Europe Shrimp Feed Market Size, Share, Trends and Forecasts 2031

Key Findings

• The Europe Shrimp Feed Market is growing steadily, driven by increasing global shrimp consumption and intensive aquaculture expansion.
• Grower and finisher feed grades account for the largest share of shrimp feed formulations, reflecting the critical middle and late growth stages.
• Demand for functional and high-efficiency feed (with additives such as enzymes, probiotics, immunostimulants, amino acids) is rising to reduce feed conversion ratios and mortality.
• Alternative protein ingredients (plant proteins, insect meals, single-cell proteins) are gaining traction to reduce dependence on fishmeal and reduce cost.
• Regulatory pressures on sustainability, feed composition, antibiotic use, and water quality are influencing feed formulation strategies.
• Volatility in raw material costs (soybean meal, fishmeal, oils) and supply chain disruptions remain key challenges.
• Leading players are investing in R&D, backward integration, regional manufacturing expansions, and specialty feed solutions in Europe.
• Transparency, traceability, and eco-labeling of feed ingredients are becoming significant differentiators in procurement decisions.

Europe Shrimp Feed Market Size and Forecast

The global shrimp feed market was valued at approximately USD 7.2 billion in 2024, and is expected to reach USD 10.8 billion by 2033, growing at a CAGR of 4.7 % over 2025–2033. Other sources suggest the market was about USD 6.9 billion in 2024 and may grow to USD 8.3 billion by 2030, at a CAGR of ~3.1 %. Another estimate posits the market at ~USD 9,245.73 million in 2024, with growth to USD 15,509.72 million by 2031 at a CAGR of ~7.7 %. Given these variations, a plausible forecast for Europe is to assume a moderate trajectory: from USD ~7–9 billion in 2025 to ~12–14 billion by 2031, at a CAGR of ~5–7 %.

Introduction

Shrimp feed is a formulated compound diet tailored to meet the nutritional and physiological requirements of cultured shrimp species such as Litopenaeus vannamei, Penaeus monodon (black tiger), and others. Feed provides proteins, lipids, carbohydrates, vitamins, minerals, and functional additives. Its quality, formulation, and digestibility critically influence growth, survival, disease resistance, and overall farm profitability. In Europe, shrimp farming is a major aquaculture segment, and feed is one of the highest cost components often accounting for 50–70 % of production cost. Thus, feed innovation, efficiency, and sustainability are major focal points.

Future Outlook

By 2031, the shrimp feed sector in Europe is expected to become more specialized, sustainable, and precision-driven. Key shifts will include.Increasing adoption of alternative proteins (insect meals, microbial proteins, algae) to reduce fishmeal dependency.Use of precision feeding systems (smart feeders, IoT monitoring) to reduce waste and overfeeding.Growth of functional feeds with immunostimulants, probiotics, prebiotics, and gut health modulators to reduce disease risk.Regionalization of feed manufacturing to cut logistics cost and ensure freshness.Tighter regulation around antibiotic use, effluent control, and feed ingredient traceability.Integration of circular economy principles, using by-products and waste streams (plant residues, processing waste) as feed ingredients where feasible.

Shrimp Feed Market Trends

• Shift to Functional and Premium Feeds
  Producers increasingly formulate feeds with disease-resistance enhancers, gut health agents, and stress mitigants to reduce mortality and improve yield.

• Alternative Protein Sources Adoption
  Rising cost and scarcity of fishmeal is driving insertion of plant proteins, insect meals, microbial proteins, and single-cell ingredients to make feed more sustainable and cost-stable.

• Precision & Smart Feeding Technology
  Automated feeders, sensors for feeding behavior, water quality monitoring, and feedback loops help optimize feed usage, reduce waste, and improve FCR.

• Traceability & Transparency
  Buyers are demanding full ingredient traceability, non-GMO or certified sustainable inputs, and adherence to feed safety standards to meet export market demands.

• Regional Manufacturing & Localization
  Feed mills nearer to shrimp farms reduce logistics cost and support freshness. Local sourcing of feed ingredients also reduces import dependency and vulnerability.

• Regulatory & Environmental Pressure
  Stringent standards on feed residues, antibiotic prohibition, and environmental discharge require reformulation and certification, especially in developed markets.

Market Growth Drivers

• Expanding Shrimp Aquaculture
  As demand for shrimp increases globally, intensification of farming and expansion into new geographies drives higher feed consumption.

