Global Shrimp Feed Market Size, Share, Trends and forecast

Market Overview:

The global shrimp feed market has experienced significant growth, reaching a valuation of USD 7.2 billion in 2024. This expansion is primarily driven by the increasing global consumption of shrimp and the expansion of aquaculture activities. The development of specialized, nutritionally enhanced feed variants aimed at optimizing production efficiency has further bolstered market growth. As the demand for high-quality shrimp continues to rise, the shrimp feed industry is poised for sustained advancement in the coming years.

Study Assumption Years:

• Base Year: 2024

• Historical Years: 2019-2024

• Forecast Years: 2025-2033

Shrimp Feed Market Key Takeaways:

• Market Size and Growth: The shrimp feed market was valued at USD 7.2 billion in 2024 and is projected to reach USD 10.8 billion by 2033, exhibiting a CAGR of 4.7% during 2025-2033.

• Dominant Type Segment: The grower segment holds the majority share in the market, reflecting its critical role in shrimp development stages.

• Leading Ingredient: Soybean meal is the predominant ingredient in shrimp feed formulations, attributed to its high protein content and cost-effectiveness.

• Key Additive Segment: Vitamins and proteins represent the largest additive segment, essential for promoting shrimp health and growth.

• Regional Insights: The Asia Pacific region dominates the market, driven by extensive aquaculture practices in countries like China, India, and Vietnam.

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Market Growth Factors:

The increase in consumption of seafood worldwide has, in turn, stimulated the shrimp feed market. The high nutritional value of shrimp and its applications in different types of cuisine have made it more popular with the health-conscious consumer. This increasing demand has, in turn, expanded the shrimp farming business, which now requires quality feed for shrimp to grow well and become productive. Farmers are, therefore, adopting specialized feed formulations further boosting shrimp health and yield, which is an important factor for the growth of this market. 

The development of aquaculture techniques has further supported the expansion of this market, very much by the technological advances that have been introduced to shrimp farming. These include precision feeding techniques and functional feeds supplemented with such additives as probiotics and enzymes to enhance feed efficiency and shrimp health. Digital technologies such as data analytics and IoT support farmers in monitoring feeding patterns and water quality to make appropriate management decisions about productivity and profitability. 

The global interest in environmental sustainability has encouraged an increasing tendency toward eco-friendly shrimp feed formulations. There are environmental concerns about fishmeal-based traditional feeds such as overfishing and ecosystem destruction. In response, the industry has been investigating alternative protein sources like plant-based proteins and insect meal. These sustainable practices will not only lessen the environmental impact but will also come in very handy when addressing consumers’ and retailers’ concerns about responsible sourcing factors, thereby positively influencing the dynamics of the market.

Market Segmentation:

• By Type:

  • Grower: Formulated to support shrimp during their growth phase, ensuring optimal development and health.

  • Finisher: Designed for the final stages of shrimp cultivation to enhance size and quality before harvest.

  • Starter: Tailored for juvenile shrimp, providing essential nutrients for early development.

• By Ingredients:

  • Soybean Meal: A primary protein source known for its high nutritional value and cost-effectiveness.

  • Fish Meal: Rich in essential amino acids, contributing to the growth and health of shrimp.

  • Wheat Flour: Serves as a binding agent and energy source in feed formulations.

  • Fish Oil: Provides essential fatty acids, promoting healthy development and immunity.

  • Others: Includes various supplementary ingredients enhancing feed quality and effectiveness.

• By Additives:

  • Vitamins and Proteins: Essential for metabolic functions and overall growth.

  • Fatty Acids: Support cellular functions and improve feed efficiency.

  • Antioxidants: Prevent feed oxidation, ensuring nutrient integrity.

  • Feed Enzymes: Enhance digestion and nutrient absorption.

  • Antibiotics: Used to prevent and control bacterial infections, promoting shrimp health.

  • Others: Additional additives aimed at improving feed performance and shrimp well-being.

• By Region:

  • North America (United States, Canada)

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  • Latin America (Brazil, Mexico, Others)

  • Middle East and Africa

Regional Insights:

Asia Pacific stands as the dominant region in the global shrimp feed market, led by countries such as China, India, and Vietnam. This growth is fueled by the region’s robust aquaculture industry, favorable climatic conditions, and government initiatives supporting sustainable shrimp farming. Additionally, the presence of key feed manufacturers and the rising adoption of modern farming techniques are further driving regional market expansion.

Recent Developments & News:

According to the IMARC Group report, the shrimp feed industry has seen several advancements focused on sustainability and nutritional optimization. Manufacturers are increasingly introducing eco-friendly formulations with alternative protein sources such as insect meal and plant-based ingredients. There is also growing adoption of precision feeding systems that leverage automation and data-driven technologies to enhance feeding efficiency and minimize waste. These innovations aim to improve shrimp health, boost farm productivity, and align with evolving consumer preferences for responsibly sourced seafood.

Key Players:

• Charoen Pokphand Group Company, Ltd.

• Cargill, Incorporated

• Nutreco N.V.

• BioMar Group A/S

• Guangdong Yuehai Feeds Group Co., Ltd.

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