The global market for Shrimp Feed was estimated at US$6.9 Billion in 2024 and is projected to reach US$8.3 Billion by 2030, growing at a CAGR of 3.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Shrimp Feed market.
As the shrimp aquaculture industry evolves, there is a growing focus on improving the efficiency and sustainability of shrimp feed. Innovations in feed composition include the reduction of fish meal as a primary protein source, replacing it with more sustainable alternatives like plant-based proteins, algae, and insect meal. These changes are driven by ecological concerns and the need to reduce dependency on wild fish stocks, which are often overexploited to produce fish meal. Additionally, the integration of probiotics and prebiotics into shrimp feed formulations has become more commonplace, aiming to enhance gut health and immunity, thereby reducing the need for antibiotics in shrimp farming - a practice that aligns with global trends towards more natural food production methods.
The growth in the shrimp feed market is driven by several factors, including technological advancements in feed manufacturing processes that improve the digestibility and nutrient absorption of the feed. These advancements help to reduce the amount of feed required and decrease production costs, making shrimp farming more profitable and sustainable. Another significant driver is the expanding global market for seafood, which pressures the industry to increase production efficiency and sustainability. Consumer behavior also influences market growth; there is increasing demand for sustainably farmed shrimp, which compels feed producers to innovate and develop products that contribute to environmentally friendly farming practices. Regulatory changes and environmental policies further support the development of advanced feed solutions that minimize the environmental impact of shrimp farming. The interplay of these factors ensures ongoing innovation and growth in the shrimp feed industry, catering to both economic and environmental needs.
Global Shrimp Feed Market - Key Trends and Drivers Summarized
Shrimp feed is a specialized type of aquaculture feed designed to meet the nutritional needs of farmed shrimp, which has become increasingly important as global demand for shrimp continues to rise. This feed is formulated to promote healthy growth, maximize feed conversion ratios, and reduce the environmental impact of shrimp farming. Key ingredients typically include high-quality sources of protein, such as fish meal and soybean meal, along with essential vitamins, minerals, and amino acids that ensure optimal shrimp health and growth. The quality of the feed not only influences the growth rate and health of the shrimp but also affects the overall sustainability of the farming operation by minimizing waste and preventing water pollution.As the shrimp aquaculture industry evolves, there is a growing focus on improving the efficiency and sustainability of shrimp feed. Innovations in feed composition include the reduction of fish meal as a primary protein source, replacing it with more sustainable alternatives like plant-based proteins, algae, and insect meal. These changes are driven by ecological concerns and the need to reduce dependency on wild fish stocks, which are often overexploited to produce fish meal. Additionally, the integration of probiotics and prebiotics into shrimp feed formulations has become more commonplace, aiming to enhance gut health and immunity, thereby reducing the need for antibiotics in shrimp farming - a practice that aligns with global trends towards more natural food production methods.
The growth in the shrimp feed market is driven by several factors, including technological advancements in feed manufacturing processes that improve the digestibility and nutrient absorption of the feed. These advancements help to reduce the amount of feed required and decrease production costs, making shrimp farming more profitable and sustainable. Another significant driver is the expanding global market for seafood, which pressures the industry to increase production efficiency and sustainability. Consumer behavior also influences market growth; there is increasing demand for sustainably farmed shrimp, which compels feed producers to innovate and develop products that contribute to environmentally friendly farming practices. Regulatory changes and environmental policies further support the development of advanced feed solutions that minimize the environmental impact of shrimp farming. The interplay of these factors ensures ongoing innovation and growth in the shrimp feed industry, catering to both economic and environmental needs.
SCOPE OF STUDY:
The report analyzes the Shrimp Feed market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Type (Grower Grade Feed, Finisher Grade Feed, Starter Grade Feed); Ingredients (Soybean Meal-Based Feed, Fish Meal-Based Feed, Wheat Flour-Based Feed, Other Ingredients)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Grower Grade Feed segment, which is expected to reach US$3.6 Billion by 2030 with a CAGR of a 2.7%. The Finisher Grade Feed segment is also set to grow at 3.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $1.9 Billion in 2024, and China, forecasted to grow at an impressive 6.0% CAGR to reach $1.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Shrimp Feed Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Shrimp Feed Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Shrimp Feed Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Aller Aqua Group, Avanti Feeds Limited, Bern Aqua NV, BioMar Group, BMR group and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 25 companies featured in this Shrimp Feed market report include:
- Aller Aqua Group
- Avanti Feeds Limited
- Bern Aqua NV
- BioMar Group
- BMR group
- Cargill, Inc.
- Charoen Pokphand Foods Public Company Limited
- Coastal Feeds
- Deloa Aqua
- Devi Sea Foods Limited
- Godrej Agrovet Limited
- Grobest Group Limited
- Mahesh Aqua Holdings (Pvt) Ltd
- Pasupati Agrovet Pvt. Ltd
- Skretting AS
- Valueman Organic Agritech Private Limited
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aller Aqua Group
- Avanti Feeds Limited
- Bern Aqua NV
- BioMar Group
- BMR group
- Cargill, Inc.
- Charoen Pokphand Foods Public Company Limited
- Coastal Feeds
- Deloa Aqua
- Devi Sea Foods Limited
- Godrej Agrovet Limited
- Grobest Group Limited
- Mahesh Aqua Holdings (Pvt) Ltd
- Pasupati Agrovet Pvt. Ltd
- Skretting AS
- Valueman Organic Agritech Private Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 265 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 6.9 Billion |
| Forecasted Market Value ( USD | $ 8.3 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
