Shrimp Feed Market Size - By Ingredients, Products, Additives, Shrimp Species, Growth Forecast, 2025 - 2034

Shrimp Feed Market Size

The global shrimp feed market was estimated at USD 4.6 billion in 2024 and is expected to reach USD 7.4 billion by 2034, growing at a CAGR of 4.9% from 2025 to 2034. The recent dynamics and development of the shrimp feed industry has been greatly influenced by the increase in the global market for shrimp products and the intensified practice of shrimp farming. One of the most important factors stimulating this market is the surge in shrimp consumption, which derives from its nutritional value. As the aquaculture industry becomes more effective and environmentally friendly, there is also more focus on the production of high quality nutritionally complete shrimp feed for the cultured shrimp which will improve their growth and health.
 

The industry is undergoing a major transformation due to improvements in feed formulations technology that adds ingredients needed to enhance proliferation and disease resistance in shrimp. The last two decades of shrimp aquaculture have been astonishing and can be connected to the improvements made in shrimp production operations and manufacturing diet quality.
 

Nonetheless, the sector still has major barriers to overcome, especially in biosecurity compliance with feeding practices. In our view, in achieving the best possible quality for shrimp larvae, all rearing protocols must incorporate fresh and live feed as natural supplements.
 

• For instance, SPF shrimp feeds seek to drive systemic changes in shrimp aquaculture biosecurity compliance during feeding at the maturation and larval stages. In the US, they are the only provider in sector who offers live and natural feed for shrimp in both maturation and larval stages with certifiable specific pathogen free SPA status from the University of Arizona's Aquaculture Pathology Laboratory.
   
• Currently, SPF Shrimp Feeds has a new feeding program for larvae, replacing high-risk feed groups which are known vectors of aquaculture microorganisms.
   

Shrimp Feed Market Trends

Increasing global demand for shrimp due to rising seafood consumption: Rising global demand for shrimp alongside seafood intake necessitates the rise in quality shrimp feed production to facilitate the efficient and nourishing production of shrimp. The expanding knowledge concerning the nutrition value of shrimp boosts the demand for sustainably cultivated shrimp, forcing the farmers to invest more in high quality shrimp feed to ensure greater production while meeting the idealistic nutritional requirements.
 

Advancements in aquaculture practices and technologies: Any improvements in aquaculture technologies would hinder the improving efficiency of shrimp farming, thus requiring increasingly trained nutritionally sophisticated feed formulations to maximize shrimp health and growth.
 

Growing awareness about the nutritional benefits of shrimp: Shrimp, once a fear due to its high cholesterol content, has become an increasingly popular dish with growing consumer awareness of its health benefits. Thus, "high-quality" feed has become increasingly desired to ensure continual supply and maximize production while sustainably farmed shrimp for their consumption.
 

Expansion of shrimp farming in emerging markets: With all regions of Asia Pacific and Latin America, the shrimp producing scenario is propelling the insatiable demand for shrimp feed which is on constant increase due to the growing consumption of shrimp all over the world.
 

Because there have been quite notable shifts concerning the environmental impacts associated with a traditional source of fishmeal, alternative sources of protein and other ingredients for the formulation of shrimp feeds are being developed.
 

Furthermore, the Asia Pacific Region still contributes a considerable share of the international shrimp feed market due to the concentration of most shrimp producing countries in the region. However, as aquaculture expands into other areas of the globe, new market entrants can emerge to capitalize on the new trends in shrimp farming. While this is good news, some issues such as the sustainable sourcing of raw materials at reasonable prices present a challenge for many players within the shrimp feed sector.
 

Shrimp Feed Market Analysis

Shrimp feed is one of the many other markets that are recently undergoing dramatic changes. One changing aspect is the development of new environmentally friendly protein sources useful in aquaculture.
 

Moreover, precision aquaculture is emerging which integrates IoT and other data science tools for effective management of feed, water quality, and overall farm operations. Additionally, there is also growing interest concerning additives and functional feed ingredients that improve the health, immunity, and overall, wellbeing of shrimp under stressful conditions.
 

There is an increasing trend of diversification as new non-traditional Asian countries are emerging as new centers of shrimp farming. Unlike earlier, there will be continuous changes in the conception towards the structure of formulation of the feed, which will be the response to the demand of more efficient and balanced nutrition for responsible global shrimp cultivation.
 

The fish meal-based feeds segment was valued at USD 1.8 billion in 2024 and is anticipated to expand about 4.5% of CAGR during 2025 to 2034.
 

For a long time now self-sustaining fish farming has attracted inhabitants’ profiles to create employment while also addressing the problem of overfishing and production of fish-based feed. Self-sustaining systems have increasingly shifted focus on more environmentally sustainable feeds, such as soy protein concentrates, which have notable increases in recent years.
 

Soy based feeds are increasingly popular due to their high protein and soy meal content. You can purchase animal feed based on wheat and corn on the cheap, which is why they are taking over the market.
 

