The White Shrimp Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the White Shrimp Market?
The global market for white shrimp, which demonstrated robust growth in the recent past, was valued at $21.73 billion in 2024 and is predicted to reach $23.04 billion in 2025. This anticipated growth suggests a compound annual growth rate (CAGR) of 6.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the White Shrimp Industry?
The global market for white shrimp is expected to grow to a total of $28.71 billion in 2029 with a compounded annual growth rate (CAGR) of 5.7%.
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What are the Key Growth Drivers Fueling the White Shrimp Market?
The key drivers in the white shrimp market are:
• The rising popularity of shrimp-based cuisines worldwide
• The surging demand for Asian shrimp globally
• Shifting consumer preferences towards frozen shrimp
• Increasing demand for sustainable and high-quality shrimp products
Global Market Segmentation: Identifying Major White Shrimp Industry Segments
The white shrimp market covered in this report is segmented –
1) By Product Type: Atlantic White Shrimp, Asia-Pacific White Shrimp, South America White Shrimp
2) By Form: Frozen, Canned, Peeled, Cooked, Shell-On
3) By Application: Food, Cosmetics, Pharmaceuticals, Biotechnology And Life science
Subsegments:
1) By Atlantic White Shrimp: Wild-Caught Atlantic White Shrimp, Farmed Atlantic White Shrimp, Fresh Atlantic White Shrimp, Frozen Atlantic White Shrimp
2) By Asia-Pacific White Shrimp: Vannamei White Shrimp, Wild-Caught Asia-Pacific White Shrimp, Farmed Asia-Pacific White Shrimp, Processed Asia-Pacific White Shrimp
3) By South America White Shrimp: Ecuadorian White Shrimp, Wild-Caught South America White Shrimp, Farmed South America White Shrimp, Organic South America White Shrimp
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What are the emerging Trends Shaping the Future of the White Shrimp Market?
The key trends in the white shrimp market are:
• There is increasing consumer demand for ecologically friendly and high-quality shrimp products.
• Innovations in aquaculture, such as closed-loop systems, are becoming a trend.
• Technological advancements in freezing and packaging methods are shaping the future.
• There is a growing market for convenient and ready-to-cook seafood options, and adoption of sustainable practices.
Who Are the Top Competitors & Leading Players in the White Shrimp Market?
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.
• Zhejiang Zhoufu Food Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
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
