Global Shrimp Feed Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Grower, Finisher, and Starter.

By Ingredients;

Fish Meal-Based Feeds, Plant-Based Feeds, Soybean Meal-Based Feeds, Wheat-Based Feeds, and Corn-Based Feeds.

By Product;

Starter Feeds, Grower Feeds, and Finisher Feeds.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn175657130 Published Date: March, 2025 Updated Date: May, 2025

Introduction

Global Shrimp Feed Market (USD Million), 2021 - 2031

In the year 2024, the Global Shrimp Feed Market was valued at USD 9,245.73 million. The size of this market is expected to increase to USD 15,509.72 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.7%.

The Global Shrimp Feed Market is expanding due to the growing demand for shrimp farming and the increasing need for high-quality shrimp feed to support the aquaculture industry. Shrimp farming has become one of the fastest-growing segments within global aquaculture, driven by rising seafood consumption, especially in regions such as Asia-Pacific and North America. The demand for shrimp is increasing due to its popularity as a protein source and its widespread use in both domestic and export markets. As a result, shrimp farmers are turning to specialized feed formulations designed to improve shrimp health, growth rates, and disease resistance. Key ingredients in shrimp feed include high-protein sources such as fishmeal, soybean meal, and various vitamins and minerals.

The market for shrimp feed is influenced by the increasing focus on sustainable aquaculture practices. Shrimp feed manufacturers are investing in research and development to produce feeds that are more environmentally friendly, with a focus on reducing waste and minimizing the impact on ecosystems. In addition, there is a growing demand for feeds that contain less fishmeal and rely more on plant-based proteins and alternative ingredients to ensure long-term sustainability in shrimp farming. As sustainability becomes a critical factor for both producers and consumers, companies are looking to innovate by incorporating natural additives, such as probiotics, to enhance the health of farmed shrimp and improve feed efficiency.

Geographically, the Asia-Pacific region holds the largest share of the global shrimp feed market, with China, India, and Thailand being major shrimp producers. The demand for shrimp feed in this region is driven by the large-scale shrimp farming operations, as well as increasing government support for sustainable aquaculture practices. North America and Europe also represent significant markets for shrimp feed, with increasing shrimp consumption and the development of aquaculture infrastructure. The Latin American market is also witnessing growth, particularly in Brazil and Mexico, where shrimp farming has been expanding. As the demand for shrimp continues to rise globally, the shrimp feed market is expected to grow, with key trends such as sustainability and improved feed efficiency driving future innovation in this sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Ingredients
    3. Market Snapshot, By Product
    4. Market Snapshot, By Region
  4. Global Shrimp Feed Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Consumer Preferences and Demographics
        2. Competitive Landscape and Market Share Analysis
        3. Technological Innovations and Research Initiatives
      2. Restraints
        1. Environmental Challenges and Sustainability Concerns
        2. Infrastructure Constraints in Emerging Markets
        3. Disease Outbreaks and Health Risks in Shrimp Farming
      3. Opportunities
        1. Growing Demand for Premium and Value-Added Shrimp Products
        2. Technological Innovations in Feed Formulation and Production
        3. Adoption of Precision Nutrition and Digital Solutions in Shrimp Farming
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Shrimp Feed Market, By Type, 2021 - 2031 (USD Million)
      1. Grower
      2. Finisher
      3. Starter
    2. Global Shrimp Feed Market, By Ingredients, 2021 - 2031 (USD Million)
      1. Fish Meal-Based Feeds

      2. Plant-Based Feeds

      3. Soybean Meal-Based Feeds

      4. Wheat-Based Feeds

      5. Corn-Based Feeds

    3. Global Shrimp Feed Market, By Product, 2021 - 2031 (USD Million)
      1. Starter Feeds

      2. Grower Feeds

      3. Finisher Feeds

    4. Global Shrimp Feed Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Archer Daniels Midland Co.
      2. Avanti Feeds Ltd.
      3. BioMar, Cargill Inc.
      4. Charoen Pokphand Foods Public Co. Ltd.
      5. DuPont de Nemours Inc.
      6. Evonik Industries AG
      7. Growel Feeds Pvt. Ltd.
      8. Novozymes AS and Nutreco NV.
  7. Analyst Views
  8. Future Outlook of the Market