Australia Shrimp Market

Australia Shrimp Market Overview:

The Australia shrimp market size reached USD 1.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.0 Billion by 2033, exhibiting a growth rate (CAGR) of 3.92% during 2025-2033. The growing seafood demand, export opportunities, and aquaculture advancements are driving the Australia shrimp market share. Additionally, increasing health consciousness, rising global trade, and improved farming techniques are improving production, strengthening sustainability, and expanding the market growth.

Australia Shrimp Market Trends:

Growing Seafood Demand

The escalating demand for seafood in significantly influencing the Australian shrimp market outlook. As consumers are becoming more health-conscious, they are increasingly choosing seafood including shrimp, as a healthier protein alternative. Shrimp is high in protein, low in fat, and packed with essential nutrients like omega-3 fatty acids, making it a preferred choice for individuals focused on balanced nutrition. Additionally, the growing trend of sustainable eating is influencing consumption patterns. Shrimp is viewed as a more environment friendly protein compared to traditional meat sources, further fueling its popularity. Australian consumers are particularly inclined toward seafood that is traceable and sustainably produced, aligning with the nation’s increasing focus on environmental responsibility. Australia’s strong fishing and aquaculture sectors are well-positioned to meet this rising demand through advanced farming techniques and improved harvesting methods. These innovations ensure a steady supply of high-quality shrimp while maintaining sustainability standards. Reflecting this stability, Australia’s fisheries and aquaculture production is projected to remain steady between 2024–25 and 2028–29, with an average value of $3.48 billion. As the seafood industry continues to expand, shrimp remains a key contributor, reinforcing its role in both domestic consumption and the broader market.

Export Opportunities

Australia’s strategic location in the Asia-Pacific region positions it as a key shrimp exporter to high-demand markets such as Japan, China, and the United States. The rising global consumption of seafood, combined with Australia’s reputation for high-quality, sustainably sourced shrimp, is strengthening its competitiveness in the international market. Trade agreements and reduced tariffs are further facilitating shrimp exports. With established free trade agreements (FTAs) with major economies, Australian shrimp exporters can access foreign markets with fewer restrictions. This is improving profitability, encouraging investments in shrimp farming and processing facilities, and contributing to Australia’s strong trade performance, reflected in its $54.8 billion goods and services surplus in 2023–24. In addition, the growing preference for premium and organic seafood in international markets is further strengthening the Australian shrimp market growth. Consumers, particularly in Asia and North America, are willing to pay higher prices for sustainably farmed shrimp, giving Australian producers a competitive advantage. As export opportunities expand, the shrimp industry is scaling up production to meet foreign demand. This growth is driving advancements in aquaculture techniques, improving supply chain efficiency, and solidifying Australia’s position as a leading shrimp exporter in the global seafood industry.

Australia Shrimp Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on environment, species, shrimp size, and distribution channel.

Environment Insights:

• Farmed Shrimp
• Wild Shrimp

The report has provided a detailed breakup and analysis of the market based on the environment. This includes farmed shrimp and wild shrimp.

Species Insights:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

A detailed breakup and analysis of the market based on the species have also been provided in the report. This includes Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, and others.

Shrimp Size Insights:

• <21
• 21-25
• 26-30
• 31-40
• 41-50
• 51-60
• 61-70
• >70

The report has provided a detailed breakup and analysis of the market based on the shrimp size. This includes <21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, and >70.

Distribution Channel Insights:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes hypermarkets and supermarkets, convenience stores, hotels and restaurants, online sales, and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Shrimp Market News:

• In January 2024, Australian biotech company Genics launched Shrimp MultiPath2.0, a technology that detects 18 shrimp pathogens early, weeks before visible symptoms appear. This advancement helps farmers proactively manage diseases, potentially preventing significant losses. By improving disease control, the technology supports the sustainability and productivity of the Australian shrimp market, ensuring healthier stock and higher-quality products.

Australia Shrimp Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia shrimp market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia shrimp market on the basis of environment?
• What is the breakup of the Australia shrimp market on the basis of species?
• What is the breakup of the Australia shrimp market on the basis of shrimp size?
• What is the breakup of the Australia shrimp market on the basis of distribution channel?
• What are the various stages in the value chain of the Australia shrimp market? 
• What are the key driving factors and challenges in the Australia shrimp market?
• What is the structure of the Australia shrimp market and who are the key players?
• What is the degree of competition in the Australia shrimp market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia shrimp market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia shrimp market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia shrimp industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.