According to the report, the overall market for the global shrimp feed industry valued at USD 4,300.0 million is estimated by the end of 2025. It is expected to increase at a CAGR of 4.2 % and will touch the valuation of USD 6,400.0 million by 2035.
The global shrimp feed market is an integral part of the huge aquaculture industry, which comprises the preparation of specific feeds to sustain balanced growth, health conditions with sustainable solutions. Thus, shrimp feed is formulated towards providing balanced nutrition to various stages of shrimps to ensure their optimal growth and production. Some important players driving growth in the industry internationally are Cargill, Skretting, BioMar, and Nutreco, who are growing through innovative and customized feed offerings. Advances in technology also help address precision feeding and the use of sustainable ingredients to improve efficiency while reducing environmental impact.
These feeds are critical for species like Whiteleg shrimp (Litopenaeus vannamei), which is highly farmed and prized for its fast growth and high potential. More recent trends include the new production technologies for advanced feed types such as extruded and liquid feeds having better nutrient profiles. Other growing trends include the integration of probiotics, prebiotics, and environmentally friendly kinds of feed. The two well-known companies with scientifically-driven nutraceutical production that improves optimal growth and healthier gut include Cargill and Skretting; on the other hand, BioMar is noted to offer several products to focus on the respective growth phases of shrimps. It is expected to grow significantly, between 2025 and 2035. This is against the backdrop of introducing precision nutrition approaches that can optimize growth in shrimp and facilitate immune function aimed at combating the diseases associated with farming.
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Key Takeaways from the Global Shrimp Feed Market Study:
• On April 1st, 2022, BioMar finalized its acquisition of AQ1 Systems, known for its smart acoustic feeding technology for shrimp aquaculture. AQ1 Systems has been delivering advanced feeding solutions by monitoring shrimp feeding activity which helps to minimize the total feed that goes to waste. Integrating these technologies has allowed BioMar to further enhance the productivity of the overall shrimp farm through the implementation of sustainable practices.
• Cooke Inc. acquired Seajoy Seafood Corporation in 2019, which is among the leading vertically integrated shrimp farming companies across Latin America. Seajoy is a brand known for its special kind of shrimp that are produced and raised at some of the highest international standards, including Best Aquaculture Practices and Aquaculture Stewardship Council. This acquisition was a major step for Cooke as the company’s seafood portfolio and footprint in the global shrimp market got wider.
“Manufacturers who pursue certification and accreditations as well as set up innovation hubs and centers for more R&D in the shrimp feed industry will enjoy the higher consumer trust and reliability and will move up the market leadership.”, says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Key Industry Highlights on Shrimp Feed Market
- Market Growth: The shrimp feed industry is experiencing steady growth, driven by rising aquaculture production and increased global seafood consumption.
- Demand Surge: Increasing demand for high-quality shrimp products is propelling innovations in feed formulations.
- Sustainable Practices: Focus on eco-friendly and sustainable feed options to meet environmental regulations and consumer preferences.
- Regional Insights: Asia-Pacific dominates the market, with countries like China, India, and Vietnam as key players in shrimp farming.
- Technological Advancements: Adoption of advanced feed manufacturing technologies to enhance nutrient efficiency and reduce feed wastage.
- Ingredient Diversification: Growing use of alternative protein sources, such as algae and insect meal, to reduce dependence on traditional fishmeal.
- Health Supplements: Increasing incorporation of probiotics, prebiotics, and immune-boosting additives in feed to improve shrimp health and survival rates.
- Economic Impact: The market’s growth is significantly contributing to the economic development of aquaculture-dependent regions.
- Industry Challenges: High feed costs, disease outbreaks, and fluctuating raw material prices remain key challenges.
Estimated Growth Rates by Country
The table below outlines the projected Compound Annual Growth Rates (CAGR) for the top three countries in the shrimp feed industry from 2025 to 2035. Indonesia and China lead the way with notable consumption increases:
| Country | CAGR (2025-2035) | |
| India | 4.9% | |
| Indonesia | 6.0% | |
| China | 5.2% | |
Who is winning?
The competitive dynamics in the Shrimp Feed sector are fuelled by innovation, partnerships, and digitalization, with market players constantly adapting to shifting client demands. Companies are employing technology to provide better feed products manufactured using improved digital technologies. Such platforms enable manufacturers to manage the production processes in real time, optimize the use of feeds to achieve maximum production, and achieve higher productivity. This enhances client relations and broadens the competitive market by creating unique selling points.
Some of these leaders of the Global Food Immunomodulator market are Charoen Pokphand Foods (CP Foods), Cargill, Skretting, Nutreco N.V., BioMar Group, ADM (Archer Daniels Midland), Avanti Feeds Ltd., Thai Union Group, Uni-President Enterprises Corporation, Biomin, De Heus Animal Nutrition, Trouw Nutrition, and Godrej Agrovet.
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Get valuable insights into the Global Shrimp Feed Market:
Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the Global Shrimp Feed industry, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2025-2035. The study categorizes valuable insights into the Global Shrimp Feed Industry based on Ingredient Type, Functionality Type, and Region Type. As per Ingredient Type, the industry has been categorized into Protein Sources, Lipids, Carbohydrates, and Additives. As per Functionality, the industry has been categorized into Growth Promotion, Disease Prevention, Colour Enhancement, Digestive Health support, Breeding and Reproduction, and Others. The study consists of the following regions- North America, Latin America, Western Europe, Eastern Europe, Balkans & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and Middle East & Africa.
Key Segments of the Report
By Ingredient Type:
As per product type, the industry has been categorized into Protein Sources, Lipids, Carbohydrates, and Additives. Binders and Stabilizers
By Functionality:
As per ingredient type, the industry has been categorized into Growth Promotion, Disease Prevention, Color Enhancement, Digestive Health support, Breeding and Reproduction, and Others.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Central Asia, Russia & Belarus, Balkans & Baltic Countries, and Middle East & Africa.
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