United States Shrimp Market Size, Share, Trends and Forecast | 2034
United States Shrimp Market Outlook
According to the report by Expert Market Research (EMR), the United States shrimp market size attained a volume of 827.05 KMT in 2024. Aided by the increasing demand for seafood products and the growing consumer preference for protein-rich diets, the market is projected to further grow at a CAGR of 2.40% between 2025 and 2034 to reach a volume of 1048.41 KMT by 2034.
Shrimp is one of the most widely consumed seafood products in the United States, valued for its versatility, nutritional benefits, and taste. It is a rich source of protein, omega-3 fatty acids, and essential vitamins and minerals, contributing to its increasing demand among health-conscious consumers. The market is driven by various factors, including rising seafood consumption, advancements in aquaculture techniques, and the expanding food service industry.
Key Market Drivers
One of the primary factors driving the growth of the United States shrimp market is the increasing consumer inclination towards healthy and high-protein diets. With growing awareness about the health benefits of seafood, including improved heart health and reduced risk of chronic diseases, shrimp has gained popularity as a nutritious dietary choice. Furthermore, the shift towards lean protein sources, particularly among fitness enthusiasts and health-conscious individuals, has fueled the demand for shrimp-based products.
The expanding food service industry also plays a significant role in propelling market growth. Shrimp is a staple ingredient in various cuisines, including American, Asian, and Mediterranean, making it a preferred choice among restaurants, hotels, and fast-food chains. The rising trend of dining out and the popularity of seafood-based dishes further contribute to the increasing demand for shrimp in the food service sector.
Additionally, the development of advanced aquaculture practices has significantly boosted shrimp production in the United States. Technological innovations in shrimp farming, such as controlled environment aquaculture and sustainable shrimp breeding techniques, have enhanced production efficiency and product quality. The emphasis on environmentally friendly and sustainable shrimp farming methods is also gaining traction, catering to the growing consumer preference for ethically sourced seafood.
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Emerging Trends and Opportunities
The rising demand for sustainably sourced and organic shrimp presents lucrative opportunities for United States shrimp market expansion. Consumers are increasingly seeking traceable and responsibly farmed shrimp, prompting seafood companies and retailers to adopt eco-certifications such as the Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP) certifications.
The growth of e-commerce and direct-to-consumer seafood delivery services is another notable trend reshaping the U.S. shrimp market. Online seafood platforms have gained popularity, offering fresh, frozen, and ready-to-cook shrimp products to consumers nationwide. The convenience of online seafood shopping, coupled with the availability of diverse product offerings, is expected to drive market growth in the coming years.
Moreover, the innovation in shrimp-based value-added products, including shrimp burgers, shrimp sausages, and ready-to-eat shrimp meals, is expanding the product portfolio in the market. The increasing demand for convenient and easy-to-prepare seafood options is expected to boost the sales of processed shrimp products.
United States Shrimp Market Segmentation
The market can be divided based on environment, species, product category, distribution channel, and production and imports.
Market Breakup by Environment
- Farming
- Processing
Market Breakup by Species
- Penaeus vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
Market Breakup by Product Category
- Peeled
- Shell-on
- Cooked
- Breaded
- Others
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online Stores
- Others
Market Breakup by Production and Imports
- Domestic Production
- Imports
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States shrimp market. Some of the major players explored in the report by Expert Market Research are as follows:
- Aqua Star
- Harbor Seafood
- Eastern Fish Company
- Mazzetta Company, LLC
- Others
Market Challenges
Despite the promising growth prospects, the United States shrimp market faces several challenges. One of the primary concerns is the susceptibility of shrimp farming to environmental and disease-related risks. Shrimp aquaculture is prone to diseases such as Early Mortality Syndrome (EMS) and White Spot Syndrome, which can lead to significant production losses and affect market stability.
Additionally, fluctuations in shrimp prices due to supply chain disruptions, climatic conditions, and international trade regulations pose a challenge to market growth. The dependence on imported shrimp, primarily from countries such as India, Ecuador, and Indonesia, makes the U.S. shrimp market vulnerable to geopolitical and trade policy changes.
Furthermore, growing concerns regarding antibiotic use in shrimp farming and the need for stringent quality control measures have prompted regulatory bodies to impose stricter guidelines on shrimp imports and domestic production. Compliance with these regulations adds to the operational costs for shrimp producers and suppliers.
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