Shrimp Powder Market Size, Share, Growth, and Industry Analysis, By Type (Protein ≥ 50%, Protein ≥ 60%), By Application (Food, Feed and Other), and Regional Insights and Forecast to 2033

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SHRIMP POWDER MARKET OVERVIEW

The shrimp powder market size was valued at approximately USD 0.05 billion in 2024 and is expected to reach USD 0.073 billion by 2033, growing at a compound annual growth rate (CAGR) of about 4.3% from 2025 to 2033

In the case of North America, the U. S and Canada are some of the major markets where the use of the Shrimp Powder is expected to increase in the future. This growth is attributed by the rising consumers’ demand on protein and other food products and the development of the aquaculture system. Likewise, in China, there is a considerable growth anticipated in the market for Shrimp Powder because of its rich sea food culture and upgradation of the food processing industries. Europe also seems to offer prospects; however, specifically the United Kingdom and Germany as their interest in organic as well as sustainably sourced fish and seafood products is gradually gaining grounds.

The global Shrimp Powder is fragmented market with key players focusing on product differentiation and increasing market share. The market was mainly dominated by ascending key players in the year 2022 such as Haida Fishmeal and Xingchang Aquatic Products restraining new entrant entry into the industry. It is to be noted that these companies are not only involved in expanding production capacity but are also involved in consolidation plans to consolidate their positions in the Shrimp Powder market in the world.

GLOBAL CRISES IMPACTING SHRIMP POWDER MARKET

COVID-19 IMPACT Shrimp powder Industry Had a Negative Effect Due to supply chain disruption during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The upstream supply chain of raw materials has been disrupted by the occurrence of the Covid-19 pandemic which has affected the Shrimp Powder market greatly. There were plants shutting down or running on a partial capacity thereby struggling with the supply of raw materials and delivery of products. Pandemic also impacted consumers’ desire especially in the tourism industry where people reduced spending on shrimp-based food products.

LATEST TRENDS

Market Expansion to Drive Market Growth

The awareness of consumer regarding the sustainable seafood and protein craved food has also ignited the demand for Shrimp Powder in food industry. Thus, this trend together with the growth of the functional food market and the consumption of natural products can push the Shrimp Powder market forward. In feed industry the changes by making it better and healthier for the animals using shrimp powder have influenced this sector in aquaculture and livestock farming.

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SHRIMP POWDER MARKET SEGMENTATION

By Type

• Protein ≥ 50%: This segment includes shrimp powder products which have protein content of not less than 50 per cent. This product is prevalently applied in manufacturing food and feed products because of rich nutrition.

• Protein ≥ 60%: As for the containing protein concentration, this kind of shrimp powder is for superior food goods and specific diets. It is costly and has even richer nutritional value as compared to the regular popcorns.

By Application

• Food: Shrimp Powder is a flavor booster and a nutritional additive to various dishes, sauces, and seasonings which are produced in the food industry. They also contribute they are very much used in Asia food preparation most especially.

• Feed: The feed sector is one of the main customers of shrimp powder, especially for aquaculture and poultry farming Feed industry, the role of shrimp powder is to increase the protein input of feed.

• Other: This category consists of specific application that include cosmetics, pharmaceuticals, pet food where shrimp powder is used for nutritional and functionality value.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

High Demand for Protein Rich Foods and Other Related Products Boosts the Shrimp Powder Market

The change in the global population’s dietary preferences towards healthier meals and specifically foods with high protein content is among the factors responsible for pushing the demand for Shrimp Powder forward. Consumer’s demand better quality products that have natural sources of proteins; thus, shrimp powder has numerous nutritional benefits. North America, Europe and Asian markets specifically have constantly been looking for seafood-based products, functional foods and snacks which have served as key drivers for the demand of shrimp powder that is used for manufacturing food supplements and proteins. This factor is expected to prevail in the upcoming years and will aid the growth of the Shrimp Powder market in the forecast period.

Increased Demand for Seafood and Expansion of Aquaculture Sector Developing the Consumption

Shrimp Powder as an Essence in Animal Feeds Shrimp powder is seen to be in demand with the current increased rate in the consumption of seafood and the growth of the aquaculture industry. Shrimp powder facilitates growth and nutrient in fish and shrimp, FYI it is widely eaten in the aquaculture feed production. As fish farming tender worldwide, Shrimp Powder market will find the opportunity to join this fast developed industry.

