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 growth is driven by rising shrimp consumption globally, expanding aquaculture activities, and enhanced feed variants designed to optimize aquaculture production efficiency.

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 (2024)
• CAGR: 4.7%
• Forecast Period: 2025-2033
• Increasing global population and rising preference for protein-rich diets are major growth drivers.
• Technological advancements in feed formulation and production techniques enhance shrimp farming efficiency and sustainability.
• The product serves larval, juvenile, and adult shrimp with specialized feeds for each stage.
• Asia Pacific leads the market, with additional contributions from Latin America, Europe, North America, and the Middle East and Africa.
• Challenges include raw material price volatility, environmental concerns of intensive farming, and disease outbreaks, creating opportunities for innovation.

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Market Growth Factors
• Rising global population and increasing preference for protein-rich diets drive shrimp consumption, boosting demand for shrimp feed.
• Advancements in aquaculture improve production efficiency and output, supporting overall market growth.
• Technological progress in feed formulation, such as precision nutrition and functional feeds, supports sustainable shrimp farming by optimizing feed utilization and improving shrimp health and growth.
• Specialized formulations tailored to various shrimp growth stages ensure optimal health, growth, and feed conversion efficiency from larval to adult phases.

Market Segmentation
Breakup by Type:
• Grower: Dominates the market; formulated for juvenile shrimp to optimize growth and survival.
• Finisher: Supports mature shrimp nearing harvest; enhances weight gain and product quality.
• Starter: Designed for newly hatched postlarvae to support early-stage development.

Breakup by Ingredients:
• Soybean Meal: Leading ingredient due to high protein content, cost-effectiveness, and sustainability.
• Fish Meal: Valued for high-quality protein and micronutrients despite sustainability concerns.
• Wheat Flour: Provides carbohydrates and acts as a binder to complement protein ingredients.
• Fish Oil: Supplies essential omega-3 fatty acids for growth and health.
• Others

Breakup by Additives:
• Vitamins and Proteins: Largest segment supporting metabolism, immunity, and growth.
• Fatty Acids: Essential for tissue development, immune function, and reproduction.
• Antioxidants: Maintain shrimp health and preserve feed quality.
• Feed Enzymes: Improve digestibility and nutrient absorption.
• Antibiotics: Use is increasingly regulated to support responsible aquaculture.
• Others

By Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Regional Insights
Asia Pacific leads the shrimp feed market due to its dominant role in global shrimp farming. Countries including China, India, Vietnam, Thailand, and Indonesia benefit from favorable climatic conditions, strong aquaculture infrastructure, and technological advancements in feed formulations. The region’s large coastline, abundant water resources, and growing consumer demand position it as the global market leader.

Recent Developments & News
• December 18, 2023: Charoen Pokphand Group Company, Ltd signed an MoU in Tokyo with Mitsubishi Corporation's Power Solution Group to reduce carbon emissions in Thailand's manufacturing sector.
• January 24, 2024: Avansya, a joint venture of Cargill and dsm-firmenich, received positive safety opinions from EFSA and UK FSA for its EverSweet® stevia sweetener, nearing commercial availability in the EU and UK.
• November 9, 2023: Nutreco N.V expanded its research campus in the Netherlands by adding a dairy facility to support sustainable farming innovations.

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

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