Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the White Shrimp Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the White Shrimp Market Grow Between 2024 and 2025?
The market size for white shrimp has seen robust expansion in the previous years. It has been predicted to increase from $21.73 billion in 2024 to $22.93 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%. The past growth trend for the White Shrimp Global Market Report 2025 indicates a strong increase.
How Much Will the White Shrimp Market Be Worth in 2029?
The market size of the white shrimp industry is anticipated to reach $28.45 billion in 2029, with a compound annual growth rate (CAGR) of 5.5%.
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Which White Shrimp Market Drivers Are Linked to Revenue Growth?
The key drivers in the white shrimp market are:
• Rising demand for seafood due to its nutritional benefits
• Shifts in dietary preferences favoring seafood
• Increasing disposable income enabling higher seafood consumption
• Heightened awareness of the health benefits associated with seafood consumption
Which Segments Are Expected to Grow in the White Shrimp Market?
The white shrimpmarket 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
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What Are The Key Trends Impacting Growth In The Global White Shrimp Market?
The key trends in the white shrimp market are:
• Companies in the white shrimp market are innovating and developing genetically improved white shrimp for disease resistance and enhanced sustainability.
• Aquaculture industries are adopting selective breeding or genetic modification to enhance farming productivity and the quality of shrimp.
• There is a trend towards developing new shrimp breeds to combat the bacterial diseases that significantly impact shrimp farming.
• Strains demonstrating positive results in biosecure environments are being tested commercially, aiming to reduce losses for shrimp farmers and secure the industry’s future.
Who Are the Key Competitors in the Global 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.
Where Is the White Shrimp Market Growing Fastest Between 2025 and 2029?
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