• For instance, The FAO outlines the importance of proper feed formulation for shrimp, highlighting the use of plant and animal feedstuffs like fishmeal, soybean meal, and wheat flour. It emphasizes the need for understanding feed ingredients' proximate composition to meet shrimp's nutritional needs. The article also discusses the role of binders for water stability and the pelleting process. Additionally, it addresses the challenge of formulating cost-effective shrimp feed while ensuring optimal nutrition for growth.
   

Single cell protein is just one of many types of microbial protein, illustrating the expanding scope of protein sources. The introduction of these proteins further confirms the move towards versatility.
 

With the movement of the market focus changing for the better towards supporting and nurturing a well-balanced diet, the combination of traditional diet and sustainable diet will always be met with flux. Also, changes in the shrimp feed market share are bound to occur.
 

• For Instance, manufacturers like, Borregaard's Intact Aqua is an environmentally friendly pellet binder for the aquafeed industry, offering improved water stability and production efficiency. It replaces synthetic binders like PMC/urea formaldehyde, ensuring higher production temperatures and stable operating conditions.
   
• Intact Aqua has a 30% lower climate change impact compared to traditional PMC binders and is cost-effective with reduced energy consumption. The product is designed to enhance pellet quality and meet sustainability goals in shrimp feed production.
   

The grower feeds segment was valued at USD 2.1 billion in 2024 and gained 4.7% CAGR from 2025 to 2034 with the market share of 44.6%.
 

Dietary requirements present at the stage of rapid growth are covered by the grower feeds which focus on the intermediate phase. In the same way, a finisher feed that moderately concentrates on muscles and general maturity in the latter stages captures a considerable market share.
 

The distribution of market share across these categories is affected by the specific growth rates, feed conversion efficiencies, and health benefits that are targeted during the shrimp farming cycle.
 

Furthermore, these shifts in precision aquaculture and advancement in technology change the products that farmers want to more specialized feeds meant for certain growth phases, influencing the detailed market share structures of the shrimp feed market.
 

• For instance, The Cargill shrimp feed uses the Ideal Protein Model (IPM) to balance essential amino acids for optimal digestion, faster growth, shorter cropping cycles, and improved survival rates.
   
• Their feeds fall into categories corresponding to different shrimp life stages, from starter feeds to pre-grower and grower feeds. All are characterized by high protein content, good amino and fatty acid profiles, nutrient balance, and fermentation stability. Cargill also offers a variety of services throughout the life of shrimps, such as consulting, seed selection, farm design, health management, and rationing with feeds.
   
• For example, Nutri Feeds can produce feeds for various shrimp species, including P. vannamei, P. monodon, and scampi. These feeds have been scientifically formulated with specially chosen ingredients that can support the natural shrimp survival, health, and growth under different kinds of conditions.
   
• Finisher feeds are high-energy feeds that contain marine and plant proteins and micronutrients. Formulation is subject to intensive research and auditing by international shrimp nutrition experts to come up with consistent quality and durability and, at the same time, an eco-friendly design. Therefore, Nutri Feeds is working towards building a low-cost farm management system that ensures the disappearance of prohibited substances from shrimp products while allowing the superlatively natural growth of shrimp.
   

U.S. shrimp feed market was valued at USD 1.1 billion in 2024 and expected to grow at a 4.6% CAGR from 2025 to 2034.
 

• Due to the growing expansion of responsibly farmed shrimp, the U.S. market is making changes to its feed offerings by switching to more sustainable and higher quality options.
   
• Current trends suggest that there is a shift towards the usage of plant and algal feedstuffs for shrimp production to lower the use of fishmeal and other associated sustainability issues. Other factors include improvements in feed formulation for shrimp health, growth rates, and feed conversion ratios, as well as the growth in green consumerism within the food sector.
   
• Increased awareness by consumers on the impacts of aquaculture is shifting consumer attention towards lower impact sources of seafood, prompting manufacturers to develop lower-impact eco-friendly shrimp feeds.
   
• The focus for manufacturers has shifted to the adoption of new technologies and nutritional sciences towards improving the value of shrimp feeds while reducing the cost of production and meeting the nutritional requirements of specific shrimp species. Moreover, there is growing competition for some dominant substrates like soy, corn and algae making their availability for the market a critical issue which can have negative consequences on both their cost and supply.
   
• The gap is also being filled by quicker cooperation of the manufacturers with the producers of aquaculture with the aim of fulfilling the requirements of sustainable economic and effective feed formulation bases.
   

Shrimp Feed Market Share

The shrimp feed industry is fuelled by global participants including adisseo group with a revenue of USD 2.2 billion in 2024, Alltech with a revenue of USD 2.6 billion, Avanti feeds with a revenue of USD 642 million, Biomar group, Biomin Holding Gmbh with a revenue of USD 193.7 million in 2024, Each firm contributes their part towards the growth of the regional feed business.
 

Key participants in the shrimp feed industry are integrating sustainability, innovation, and efficiency into the production processes. Leading producers are using plant-based materials, algae, and insect meals as alternative protein sources to lessen the negative environmental impacts of shrimp farming.
 

