The global frozen shrimp market is entering a decade of growth.

Data from the Vietnam Association of Seafood Exporters and Producers (VASEP) shows that the market is expected to surge from approximately USD 18.7426 billion in 2025 to USD 32.8473 billion in 2035.

This growth implies a compound annual growth rate (CAGR) of about 5.8% over the next decade.

In terms of market size, the industry is expected to grow by approximately 75.3% by the end of the forecast period, further solidifying the core position of shrimp in global seafood trade.

The value of the frozen shrimp market is expected to increase from approximately USD 187.426 billion in 2025 to USD 328.473 billion in 2035, with headless and deveined shrimp being the primary category, accounting for an estimated 46.3% of the market share.

Retail distribution of frozen shrimp will occupy the largest share, at 58.7%, with supermarkets and hypermarkets remaining key sales terminals, accounting for a market share of 41.9%.

The Asia-Pacific region is the core production area for frozen shrimp, with regions such as Vietnam, India, Ecuador, and Thailand heavily investing in expanding farming scale, particularly the Litopenaeus vannamei species.

Industry giants are strengthening their control through vertical integration, covering the entire chain from feed processing to finished product production.

Leading companies by market share include: Thai Union Group, CPF (C.P. Group), and Sea Value.

These companies are driving the industry towards the transformation of "high-value-added" products, extending from basic raw shrimp to higher-profit categories such as seasoned shrimp, breaded shrimp, and tempura shrimp.