South Africa Shrimp Market Size & Outlook, 2026-2033
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South Africa shrimp market highlights
- The South Africa shrimp market generated a revenue of USD 264.5 million in 2025 and is expected to reach USD 425.5 million by 2033.
- The South Africa market is expected to grow at a CAGR of 6.1% from 2026 to 2033.
- In terms of segment, b2b was the largest revenue generating distribution channel in 2025.
- B2C is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
Shrimp market data book summary
| Market revenue in 2025 | USD 264.5 million |
| Market revenue in 2033 | USD 425.5 million |
| Growth rate | 6.1% (CAGR from 2026 to 2033) |
| Largest segment | B2b |
| Fastest growing segment | B2C |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | B2B, B2C |
| 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, South Africa accounted for 0.3% of the global shrimp market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Middle East & Africa, South Africa shrimp market is projected to lead the regional market in terms of revenue in 2033.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 425.5 million by 2033.
B2b was the largest segment with a revenue share of 59.36% in 2025. Horizon Databook has segmented the South Africa shrimp market based on b2b, b2c covering the revenue growth of each sub-segment from 2021 to 2033.
South Africa's growing middle-income population, urbanization, and changing dietary preferences have increased the demand for seafood, such as shrimp, crabs, and catfish. Consumers are seeking healthier and more diverse protein sources. Shrimp is considered a healthy source of protein, low in fat, and rich in essential nutrients.
The growing awareness of shrimp’s nutritional benefits has contributed to its popularity. Freshwater shrimps are widely produced in South Africa. Due to the large number of freshwater resources available in the country, farmers can utilize shrimp farming.
Government initiatives play a crucial role in boosting the South Africa shrimp market by providing support, incentives, and regulatory frameworks that promote the growth and sustainability of the industry. For instance, South Africa has the Aquaculture Development and Enhancement Programme (ADEP), which provides aquaculture businesses with financial support.
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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 |
South Africa shrimp market size, by species, 2021-2033 (US$M)
South Africa Shrimp Market Outlook Share, 2025 & 2033 (US$M)
Related statistics
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