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Written by George Buttler » Updated on: January 13th, 2025
The United States shrimp market size reached a volume of 827.05 KMT in 2024. Driven by the growing demand for seafood, particularly shrimp, due to its perceived health benefits and versatility in culinary applications, the market is expected to continue its upward trajectory. The shrimp market is projected to grow at a compound annual growth rate (CAGR) of 2.40% from 2025 to 2034, with an estimated volume of 1048.41 KMT by 2034.
Shrimp, one of the most popular seafood options in the United States, has become a staple ingredient in both home kitchens and restaurants. Known for its high protein content, low-fat profile, and rich array of essential vitamins and minerals, shrimp is increasingly recognized as a healthy and convenient food choice. In addition to its nutritional value, shrimp is highly adaptable, available in various forms such as frozen, fresh, or processed, and can be prepared in countless ways, which further boosts its popularity among American consumers.
Several factors are driving the growth of the United States shrimp market. The rising consumer preference for seafood as a healthy dietary option is a primary contributor. With growing awareness of the health benefits associated with seafood consumption—such as lower risks of heart disease and higher omega-3 fatty acid intake—shrimp has become a preferred choice for many households. Additionally, the demand for protein-rich food products, coupled with the desire for convenient, easy-to-prepare meals, has further accelerated the market growth.
The increasing trend toward sustainability and eco-friendly products is also having a profound impact on the shrimp market. As consumers become more environmentally conscious, they are increasingly seeking sustainable and responsibly sourced food options. This has led to the rise of certifications such as the Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP), which are recognized for ensuring that shrimp farming practices meet high environmental and social standards. As a result, farm-raised shrimp that are certified as sustainable are becoming more sought after among environmentally aware consumers.
The United States shrimp market is also significantly impacted by its popularity in the restaurant and foodservice sectors. Shrimp is a key ingredient in many dishes, ranging from classic shrimp cocktails to shrimp scampi and shrimp tacos. The versatility of shrimp makes it a favorite in both casual dining and high-end restaurants, further driving demand. Additionally, the increasing preference for international and fusion cuisines, which often feature shrimp in recipes, has expanded the market's appeal.
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In the United States, shrimp is both domestically farmed and imported from other countries. Domestic production has steadily increased in recent years, with the United States becoming one of the leading producers of farmed shrimp, particularly in regions such as the Gulf Coast. However, despite the growth of domestic farming, imports remain a critical component of the shrimp supply chain. The United States imports a significant portion of its shrimp from countries such as India, Thailand, Indonesia, and Ecuador, which are major shrimp producers due to their favorable climates and extensive aquaculture industries.
Importantly, the United States shrimp market faces competition from lower-cost shrimp imports, which continue to exert pressure on domestic producers. Imported shrimp often provide an affordable alternative for consumers and foodservice operators, driving price competition. Nonetheless, domestic shrimp farmers have made strides in improving their production processes and adopting innovative aquaculture techniques to enhance the quality and yield of their shrimp.
One trend that has emerged in recent years is the increasing demand for wild-caught shrimp. While farmed shrimp dominate the market due to their lower cost and consistent availability, wild-caught shrimp, particularly those caught in the U.S., have become highly prized for their natural flavor and sustainable sourcing practices. As consumers continue to prioritize sustainability, wild-caught shrimp has gained traction, especially in premium markets and upscale restaurants.
Technology plays a significant role in driving the efficiency and sustainability of the United States shrimp market. The adoption of new technologies, such as recirculating aquaculture systems (RAS) and advanced feed formulations, is improving the environmental footprint of shrimp farming. These technologies enable shrimp farms to reduce water usage, enhance feed conversion rates, and decrease the reliance on harmful chemicals, thus making shrimp farming more sustainable.
In addition, the United States is seeing increased investment in shrimp farming research and development (R&D) to further enhance productivity and sustainability. Research into disease-resistant shrimp and genetic improvements is helping to increase yields while reducing the risks associated with shrimp farming, such as disease outbreaks and water pollution.
Moreover, as the United States shrimp market continues to demand products that align with sustainable practices, the role of certification programs has gained prominence. These programs ensure that shrimp is responsibly farmed and harvested, with adherence to specific environmental, social, and economic standards. Certifications such as the ASC and BAP have gained consumer recognition, helping consumers make informed choices about the shrimp they purchase.
As consumer preferences evolve, so too does the United States shrimp market. There has been a growing interest in plant-based and alternative protein sources in recent years, driven by concerns over health, animal welfare, and environmental sustainability. While plant-based alternatives have made inroads into the protein market, shrimp continues to maintain its strong position, particularly due to its reputation as a lean protein source and its versatility in various cuisines.
Health-conscious consumers are increasingly aware of the nutritional value of shrimp, which is low in fat, high in protein, and packed with essential nutrients such as selenium, iodine, and vitamin B12. In addition to its health benefits, shrimp’s high versatility in preparation—whether grilled, sautéed, or served in dishes like shrimp salads or shrimp stir-fries—appeals to a broad range of tastes and dietary preferences.
The demand for ready-to-eat and easy-to-prepare shrimp products is also on the rise, particularly among busy households. Pre-cooked, frozen shrimp has gained popularity as it provides consumers with a convenient option for adding high-quality protein to meals without the need for extensive preparation.
The market can be divided based on environment, species, product category, distribution channel, and production and imports.
Market Breakup by Environment
Market Breakup by Species
Market Breakup by Product Category
Market Breakup by Distribution Channel
Market Breakup by Production and Imports
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:
Sustainability has become a central theme within the United States shrimp market, with consumers and suppliers alike placing increasing importance on sustainable sourcing practices. Overfishing, habitat destruction, and environmental damage have been significant concerns in the seafood industry, particularly when it comes to wild-caught shrimp. As a result, there has been a significant shift towards sustainable aquaculture practices in the production of shrimp.
Shrimp farming, particularly in the United States, has evolved to adopt more sustainable and eco-friendly practices in response to consumer demand for responsibly sourced seafood. Certification programs such as the Aquaculture Stewardship Council (ASC) and the Marine Stewardship Council (MSC) have gained prominence in the industry, offering third-party verification that shrimp farms and fisheries meet strict environmental and social standards. As consumers become more environmentally conscious, they increasingly seek out products that carry these certifications, further propelling the demand for sustainably farmed shrimp.
Moreover, the trend towards sustainable seafood is influencing the development of alternative shrimp farming systems. Innovative approaches such as recirculating aquaculture systems (RAS), which recycle water and reduce environmental impact, and integrated multi-trophic aquaculture (IMTA), which promotes biodiversity by cultivating multiple species together, are gaining traction within the shrimp industry. As these methods gain adoption, they are expected to improve the sustainability and profitability of U.S. shrimp farms.
Despite the positive growth trajectory, the United States shrimp market faces several challenges. One of the primary concerns is the volatility of shrimp prices, which are influenced by factors such as fluctuating supply and demand, production costs, and exchange rates. Price instability, particularly in the face of rising production costs, can create challenges for both producers and consumers.
Another significant challenge is the environmental impact of shrimp farming, particularly with regard to water usage, land conversion, and the potential for habitat destruction. While technological advancements are helping to mitigate some of these issues, there is ongoing pressure on the industry to continue improving sustainability practices. Furthermore, concerns about the ethical treatment of workers in shrimp farming operations, particularly in some of the countries that export shrimp to the United States, have led to increased scrutiny from consumers and advocacy groups.
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