Shrimp Processing Plant

Report Overview:

IMARC Group’s report, titled “Shrimp Processing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue,” provides a complete roadmap for setting up a shrimp processing plant. It covers a comprehensive market overview to micro-level information such as unit operations involved, raw material requirements, utility requirements, infrastructure requirements, machinery and technology requirements, manpower requirements, packaging requirements, transportation requirements, etc. The shrimp processing project report provides detailed insights into project economics, including capital investments, project funding, operating expenses, income and expenditure projections, fixed costs vs. variable costs, direct and indirect costs, expected ROI and net present value (NPV), profit and loss account, financial analysis, etc.

What is Shrimp Processing?

Shrimp processing is the order of activities in preparing shrimp for consumption or sale after harvesting. It entails cleaning, deheading, peeling, deveining, and cooking or freezing the shrimp. The operation is carried out to ensure hygiene, extend shelf life, and meet quality standards for local and export markets. Processing can be manually done or aided by mechanical machines, depending on the size of the operation.

Shrimp Processing Plant: Key Highlights

• End-use Industries: Food and beverage, hospitality, retail, and export trade sectors
• Applications: Used in ready-to-cook meals, frozen seafood products, canned shrimp, and value-added seafood dishes

A shrimp processing plant is a machine hired to clean, peel, devein, and package shrimp for food sale and use. The plant may include machinery like conveyors, peeling machines, graders, freezing machines, and packaging equipment. Sanitation and temperature control at all stages are necessary to preserve product quality as well as compliance with food safety regulations. The plants may include value-addition activities like the cooking or season shrimp. The processing plants for shrimp supply the food service, retail, export, and the manufacturers of ready-to-eat foods.

Shrimp Processing Industry Outlook 2025:

The market for shrimp processing is influenced by several major factors such as rising global consumption of seafood, escalating demand for ready-to-consume and convenient seafood, and increasing global trade. Urbanization and inflating disposable incomes have resulted in consumer demand for high-protein diets, contributing further to consumption of shrimp. Improved processing, freezing, and packaging technologies are enhancing the quality and shelf life of the product, conducive to market expansion. In addition, government assistance to aquaculture and friendly export policies in the world's leading shrimp-producing nations are supporting industry expansion. For example, Indonesia will be producing 578,579 MT of shrimp in 2024, a demonstration of its attempt to consolidate the industry and trigger growth in the world shrimp processing market.

Shrimp Processing Market Trends and Growth Drivers:

Increasing production capacity

The expansion of capacity is among the key drivers of growth for the shrimp processing industry, enabling producers to meet growing demand and enhance supply chain efficiency. In December 2022, Avanti Feeds commenced commercial operations at its new facility in Andhra Pradesh, India, following an INR 125 crore investment. The plant increases 1.75 lakh MT of manufacturing capacity, taking the company's overall shrimp feed manufacturing capacity to 7.75 lakh MT. The strategic upgrade not only enhances the position of Avanti in the shrimp value chain but also benefits the overall processing industry by supplying a stable and higher volume of high-quality feed, which is critical for consistent and large-scale shrimp farming and processing activities.

Expanding product portfolios

Product innovation is one of the main growth drivers for the shrimp processing sector, as companies continually innovate new and value-added products to maintain harmony with shifting consumer tastes and lifestyle demands. Flavor, packaging, and convenience innovations allow manufacturers to differentiate their product and expand to a wider base of customers. For example, SeaPak launched its Southern Style Jumbo Shrimp nationwide in February 2022, giving shoppers a spicy, convenience-cooked seafood choice in the frozen food aisle. These new product launches not only fuel sales in the United States but also contribute to brand building and customer loyalty. With increasing demand for fast, flavorful, and premium seafood, innovation is front and center in business growth and competitiveness.

Latest Industry Developments:

• March 2024: Laitram Machinery expanded its operations through the purchase of Martak's shrimp peeling operation. The strategic acquisition will enhance ability for processing cold-water shrimp and increase Laitram's standing in the global shrimp equipment industry.
• February 2024: Captain Fresh, an Indian seafood platform, has purchased America-based CenSea Inc., a seafood importer. The acquisition will assist the company in boosting its contribution of US revenue to 25–30% to over 50% and grow significantly in the North American market.
• November 2023: Beaver Street Fisheries, Inc. introduced a new member of its Sea Best Seafood Festival line. The new offering, the Steamer Pot, features a New England-style seafood boil with clams, mussels, shrimp, and lobster claws, offering consumers an enjoyable, convenient in-home seafood experience.
• April 2023: Thai Union collaborated with Samut Sakhon City Development to join a marine trash clean-up campaign. The effort demonstrates the company's continued dedication to environmental responsibility and safeguarding local coastal environments.

Leading Shrimp Processing Companies:

Leading manufacturers in the global shrimp processing industry include several multinational seafood companies with extensive processing capacities and diverse product portfolios. Key players include:

• Beaver Street Fisheries
• Dulcich Inc.
• Maruha Nichiro Corporation
• Nippon Suisan Kaisha Ltd
• Thai Union Group PCL

These companies operate large-scale facilities and serve end-use sectors such as food and beverage, hospitality, retail, and export trade sectors.

