Market Overview
Feed grade shrimp meal, a high-protein supplement made from dried and ground shrimp, is widely used in aquaculture and pet food. Valued at USD 128.80 million in 2023, the market is projected to reach USD 146.25 million by 2030, growing at a CAGR of 2.26% from 2024 to 2030.
Top 10 Companies in Feed Grade Shrimp Meal Market
Seagarden
Marealis
Prohalca
Symrise Aqua Feed
Zhejiang Yifeng Marine Biological Products
[add other notable players as needed]
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Market Segmentation
By Type
Shrimp Byproduct Meal
Whole Shrimp Meal
By Application
Aquaculture
Pets
Others
By Region
Production: China, Southeast Asia, South America, India
Consumption: North America (U.S., Canada), Asia‑Pacific (China, Japan, South Korea, Southeast Asia, India), Europe (Germany, France, U.K., Italy, Russia), Latin America, Middle East & Africa
From Innovation to Demand: Trends Driving Feed Grade Shrimp Meal Market Forward
1. Surge in Aquaculture Production
Growing global consumption of seafood is elevating aquaculture operations, which heavily rely on nutrient-rich shrimp meal as a sustainable protein source.
2. Sustainable Feed Formulations
Shift toward eco-friendly aquafeeds is boosting demand for shrimp meal, valued for its digestibility and lower environmental impact compared to soy or fish meals.
3. Expanding Pet Food Demand
Rising pet ownership and interest in high-quality, protein-rich pet diets are increasing shrimp meal use in premium pet food production.
4. Bioactive Ingredient Innovations
Ongoing research focuses on shrimp meal’s health benefits—such as carotenoids and chitin—that enhance immunity and growth performance in fish and pets.
5. Regional Market Growth
China (2.16% CAGR to 2030) and Southeast Asia (1.98% CAGR to 2030) are seeing steady growth tied to local seafood and livestock sectors.
Breakthrough Trends Shaping Evolution of Shrimp Meal Industry
Environmental and Price Pressures
Fluctuating shrimp raw material costs and tighter processing regulations are driving manufacturers to adopt waste-reduction and sustainable sourcing methods.
Circular Economy Practices
Transforming shrimp processing waste into industrial applications like chitosan, bioactive compounds, and bioplastics increases value beyond feed.
Regulatory Standards Impact
Stricter environmental guidelines on processing and waste disposal are prompting investment in cleaner, compliant production facilities.
Future-Proofing Feed Grade Shrimp Meal: Key Challenges and Opportunities
Raw Material Price Variability
Seasonal shrimp supply and export restrictions can impact input costs; securing stable procurement is essential.
Environmental Regulations
Meeting evolving standards for waste and emissions requires capital investment in processing upgrades.
Value-Added Ingredient Potential
Extracting bioactive compounds for health-focused feed and nutraceutical products presents a high-growth opportunity.
Strategic Market Expansion
Expanding shrimp meal use into pet food and functional nutrition segments can diversify demand and drive premium pricing.
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