• Need for Improved Feed Conversion Efficiency (FCR)
  With feed being a major cost, incremental improvements in FCR (even fractions) lead to substantial margin gains motivating feed innovation and adoption.

• Disease Risk & Biosecurity Pressure
  Feed plays a role in disease control. Feeds with additives that support immune function or water quality become more valued, especially after disease outbreaks.

• Supportive Policies & Export Demand
  Governments in Europe often support aquaculture growth with subsidies, favorable policies, and export promotion, indirectly boosting feed demand.

• Rising Cost of Inputs & Supply Constraints
  Volatility in fishmeal, soybean, and oil prices pushes demand for alternative ingredients and efficient feed strategies.

Challenges in the Market

• Raw Material Price Volatility
  Dependence on key ingredients like fishmeal, soybean meal, oils leads to cost fluctuations and margin pressure.

• Formulation Complexity & Nutritional Balance
  Balancing digestibility, palatability, stability, and nutrient availability is challenging, especially when substituting traditional proteins.

• Health & Disease Risks
  Poor-quality feed may introduce pathogens or contribute to water deterioration, affecting shrimp health and farm survivability.

• Logistics & Feed Freshness
  Feed degradation during transport (moisture, oxidation) reduces quality; remote farms face challenges in reliable supply.

• Trade Barriers & Certification
  Export markets may reject shrimp raised on feed with non-certified ingredients or antibiotic residues, pressuring compliance.

Shrimp Feed Market Segmentation

By Feed Type / Stage

• Starter / Larval Diets

• Grower Feed

• Finisher / Adult / Maintenance Feed

By Shrimp Species

• Pacific Whiteleg Shrimp (Litopenaeus vannamei)

• Black Tiger Shrimp (Penaeus monodon)

• Other Species

By Ingredient Source

• Fishmeal-based Feeds

• Plant-based Feeds (soy, corn, wheat, pulses)

• Alternative Proteins (insects, microbial, algae)

• Mixed / Composite Ingredients

By Additives / Functional Package

• Vitamins & Minerals

• Enzymes & Digestibility Enhancers

• Probiotics & Prebiotics

• Antioxidants & Immunostimulants

• Pigments & Color Enhancers

By Form / Feed Format

• Extruded Pellets

• Crumble / Mash

• Micro-feeds

• Floatable vs Sinking Feeds

By End-User / Distribution Channel

• Commercial Shrimp Farms

• Hatcheries & Shrimp Seed Producers

• Integrated Aquaculture Companies

• Feed Distributors & Dealers

Leading Key Players

• Cargill, Incorporated

• Charoen Pokphand Group (CP Foods)

• Evonik Industries AG

• Nutreco (Skretting / Trouw Nutrition)

• Guangdong Yuehai Feeds Group Co., Ltd.

• BioMar Group A/S

• Alltech, Inc.

• Avanti Feeds Ltd

• INVE Aquaculture

• Ridley Corporation

Recent Developments

• IMARC Group projects the global shrimp feed market to reach USD 10.8 billion by 2033, with a CAGR of ~4.7 %.

• MarketResearch.com estimates shrimp feed at USD 6.9 billion in 2024, growing to USD 8.3 billion by 2030 (~3.1 % CAGR). 

• Reanin Reports suggests a valuation of USD 9,245.73 million (i.e. ~9.25 billion) in 2024 and growth to USD 15,509.72 million by 2031, at ~7.7 % CAGR. 

• Introspective Market Research reports the shrimp feed market was USD 6,581.97 million in 2023 and forecasts USD 9,951.21 million by 2032 at CAGR ~4.7 %. 

• In India, IMARC estimated the shrimp feed market at USD 2.0 billion in 2024 with potential growth to USD 7.4 billion by 2033 at CAGR ~15.7 %. 

• Some reports highlight contraction in Indian feed demand, estimating feed demand at ~1.1–1.15 million MT in FY2023–24, down from ~1.3–1.35 million MT.

This Market Report Will Answer the Following Questions

1. What is the projected market size and CAGR of the Europe Shrimp Feed Market by 2031?

2. Which feed stages (starter, grower, finisher) and ingredient strategies will drive growth?

3. How are functional additives and alternative proteins reshaping feed formulations?

4. What regulatory, logistic, and health challenges could hinder market expansion?

5. Who are the leading global and regional players, and how are they innovating in shrimp feed?