The global shrimp feed market reached a value of US$ 6.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Shrimp feed is produced so as to fulfil the nutritional requirements of farmed shrimps. It assists in regulating adequate levels of vitamins, minerals, essential amino acids and fatty acids amongst the shrimps. The common components of shrimp feed include fish oil, fish and squid meal, cereal flour and various additives. Shrimp feed helps to improve production cycles, harvest per unit area and profitability while reducing environmental contamination caused by shrimp farming.

One of the primary factors catalysing the growth of the shrimp feed market is changing dietary patterns coupled with the rising health awareness amongst consumers. This has led to a tremendous demand for healthy shrimp, thereby positively influencing the expansion of the market. Moreover, the commercialisation of vannamei shrimp due to a strong demand from both the developing as well as the developed nations has also been driving this demand. Some of the factors further propelling the market are rising disposable incomes, population growth and improving shrimp farming practices.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global shrimp feed market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, ingredients and additives.

Breakup by Type:

Grower
Finisher
Starter

Based on type, the market has been segmented as grower, finisher and starter. Currently, grower shrimp feed dominates the market, holding the largest share.

Breakup by Ingredients:

Soybean Meal
Fish Meal
Wheat Flour
Fish Oil
Others

On the basis of ingredients, soybean meal represents the largest segment.

Breakup by Additives:

Vitamins and Proteins
Fatty Acids
Antioxidants
Feed Enzymes
Antibiotics
Others

Based on additives, the market is segregated as vitamins and proteins, fatty acids, antibiotics, antioxidants, feed enzymes and others. Amongst these, vitamins and proteins exhibit a clear dominance in the market.

Breakup by Region:

Asia Pacific
Latin America
Europe
North America
Middle East and Africa

Region-wise, the market has been segmented into Asia Pacific, Latin America, North America, Europe, and Middle East and Africa. Amongst these, Asia Pacific is the leading market, accounting for the majority of the total global market.

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Charoen Pokphand Foods (CPF), Cargill, Skretting (A Nutreco Company), Biomar, Guangdong Yuehai Feed Group Co. Ltd. etc.

This report provides a deep insight into the shrimp feed market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the shrimp feed industry in any manner.

Key questions answered in this report:

How has the global shrimp feed market performed so far and how will it perform in the coming years?
What are the key regions in the global shrimp feed market?
What has been the impact of COVID-19 on the global shrimp feed market?
Which are the popular types of shrimp feed in the global market?
What are the key ingredients in the global shrimp feed market?
What are the major additives in the global shrimp feed market?
What are the price trends in the shrimp feed market?
What are the various stages in the value chain of the global shrimp feed market?
What are the key driving factors and challenges in the global shrimp feed market?
What is the degree of competition in the global shrimp feed market?
How is shrimp feed manufactured?