Feed Grade Shrimp Meal Market Outlook Driven by Expanding Aquaculture Demand and Projected to Reach USD 3.8 Billion by 2035 at 6.0% CAGR

The Feed Grade Shrimp Meal Market has emerged as a vital component in the global commercial feed industry, fueled by the rising need for protein-rich, sustainable, and cost-efficient feed ingredients. Feed Grade Shrimp Meal Market Size was valued at USD 2,007.3 Million in 2024, and the industry is expected to increase from USD 2,127.8 Million in 2025 to approximately USD 3,800 Million by 2035, registering a CAGR of about 6.0% during the forecast period. Market growth is supported by increasing aquaculture production, enhanced livestock nutrition standards, and the expanding adoption of marine-based ingredients in high-performance feed formulas.

Key Market Drivers

• Growing aquaculture industry requiring high-protein, digestible feed ingredients.
• Rising preference for marine-derived proteins in poultry and livestock feed formulations.
• Increased adoption of sustainable and nutrient-dense feed inputs.
• Higher shrimp processing rates generating abundant raw material supply.
• Improved feed efficiency and growth performance associated with shrimp meal usage.
• Expansion of commercial fish farming and hatcheries across emerging economies.
• Rising consumer demand for nutrient-rich seafood products.
• Increased focus on natural and chemical-free feed alternatives in animal nutrition.

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Key Companies in the Global Feed Grade Shrimp Meal Market include:

Seara Alimentos, Evonik Industries, Cargill, Skretting, Adisseo, Biomin, Golden Prize Canning, BASF, InVivo, Alltech, Nutreco, Green Sea Fisheries, Omega Protein Corporation, Maine Coast Sea Vegetables, Charoen Pokphand Foods

Market Segmentation

By Type

• Sun-Dried Shrimp Meal
• Steam-Dried Shrimp Meal
• Fermented Shrimp Meal
• Blended Marine Protein Meal

By Application / Function

• Aquaculture Feed
• Poultry Feed
• Swine Feed
• Pet Food
• Specialty Livestock Nutrition

By End-User / Distribution

• Commercial Feed Manufacturers
• Aquaculture Hatcheries
• Integrated Farming Operations
• Livestock Farms
• Pet Food Producers

Key Opportunities

• Growing adoption of premium feed in high-value aquaculture species.
• Increasing R&D investments in nutrient-optimized shrimp meal formulations.
• Expanding market potential across Southeast Asia, India, and Latin America.
• Rising demand for alternative protein sources in poultry and pet nutrition.
• Accelerated development of sustainable marine ingredient processing technologies.

Competitive Landscape

The competitive landscape of the Feed Grade Shrimp Meal Market is shaped by a mix of established marine ingredient processors and emerging feed ingredient suppliers. Companies differentiate themselves through product purity, processing technologies, nutritional consistency, and sustainable sourcing practices. Many manufacturers are enhancing capacity to support the rising global demand, while others are prioritizing innovation in drying, fermentation, and nutrient preservation techniques. Competitive strategies also focus on strengthening distribution networks and forming partnerships with aquaculture feed mills to ensure long-term supply reliability.

Regional Insights

Asia-Pacific

Asia-Pacific remains the largest and fastest-growing market, driven by extensive aquaculture activities in countries such as India, Vietnam, China, and Indonesia. Expanding shrimp processing hubs and increased feed consumption further accelerate regional growth.

Latin America

Latin America shows strong progress due to the expansion of fish farming and shrimp processing industries, particularly in Ecuador, Brazil, and Mexico. Investments in export-driven aquaculture are creating new market opportunities for feed-grade ingredients.

North America

North America’s growth is supported by increasing demand for specialty aquaculture feed and the rising popularity of premium pet food and livestock feed formulations incorporating marine proteins.

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Key Market Trends

• Increasing shift toward natural marine proteins over synthetic feed additives.
• Development of enhanced shrimp meal blends for improved digestibility and amino acid balance.
• Growing integration of sustainable and traceable sourcing practices in feed ingredient production.
• Rising use of shrimp meal in advanced aquafeed for premium fish species.
• Technological advancements in shrimp waste utilization to minimize waste and maximize yield.

Future Outlook

The Feed Grade Shrimp Meal Market is expected to maintain strong momentum through 2035, supported by continuous growth in aquaculture and the expanding adoption of marine-based feed ingredients. Emerging markets, technological innovations in processing, and rising demand for nutrient-high animal feed will create substantial opportunities for producers and new entrants. As nutrition quality and sustainability remain top priorities across the feed sector, shrimp meal is positioned to play an increasingly important role in global feed formulations.

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Table of Contents 

SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS 

SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE 

SECTION III: QUALITATIVE ANALYSIS 

SECTION IV: QUANTITATIVE ANALYSIS 

SECTION V: COMPETITIVE ANALYSIS ........ 

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