The South Korea shrimp market size reached USD 1.37 Billion in 2024. The market is projected to reach USD 2.03 Billion by 2033, exhibiting a growth rate (CAGR) of 4.03% during 2025-2033. The market is expanding due to increasing demand for locally produced, high-quality seafood and growing investments in sustainable aquaculture technologies. In addition, strong government support and technological innovation continue to strengthen South Korea shrimp market share across domestic supply chains and eco-friendly seafood production systems.
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 1.37 Billion |
Market Forecast in 2033 | USD 2.03 Billion |
Market Growth Rate 2025-2033 | 4.03% |
Tech Innovation Boosting Shrimp Yields
South Korea's shrimp industry is increasingly shaped by the adoption of advanced aquaculture technologies aimed at improving efficiency and output. Traditional farming methods are giving way to controlled systems such as land-based setups and recirculating aquaculture systems (RAS), which allow producers to create optimal conditions for shrimp growth. These modern approaches help regulate water quality, minimize disease outbreaks, and increase harvest reliability. Additionally, the integration of automation and sensor-based monitoring has enabled real-time management of shrimp health and environmental parameters, reducing human error and operational costs. These innovations not only align with sustainability goals but also support South Korea shrimp market growth by enabling year-round, high-yield production. Government and private-sector investments in research are accelerating the shift toward eco-friendly and scalable farming models. As consumer demand grows for traceable and responsibly farmed seafood, the industry is expected to expand further, underpinned by technological solutions that prioritize both quality and environmental responsibility.
Policy Support Fueling Local Expansion
South Korea shrimp market growth is seeing strong momentum thanks to supportive regulatory efforts aimed at building a resilient and self-sufficient aquaculture ecosystem. Authorities are introducing favorable policies, including funding incentives, streamlined licensing, and access to specialized aquaculture zones, which are encouraging private entities to invest in domestic shrimp farming operations. These moves are part of a broader national strategy to enhance food security and reduce dependence on imported seafood. With rising consumer preference for locally sourced shrimp, demand is being driven by concerns over freshness, traceability, and environmental impact. Moreover, environmental standards are guiding producers toward adopting more sustainable methods, including limited water discharge and chemical-free farming. Collaborations between technology providers and local aquaculture firms are also enabling knowledge transfer and operational excellence. Alongside improved infrastructure and supply chain support, these efforts are creating a foundation for long-term growth. The shrimp market in South Korea is poised to benefit from this regulatory and market alignment, positioning it as a key contributor to the country’s evolving seafood landscape.
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:
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:
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:
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 Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others.
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 | Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others |
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) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: