Shrimp Feed Market Size and Share

Shrimp Feed Market (2025 - 2030)
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Shrimp Feed Market Analysis by Mordor Intelligence

The shrimp feed market size stands at USD 4.44 billion in 2025 and is forecast to reach USD 5.90 billion by 2030, expanding at a 5.8% CAGR over the period. Robust global seafood demand, the shift toward intensive aquaculture, and steady advances in feed formulation technologies collectively reinforce the sector’s momentum. Asia-Pacific dominates the market, powered by production clusters in Vietnam, India, and China that rely on high-density pond systems requiring precision nutrition. Functional additives, probiotic blends, and insect or algae proteins are gaining ground as regulators tighten antibiotic limits, prompting manufacturers to redesign recipes that safeguard shrimp health while lowering fishmeal dependence[1]European Food Safety Authority, “Scientific Opinion on Probiotic Additives,” efsa.europa.eu. Meanwhile, AI-enabled feeding platforms cut conversion ratios, delivering significant cost savings to farms in Thailand, Ecuador, and Indonesia[2]IEEE Xplore, “Smart Feeding Systems for Aquaculture,” ieee.org. The confluence of sustainability goals and carbon-footprint labeling also favors suppliers that can certify raw materials, opening differentiation avenues for firms.

Key Report Takeaways

  • By feed type, grower feed led with 45.5% shrimp feed market share in 2024, and functional and medicated products are forecast to advance at a 9.0% CAGR to 2030. 
  • By form, pellets held 66.0% of the shrimp feed market size in 2024, while liquid feed is projected to grow at a 10.0% CAGR through 2030. 
  • By shrimp species, Pacific White shrimp commanded 62.5% of the market size in 2024, and Black Tiger shrimp is tracking a 7.6% CAGR over the forecast period. 
  • By geography, Asia-Pacific retained 70.5% of revenue in 2024, and Africa is poised for the fastest 9.8% CAGR through 2030.  

Segment Analysis

By Feed Type: Functional Products Unlock Premium Margins

Grower diets represented 45.5% of the shrimp feed market size in 2024 due to longer grow-out phases in intensive ponds that consume the bulk of rations. Functional and medicated lines, while smaller, are expanding at a 9.0% CAGR because immunity boosters ease mortality fears and attract export premiums. Formulators load beta-glucans, essential oils, and targeted probiotics that cut ammonia and enhance gut health. As a result, farms switching to these blends report 8-12% better feed conversion, underpinning willingness to absorb 25-35% price uplifts. Antibiotic mandates in Europe push Asian exporters to embrace additive-rich recipes, cementing demand upside without breaching drug residue thresholds. 

Starter diets remain critical but niche, serving high-value hatchery windows; they command margin multipliers because formulations must deliver micro-particle stability and vitamin density. Finisher feeds focus on muscle accretion and pigment deposition to hit retail color grades. Although these segments account for less volume, technology efforts target micro-encapsulation and digestibility aids to raise final harvest quality. Balanced portfolios thus help manufacturers hedge volume against value, sustaining overall shrimp feed market growth.

Shrimp Feed Market: Market Share by Feed Type
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By Form: Liquid Innovations Challenge Pellet Dominance

Pellets still shaped 66.0% of the shrimp feed market size in 2024, backed by entrenched extrusion lines and farmer familiarity. Yet liquid alternatives clock a 10.0% CAGR by delivering nutrients via recirculating systems that reduce pond waste. Early adopters in super-intensive Ecuadorian raceways showcase 15-20% lower feed conversion when liquids replace part of the pellet ration. Crumbles serve transitional nursery stages, representing a modest share of volume, while powders cater to supplementation protocols in hatcheries. Regulatory frameworks lag, but pilot approvals in Europe signal a compliance path that should accelerate uptake.

Pellet suppliers are not standing still; binding advances improve sink rate and nutrient retention, narrowing performance gaps. Many dual-line factories now co-produce pellets and liquids, allowing flexible output tailored to farmer system design. As capital budgets loosen, liquid systems gain share in the shrimp feed market, especially where water reuse mandates tighten discharge standards.

By Shrimp Species: Genetics Reshape Demand Allocation

Pacific White shrimp retained 62.5% of the shrimp feed market size in 2024 due to a feed conversion near 1.4 and tolerance for broad salinity ranges. Selective breeding programs deliver lines that resist Vibrio and thrive in inland brackish ponds, widening geographic scope. Black Tiger shrimp impressed with a 7.6% CAGR as genomic tools restored disease resilience and supported premium niche pricing. Formulators adjust amino-acid ratios and pigment blends to match species-specific metabolisms, strengthening brand differentiation. Lesser-produced species such as kuruma shrimp occupy regional pockets where culinary heritage dictates preference, offering short production windows but high price ceilings.

