Australia Shrimp Market Projected to Reach USD 2.0 Billion by 2033

The latest report by IMARC Group, titled “Australia Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025–2033,” offers a comprehensive analysis of the Australia shrimp market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Australia shrimp market size reached USD 1.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.0 Billion by 2033, exhibiting a growth rate (CAGR) of 3.92% during 2025–2033.

Report Attributes:

• Base Year: 2024

• Forecast Years: 2025–2033

• Historical Years: 2019–2024

• Market Size in 2024: USD 1.4 Billion

• Market Forecast in 2033: USD 2.0 Billion

• Market Growth Rate 2025–2033: 3.92%

For an in-depth analysis, you can refer to a sample copy of the report:

https://www.imarcgroup.com/australia-shrimp-market/requestsample

Australia Shrimp Market Overview

• The market is experiencing steady growth, fueled by rising seafood consumption and increasing health consciousness among consumers.

• Consumers are preferring shrimp as a healthy protein alternative due to its high protein, low fat, and rich omega-3 fatty acids content.

• Sustainable eating trends are influencing demand, with consumers favoring traceable and sustainably produced shrimp.

• Australia’s advanced fishing and aquaculture sectors are adopting improved farming techniques and harvesting methods to meet demand sustainably.

• Government policies and industry efforts are supporting sustainability and ensuring a steady quality supply.

• Export opportunities to Asia and North America, supported by free trade agreements, are expanding the market scope.

• Increasing preference for premium, organic, and value-added shrimp products is shaping product portfolios and market growth.

Key Features and Trends of Australia Shrimp Market

• Adoption of advanced shrimp farming and aquaculture technologies enhancing production efficiency and sustainability.

• Rising investments in cold chain logistics and processing technologies improving product quality and shelf life.

• Expansion of value-added shrimp product offerings such as breaded, cooked, peeled shrimp to cater to convenience-seeking consumers.

• Increasing collaborations between shrimp producers, exporters, and retailers to expand distribution networks.

• Growing focus on certification, traceability, and eco-labeling to meet consumer and regulatory demands.

Growth Drivers of Australia Shrimp Market

• Increasing consumer demand for healthy and protein-rich seafood options.

• Rising global trade and export opportunities, especially in high-demand markets like Asia, Japan, and the USA.

• Advancements in aquaculture technology improving yield and sustainability.

• Growing awareness and adoption of sustainable and traceable shrimp products.

• Government incentives and free trade agreements facilitating international market access.

Innovation & Market Demand of Australia Shrimp Market

• Cultivation of shrimp varieties with enhanced disease resistance and growth rates.

• Introduction of advanced biosecurity measures and environmentally-friendly farming practices.

• Development of convenient, ready-to-cook, and frozen shrimp products responding to fast-paced consumer lifestyles.

• Integration of digital traceability systems providing transparency from farm to fork.

• Expansion of sustainable branding initiatives appealing to eco-conscious consumers.

Australia Shrimp Market Opportunities

• Growing demand for organic and certified sustainable shrimp in domestic and international markets.

• Leveraging Australia’s strategic location for increased exports to Asia-Pacific and North America.

• Development of value-added shrimp products for retail and foodservice sectors.

• Collaborations between industry and research institutions to innovate aquaculture processes and improve yields.

• Exploring niche market segments such as gluten-free, ready-to-eat, and frozen shrimp products.

Australia Shrimp Market Challenges

• Vulnerability to climate variations and environmental factors affecting shrimp farming.

• High operational costs and feed price volatility impacting profitability.

• Regulatory compliance requirements for sustainability and food safety increasing operational complexity.

• Competition from imported shrimp and alternative seafood protein sources.

• Supply chain disruptions and logistics challenges impacting timely delivery.

Australia Shrimp Market Analysis

• The market is balancing traditional fishing with technological innovations in aquaculture.

• Export growth is key to market expansion, supported by quality and sustainability certifications.

• Digital traceability and sustainability remain pivotal for consumer trust and premium pricing.

• Market segmentation by species, size, and distribution channel is helping target niche demands.

• Regional production hubs include Queensland, New South Wales, and Northern Territory with favorable environments.

Australia Shrimp Market Segmentation:

1. By Environment:

• Farmed Shrimp

• Wild Shrimp

2. By Species:

• Penaeus Vannamei

• Penaeus Monodon

• Macrobrachium Rosenbergii

• Others

3. By Shrimp Size:

• <21

• 21–25

• 26–30

• 31–40

• 41–50

• 51–60

• 61–70

• 70

4. By Distribution Channel:

• Hypermarkets and Supermarkets

• Convenience Stores

• Hotels and Restaurants

• Online Sales

• Others

5. By Region:

• Australia Capital Territory & New South Wales

• Victoria & Tasmania

• Queensland

• Northern Territory & Southern Australia

• Western Australia

Australia Shrimp Market News & Recent Developments

• In 2025, Australian shrimp exporters strengthened trade ties with major Asian markets, increasing shipments of premium and organic shrimp varieties.

• Recent investments in farm infrastructure and sustainable practices have improved production capacity and compliance with international standards.

Australia Shrimp Market Key Players

• Tassal Group Limited

• Huon Aquaculture Group Limited

• Clean Seas Seafood Limited

• M&J Seafood Company Pty Ltd

• Norpac Fisheries Pty Limited

• Seafarms Group

• Australian Prawn Farmers Association (APFA)

Key Highlights of the Report

1. Market Performance (2019–2024)

2. Market Outlook (2025–2033)

3. COVID-19 Impact on the Market

4. Porter’s Five Forces Analysis

5. Strategic Recommendations

6. Historical, Current, and Future Market Trends

7. Market Drivers and Success Factors

8. SWOT Analysis

9. Structure of the Market

10. Value Chain Analysis

11. Competitive Landscape Mapping

Note: If you need specific information that is not currently within the scope of the report, IMARC Group offers customization services.

Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=31684&flag=E

FAQs: Australia Shrimp Market

Q1: What is the projected CAGR of the Australia shrimp market from 2025 to 2033?

A: The market is expected to grow at a CAGR of 3.92% during the forecast period.

Q2: Which shrimp species are predominantly farmed in Australia?

A: Penaeus Vannamei and Penaeus Monodon are the major shrimp species farmed in Australia.

Q3: What are the main factors driving the growth of the Australia shrimp market?

A: Rising consumer health consciousness, export opportunities, advancements in aquaculture technology, and sustainability efforts.

Q4: How do free trade agreements impact the Australia shrimp market?

A: FTAs facilitate easier access to international markets, enhancing export volumes and market profitability.

Q5: What are the key challenges faced by shrimp producers in Australia?

A: Climate variability, high operational costs, regulatory compliance, and competition from imports.

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