Top 12 Companies in the Shrimp Market

The global shrimp market reached a value of US$ 69.0 Billion in 2023. As per the analysis by IMARC Group, the top shrimp companies are focusing on expanding their product portfolios to cater to the rising customer demands regarding product wholesomeness, quality, and sustainability. They are introducing novel shrimp variants and value-added products, such as whole shrimp, varied cuts, coated shrimp, and frozen shrimp. Furthermore, the leading manufacturers are offering a range of ready-to-eat (RTE) items like shrimp-based chips due to the increasing consumer preferences for convenience foods fueled by hectic lifestyles, busy work schedules, and changing dietary habits. In addition, several key players are adopting new vaccines and health management measures, such as advanced pathogen detection techniques, immunostimulants, and probiotics, to prevent disease outbreaks in shrimps. They are also making proactive efforts to improve their production by leveraging a combination of traditional and innovative technologies. Looking forward, IMARC Group expects the market to reach US$ 100.2 Billion by 2032, growing at a CAGR of 4.1% during 2024-2032.

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List of Top Companies Operating in the Shrimp Industry:

The global shrimp market has several major players, including Apex Frozen Foods Ltd, Aqua Star (Admiralty Island Fisheries Inc.), Charoen Pokphand Foods PCL, Grand Ocean Seafoods Co. Ltd, Grupo Ibérica Congelados S.A., Liveris Afentoulis & Co., Mazzetta Company LLC, Nordic Seafood A/S (Nippon Suisan Kaisha Ltd.), Ocean More Foods Co. Ltd, Pacific Seafood, Seaprimexco Vietnam, and Thai Union Group PCL. More information about these companies has been provided below.

1. Apex Frozen Foods Ltd

Establishment:	1995
Headquarters:	Andhra Pradesh, India
Website:	https://apexfrozenfoods.in/

Apex Frozen Foods Ltd is an integrated producer and exporter of high-quality and shelf-stable aquaculture products. The company supplies ready-to-cook (RTC) food items to a diversified customer base comprising retail chains, restaurants, food companies, club stores, and distributors across the developed markets of the USA, the UK, and several European countries. Its product offerings mainly consist of different variants of processed Vannamei shrimp (White shrimp) and the Black Tiger Shrimp (Penaeus monodon). Apex Frozen Foods sells these products under various brands owned by its customers and also through its own brands, including Bay Fresh, Bay Harvest, and BayPremium. Presently, the company has a total cultivable shrimp farming land of 1,032 acres (with 105.78 acres of own land and 926.22 acres of leased land) and operates a processing facility at Kakinada, Andhra Pradesh, with a capacity to process over 9,240 MTPA of finished products.

2. Aqua Star (Admiralty Island Fisheries Inc.)

Establishment:	1990
Headquarters:	Seattle, the United States
Website:	https://www.aquastar.com/

Admiralty Island Fisheries, Inc., d/b/a Aqua Star, is a privately-owned seafood company that offers a range of frozen specialty seafood products. It is also one of the largest retail frozen seafood brands in North America, renowned for its premium taste, assortment, nutrition, and variety. It has a broad product portfolio comprising shrimp, fish, crab, specialty seafood, fillets, and ready-to-cook meals. The company harvests and sources premium seafood from its trusted fishermen and farms. With operations in over 17 countries around the world, Aqua Star aims to source and process the finest products possible while ensuring quality, sustainability, and transparency for all of its seafood offerings.

3. Charoen Pokphand Foods PCL

Establishment:	1921
Headquarters:	Bangkok, Thailand
Website:	https://www.cpfworldwide.com/en/home

Charoen Pokphand Foods PCL is a leading agro-industrial and food conglomerate that operates in the aquaculture (shrimp and fish) and livestock (swine, broilers, layers, and ducks) businesses. The company is vertically integrated and mainly operates via three businesses, including feed, farm, and food. While the feed business is involved in the manufacturing and distribution of animal feed, its farm business is engaged in animal breeding and farming, meat processing, and the manufacturing of semi-cooked and fully-cooked meat. On the other hand, its food business offers an array of processed food items and ready meal products and operates restaurants, retail, and food outlets. Currently, Charoen Pokphand Foods has operations in over 17 countries and sells and exports its products to more than 40 countries across five continents, covering more than 4 billion customers worldwide.

