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Shrimp Feed Market Growth Analysis: How Will Revenue Trend Over The Forecast Period?
The shrimp feed market has seen robust growth in recent years. It will grow from $4.79 billion in 2025 to $5.1 billion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The market’s expansion historically stems from the proliferation of shrimp aquaculture farming, increased shrimp consumption, the availability of commercial feed formulations, the rise of export-focused shrimp farming, and the adoption of formulated aquafeeds.
The shrimp feed market is projected to experience substantial expansion over the coming years. Its value is anticipated to reach $6.36 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.7%. This growth during the forecast period is primarily driven by improvements in feed digestibility technologies, an increased emphasis on sustainable aquaculture methods, the broadening of intensive shrimp farming systems, a rising need for antibiotic-free feeds, and progress in feed processing techniques. Key trends expected during this period encompass the creation of nutrient-rich shrimp feed, an increasing incorporation of plant-based feed components, wider acceptance of species-specific feed formulations, the growth of functional feed additives, and a greater concentration on feed conversion efficiency.
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Shrimp Feed Market Growth Drivers: What’s Behind The Acceleration?
The projected expansion of the shrimp feed market is anticipated to be driven by the rising demand for seafood. Seafood encompasses all edible aquatic animals and plants gathered from either freshwater or saltwater habitats for human consumption. The growing need for seafood can be linked to factors such as increased health awareness, specific cultural tastes, convenience, environmental sustainability considerations, and globalization. Furthermore, employing premium shrimp feed facilitates the sustainable development of shrimp aquaculture, thereby satisfying the increasing seafood demand while simultaneously reducing ecological footprint and preserving the well-being of aquatic environments. As an illustration, data from June 2024, provided by the Food and Agriculture Organization of the United Nations, a US-based government entity, indicates that fisheries and aquaculture output reached an impressive 223.2 million tonnes in 2022. It is projected that aquatic animal production will see a 10 percent rise by 2032, reaching 205 million tonnes. Additionally, SOFIA forecasts a 12 percent increase in apparent consumption, aiming to provide an average of 21.3 kg per capita in 2032. Consequently, the expanding need for seafood is a primary factor fueling the growth of the shrimp feed market.
Shrimp Feed Market Segment Analysis And Revenue Potential
The shrimp feed market covered in this report is segmented –
1) By Type: Starter Grade, Grower Grade, Finisher Grade
2) By Shrimp Species: Pacific Whiteleg Shrimp, Black Tiger Shrimp, Other Shrimp Species
3) By Ingredients: Fish-Meal Based Feeds, Plant-Based Feeds, Soybean-Meal Based Feeds, Wheat-Based Feeds, Corn-Based Feeds, Other Ingredients
4) By Additives: Vitamins And Proteins, Antioxidants, Antibiotics, Fatty Acids, Feed Enzymes, Other Additives
Subsegments:
1) By Starter Grade: High-Protein Starter Feed, Nutrient-Rich Starter Pellets, Crumble Feed For Early Stage Shrimp, Liquid Starter Feeds, Specialized Starter Feed For Specific Shrimp Species
2) By Grower Grade: Growth-Promoting Shrimp Feed, Medium-Protein Grower Pellets, Feed With Enhanced Digestibility, Formulated Grower Feed With Essential Nutrients, Grower Feed With Omega-3 Fatty Acids
3) By Finisher Grade: High-Energy Finisher Feed, Low-Protein Finisher Pellets, Finisher Feed With Antioxidants And Color Enhancers, Specialized Finisher Feed For Market-Ready Shrimp, Slow-Release Nutrient Finisher Feed
Shrimp Feed Market Trends Powering Strategic Industry Growth
Leading companies within the shrimp feed market are focusing on creating innovative products, including functional shrimp feed, to boost feed efficiency and promote sustainability. Functional shrimp feed refers to specialized diets formulated not only to fulfill the basic nutritional requirements of shrimp but also to enhance their general health, growth, and resistance to diseases. These feeds frequently incorporate additional ingredients that offer specific advantages beyond standard nutrition. For example, in May 2024, Skretting, a Norway-based company specializing in aquafeed production, launched Armis, a functional feed for shrimp. This new feed is designed to support the resilience of shrimp facing challenging conditions and provide optimal nutrition to safeguard farm performance. It was specifically developed to address the needs of shrimp farmers in India. This new feed is intended to tackle problems caused by parasites such as Enterocytozoon hepatopenaei (EHP) and other shrimp farming diseases.
Shrimp Feed Market Key Players Shaping Industry Direction
Major companies operating in the shrimp feed market are Cargill Incorporated, The Archer-Daniels-Midland Company, Tongwei Co Ltd, Evonik Industries AG, Charoen Pokphand Food Public Company Limited, Nutreco Holding N.V., Novozymes AS, Alltech Inc., Virbac Corp, Guangdong Yuehai Feeds Group Co Ltd, Ridley Corporation, Avanti Feeds Ltd, Aller Aqua A/S, Rangen Inc, Zeigler Bros Inc, BioMar Ltd, INVE Aquaculture, Growel Feeds Pvt. Ltd, Blue Aqua International Pte Ltd, Bern Aqua NV, ACI Godrej Agrovet Pvt, Guangdong Evergreen Feed Industry Co. Ltd., Thai Union Feedmill Public Company Limited
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Shrimp Feed Market Regional Split: Which Areas Are Fueling Growth?
Asia-Pacific was the largest region in the shrimp feed market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the shrimp feed market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