Shrimp Processing Plant Setup Requirements

Detailed Process Flow:

The manufacturing process is a multi-step operation that involves several unit operations, material handling, and quality checks. Below are the main stages involved in the shrimp processing process flow:

• Unit Operations Involved
• Mass Balance and Raw Material Requirements
• Quality Assurance Criteria
• Technical Tests

Key Considerations for Establishing a Shrimp Processing Plant:

Setting up a shrimp processing plant requires evaluating several key factors, including technological requirements and quality assurance. Some of the critical considerations include:

• Site Selection: The location must offer easy access to key raw materials such as raw shrimp, clean water, ice, packaging materials, and food-grade additives or preservatives. Proximity to target markets will help minimize distribution costs. The site must have robust infrastructure, including reliable transportation, utilities, and waste management systems. Compliance with local zoning laws and environmental regulations must also be ensured.​
• Plant Layout Optimization: The layout should be optimized to enhance workflow efficiency, safety, and minimize material handling. Separate zones for raw material storage, manufacturing, quality assessment, and storage of finished products must be designated. Space for future expansion should be incorporated to accommodate business growth.​
• Equipment Selection: High-quality, corrosion-resistant machinery tailored for shrimp processing production must be selected. Essential equipment includes peeling machines, deveining systems, grading machines, conveyors, freezing units, and packaging equipment. All machinery must comply with industry standards for safety, efficiency, and reliability.​
• Raw Material Sourcing: Reliable suppliers must be secured for raw materials like raw shrimp, clean water, ice, packaging materials, and food-grade additives or preservatives to ensure consistent production quality. Minimizing transportation costs by selecting nearby suppliers is essential. Sustainability and supply chain risks must be assessed, and long-term contracts should be negotiated to stabilize pricing and ensure a steady supply.
• Safety and Environmental Compliance: Safety protocols must be implemented throughout the stages of shrimp processing. Advanced monitoring systems should be installed to detect leaks or deviations in the process. Effluent treatment systems are necessary to minimize environmental impact and ensure compliance with emission standards.​
• Quality Assurance Systems: A comprehensive quality control system should be established throughout production. Analytical instruments must be used to monitor product concentration, purity, and stability. Documentation for traceability and regulatory compliance must be maintained.

Project Economics:

​Establishing and operating a shrimp processing plant involves various cost components, including:​

• Capital Investment: The total capital investment depends on plant capacity, technology, and location. This investment covers land acquisition, site preparation, and necessary infrastructure.
• Equipment Costs: Equipment costs, such as those for peeling machines, deveining systems, grading machines, conveyors, freezing units, and packaging equipment, represent a significant portion of capital expenditure. The scale of production and automation level will determine the total cost of machinery.​
• Raw Material Expenses: Raw materials, including raw shrimp, clean water, ice, packaging materials, and food-grade additives or preservatives, are a major part of operating costs. Long-term contracts with reliable suppliers will help mitigate price volatility and ensure a consistent supply of materials.​
• Infrastructure and Utilities: Costs associated with land acquisition, construction, and utilities (electricity, water, steam) must be considered in the financial plan.
• Operational Costs: Ongoing expenses for labor, maintenance, quality control, and environmental compliance must be accounted for. Optimizing processes and providing staff training can help control these operational costs.​
• Financial Planning: A detailed financial analysis, including income projections, expenditures, and break-even points, must be conducted. This analysis aids in securing funding and formulating a clear financial strategy. 

Capital Expenditure (CapEx) and Operational Expenditure (OpEx) Analysis:

Capital Investment (CapEx): Machinery costs account for the largest portion of the total capital expenditure. The cost of land and site development, including charges for land registration, boundary development, and other related expenses, forms a substantial part of the overall investment. This allocation ensures a solid foundation for safe and efficient plant operations.

Operating Expenditure (OpEx): In the first year of operations, the operating cost for the shrimp processing plant is projected to be significant, covering raw materials, utilities, depreciation, taxes, packing, transportation, and repairs and maintenance. By the fifth year, the total operational cost is expected to increase substantially due to factors such as inflation, market fluctuations, and potential rises in the cost of key materials. Additional factors, including supply chain disruptions, rising consumer demand, and shifts in the global economy, are expected to contribute to this increase.

Capital Expenditure Breakdown:

Operational Expenditure Breakdown:

Profitability Analysis: 

Report Coverage:

Report Customization

While we have aimed to create an all-encompassing shrimp processing plant project report, we acknowledge that individual stakeholders may have unique demands. Thus, we offer customized report options that cater to your specific requirements. Our consultants are available to discuss your business requirements, and we can tailor the report's scope accordingly. Some of the common customizations that we are frequently requested to make by our clients include:

• The report can be customized based on the location (country/region) of your plant.
• The plant’s capacity can be customized based on your requirements.
• Plant machinery and costs can be customized based on your requirements.
• Any additions to the current scope can also be provided based on your requirements.

Why Buy IMARC Reports?

• The insights provided in our reports enable stakeholders to make informed business decisions by assessing the feasibility of a business venture.
• Our extensive network of consultants, raw material suppliers, machinery suppliers and subject matter experts spans over 100+ countries across North America, Europe, Asia Pacific, South America, Africa, and the Middle East.
• Our cost modeling team can assist you in understanding the most complex materials. With domain experts across numerous categories, we can assist you in determining how sensitive each component of the cost model is and how it can affect the final cost and prices.
• We keep a constant track of land costs, construction costs, utility costs, and labor costs across 100+ countries and update them regularly.
• Our client base consists of over 3000 organizations, including prominent corporations, governments, and institutions, who rely on us as their trusted business partners. Our clientele varies from small and start-up businesses to Fortune 500 companies.
• Our strong in-house team of engineers, statisticians, modeling experts, chartered accountants, architects, etc. has played a crucial role in constructing, expanding, and optimizing sustainable manufacturing plants worldwide.