China Shrimp Market Size & Outlook, 2025-2033
Related Markets
China shrimp market highlights
- The China shrimp market generated a revenue of USD 18,034.2 million in 2024 and is expected to reach USD 27,194.3 million by 2033.
- The China market is expected to grow at a CAGR of 4.7% from 2025 to 2033.
- In terms of segment, b2b was the largest revenue generating species in 2024.
- B2C is the most lucrative species segment registering the fastest growth during the forecast period.
Shrimp market data book summary
| Market revenue in 2024 | USD 18,034.2 million |
| Market revenue in 2033 | USD 27,194.3 million |
| Growth rate | 4.7% (CAGR from 2025 to 2033) |
| Largest segment | B2b |
| Fastest growing segment | B2C |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | B2C, B2B |
| Key market players worldwide | Thai Union Group PCL ADR, Avanti Feeds, High Liner Foods, Surapon Foods, Clearwater Seafoods, Mazzetta Company, Aqua Star, Nordic Seafood, Waterbase, Ocean Direct |
Other key industry trends
- In terms of revenue, China accounted for 24.0% of the global shrimp market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China shrimp market is projected to lead the regional market in terms of revenue in 2033.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,069.5 million by 2033.
B2b was the largest segment with a revenue share of 58.45% in 2024. Horizon Databook has segmented the China shrimp market based on b2c, b2b covering the revenue growth of each sub-segment from 2021 to 2033.
Rising incomes in China have led to an expansion of the middle-income population, which is more inclined to consume seafood, including shrimp, as a part of its diet. Shrimp is a versatile ingredient in Chinese cuisine and is featured in a wide range of dishes, from stir-fries to dumplings, making it a staple in Chinese cooking. The Ecuadorian shrimp industry staged a comeback in the Chinese market during the 17th World Seafood Shanghai International Fair which took place in August 2023.
Key representatives from prominent shrimp exporting firms gathered to reintroduce Ecuadorian shrimp to its primary export destination, China, with the main goal of highlighting the unique qualities of Ecuadorian shrimp and strengthening its presence in this critical market. As part of this event, 16 Ecuadorian companies specializing in shrimp production and export presented their products under the brand name "FIRST CLASS SHRIMP" at the Shanghai New International Expo Centre.
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Shrimp Market Scope
Shrimp Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ocean Direct | View profile | 11-50 | Gardena, California, United States, North America | https://oceandirect.com |
| Nordic Seafood | View profile | 51-100 | Hirtshals, Nordjylland, Denmark, Europe | https://www.nordicseafood.com |
| Aqua Star | View profile | 101-250 | Seattle, Washington, United States, North America | https://www.aquastar.com/ |
| Mazzetta Company | View profile | 11-50 | Highland Park, Illinois, United States, North America | https://www.mazzetta.com |
| Clearwater Seafoods | View profile | 1001-5000 | Bedford, Quebec, Canada, North America | http://www.clearwater.ca/ |
| Surapon Foods | View profile | 1001-5000 | Samut Prakan, Samut Prakan, Thailand, Asia | http://www.surapon.com |
| High Liner Foods | View profile | 1001-5000 | Lunenburg, Nova Scotia, Canada, North America | http://www.highlinerfoods.com |
| Waterbase | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | http://www.waterbaseindia.com/ |
| Avanti Feeds | View profile | 51-100 | Visakhapatnam, Andhra Pradesh, India, Asia | http://www.avantifeeds.com/ |
| Thai Union Group PCL ADR | View profile | 10116 | 72/1 Moo 7, Sethakit 1 Road, Tarsrai Sub-district, Amphur Muang, Samutsakorn, Samut sakhon, Thailand, 74000 | https://www.thaiunion.com |
China shrimp market size, by species, 2021-2033 (US$M)
China Shrimp Market Outlook Share, 2024 & 2033 (US$M)
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