and subsequent processing.
  • Indirect sales channels — 40.4%: Importers and wholesalers aggregate shrimp from different origins and supply buyers through established distribution networks.

 

These percentages represent separate market categories and should not be added together.

 

The Hurdle: Disease, Compliance and Cost

Biological risks and trade requirements can reduce saleable supply or prevent shipments from entering destination markets. Disease affects farm survival, while testing, certification and border documentation add costs for producers and exporters.

 

Frozen distribution also requires temperature-controlled storage and transportation, which can reduce margins. Suppliers must balance production economics with consistent product specifications, acceptable quality and delivery requirements.

 

Traceability offers an opportunity to improve buyer confidence. The Global Seafood Alliance updated its Best Aquaculture Practices in August 2025, emphasizing traceability across shrimp production and processing supply chains. Better farm, feed and processing records can help buyers assess suppliers and qualify shipments for commercial programs.

 

Recent Developments and Industry Participants

Three developments illustrate activity across aquaculture inputs and shrimp supply chains:

  • June 2026: ADM reported that Bern Aqua's Olen feed mill became Belgium's first Best Aquaculture Practices-certified producer, supplying hatchery and nursery feeds for fish and shrimp.
  • November 2025: Kemin AquaScience joined the Sustainable Shrimp Partnership, connecting the company with industry efforts focused on responsible shrimp production.
  • October 2025: Roquette Frères updated its aquaculture positioning for wheat protein, highlighting applications involving shrimp digestibility and aquafeed pellet quality.

 

FMI profiles ADM, Kemin Industries, Lesaffre, Roquette Frères, AAK, AB Vista, Balchem and Fonterra as notable companies involved in shrimp nutrition and production support.

 

Analyst Perspective

“Frozen convenience formats will widen regular demand across households and foodservice buyers. Traceable supply will gain preference where disease and border risks remain high.”— Nandini Roy Choudhury, Principal Consultant, Future Market Insights.

 

What This Means for Seafood Buyers

1. Evaluate suppliers on consistency, not price alone. Compare product grades, processing yields, delivery reliability and documentation before committing to large-volume purchases.

2. Build compliance into sourcing decisions. Review destination-market testing, traceability and import requirements before selecting suppliers or shipping routes.

3. Match product formats to customer demand. Assess opportunities for frozen, peeled, cooked and portioned shrimp across retail and foodservice channels while accounting for cold-chain costs.

 

For detailed market forecasts, segment shares, country-level growth rates and competitive analysis, read FMI's Shrimp Market Report. https://www.futuremarketinsights.com/reports/shrimp-market

 

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About Future Market Insights (FMI)


Future Market Insights, Inc. (FMI) is an ESOMAR-certified, ISO 9001:2015 market research and consulting organization, trusted by Fortune 500 clients and global enterprises. With operations in the U.S., UK, India, and Dubai, FMI provides data-backed insights and strategic intelligence across 30+ industries and 1200 markets worldwide.

 

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