South Korea Shrimp Market

South Korea Shrimp Market Overview:

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.

South Korea Shrimp Market Trends:

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.

South Korea 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 shrimp size. 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:

• Seoul Capital Area,
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others

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.

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.

South Korea Shrimp Market News:

• December 2024: South Korea's Aqua Development partnered with ADQ to launch a pilot land-based shrimp farming facility in KEZAD, UAE. This initiative tested patented, high-yield, modular aquaculture systems, aiming to enhance productivity and sustainability, positively impacting shrimp market innovation and import substitution.

South Korea Shrimp Market Report Coverage:

Key Questions Answered in This Report:

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