White Shrimp Market Report 2026

The white shrimp market size has grown strongly in recent years. It will grow from $22.93 billion in 2025 to $24.22 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to growth in global seafood consumption, expansion of shrimp farming operations, rising demand for frozen seafood, improvements in aquaculture feed technology, increased export-oriented shrimp production.

The white shrimp market size is expected to see strong growth in the next few years. It will grow to $29.97 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing demand for responsibly sourced seafood, rising investments in disease-resistant shrimp farming, expansion of processed shrimp product categories, growing adoption of smart aquaculture systems, increasing regulatory focus on seafood safety. Major trends in the forecast period include expansion of sustainable shrimp aquaculture practices, growing demand for traceable and certified seafood, rising adoption of advanced cold chain processing, increased focus on value-added shrimp products, higher integration of quality monitoring systems.

Growing demand for seafood is expected to propel the growth of the white shrimp market going forward. Seafood includes edible marine creatures such as fish, shellfish, and other aquatic species, valued for their nutritional benefits. Rising seafood demand is driven by changes in dietary preferences, increasing disposable incomes, and growing awareness of seafood’s health benefits. White shrimp are popular in dishes such as shrimp cocktails, pasta, and stir-fries due to their delicate flavor and tender texture, making them a versatile ingredient in both casual and gourmet cooking. For instance, in April 2025, according to Eurostat, a Luxembourg-based government agency, aquaculture production in the EU reached nearly 1.1 million tonnes of live weight in 2023, valued at $5.58 (€4.8 billion). Spain, France, and Greece were the top producers, contributing 23.1%, 17.8%, and 13.4% of total EU aquaculture output, respectively. This growth in farmed aquatic organisms, including molluscs such as mussels, oysters, and clams, reflects increasing consumer demand for seafood. Therefore, the rising demand for seafood is driving the growth of the white shrimp market.

Companies in the white shrimp market are focusing on the development of genetically improved white shrimp to combat disease and enhance the sustainability of shrimp aquaculture. Genetically improved white shrimp are selectively bred or genetically modified to increase productivity, sustainability, and overall quality in shrimp farming. For instance, in January 2024, the Department of Fisheries, a Thailand-based organization under the Ministry of Agriculture and Cooperatives, introduced two new shrimp breeds, Petchada 1 and Sida 1. Petchada 1 is designed for rapid growth, while Sida 1 is resistant to early mortality syndrome (EMS), a bacterial disease that has severely affected shrimp farming in Thailand since 2012. These breeds were developed using selective breeding and molecular genetic techniques, incorporating various strains of Pacific white shrimp from the U.S., Guam, and Thailand. Currently undergoing commercial testing after successful results in biosecure environments, these new strains aim to reduce losses for shrimp farmers and ensure the industry's long-term viability.

In July 2024, Aloun Farms, a US-based agricultural company, acquired Kaua‘i Shrimp for an undisclosed amount. This acquisition seeks to enhance local food production, promote sustainable agriculture, and utilize underdeveloped land for aquaculture expansion, ultimately reducing Hawaii's dependence on imported seafood. Kaua‘i Shrimp is a US-based producer of over half a million pounds of Pacific white leg shrimp.

Major companies operating in the white shrimp market are Charoen Pokphand Foods PCL, Cooke Inc., Pescanova, Songa C.A., Nekkanti Sea Foods Limited, Apex Frozen Foods Ltd., Mazzetta Company LLC, The Waterbase Limited, Devi Sea Foods Ltd., Allen Brothers, MIDLAND CO., Homegrown Shrimp USA, Roda International, Onda, The Natural Shrimp Company, Taprobane Seafood Group, Nippon Suisan Kaisha Ltd., Oceanloop Munich GmbH, Minh Phu Seafood Corporation, Kings Infra Venture Ltd., Zhejiang Zhoufu Food Co. Ltd.

Asia-Pacific was the largest region in the white shrimp market in 2025 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the white shrimp market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the white shrimp market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The white shrimp market consists of sales of shrimp cocktail, shrimp paste, shrimp sauces, and condiments. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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