United States Shrimp Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

United States Shrimp Market Analysis

The United States Shrimp Market size is estimated at 8.21 billion USD in 2025, and is expected to reach 8.78 billion USD by 2030, growing at a CAGR of 1.34% during the forecast period (2025-2030).

The United States shrimp market is experiencing significant transformation driven by changing consumer preferences and retail dynamics. The retail landscape has evolved considerably, with approximately 62,000 retail stores nationwide, of which 70-75% maintain dedicated shrimp sections to enhance customer experience and product visibility. Major retailers like Kroger and Publix have expanded their seafood offerings, with around 27,000 stores in 2022 catering to a broader consumer base through improved store layouts and product diversification. This retail expansion has been particularly impactful in urban areas, which account for 56% of the population as of 2022, creating more accessible distribution points for shrimp products.

Digital transformation is revolutionizing the shrimp market's distribution channels, with technology adoption reshaping how consumers purchase seafood products. Approximately 45% of the population now browses seafood products through mobile devices, reflecting the growing importance of digital platforms in purchasing decisions. The integration of online delivery platforms has seen remarkable growth, with an increase of 11 million users between 2020 and 2021, demonstrating the market's rapid digital evolution. Retailers are responding by implementing omnichannel strategies, combining traditional retail presence with digital capabilities to meet evolving consumer preferences.

The foodservice sector plays a crucial role in shrimp distribution, with Americans spending approximately 65% of their seafood budget at restaurants. This trend is particularly pronounced among the younger demographic, including the 18.66 million college students who represent a significant consumer base seeking affordable and convenient dining options. Restaurants are innovating their menus and service models to cater to this demographic, incorporating digital ordering systems, delivery partnerships, and diverse preparation methods to enhance the dining experience and maintain competitive advantage.

The market is witnessing a significant shift in operational strategies, with retailers and distributors focusing on supply chain optimization and inventory management. Supermarkets and hypermarkets are expanding their frozen and fresh shrimp sections, implementing advanced cold storage solutions, and developing more efficient distribution networks. These establishments are also adopting sustainable practices and transparent sourcing policies to meet growing consumer demand for environmentally responsible products. The integration of technology in inventory management and order fulfillment has enabled retailers to maintain optimal stock levels while reducing waste and improving product freshness, particularly in frozen shrimp and processed shrimp categories.

United States Shrimp Market Trends

The lack of shrimp producers is the reason for slow growth

• Commercial shrimp production in the United States saw a slow but consistent growth rate, registering a CAGR of 0.51% from 2017 to 2022. Most of the shrimp is shipped in frozen form across the country or to processing plants where it is aseptically processed and canned to prolong shelf life. Louisiana had 33,554 MT of shrimp in landings in 2021, becoming the country's largest producer, followed by Texas, with a comparative production volume of 29,410 MT, Oregon (21,171 MT), Alabama (11,137 MT), and East Florida (10,403 MT).
• The lack of shrimp producers is one of the main reasons for this slow growth in the country. Texas currently has about six or seven shrimp producers, as unaffordable shrimp imports forced many of them to switch from shrimp cultivation to finfish farming. Lower shrimp feed prices in 2020 encouraged shrimp farmers to invest more in production, resulting in lower prices for the end product. However, post-pandemic, high freight rates, rising marine fuel costs, and logistical disruptions pushed shrimp prices higher. Thus, the average shrimp price in 2022 increased by 7% compared to 2021, to USD 15/kg.
• Feed represents almost 40% of the shrimp production costs. Feed is mostly imported from Asia, as it is costly to set up and own a shrimp feed manufacturing facility in the United States. Investment costs for grow-out facilities in the country have been cited at about USD 64,000 per hectare, with a yield of approximately 2,270 kg per hectare per year. Shrimp feed is imported from countries like India, where the cost of setting up a facility is only around USD 400 per hectare, with an annual yield of 600 kg per hectare. However, shrimp feed manufacturers in the country tend to import raw materials from China to manufacture domestically.

