Shrimp Feed Market Size, Share, Growth and Industry analysis, By Type (Starter Grade, Grower Grade, Finisher Grade), By Application (Whiteleg Shrimp, Giant Tiger Prawn, Akiami Paste Shrimp, Others) and Regional Forecast to 2034

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SHRIMP FEED MARKET OVERVIEW

The global shrimp feed market size was valued at USD 7.953 billion in 2025 and is expected to reach USD 14.99 billion by 2034, growing at a compound annual growth rate (CAGR) of about 7.29% from 2025 to 2034.

The United States Shrimp Feed Market size is projected at USD 2.66825 Billion in 2025, the Europe Shrimp Feed Market size is projected at USD 1.98906 Billion in 2025, and the China Shrimp Feed Market size is projected at USD 2.23799 Billion in 2025.

Shrimp feed is a specially formulated feed that is given to shrimp in aquaculture systems to provide them with the necessary nutrients to grow and remain healthy. Shrimp feed typically comes in the form of dried pellets, similar to dry dog food, and contains about 40 essential nutrients, including vitamins, minerals, amino acids (the building blocks of protein), and some fats. Different factors, such as temperature, biomass, and the composition/type of feed, determine the amount of feed to give to the shrimp during different production periods. Aquafeed producers have developed tables or charts that guide farmers on the amount of feed to give the shrimp during these different periods.

Shrimp farmers need to carefully manage the feeding of shrimp to ensure that the feed is consumed in the right amount and at the right time to avoid overfeeding, underfeeding, or feeding at inappropriate times, which can lead to health problems and reduced growth rates.

KEY FINDINGS

COVID-19 IMPACT

Pandemic decreased the Market Demand

The closure of restaurants and other food service establishments during lockdowns has resulted in reduced demand for shrimp products, which has in turn reduced demand for shrimp feed. Shrimp feed production facilities have been forced to shut down or reduce their operations due to COVID-19 outbreaks among their workforce. Travel restrictions and border closures have made it difficult to transport shrimp products across international borders.

LATEST TRENDS

Increasing demand for sustainable and eco-friendly shrimp feed to Fuel Market Growth.

Consumers are increasingly looking for sustainable and eco-friendly products, and this trend has extended to the shrimp feed industry. Shrimp feed manufacturers are developing products that use ingredients that are responsibly sourced and produced. The aquaculture industry is expanding, and shrimp farming is becoming more popular in many parts of the world. This growth is driving demand for shrimp feed, and manufacturers are working to meet this demand by developing new and innovative products.

• According to the FAO, aquaculture production reached 130.9 million tonnes in 2022, representing 59% of total global fisheries and aquaculture production.

• According to industry data, up to 70% of shrimp feed pellets are lost to pond degradation before consumption.

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SHRIMP FEED MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into, Starter Grade, Grower Grade, Finisher Grade, Shrimp Feed

By Application Analysis

Based on application, the market can be divided into, Whiteleg Shrimp, Giant Tiger Prawn, Akiami Paste Shrimp, Other

DRIVING FACTORS

Increasing aquaculture production and technological advancements to stimulate market demand

Aquaculture production is expanding, and shrimp farming is becoming more popular in many parts of the world. As a result, the demand for shrimp feed is growing, particularly in countries such as China, India, Indonesia, Thailand, and Vietnam. The shrimp feed industry is adopting new technologies, such as advanced formulation software, computerized monitoring systems, and automated feeders. These technologies are helping manufacturers to produce high-quality shrimp feed more efficiently, and at a lower cost. These factors are driving the shrimp feed market growth rapidly.

• According to FAO, farmed aquatic animals accounted for 94.4 million tonnes in 2022, or 51% of total aquatic-animal output

• According to FAO, Asia-Pacific contributed 91.4% of global aquaculture production in 2022, underpinning feed demand

RESTRAINING FACTORS

Volatility in raw materials to restrict the market growth

The cost of raw materials used in shrimp feed production, such as fishmeal and soybean meal, can be volatile, which can impact the profitability of shrimp feed manufacturers. Fluctuations in prices can also make it difficult for manufacturers to maintain consistent product quality and pricing. Also this kind of farming can be vulnerable to environmental challenges such as disease outbreaks, water pollution, and climate change. These challenges can impact shrimp production and demand for shrimp feed products.

• According to a global survey, farmed shrimp output fell by 0.4% to 5.6 million tonnes in 2023

• According to the FAO, only 62.3% of global fish stocks are sustainably exploited, prompting tighter feed regulations

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SHRIMP FEED MARKET REGIONAL INSIGHTS

Increasing demand for seafood in North America has boosted Shrimp Feed Market share

North American consumers are increasingly interested in seafood, particularly shrimp, due to its nutritional benefits and versatility in cooking. This is driving demand for high-quality shrimp feed products and thus increasing shrimp feed market share in the region. North American consumers are becoming more interested in sustainable and eco-friendly products, and the shrimp feed industry is responding to this demand by using responsibly sourced and produced ingredients.

KEY INDUSTRY PLAYERS

Adoption of Innovative Strategies by Key Players Influencing Market Development

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

• Nutreco NV (Skretting) : Skretting produces 2 million tonnes of feed annually across 17 plants, covering over 60 farmed-fish species

• Avanti Feeds Ltd. : Its shrimp-feed market share in India rose from 43% in FY 2018 to 50% in FY 2024

List of Top Shrimp Feed Companies

• DuPont de Nemours Inc.
• Nutreco NV
• Charoen Pokphand Foods Public Co. Ltd.
• BioMar
• Avanti Feeds Ltd.
• Archer Daniels Midland Co.
• Cargill Inc.
• Novozymes AS
• Growel Feeds Pvt. Ltd.
• Evonik Industries AG

REPORT COVERAGE

This report examines an understanding of the Shrimp Feed market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.