Restraining Factor

High production cost ends up either close to breakeven or creates a small profit while limiting the overall scale

Some of the most pressing problems of the Shrimp Powder market  share that has been identified include high production costs. The major components used in making shrimp powder are very expensive due to the nature of the raw material used in the production of shrimp powder in addition to other factors like drying and processing. These high costs are absorbed by the end consumer which may slow down the growth of the market especially in sensitive price areas.

Opportunity

Following paper examines the relationship between cause and effect in the progressively higher demand for natural and organic ingredients

Consumers are getting more sensitized on issues of health, and this is causing an increase in the demand for natural and organic ingredients across food for human consumption and feed for animals also. In this context, the Shrimp Powder market has a good chance to grow this trend to a certain extent. This can be of advantage to companies who can invent organic shrimp powder products that will satisfy the consumers looking for sustainable protein. A shift in consumer trend is expected to call for new product introduction, particularly in important markets such as North America and Europe where consumers are demanding more organic seafood products.

Challenge

Exploring the Impact of Regulatory Barrier as well as High Cost of Production

Challenges for Shrimp Powder market growth include the fact that it falls under the category of products that are regulated by law and require compliance with numerous strict rules and regulations; the costs of production for this product are also rather high. Different countries have erected higher standards of quality and food hygiene which producers have to abide by hence incurring high costs to do their business. Also, exporting the product demands energy to prepare shrimp powder, and this, together with cost raises the overall cost of produce, meaning that only the large industries can afford the investment and therefore capture most of the market. Hence these factors may slow market growth, particularly where the purchasing power of consumers is low.

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SHRIMP POWDER MARKET REGIONAL INSIGHTS

• United States

The United States Shrimp Powder market is an important due to the rising population’s concern towards protein and nutritious food, as well as sea-food consumption. Market growth is predicted to be driven by the development of the aquaculture industry and increased consumer concern with the health benefits of the product.

• China

China being one of the largest consumers and producers of seafood and having a large food processing industry continues to be the largest market for Shrimp Powder. Chinese market is growing steadily due to the alterations in the consumption patterns of food items and grow investments in aquaculture feed products.

• Europe

UK and Germany especially in Europe have emerged as prospective markets for Shrimp Powder. The decision of people to purchase organic and sustainable seafood is also putting pressure on the purchase of superior quality shrimp powder in the food and chiefly in the feed industries.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

The global Shrimp Powder market is very concentrated; thus, the companies have a significant influence on the market. Such giants as Haida Fishmeal, Dandong Yuanyi Seafood, Hailongyuan etc., have appeared on the market, which offer not only vast production capabilities but also Logistic networks all around the world. These players are investing their efforts in developing superior quality of shrimp powder products having better nutritional value. The leading players are also going for mergers, acquisitions, and partnerships as a strategy towards enhancing their strategies in the global Shrimp Powder market.

List of Top Shrimp Powder Companies

• Haida Fishmeal (China)
• Dandong Yuanyi Seafood (China)
• Hailongyuan (China)
• Yuxinyuan (China)
• Xingshang Aquatic Products (China)
• Liaoyu (China)
• Khan Foods (India)
• Ocean Fresh Seafood (Canada)
• ShrimpTech Solutions (USA)
• Pacific Protein (USA)
• Triton Seafood (Japan)
• AquaFresh Global (UK)

KEY INDUSTRY DEVELOPMENT

Oct 2023: The market for Shrimp Powder has witnessed few changes in the last couple of years. New methods in the production of shrimp powder apply the sustainable and organic approach due to the growing popularity of the organic products in the market. Organisations are managed selling producing methods that cut issuance and enhancing product value. Further, the improvement of food technologies has allowed producers to develop higher protein shrimp powder, with all preferable taste and texture profiling suitable for human and animal consumption in food and feed industries.

REPORT COVERAGE

This section of the report encompasses detailed information regarding the major insights in the Shrimp Powder market such as trends, growth rate, and other related aspects of the market. This do analysis of the competition level as well as the identification of the major players in the market together with their share in the market. The report also focuses on the regional trends, which will help the reader to understand the market size in the U. S.A, Canada, China, Europe, and other regions. Moreover, the report also provides understanding about market segmentation based on the type and application along with segmental sales and revenue information.

Besides the market overview, the report encompasses a comprehensive evaluation of supply chain factors of the industry such as raw materials, technology used during production, and distribution channels. It also shed light on the effect of the regulatory policies in the Shrimp Powder market with special regard to some of the policies on sustainability and food safety. It helps the various stakeholders in the market to get insight in the current market conditions needed to adjust their business strategies.