The rising cost of marine fuels and logistical disruptions led to higher prices

• High freight rates, the rising cost of marine fuels, and logistical disruptions, including bottlenecks at seaports and shortages of logistic workers in the United States and Europe, may boost the wholesale prices of shrimps in the country. The demand for shrimp is anticipated to grow rapidly in Eastern and Western Europe and the United States. Rising logistic expenditures are expected to be the main drivers of this spike. Between September 2021 and September 2022, international freight costs from Asia to North America for 20-foot and 40-foot containers rose by 500% and 700% (at USD 13,000 and USD 20,000), respectively, due to supply chain disruptions. This rise resulted in a 15.6% increase in retail prices of shrimps from 2017 to 2022.
• Shrimp sales have increased in recent years, as many restaurants in the United States converted to take-out, online deliveries, and delivery services. Online shrimp sales in the United States increased by 167% in 2020, 42% in 2021, and 30% in 2022, thus showing the growth of the sub-segment. However, trade tensions and tariffs imposed on seafood products by the United States impacted the price increase by 12% in 2022 compared to 2021. Total US imports increased moderately by almost 3.8% from January to June 2022 as the demand for raw products declined. Consumer demand for peeled shrimp, which is commonly used in restaurants, was particularly low. Imports of processed shrimp increased by 29.79% in 2021 compared to the previous year. The United States imported record volumes of shrimp, and almost all varieties witnessed high price levels, even with record volumes being shipped by exporting countries. The United States imported 78,716 tons of shrimp in January 2022, as opposed to 69,653 tons in 2021, for a unit value of USD 5.1 per kg.

Segment Analysis: Form

Frozen Segment in US Shrimp Market

The frozen shrimp segment dominates the United States shrimp market, commanding approximately 64% market share in 2024. This segment's prominence is primarily driven by the cost-effectiveness of frozen shrimp compared to fresh shrimp alternatives, making it an attractive option for both consumers and foodservice operators. The segment's growth is supported by advanced freezing technologies that help maintain product quality and safety for extended periods while reducing contamination risks. Additionally, frozen shrimp offers greater versatility in menu applications and convenience in storage, particularly beneficial for foodservice establishments and retail consumers. The segment is projected to maintain its market leadership while growing at approximately 1.5% CAGR from 2024 to 2029, driven by increasing consumer preference for convenient seafood options and the expansion of cold chain infrastructure across the country.

Remaining Segments in Form Segmentation

The processed shrimp segment represents the second-largest category in the market, offering value-added products that cater to the growing demand for ready-to-cook and convenient seafood options. Fresh shrimp maintains its position as a premium segment, particularly popular among high-end restaurants and consumers seeking the highest quality seafood experience. The canned shrimp segment, while smaller, serves an important market niche by providing long shelf-life products suitable for pantry storage and emergency food supplies. These segments collectively complement the frozen shrimp segment by offering diverse product options that meet varying consumer preferences, preparation requirements, and price points across different distribution channels.

Segment Analysis: Distribution Channel

On-Trade Segment in US Shrimp Market

The on-trade channel dominates the US shrimp market, commanding approximately 56% market share in 2024, driven by Americans' strong preference for dining out and consuming seafood in restaurants. This segment's prominence is attributed to the sophisticated foodservice sector's adoption of technology-based safety precautions, including digital menus and contactless payment systems. The average American spends nearly half of their food budget on dining out, with seafood commanding premium prices in restaurants compared to other food items. The segment's strength is further reinforced by the rising disposable income levels, with the national per capita disposable personal income reaching USD 55,832, enabling consumers to explore exotic cooked shrimp dishes and premium seafood offerings in restaurants.

Off-Trade Segment in US Shrimp Market

The off-trade channel is projected to be the fastest-growing segment in the US shrimp market, with an expected CAGR of approximately 2% during 2024-2029. This growth is primarily driven by the rapid expansion of e-commerce platforms and digital payment solutions, coupled with advanced delivery technologies. The segment's evolution is supported by supermarket chains expanding their refrigerated sections and offering various online services like home delivery and curbside pickup. The increasing adoption of online grocery shopping, supported by a robust internet user base of over 307.2 million people, is fueling this growth. Additionally, the segment's expansion is bolstered by innovative marketing strategies, seasonal promotions, and the rising demand for ready-to-cook and convenience food products among urban consumers.

Free With This Report

We offer a comprehensive and exhaustive set of data pointers. These cover global, regional, and country-level metrics that illustrate the fundamentals of the meat and meat substitutes industry. Clients can access in-depth market analysis through 45+ free charts. This analysis is based on the production of various meat and seafood types, as well as the prices of meat, meat substitutes, and different seafood types. We provide granular-level segmental information, supported by a repository of market data, trends, and expert analysis. Data and analysis on meat types, seafood types, meat substitute types, forms, distribution channels, and more are available. These are provided in the form of comprehensive reports as well as Excel-based data worksheets.