Market Overview
The global shrimp feed market size was valued at USD 7.2 Billion in 2024 and is projected to reach USD 10.8 Billion by 2033, growing at a CAGR of 4.7% during the forecast period 2025-2033. This steady growth is driven by rising global shrimp consumption, expanding aquaculture activities, and development of nutritionally enhanced feed variants that optimize aquaculture production efficiency.For further details, visit the Shrimp Feed Market.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Shrimp Feed Market Key Takeaways

• Current Market Size: USD 7.2 Billion in 2024
• CAGR: 4.7%
• Forecast Period: 2025-2033
• The market is driven by increasing global population, growing preference for protein-rich diets, and rising awareness of shrimp's nutritional benefits.
• Technological advancements in feed formulation and additives enhance sustainability and efficiency of shrimp farming.
• Specialized feeds meet nutritional requirements across larval, juvenile, and adult shrimp stages.
• Asia Pacific dominates shrimp feed market share due to its strong aquaculture sector.
• Key challenges include raw material price fluctuations, environmental concerns, and disease outbreaks, offering opportunities for innovation and biosecurity.

Request for sample copy of this report: https://www.imarcgroup.com/shrimp-feed-market/requestsample

Market Growth Factors
The shrimp feed market grows robustly driven by an expanding aquaculture sector and rising consumer demand for shrimp products. The increasing global population and a growing preference for protein-rich diets have heightened awareness about shrimp's nutritional benefits, fueling market growth. Additionally, improvements in aquaculture technologies and farming practices support greater production efficiency.

Technological advancements such as precision nutrition, functional feeds, and innovative additives play a pivotal role in enhancing shrimp farming efficiency and sustainability. These innovations improve feed formulation, production techniques, and support health and growth across shrimp life stages, making shrimp aquaculture more productive and eco-friendly.

The market also benefits from trends like the adoption of alternative protein sources, sustainable feed formulations, and digital technologies for precision farming and data-driven decision-making. Geographic dominance by Asia-Pacific is bolstered by strong shrimp farming infrastructure, while Latin America and Africa are emerging with increasing shrimp production and sustainable aquaculture practices.

Market Segmentation

Breakup by Type:

• Grower: Dominates the market, formulated to meet nutritional needs of juvenile shrimp during critical growth phase, optimizing growth rates and health.
• Finisher: Significant segment targeting nutritional requirements of mature shrimp for optimal weight gain and quality before harvest.
• Starter: Formulated for newly hatched shrimp postlarvae, ensuring robust early-stage growth and foundational health.

Breakup by Ingredients:

• Soybean Meal: Largest share ingredient; rich in protein, cost-effective, sustainable, meeting shrimp nutritional needs.
• Fish Meal: Important ingredient with high-quality protein and fatty acids, enhancing feed palatability and nutrition.
• Wheat Flour: Provides carbohydrates and acts as a binder, influencing pellet quality and nutritional balance.
• Fish Oil: Key for omega-3 fatty acids supporting growth and health, despite sustainability concerns.
• Others: Not detailed in source.

Breakup by Additives:

• Vitamins and Proteins: Largest additive segment supporting metabolism, immunity, muscle development, and overall health.
• Fatty Acids: Vital for physiological functions including immune response and reproductive health.
• Antioxidants: Contribute to shrimp health and feed preservation by mitigating oxidative stress.
• Feed Enzymes: Enhance digestibility and nutrient absorption, improving feed efficiency.
• Antibiotics: Usage becoming more judicious due to resistance and environmental concerns.
• Others: Not detailed in source.

Breakup by Region:

• Asia Pacific: Largest market share, major shrimp production hubs with favorable conditions and advanced aquaculture.
• Latin America: Growing shrimp farming supported by sustainable practices and advanced technologies.
• Europe: Demand driven by sustainable aquaculture and consumer preference for responsibly sourced seafood.
• North America: Diverse aquaculture sector emphasizing sustainable practices and innovation.
• Middle East and Africa: Emerging market fueled by geographic conditions and food security efforts.

Regional Insights
Asia Pacific leads the shrimp feed market, holding the largest share due to its pivotal role in global shrimp aquaculture. Prominent producers include China, India, Vietnam, Thailand, and Indonesia. The region's favorable climate, water resources, and advanced aquaculture infrastructure contribute to its dominance in the sector.

Recent Developments & News

• December 18, 2023: Charoen Pokphand Group Company, Ltd signed a MoU in Tokyo, Japan with Mitsubishi Corporation's Power Solution Group to reduce carbon emissions in Thailand's manufacturing industry and support energy transition.
• January 24, 2024: Avansya, a joint venture between Cargill and dsm-firmenich, announced EverSweet® stevia sweetener received positive safety opinions from EFSA and UK FSA, moving closer to commercial availability in EU and UK.
• November 9, 2023: Nutreco N.V. expanded its research campus with a company-owned dairy facility in Sint Anthonis, Netherlands, enhancing support for efficient and sustainable farming.

Key Players

• Charoen Pokphand Group Company, Ltd.
• Cargill, Incorporated
• Nutreco N.V.
• BioMar Group A/S
• Guangdong Yuehai Feeds Group Co., Ltd.

Request for customization: https://www.imarcgroup.com/request?type=report&id=941&flag=E

About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-201-971-6302