The global frozen shrimp market is expected to move toward strong growth through 2035

The global frozen shrimp market is projected to increase from approximately USD 18,742.6 million in 2025 to USD 32,847.3 million by 2035 — equivalent to about 75.3% growth over the next 10 years. The compound annual growth rate (CAGR) is estimated at 5.8% from 2025 to 2035.

Market indicators

          - Market value in 2025: ~USD 18,742.6 million.
          - Projected value in 2035: ~USD 32,847.3 million.
          - CAGR for 2025–2035: ~5.8%.
          - Leading application segment in 2025: Retail Distribution accounting for approximately 58.7% market share.
          - Leading product type in 2025: Peeled & Deveined shrimp accounting for about 46.3%.
          - Primary distribution channel in 2025: Supermarkets / Hypermarkets accounting for ~41.9%.
          - Main growth regions: Asia-Pacific, North America, Europe.
          - Top companies by market share: Thai Union Group, Charoen Pokphand Foods, Sea Value.

Key Drivers

The expansion of the frozen shrimp market is supported by a number of factors:

Increasing consumer demand for convenient protein sources, especially in developed markets.
Expansion of aquaculture shrimp farming capacity in key production areas, boosting raw material supply to the frozen market.
Growth in the foodservice and retail sectors, where frozen shrimp is widely used for its convenience, ease of preparation and better preservation.

In addition, advanced processing and preservation technologies such as Individual Quick Freezing (IQF), and modern cold chain systems are creating strong demand for premium frozen shrimp products — products that retain their texture and nutritional quality over extended periods of storage.

Technology and quality management

Large shrimp farming regions are investing heavily in technology: automatic peeling facilities, quality grading systems, quick freezing equipment, modern packaging machines and traceability systems are all being developed. This not only helps reduce costs and improve productivity but also meets the increasing demand for food safety, certification and traceability – a very important factor in international export and retail.

Vertical integration and high-end segment

The market is shifting from basic commercial shrimp production to value-added products, serving high-end retail, restaurants and catering services, with increasingly higher standards in size, uniformity, packaging and traceability. Large companies are integrating vertically – from farming, processing to distribution – to ensure stable supply and quality control.

Regional Outlook

          - Asia-Pacific: Remains the hub for frozen shrimp production and exports, with significant expansion in farming and processing.
          - North America and Europe: Major consumer markets, demanding premium, convenient products that comply with strict food safety standards.
          - The growth of supermarket, restaurant and meal-kit networks is also driving demand for imported and consumed frozen shrimp.

Challenges

Despite the bright outlook, the market still faces a number of risks:

          - Increasing input costs (seeds, feed, logistics and cold chain).
          - Increasing demands for traceability, sustainability certification and food safety standards – which can be a barrier for many small producers.
          - Increasing competition from other proteins and rapidly changing consumer trends.
The global frozen shrimp market is entering a period of strong growth, driven by consumer preferences for convenience foods, high protein demands, expansion of aquaculture and modern processing technology. With growth forecast to increase by more than one and a half times over the next decade, the frozen shrimp industry is a promising sector for producers, processors and distributors. However, to capitalize on the opportunity, participants need to invest in technology, supply chain management and quality standards – while ensuring sustainability and traceability to maintain a competitive edge.

Translation from VIBO news. Author of Vietnamese article: according to (vasep.com.vn)