Charoen Pokphand Foods, Cargill, and BioMar have implemented research and technological investments aimed at improving formulation and cost effectiveness within shrimp production’s growth, health, and feed conversion ratios. These stakeholders are also meeting the responsibility of environmentally and socially friendly uses by adopting traceable sustainable practices to fulfill the growing demand of consumers for sustainably sourced products.
 

Shrimp Feed Market Companies

Major players operating in the shrimp feed industry are:
 

• Adisseo Group: Adisseo is a leader in the world market concerned with feed additives and nutrition solutions, particularly focusing on shrimp health enhancement, growth promotion and feed efficiency optimization through enzyme and amino acid products.
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• Alltech: Alltech is a major industry stakeholder in aquaculture and provides sustainable and natural feed additives for shrimp with special emphasis on organic minerals and probiotics which improve gut health, immunity, and overall performance of shrimp.
   
• Avanti Feeds Ltd: A leading shrimp feed manufacturer, Avanti Feeds is based in India and offers high-quality nutritionally balanced feeds for vannamei and black tiger shrimp. The company has a dominant market presence in Asia.
   
• Biomar Group: Denmark-based BioMar specializes in the production of high-performance, sustainable aquafeeds, with proprietary shrimp feeds developed from nutrition science as well as a strong emphasis on reducing environmental impact.
   
• Biomin Holding GmbH: Shrimp farming operations are enhanced by more resilient and productive feeding using the innovative shrimp feed additives which target gut health, mycotoxin control, diseases, and lower overall sickness available from Biomin, now formed into DSM-Firmenich.
   

Trade Impact

The last burst of U.S. tariffs under President Trump's trade policies greatly affected the global shrimp feed market, resulting in profound consequences for both American stakeholders and global exporters.
 

The U.S. increased tariffs on shrimp feeders from India to 26%, previously set at 10%, as part of Trump's overarching protectionist policies. This shift sought to strike India’s USD 7 billion seafood exporting economy that employs U.S. consumers like Walmart and Kroger. This change has impacted roughly 300,000 Indian farmers. As a Buffet’s offer price decreased by nearly 10%, profitability also began to suffer.
 

To protect its economy and show willingness to negotiate, the European Union (EU) has taken several steps toward retaliation. New tariffs have been put in place by the EU which changes trades with the U.S. to around Euro 18 billion worth. In addition, the U.S. imposed an overall 145% tariff on Chinese imports. Due to this, the cost of Chinese exports increased, disrupting their supply chains and forcing them to look for other markets and suppliers. In response, China placed a 34% tariff on all U.S. imports which is set to start immediately a week after the U.S. tariff announcement.
 

Overall, domestic U.S. shrimpers based in Gulf Coast towns such as Palacios, Texas have supported the efforts to combat the surge of low-priced imports which is simply dragging down shrimp prices and hurting their livelihoods. According to them, it is much more difficult for U.S. shrimpers to stay afloat when foreign producers take advantage of loose labour and regulatory environments.
 

Shrimp Feed Industry News

• In June 2024, Shares of shrimp farming companies Avanti Feeds and Kings Infra Ventures surged by 5-6%, due to expectations of increased global market share for Indian shrimp exporters. A Crisil report forecasts an 8-10% revenue growth for shrimp exporters in FY25 despite global competition. Meanwhile, challenges in Venezuela's largest shrimp-farming company, Grupo Lamar, and Ecuador's over-supply to the U.S. market are expected to benefit Indian exporters. Additionally, La Nina conditions could slow Ecuador's shrimp growth rate in early 2025, further supporting India's prospects.
   
• In June 2024, Apex Frozen Foods and Avanti Feeds saw significant stock price surges, with Apex rising by 16.04% and Avanti by 8.97%. The decline in key feed ingredient prices, such as soymeal and fishmeal, further enhances profitability, making India a more dominant player in the global shrimp market. India's ability to overcome Ecuador's dominance has strengthened its position as a reliable shrimp provider.
   
• In July 2022, Cargill and Continental Grain Company announced the completion of the previously announced acquisition of Sanderson Farms, Inc. (NASDAQ: SAFM) by a joint venture between Cargill and Continental Grain. The acquisition was announced on August 9, 2021.
   
• In May 2020, Cargill said it delivered its first Harvestar feed product from its production facility in Serang, Banten, Indonesia, to customers in Lampung, South Sumatera, and West Java on 24 April. The feed, designed for vannamei shrimp, is made with premium quality raw materials and an immunostimulant.
   

This shrimp feed market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:

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Market, By Ingredient

• Fish meal-based feeds
• Plant-based feeds
• Soybean meal-based feeds
• Wheat-based feeds
• Corn-based feeds
• Others

Market, By Product

• Starter feeds
• Grower feeds
• Finisher feeds

Market, By Additives

• Vitamins
• Minerals
• Probiotics
• Prebiotics
• Antibiotics
• Others

Market, By Shrimp Species

• Pacific white leg shrimp
• Black tiger shrimp
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa