Philippines Shrimp Market

Philippines Shrimp Market Overview:

The Philippines shrimp market size reached USD 323.42 Million in 2024. The market is projected to reach USD 472.78 Million by 2033, exhibiting a growth rate (CAGR) of 3.87% during 2025-2033. The market is expanding due to higher domestic seafood consumption and stronger export activity. In addition, a focus on better hatchery practices and sustainable farming continues to support Philippines Shrimp market share across local households, restaurants, and international trade channels.

Philippines Shrimp Market Trends:

Growing Demand and Export Gains

Local appetite for shrimp is boosting as more households include seafood in daily meals and restaurants highlight shrimp dishes on their menus. This steady need supports Philippines shrimp market growth and encourages farmers to boost supply. Beyond domestic buyers, farmers are exploring new export routes. Many smaller producers are now teaming up with larger processing companies that help them meet strict health and safety rules required by international markets. Because of this, more Philippine shrimp are reaching places like Japan, the US, and South Korea. Recent upgrades in cold storage and transport networks have helped keep shrimp fresh during shipping, adding value for sellers. Farmer groups have also formed cooperatives to buy feed and supplies at better prices, making production less costly. Local governments continue to run training on how to keep ponds clean and shrimp healthy, which helps farmers avoid big losses during weather changes. New hatcheries producing stronger young shrimp are making survival rates higher too. Altogether, these steps keep the local shrimp sector competitive at home and abroad, giving producers more reasons to improve their farms and keep up with global standards.

Focus on Responsible Shrimp Practices

A clear trend shaping the Philippines shrimp market growth is a move to more eco-friendly ways of raising shrimp. Farmers are working on lowering chemical use and testing feeds that help shrimp grow well without harming ponds and nearby water sources. Some shrimp growers have started using probiotics and natural additives to protect shrimp from diseases while keeping the environment healthy. In coastal areas, community groups are trying out water reuse systems and better waste control to stop runoff from hurting nearby fishing spots. With help from government and development groups, more farms are adding pond liners and practicing stricter cleaning to lower the risk of diseases that have caused problems before. Larger shrimp exporters are aiming to get certifications that show they follow safe and sustainable methods, making it easier to send shrimp to high-value buyers overseas. These improvements help build trust with global customers who want to know their shrimp comes from responsible farms. The gradual shift to cleaner shrimp farming gives farmers more stable harvests and supports long-term income for workers and families who depend on this growing local industry.

Philippines Shrimp Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and 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

The report has provided a detailed breakup and analysis of the market based on the species. 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 sourcing. 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:

• Luzon
• Visayas
• Mindanao 

The report has also provided a comprehensive analysis of all the major regional markets, which include Luzon, Visayas, and Mindanao.

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.

Philippines Shrimp Market News:

• June 2025: The climate-smart shrimp fund supported projects in the Philippines promoting sustainable shrimp farming. By using smart aeration, renewable energy, and better feed practices, it helped farmers cut environmental impact, restore mangroves, and secure long-term gains for the local shrimp sector.
• May 2025: SEAFDEC/AQD harvested 600,000 black tiger shrimp larvae at its biosecure hatchery in Iloilo under the “Oplan Balik Sugpo” program. This strengthened local broodstock, cut import reliance, and supported healthier production, boosting the Philippines shrimp sector’s disease resilience and farm profits.

Philippines Shrimp Market Report Coverage:

Key Questions Answered in This Report:

• How has the Philippines shrimp market performed so far and how will it perform in the coming years?
• What is the breakup of the Philippines shrimp market on the basis of environment?
• What is the breakup of the Philippines shrimp market on the basis of species?
• What is the breakup of the Philippines shrimp market on the basis of shrimp size?
• What is the breakup of the Philippines shrimp market on the basis of distribution channel?
• What is the breakup of the Philippines shrimp market on the basis of region?
• What are the various stages in the value chain of the Philippines shrimp market? 
• What are the key driving factors and challenges in the Philippines shrimp market?
• What is the structure of the Philippines shrimp market and who are the key players?
• What is the degree of competition in the Philippines 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 Philippines shrimp market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Philippines shrimp market.
• Porter's Five Forces analysis assists 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 Philippines 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.