The global Feed Grade Shrimp Meal market was valued at US$ 128 million in 2024 and is anticipated to reach US$ 149 million by 2031, witnessing a CAGR of 2.3% during the forecast period 2025-2031.
The feed grade shrimp meal market is experiencing steady growth as aquaculture and livestock industries increasingly adopt high-protein, nutrient-rich feed ingredients. Shrimp meal, derived from shrimp waste and processing byproducts, serves as a sustainable and cost-effective protein source for poultry, fish, and pet feeds. With rising global seafood consumption, expansion of aquaculture, and growing focus on circular economy practices, feed grade shrimp meal is emerging as an important component in animal nutrition.
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What is Feed Grade Shrimp Meal?
Feed grade shrimp meal is a protein-rich powder produced from dried and ground shrimp shells, heads, and other processing byproducts. It contains high levels of crude protein, essential amino acids, minerals, and chitin, making it a valuable additive in animal feed.
Key benefits include:
- High protein content (40–60% depending on processing)
- Natural carotenoids that enhance pigmentation in fish and poultry
- Rich source of calcium and phosphorus for bone development
- Presence of chitin, which supports gut health and immunity in animals
Its sustainable production from shrimp waste also contributes to reduced environmental impact and waste management.
Market Drivers
Growth of Global Aquaculture
Aquaculture is one of the fastest-growing food production sectors worldwide. Shrimp meal is widely used in fish and shrimp farming feeds due to its digestibility and natural nutrient profile.
Rising Demand for High-Protein Animal Feed
Poultry and livestock industries increasingly incorporate shrimp meal as a partial substitute for fishmeal and soybean meal, reducing feed costs while maintaining nutritional quality.
Sustainability and Waste Utilization
As industries focus on sustainable practices, converting shrimp processing waste into valuable feed ingredients supports circular economy initiatives and reduces environmental impact.
Expansion of Pet Food Industry
Pet food manufacturers are incorporating shrimp meal to enhance protein content and natural palatability, particularly in formulations for cats, dogs, and ornamental fish.
Market Segmentation
The feed grade shrimp meal market can be segmented by:
- Source: Whole shrimp, shrimp heads, shrimp shells and tails
- Application: Aquaculture feed, poultry feed, livestock feed, pet food
- Distribution Channel: Direct sales, distributors, online retail
Aquaculture feed remains the dominant application, while pet food is an emerging segment due to premiumization trends.
Regional Insights
- Asia-Pacific dominates the market, led by China, India, Vietnam, Thailand, and Indonesia, where shrimp farming and seafood processing industries are well established.
- North America shows growing adoption in aquaculture and premium pet food sectors. The U.S. also imports shrimp meal for poultry feed applications.
- Europe is expanding steadily, supported by sustainable feed initiatives and demand for natural protein alternatives.
- Latin America has strong potential, particularly in Ecuador and Brazil, which are major shrimp producers.
- Middle East & Africa present opportunities as aquaculture expands to meet rising protein consumption.
Competitive Landscape
The market is moderately fragmented, with regional producers and global feed companies participating. Key players include:
- Santalum International Inc.
- Vinayaga Marine Pet Products
- Charoen Pokphand Foods Public Company Limited
- Green Envirotech Holdings
- Mukka Proteins Limited
- The Scoular Company
These companies focus on sustainable sourcing, improving protein yield, and expanding distribution networks. Some are investing in advanced drying and processing technologies to enhance product quality.
Challenges and Opportunities
Challenges:
- Seasonal fluctuations in shrimp supply
- High variability in nutritional composition depending on processing methods
- Competition from established alternatives like fishmeal and soybean meal
Opportunities:
- Expansion of sustainable aquaculture driving demand for natural feed ingredients
- Rising use in premium pet food formulations
- Growing research into functional properties of shrimp chitin and carotenoids
- Development of standardized processing methods to ensure consistent quality
Future Outlook
The feed grade shrimp meal market is expected to grow steadily as aquaculture and livestock industries expand globally. Future trends will include:
- Increased use of shrimp meal as a sustainable alternative to fishmeal
- Stronger integration into pet food and specialty livestock diets
- Improved processing techniques for higher protein recovery and reduced contaminants
- Wider adoption in emerging economies with growing aquaculture capacity
As industries move toward sustainable, cost-effective, and nutritious feed ingredients, feed grade shrimp meal will play a vital role in supporting global food security and environmental sustainability.
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