4. Grand Ocean Seafoods Co. Ltd

Establishment:	2004
Headquarters:	Kaohsiung, Taiwan
Website:	http://www.grandoceanseafoods.com/

Grand Ocean Seafoods Co. Ltd is an international manufacturer and supplier of high-quality frozen seafood. The company offers a wide range of squids, shrimps, farm-raised (barramundi, barramundi fillet, catfish, golden pomfret, and Japanese seabass), sea-caught (black pomfret, blue shark, bonito, frigate mackerel, bullet mackerel, horse mackerel, and Japanese scads), and other seafood products. Its main products are produced in a state-of-the-art manufacturing facility located in the south of Taiwan and are sold through distributors in over 110 countries across the North and South American, Europe, Africa, and Asia-Pacific regions. 

5. Grupo Ibérica Congelados S.A.

Establishment:	1981
Headquarters:	Vigo, Spain
Website:	https://www.iberconsa.com/es/

Grupo Ibérica Congelados S.A. is a world leader in the commercialization of southern shrimp and frozen hake. The Group specializes in the field of fishing, processing, and distribution of frozen seafood products. It is a vertically integrated company that controls all stages of the value generation chain, from capturing, processing, and transforming to distributing and marketing its seafood products. Its main products are Southern shrimp, frozen hake, Illex squid, Patagonian, and South African squid. Besides this, it also offers octopus, monkfish, Pacific white clam, surimi, anglerfish tails, sole, black hake, cuttlefish, pomfret, pink hake, skate wings, Brotola, and Pampanito. At present, the company has a presence on five continents and owns a fleet of constantly growing vessels operating in the best fishing grounds, namely Argentina, Namibia, and South Africa. 

6. Liveris Afentoulis & Co.

Establishment:	1971
Headquarters:	Keramoti, Greece
Website:	https://www.afentoulis.gr/en/home/

Liveris Afentoulis & Co. is one of the largest seafood export companies in Greece that is engaged in the processing, marketing, and selling of catches of about 100 fishing vessels. It is one of the first companies in Greece to be approved and certified ISO system and operates under the European Union regulations and in compliance with the HACCP procedures. It has a broad product portfolio comprising black shrimp, red shrimp, sea bass, octopus, anchovy, Mosco, sea bream, sardine, smelt, and mantis shrimp Zavogarida.

7. Mazzetta Company LLC

Establishment:	1987
Headquarters:	Illinois, the United States
Website:	https://www.mazzetta.com/

Mazzetta Company LLC is a leader in the seafood industry and a fully integrated producer, importer, processor, and distributor of premium quality, sustainable frozen seafood. It produces over 100 million lbs. of finished seafood products annually, including shrimp, mussels, lobsters, crab, salmon, mussels, and finfish. The company specializes in identifying, harvesting, processing, and delivering an uninterrupted supply of healthy and fresh fish and shellfish from the finest sustainable resources globally to restaurants, retailers, distributors, and food service organizations across North America. Mazzetta sells its products under the SeaMazz brand, mainly serving the food service, grocery, hospitality, and broadliner markets.

8. Nordic Seafood A/S (Nissui Corporation)

Establishment:	1988
Headquarters:	Denmark, Europe
Website:	https://www.nordicseafood.com/home

Nordic Seafood A/S is one of Europe’s leading distributors of top-quality seafood from the whole world and is owned by Nissui Corporation, one of the global leaders in seafood (fishery, aquaculture, and processing). It is engaged in the importing, packing, and distribution of fresh, cured, and frozen fish and seafood, and it sources seafood from all over the world via its dedicated global supply network. The company offers one of the most comprehensive product ranges in Europe, with stock ranging across over 3,000 varieties of seafood products. Some of its products include cooked shellfish and prawns, fish, fresh fish, raw prawns, ready-to-serve items, shellfish, squid products, and sushi.