Species diversification insulates growers from market price swings, but raises feed R&D burdens since each genotype optimizes performance under distinct nutrient keys. Multispecies producers, therefore, demand technical service packages alongside feed, favoring suppliers able to run on-farm trials and customize rations swiftly. This capability separates global majors from regional vendors and deepens competitive moats in the shrimp feed market.

Shrimp Feed Market: Market Share by Shrimp Species
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Geography Analysis

Asia-Pacific delivered 70.5% of the shrimp feed market size in 2024, on volumes from China, Vietnam, India, and Thailand, supported by mature infrastructure and dense coastal farming corridors. Governments continue to subsidize pond lining, aeration, and feed management solutions to sustain rural livelihoods and export earnings. As environmental regulations tighten, premium feed formulas that reduce effluent nitrogen gain share, allowing manufacturers to reposition portfolios toward sustainability-linked products. The region persists as the launchpad for AI feeding trials, given concentrated pond clusters that speed collective learning and diffusion. 

Africa, smaller, is projected to advance fastest at 9.8% CAGR during the forecast period as Egypt’s integrated rice-shrimp projects reach scale and Nigeria’s cold-chain build-out unlocks domestic consumption. Feed imports fill near-term gaps, but new mills in Lagos and Port Said plan capacity that will localize supply within five years. Nigeria’s public-private hatchery partnerships improve seed quality, unlocking feed demand by enhancing survival rates. Yet logistics hurdles persist; imported soybean meal and fishmeal must clear congested ports, lengthening lead times. 

South America maintains a disciplined growth path, guided by Ecuador’s world-leading harvest yields that exceed 6 tons per hectare in optimized ponds. Zero-water-exchange systems protect against pathogen ingress and reduce discharge penalties, reinforcing the need for stable, water-friendly feeds. Brazil’s inland farms in Ceará and Rio Grande do Norte offset coastal space constraints, but longer haul distances for feed inputs raise delivered costs. Regional free-trade pacts facilitate ingredient flow from Peru and Chile, cushioning volatility. 

Shrimp Feed Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The shrimp feed market exhibits moderate competition, with major vendors controlling a substantial portion of global revenue. Charoen Pokphand Foods PCL maintains market strength through vertically integrated operations encompassing seed, feed, and processed shrimp. Cargill, Incorporated operates multiple country-specific mills and develops functional feeds incorporating insect protein blends. Nutreco enhances its market position by combining proprietary diets with IoT-enabled pond technology through its Eruvaka acquisition, providing comprehensive precision-feeding solutions. 

Regional manufacturers demonstrate competitive strength by customizing feed formulations for specific water conditions and species requirements. Avanti Feeds Limited in India and Guangdong HAID Group Co., Ltd in China specialize in rapid formulation modifications, supported by technical teams that monitor pond performance. Schouw & Co. has increased its West African market presence by developing pellets suited to local mangrove environments, reducing dependence on generic imports. Recent patent applications focus on encapsulation methods, enzyme incorporation, and algae lipid stabilization, indicating industry movement toward specialized formulations to maintain profit margins.

Market consolidation continues as companies pursue geographical expansion and technical capabilities. Charoen Pokphand Foods PCL's acquisition of Viet Thang strengthens its Vietnamese operations and proximity to Mekong Delta demand centers. BioMar's establishment of Ecuador operations serves the South American market growth while reducing transportation emissions. Ridley Corporation Limited has expanded its ASEAN distribution network to serve distributed pond operations. These strategic developments indicate that market success depends on integrated service capabilities and environmental performance alongside production capacity.

Shrimp Feed Industry Leaders

  1. Charoen Pokphand Foods PCL

  2. Cargill, Incorporated

  3. Nutreco (Skretting)

  4. Schouw & Co.

  5. Guangdong HAID Group Co., Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Shrimp Feed Market
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Recent Industry Developments

  • September 2025: Schouw & Co. (BioMar) and Innovafeed announced large-scale integration of insect protein into commercial shrimp feed in Ecuador (September 2025). Research shows black soldier fly meal provides functional benefits including antimicrobial peptides that improve shrimp health, positioning insect meal as a viable functional ingredient in shrimp feed formulations rather than just a protein substitute.
  • December 2024: Thai Union Feedmill launched organic-certified shrimp feed targeting specialty segments. The product supports sustainable and residue-free shrimp production, catering to the growing demand for high-quality, environmentally responsible feeds in the global shrimp feed market.

