Global Shrimp Feed Market Report and Forecast 2025-2034

The primary factors catalysing the global shrimp feed market growth are changing dietary patterns, rising health awareness among consumers, and increasing shrimp farming in Asian and Latin American countries. Moreover, the commercialisation of vannamei shrimp due to a strong demand from both the developing as well as the developed nations is driving shrimp feed demand.

Figure: Seafood Production (in MT) in Key Countries, 2020

Some of the factors driving the shrimp feed market growth are the increased demand for healthy shrimp and improving shrimp farming practices. Approximately 200 million tonnes of fish and seafood are produced annually worldwide. The demand for seafood, including shrimp, is growing steadily in countries such as Japan, the EU, and the US due to their nutritional profile and extraordinary protein content.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Developments

Global Shrimp Feed Market Trends

Shrimp feed is crucial for efficient shrimp production and is made up of high-quality essential amino acids, vitamins, and minerals important for optimal shrimp performance and palatability. Owing to the rising need for affordable feed compared to traditional fish meals, farmers have turned towards efficient alternatives such as soybean meals.

Furthermore, the growth of the organic shrimp farming market to mitigate the impact of traditional shrimp farming is increasing the application of organic feed produced from natural ingredients and free from chemicals. Since these feeds are free of preservatives, it is anticipated to compel producers to invest in production facilities close to the farms to maintain the feed’s freshness.

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Market Segmentation

Soybean meal is expected to dominate the shrimp feed market share as it offers high digestibility and amino acid profile.

Soybean meal is the most widely utilised form of protein in shrimp diets owing to its high digestibility and amino acid profile. Moreover, it is a prevalent plant-based source of protein for shrimp feed formulations due to its stable price and availability. Soybean meal has the potential to completely replace fish meal sources in shrimp diets.

Fish meal offers high-quality vital amino acids, vitamins, and minerals required for successful shrimp performance. The rapid expansion of the fisheries and aquaculture industry has increased the demand for processed fish meals and their constituting ingredients. The shrimp market is the dominant consumer of fishmeal in the aquaculture sector and the demand continues to be driven by the growing shrimp-farming sector, particularly in the Asia Pacific and Latin America.

Wheat flour is used as a binder by shrimp feed manufacturers to enhance water stability. The utilisation of wheat flour as a carbohydrate in whiteleg shrimp biofloc improves production characteristics such as feed utilisation, survival rates, microbial floc concentration, body composition, and growth performance.

Competitive Landscape

Global Shrimp Feed Market Analysis by Region

The Asia Pacific is a prominent region as shrimp is embedded in the culture of many Asian countries such as China and Japan. Governments across the region have set targets to expand shrimp farming aquaculture, which has supported the demand for quality feed. For instance, Pradhan Mantri Matsya Sampada Yojana (PMMSY), aims at enhancing shrimp production in India and achieving a target of producing 1.4 million tonnes by 2024. Indonesia's Ministry of Maritime Affairs and Fisheries set a target to increase its shrimp production by 250% from 800,000 metric tons in 2019 to 2 million metric tons by 2024.

In North America, shrimp is the most consumed seafood in the country. Although the USA mostly imports shrimp, there are many farms in Kentucky, Arkansas, Iowa, Nebraska, and Minnesota. Market players are actively working towards building a market for their US-grown, chemical-free, non-GMO shrimp, which is expected to continuously drive the shrimp feed market expansion in the forecast period.

Latin American countries are extensively engaged in shrimp farming, and it is one of the most significant exported products, which plays a crucial role in the economy. Precise feed management techniques to ensure the use of the best nutrient composition and the optimal number of feed occasions are expected to revolutionise shrimp production in Ecuador and across Latin America.

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Shrimp Feed Market Report Snapshots

Shrimp Feed Market Size

Shrimp Feed Market Trends

Shrimp Feed Companies

Shrimp Feed Market Regional Analysis