9. Ocean More Foods Co. Ltd

Establishment:	2003
Headquarters:	Qingdao, China
Website:	http://www.oceanmore.com/

Ocean More Foods Co. Ltd is a leading frozen food processor and exporter in China specializing in frozen food production and export. Its main line of products includes frozen seafood, frozen vegetable, and frozen fruit. Its frozen seafood product portfolio comprises Tilapia, Vannamei shrimp, Surimi crab sticks, Alaska Pollock, Hake, Cod, Salmon, Yellow fin Sole, Haddock, Saithe, Redfish, Greedland Halibut, Arrowtooth flounder, Squid, Mix seafood, Mussel, Mackerel, Catfish, Pomfret, and Eel. These products can be packed as fillets, loins, portions, and steaks as per the client’s detailed request. The company operates processing plants in Dalian, Qingdao, Ningbo, Zhanjiang, and Haikou in China and currently ships to the EU, Russia, USA, Mexico, Peru, Africa, the Middle East, and other countries.

10. Pacific Seafood

Establishment:	1941
Headquarters:	Oregon, the United States
Website:	https://www.pacificseafood.com/

Pacific Seafood is a family-owned and operated business that provides customers with fresh, sustainable, and high-quality seafood products. It manages all supply chain stages, from harvesting and fishing to processing and distribution. Some of its most popular products comprise Pacific oysters, Dungeness crab, coldwater shrimp, wild salmon, Columbia River Steelhead, and a variety of groundfish, such as rockfish, sole, and pollock. At present, the company employs more than 3,000 people across 40 facilities in three countries, including the United States, Canada, and Chile, and sells its products across the US and the world.

11. Seaprimexco Vietnam

Establishment:	1976
Headquarters:	Ca Mau, Vietnam
Website:	https://seaprimexco.com/

Seaprimexco Vietnam is one of the leading frozen shrimp exporters in Vietnam that supplies more than 6,000 metric tons of high-quality products annually. Its main products include black tiger shrimp, white/pink, vannamei, cat tiger shrimp, [HOSO, HLSO, R.PD, R.PDTO, C.PD, C.PDTO], Nobashi, butterfly, sushi ebi and Itoyori surimi, mixed surimi, Hamo, value-added products, and Tachiuo frozen as IQF and block The company sells its products under the Seaprimexco brand to North America, Japan, EU, Australia, and Northeast-Southeast Asia markets. The company currently operates three factories and produces over 20 types of products and frozen processing and packaging to the order.

12. Thai Union Group PCL

Establishment:	1977
Headquarters:	Samut Sakhon, Thailand
Website:	https://www.thaiunion.com/en

Thai Union Group PCL is a global seafood leader and producer of seafood-based food products. The Group’s primary product categories include ambient seafood, frozen and chilled seafood, value-added products, marine ingredients, and pet care. Its diverse portfolio of seafood products consists of tuna, salmon, shrimp, herring, sardine, lobster, crab, and mackerel. It offers its customers the best quality products packed with flavor and nutrients across three channels: branded retail, private label/original equipment manufacturer (OEM), and food services. The company sells its products locally as well as across North America and Europe under several brand names, including Bellotta, Chicken of the Sea, Fisho, King Oscar, Mareblu, John West, Parmentier, and Sealect. Presently, Thai Union Group owns and operates plant facilities in France, Germany, Ghana, Poland, Portugal, Papua New Guinea, Norway, Seychelles, Scotland, Vietnam, Thailand, and the United States.

Get an inside look at the global shrimp market with exclusive insights, including:

• CAGR projections during the 2023-2028 forecast period
• In-depth information on the factors that will fuel the shrimp market growth in the next five years
• Precise predictions regarding upcoming trends and potential changes in consumer behavior
• Analysis of the shrimp industry's expansion at the global level.
• A thorough review of the market's competitive landscape and detailed information on key players
• Detailed explanations of the challenges that could impede the growth of the shrimp market.

About Author:

Aditi Kumar Senior Content Writer at IMARC Services Private Limited Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels.