White Shrimp Market Report 2025

This White Shrimp Market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The white shrimp market size has grown strongly in recent years. It will grow from $21.73 billion in 2024 to $23.04 billion in 2025 at a compound annual growth rate (CAGR) of 6%. The growth during the historic period can be attributed to increasing consumer demand for seafood, growing awareness of the health benefits of shrimp, the rise of e-commerce platforms, a rising population, and changing dietary preferences.

The white shrimp market size is expected to see strong growth in the next few years. It will grow to $28.71 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to the increasing popularity of shrimp-based cuisines, rising global demand for Asian shrimp, shifting consumer preferences toward frozen shrimp, growing demand for sustainable and high-quality shrimp products, and a stronger emphasis on eco-friendly aquaculture practices. Key trends include the rising demand for ecologically friendly shrimp products, the implementation of aquaculture innovations such as closed-loop systems, advancements in freezing techniques and packaging, increased demand for convenient and ready-to-cook seafood options, and the widespread adoption of sustainable practices.

The increasing demand for seafood is expected to drive the growth of the white shrimp market. Seafood includes edible marine species such as fish and shellfish, valued for their nutritional benefits. The rising demand for seafood is influenced by factors such as shifting dietary preferences, increasing disposable incomes, and growing awareness of its health benefits. White shrimp are widely used in various seafood dishes, including shrimp cocktails, pasta, and stir-fries, due to their delicate flavor and tender texture. They serve as a versatile ingredient in both casual and gourmet cuisine. For example, in October 2023, Seafish, a UK-based public body supporting the seafood industry, reported that seafood imports from Iceland to the UK in 2022 reached £286.3 million ($323.77 million), accounting for 8% of the total £3.64 billion ($4.11 billion) in seafood imports. This represented a £31.2 million ($35.28 million) increase (+12%) from 2021. As a result, the growing demand for seafood is fueling the expansion 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 players 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., and Zhejiang Zhoufu Food Co. Ltd.

Asia-Pacific was the largest region in the white shrimp market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in white shrimp report are Asia-Pacific, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.

White shrimp are a species commonly found in warm coastal waters, distinguished by their light, translucent bodies with a slightly grayish or white tint. They are widely harvested for commercial use due to their tender, sweet flavor and versatility in cooking, making them popular in dishes such as seafood boils, shrimp cocktails, and stir-fries.

The primary types of white shrimp include Atlantic white shrimp, Asia-Pacific white shrimp, and South American white shrimp. Atlantic white shrimp, native to the eastern North American coast, are valued for their sweet flavor, firm texture, and wild-harvested quality. They are available in various forms, including frozen, canned, peeled, cooked, and shell-on, and are used in multiple applications such as food, cosmetics, pharmaceuticals, biotechnology, and life sciences.

The white shrimp market research report is one of a series of new reports that provides white shrimp market statistics, including the white shrimp industry global market size, regional shares, competitors with the white shrimp market share, detailed white shrimp market segments, market trends, and opportunities, and any further data you may need to thrive in the white shrimp industry. This white shrimp market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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 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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