Table of Contents for Shrimp Feed Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising global seafood consumption and protein-rich diet preference
    • 4.2.2 Expansion of intensive shrimp aquaculture in Ecuador, India, and Vietnam
    • 4.2.3 Advances in functional additives and immunostimulants
    • 4.2.4 AI-enabled precision feeding systems
    • 4.2.5 Carbon-footprint labeling spurring insect or algae proteins
    • 4.2.6 Disease-resistant post-larvae requiring specialized starter feeds
  • 4.3 Market Restraints
    • 4.3.1 Fishmeal and fish-oil price volatility
    • 4.3.2 Disease outbreaks (EMS, WSSV) disrupting feed demand
    • 4.3.3 Stricter antibiotic and additive regulations in import markets
    • 4.3.4 WTO (World Trade Organization) anti-dumping risk on key amino-acid inputs
  • 4.4 Regulatory Landscape
  • 4.5 Technological Outlook
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Suppliers
    • 4.6.3 Bargaining Power of Buyers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Intensity of Competitive Rivalry

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Feed Type
    • 5.1.1 Starter Feed
    • 5.1.2 Grower Feed
    • 5.1.3 Finisher Feed
    • 5.1.4 Functional / Medicated Feed
  • 5.2 By Form
    • 5.2.1 Pellets
    • 5.2.2 Crumbles
    • 5.2.3 Powder
    • 5.2.4 Liquid Feed
  • 5.3 By Shrimp Species
    • 5.3.1 Pacific White (L. vannamei)
    • 5.3.2 Black Tiger (P. monodon)
    • 5.3.3 Other Species
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.1.4 Rest of North America
    • 5.4.2 South America
    • 5.4.2.1 Brazil
    • 5.4.2.2 Ecuador
    • 5.4.2.3 Rest of South America
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 Russia
    • 5.4.3.4 Rest of Europe
    • 5.4.4 Asia-Pacific
    • 5.4.4.1 China
    • 5.4.4.2 India
    • 5.4.4.3 Vietnam
    • 5.4.4.4 Indonesia
    • 5.4.4.5 Rest of Asia-Pacific
    • 5.4.5 Middle East
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 Rest of Middle East
    • 5.4.6 Africa
    • 5.4.6.1 Egypt
    • 5.4.6.2 South Africa
    • 5.4.6.3 Rest of Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (Includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, and Recent Developments)
    • 6.4.1 Charoen Pokphand Foods PCL
    • 6.4.2 Cargill, Incorporated
    • 6.4.3 Nutreco (Skretting)
    • 6.4.4 Schouw & Co.
    • 6.4.5 Guangdong HAID Group Co., Ltd
    • 6.4.6 Tongwei Group
    • 6.4.7 Avanti Feeds Limited
    • 6.4.8 GROBEST
    • 6.4.9 Guangdong Yuehai Feed Group Co., Ltd
    • 6.4.10 Bern Aqua NV
    • 6.4.11 Ridley Corporation Limited
    • 6.4.12 INVE Aquaculture
    • 6.4.13 Uni-President Enterprises Corp (UPEC)
    • 6.4.14 Thai Union Group PCL

7. Market Opportunities and Future Outlook

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Global Shrimp Feed Market Report Scope

By Feed Type
Starter Feed
Grower Feed
Finisher Feed
Functional / Medicated Feed
By Form
Pellets
Crumbles
Powder
Liquid Feed
By Shrimp Species
Pacific White (L. vannamei)
Black Tiger (P. monodon)
Other Species
By Geography
North AmericaUnited States
Canada
Mexico
Rest of North America
South AmericaBrazil
Ecuador
Rest of South America
EuropeGermany
United Kingdom
Russia
Rest of Europe
Asia-PacificChina
India
Vietnam
Indonesia
Rest of Asia-Pacific
Middle EastSaudi Arabia
United Arab Emirates
Rest of Middle East
AfricaEgypt
South Africa
Rest of Africa
By Feed TypeStarter Feed
Grower Feed
Finisher Feed
Functional / Medicated Feed
By FormPellets
Crumbles
Powder
Liquid Feed
By Shrimp SpeciesPacific White (L. vannamei)
Black Tiger (P. monodon)
Other Species
By GeographyNorth AmericaUnited States
Canada
Mexico
Rest of North America
South AmericaBrazil
Ecuador
Rest of South America
EuropeGermany
United Kingdom
Russia
Rest of Europe
Asia-PacificChina
India
Vietnam
Indonesia
Rest of Asia-Pacific
Middle EastSaudi Arabia
United Arab Emirates
Rest of Middle East
AfricaEgypt
South Africa
Rest of Africa
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Key Questions Answered in the Report

What is the current size of the global shrimp feed market?

The shrimp feed market size is USD 4.44 billion in 2025 and is projected to hit USD 5.90 billion by 2030.

Which region accounts for the largest share of shrimp feed demand?

Asia-Pacific captures 70.5% of 2024 revenue due to high-density farming centers in China, Vietnam, India, and Thailand.

Which feed type is growing fastest through 2030?

Functional and medicated feeds are expanding at a 9.0% CAGR as farmers seek immunity-boosting additives that replace antibiotics.

How are AI systems impacting feed efficiency?

Precision feeding platforms lower feed conversion ratios from roughly 1.7 to 1.3, saving farms up to 20% on feed costs.

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