Top 5 Shrimp Feed Companies in the World

The global shrimp feed market size reached US$ 6.9 Billion in 2023. The market is primarily driven by the increasing consumption of seafood across the globe. In addition, the escalating demand for shrimp, as it is a rich source of high protein, omega-3, iodine, and phosphorus that offers numerous health benefits, represents another major growth-inducing factor. Besides this, the rising adoption of ready-to-eat (RTE) and easy-to-cook shrimp products is also contributing to the market growth.

As per the analysis by IMARC Group, the top shrimp feed companies are introducing shrimp feed containing health-promoting functional ingredients, such as probiotics, enzymes, and nucleotides, to improve the immune and physiological responses of shrimps. They are also engaging in partnerships and acquisitions to strengthen their market foothold. For instance, in June 2022, Cargill partnered with Innovafeed to provide aquafarmers with innovative and nutritious ingredients, including additives. Besides this, various key players are also investing in facility expansions to expand their consumer base. For instance, Charoen Pokphand Foods (CP Foods) announced raising its ownership in CP Pokphand (CPP), which has aqua feed and livestock operations in China and Vietnam. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Shrimp Feed market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Shrimp Feed Industry:

The global shrimp feed market has several major players, including Charoen Pokphand Group Company, Ltd., Cargill, Incorporated, Nutreco N.V., BioMar Group A/S, and Guangdong Yuehai Feeds Group Co., Ltd. More information about these companies has been provided below. 

1. Charoen Pokphand Group Company Ltd.

 
Charoen Pokphand Group Company, Ltd. (CP Group) is a multinational conglomerate that was founded as a small seed shop and has since grown to become one of the largest companies in Thailand, with operations in more than 30 countries worldwide. It has a diverse range of businesses, including agribusiness, food processing, retail, telecommunications, and real estate. It is one of the largest producers of animal feed in the world and has a significant presence in the poultry, pork, and aquaculture industries. In addition to its food-related businesses, CP Group is involved in the production of energy, with a focus on renewable energy sources like solar and wind power. Moreover, the company is known for its commitment to sustainability and corporate social responsibility, and it has implemented a range of initiatives to reduce its environmental impact.

2. Cargill, Incorporated

Cargill, Incorporated is a multinational corporation and one of the largest privately held companies in the world. It operates in 70 countries and employs over 155,000 people globally. The company is primarily involved in the production and distribution of agricultural commodities, such as grains, oilseeds, and livestock feed. It is also a major producer of food ingredients, including sweeteners, starches, and oils. In addition to its food-related businesses, Cargill is involved in the production and trading of metals, energy, and other commodities.

3. Nutreco N.V.

|Nutreco N.V. is a global animal nutrition and aquafeed company that is a subsidiary of SHV Holdings, a Dutch trading company. It produces and distributes a wide range of animal nutrition products, including premixes, feed additives, and specialty feeds, for various species such as poultry, pigs, dairy cattle, and aquaculture. The company also provides animal health and welfare products and services. Presently, Nutreco operates in over 40 countries and has a strong focus on sustainability and innovation. The company is committed to reducing its environmental impact and promoting sustainable practices in the animal production industry. It has developed a range of sustainable products and services, such as feeds with lower carbon footprints, and has implemented initiatives to reduce waste and improve energy efficiency in its operations.

4. BioMar Group A/S

BioMar Group A/S is a global leader in the production and distribution of high-quality aquaculture feed. It produces a wide range of feed products for various species of fish and shrimp, including salmon, trout, sea bass, sea bream, and shrimp. The company's feeds are formulated to provide the optimal balance of nutrients for each species at each stage of their lifecycle and are designed to promote growth, health, and sustainability. BioMar has also invested heavily in research and development to develop new and innovative feed products and has established partnerships with leading research institutions and universities around the world. Moreover, the company's research and development efforts have led to the development of several groundbreaking feed products, including feeds with lower environmental impact and feeds that support the health and welfare of farmed fish and shrimp.

5. Guangdong Yuehai Feeds Group Co., Ltd.

Guangdong Yuehai Feeds Group Co., Ltd. is a leading animal nutrition company that produces a wide range of feed products for various species of animals, including poultry, pigs, aquatic animals, and pets. The company’s product portfolio includes Poultry feed, Pig feed, Aquatic animal feed, Premixes, Additives, and Concentrates that are designed to be mixed with other ingredients to create a complete feed and improve digestibility, promote gut health, and support immune function.

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