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.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 1.4 Billion |
Market Forecast in 2033 | USD 2.0 Billion |
Market Growth Rate 2025-2033 | 3.92% |
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.
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:
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:
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:
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:
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:
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.
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.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Environments Covered | Farmed Shrimp, Wild Shrimp |
Species Covered | Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, Others |
Shrimp Sizes Covered | <21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, >70 |
Distribution Channels Covered | Hypermarkets And Supermarkets, Convenience Stores, Hotels And Restaurants, Online Sales, Others |
Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |