Global Freeze Dried Shrimp Market Outlook
Revenue, 2024
$1.5B
Forecast, 2034
$3.0B
CAGR, 2025 - 2034
7.0%
The Freeze Dried Shrimp industry revenue is expected to be around $1.6 billion in 2025 and expected to showcase growth with 7.0% CAGR between 2025 and 2034. The rise in the Freeze Dried Shrimp market indicates its growing importance across industries today. This growth is mainly due to the rising demand from consumers for seafood products that can be stored term worldwide. The benefits of freeze dried shrimp like shelf life, ease of use and preserved nutritional value have led to its inclusion in modern cooking methods. Moreover its versatility, in recipes has further solidified its significance in the international market. Furthermore and importantly for the growth of this industry are the progress in freeze drying methods and the rise, in sales of seafood products.
Freeze Dried Shrimp is shrimp that has been dehydrated using a freeze drying technique to preserve its flavor and nutrients effectively - creating top notch seafood products with various uses in restaurants and home kitchens as well as in convenient packaged foods and pet food manufacturing, for its versatility as an ingredient.
Market Key Insights
- The Freeze Dried Shrimp market is projected to grow from $1.5 billion in 2024 to $3.0 billion in 2034. This represents a CAGR of 7%, reflecting rising demand across Pet Food Industry, Specialty Gourmet Cuisine and Outdoor & Survival Gear.
- Thrive Life LLC, Augason Farms, Mountain House are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Freeze Dried Shrimp market and are expected to observe the growth CAGR of 4.5% to 6.7% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 8.0% to 9.7%.
- Transition like The Advent of ECommerce has greater influence in U.S. and China market's value chain; and is expected to add $83 million of additional value to Freeze Dried Shrimp industry revenue by 2030.
- The Freeze Dried Shrimp market is set to add $1.5 billion between 2024 and 2034, with manufacturer targeting Outdoor Activities & Nutrient Supplements End-User projected to gain a larger market share.
- With Growing demand for healthy snacking options, and Long shelf life of freeze dried products, Freeze Dried Shrimp market to expand 97% between 2024 and 2034.
Opportunities in the Freeze Dried Shrimp
Skillfully navigating the realm of advancements paves the way for the freeze dried shrimp sector to embrace the latest in freeze drying innovations such, as upgraded drying machinery and automated processing lines that are also eco friendly and energy efficient to enhance product quality and decrease drying durations significantly.
Growth Opportunities in North America and Asia Pacific
In North America's market scenario Frozen shrimp has been gaining popularity steadily as consumers show a preference for easy seafood meals. The strong seafood processing sector and the growing trend of grocery shopping make freeze dried shrimp more accessible. The market is competitive, with companies introducing advanced freeze drying methods to improve product longevity and nutritional value. Despite being a established market already showing maturity signs new chances keep emerging, mostly driven by the increasing trend of using exotic seafood in home kitchens and its demand in sectors such, as hotels and restaurants.
The growing market for freeze dried shrimp in the Asia Pacific region is fueled by the regions love for shrimp in cuisines and traditional cooking styles. With urbanization on the rise and a growing middle class population seeking healthy meal choices like freeze dried shrimp the market is highly competitive as both local and global brands vie, for dominance. Exploring the potential of shopping platforms and promoting freeze dried shrimp as a high quality and nutritious option could be a valuable strategy to attract health conscious consumers.
Market Dynamics and Supply Chain
01
Driver: Growing Demand for Healthy Snacking Options, and Convenience of Use
With a rising trend towards prioritizing health and wellness in diet choices worldwide there is also an increasing desire for nutritious snacks such as Freeze Dried Shrimp. This snack option offers a fat content along with high protein levels making it an appealing choice for those seeking a healthy alternative. In addition to its value Freeze Dried Shrimp also provides a significant dose of Omega– 3 fatty acids known to support heart health. This change in consumer preferences towards wholesome eating habits is also fuel ling the demand for Freeze Dried Shrimp products, in the market today. One of the main advantages of Freeze Dried Shrimp is also its convenience. It can also be easily rehydrated and ready for consumption within minutes. Additionally, it is also lightweight and compact, making it a popular choice among campers, hikers, and also for feeding pets in aquariums, fuelling its market growth.
Freeze dried foods like shrimp longer than those dried using traditional methods because freeze drying removes about 98% of the moisture content which helps prevent bacterial growth and food spoilage issues. The extended shelf life of freeze dried shrimp makes it a popular option, for both homes and businesses alike. Contributes to increasing market demand.
02
Restraint: Stringent Regulation Compliance
The freeze dried shrimp industry encounters a challenge due to strict local and global food regulations that companies must meet regarding health and safety protocols and ethical sourcing practices, in their processing facilities to ensure market compliance and reputation preservation. The stringent regulations in place also act as a hindrance, to companies entering the market promptly which limits competition and might impede the markets growth potential.
03
Opportunity: Expanding the Culinary Footprint and Strategic Collaborations to Extend Market Reach
The food industry is currently witnessing a demand for a variety of unique and convenient food options that are both exotic and appealing to different tastes and preferences. To cater to this growing market segment effectively and captivate consumers interest in ways businesses can incorporate freeze dried shrimp into meal kits or gourmet dried food collections that are ready to cook. Taking advantage of the shrimps shelf life and easy preparation features these products have the potential to appeal to home cooks and food lovers alike which could lead to an increase in the popularity of freeze dried shrimp, in the market.
By forming partnerships with worldwide seafood distributors or grocery stores and online food marketplaces manufacturers of freeze dried shrimp can improve their network for distributing products and expand their presence across different regions. These partnerships could attract customers from profitable markets such, as North America and Southeast Asia ultimately driving the growth of the freeze dried shrimp sector.
04
Challenge: Market Volatility
Another significant for the freeze-dried shrimp industry is the inherent market volatility. Market dynamics such as fluctuating shrimp prices, varying transportation costs, and sudden changes in tariffs and duties significantly impact the economic feasibility of freeze-dried shrimp. Extreme weather conditions or biological incidents can drastically impact shrimp supply lines, causing price instability.
Supply Chain Landscape
1
Raw Material Procurement
Bumble Bee SeafoodsThai Union Group
2
Processing & Freeze Drying
Harvest Food GroupFreshpack
3
Packaging & Transportation
DS SmithAmcor
4
Retail & End-Use
WalmartWhole Foods
1
Raw Material Procurement
Bumble Bee SeafoodsThai Union Group
2
Processing & Freeze Drying
Harvest Food GroupFreshpack
3
Packaging & Transportation
DS SmithAmcor
4
Retail & End-Use
WalmartWhole Foods
Use Cases of Freeze Dried Shrimp in Pet Food Industry & Specialty Gourmet Cuisine
Pet Food Industry : In the pet food industry, freeze dried shrimp serves as a high-protein and easily digestible treat for a variety of animals, particularly beloved pets like cats and dogs. The most commonly used in this application are small, whole shrimps that are freeze dried, further increasing their nutritional density and longevity. Brands including Purina and Blue Buffalo, who stand as well-established players in the pet food market, emphasize on the advantages of their freeze dried shrimp products, such as improved coat health and increased energy in pets, thereby consolidating their market position.
Outdoor & Survival Gear : In the outdoor and survival gear industry, shrimp that has been freeze dried is often included in meal kits due to its lightweight nature, ease of rehydration, and long shelf life. These features make it an ideal food option for backpacking, camping, or emergency preparedness scenarios. While different companies use variouss of shrimp, small-to-medium, whole shrimps are common. Top players like Mountain House and Wise Company leverage the unique advantages of freeze dried shrimp, such as the afore-mentioned longevity, ease of preparation, and high nutritional value, enhancing their prominence in the industry.
Specialty Gourmet Cuisine : In the realm of specialty gourmet cuisine, freeze dried shrimp is leveraged for its unique, concentrated flavor and ability to add a touch of luxury to dishes.
Recent Developments
In the highly evolving market of freeze-dried products, Freeze Dried Shrimp, a high-in-demand product, has undergone significant transformations recently. Advanced processing technologies are fostering the proliferation of superior quality freeze dried shrimp, thus contributing to the markets growth graph. One notable trend that has surfaced is the commercial embrace of organic and naturally-sourced freeze dried shrimp.
December 2024 : Reputable marine products manufacturer, Aqua World, announced its new line of high-quality freeze dried shrimp developed through innovative technology, promising enhanced flavor and longevity
October 2024 : Global conglomerate, Ocean Fresh Limited, achieved a significant milestone by rapidly expanding its distribution network for freeze dried shrimp, targeting emerging markets in Asia and South America
August 2024 : TechFish Inc., a leading food tech company effectively increased the yield and quality of freeze dried shrimp through their proprietary dehydration process.
Impact of Industry Transitions on the Freeze Dried Shrimp Market
As a core segment of the Packaged & Processed F&B industry,
the Freeze Dried Shrimp market develops in line with broader industry shifts.
Over recent years, transitions such as The Advent of ECommerce and Embracing Sustainability have redefined priorities
across the Packaged & Processed F&B sector,
influencing how the Freeze Dried Shrimp market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
The Advent of ECommerce
The freeze dried shrimp sector has undergone changes due to the rise of online shopping platforms. This shift has had an effect on seafood sales by making them more readily available to people around the world. The ease of ordering and the guarantee of high quality goods have led to a growing preference among consumers, for purchasing freeze dried shrimp via the internet. The influence of e commerce has been so impactful that numerous conventional seafood sellers are now delving into channels to expand their market presence and boost their sales.
02
Embracing Sustainability
Another notable transition in the freezedried shrimp industry is the shift towards more sustainable production methods. Amid increasing environmental concerns and the adverse impact of overfishing, players in the industry are now adopting more environmentallyfriendly means of shrimp cultivation and processing. The transitions impact is seen in the wider acceptance of products carrying sustainability certifications. This has not only helped to conserve marine ecosystems but has also driven conscious consumerism, promoting the sale of freezedried shrimp products derived from sustainable sources.