Australia Shrimp Market Size, Share and Forecast Trends - Growth Analysis and Outlook Report (2026-2035)

Key Market Trends and Insights

• Queensland dominated the market in 2025 and is projected to grow at a CAGR of 5.5% over the forecast period.
• By species, the white leg shrimp is expected to grow at a CAGR of 5.2% over the forecast period.
• By source, aquaculture is projected to witness a CAGR of 5.3% over the forecast period.

Market Size & Forecast

• Market Size in 2025: AUD 2.32 billion
• Projected Market Size in 2035: AUD 3.71 billion
• CAGR from 2026 to 2035: 4.80%
• Fastest-Growing Regional Market: Queensland

The growth of the Australia shrimp market is mainly attributed to the increased use of aquaculture technologies alongside the demand for seafood products that provide value addition. The use of biosecurity farm technology, recirculation of aquaculture technology, and the use of genetics is leading to an increase in productivity, disease resistance, and supply sustainability throughout the year. On the other hand, the changing consumer preferences to consume shrimp in a more convenient form, such as cooked and peeled formats, are resulting in an increasing availability across the retail and food service sectors.

Shrimp farming operations incorporate advanced technologies that help improve stock condition, monitor water quality, and track any potential diseases before they spread within the farm. Given that shrimp farming is susceptible to diseases and environmental changes, it is important for players in the industry to adopt technology-based disease detection tools that can help prevent any diseases from breaking out. This way, shrimp farmers are able to control diseases from spreading and taking over the entire population of shrimps. Such efforts have positively impacted the supply of shrimp in the Australian market.

For example, in March 2024, the biotech company Genics launched Shrimp MultiPath 2.0, a diagnostic tool that can detect up to 18 types of pathogens in shrimp during a single test procedure. The tool helps shrimp farmers diagnose potential diseases before any signs become visible, enabling them to take timely action and improve their biosecurity practices. In this way, shrimp farmers are being enabled to produce healthy shrimp more efficiently.

Recent Developments

November 2025 - Genetic Innovation Strengthened Shrimp Breeding Programs

Research led by CSIRO involved finding genetic markers and SNP technology that would enhance the breeding process of the black tiger shrimps. This is an important improvement, as it will contribute to increasing productivity in the Australia shrimp market.

October 2025 - Indian Shrimp Exports Resumed After Long Freeze

After an eight-year suspension, the Indian state of Andhra Pradesh resumed prawn exports to Australia. This is expected to improve import numbers and cater to the rising demand in the Australia shrimp market due to increasing consumer preference for the product.

September 2025 - Vietnamese Shrimp Exporter Expanded Its Australian Presence

The Minh Phu Seafood Corporation, which is Vietnam’s biggest shrimp exporter, authorized its subsidiary in Australia in an effort to improve distribution and market reach. This move is anticipated to contribute significantly to the development of the shrimp market in Australia through import-oriented growth and increased global trading ties.

December 2023 - Sustainable Shrimp Collaboration Launched Eco-Product Initiative

The joint venture of Auchan, BioMar, and Earthworm Foundation initiated an eco-friendly product line of shrimp, focusing on sustainable sourcing and certification of the shrimp. This trend of consumption is resulting in premium positioning in the Australia shrimp market.

Key Drivers and Trends

Sustainability Partnerships Supporting Environmentally Responsible Aquaculture

Environmental sustainability-related collaborative projects are becoming more common in the production processes as Australia shrimp market players increasingly collaborate with research centers to mitigate their environmental effects and manage water sustainably. These collaborations are becoming instrumental in ensuring that shrimp farms utilize advanced wastewater treatment techniques and practice sustainable aquaculture operations. For instance, in January 2023, NaturalShrimp entered into a partnership with the Fisheries Research and Development Corporation and the Australian Prawn Farmers Association to test the electrocoagulation technique for wastewater treatment at prawn farms in Mackay.

Large-Scale Aquaculture Projects Expanding Domestic Production Capacity

The development of substantial infrastructural projects for land-based shrimp farming is bolstering production capacity and boosting the growth of the Australia shrimp market, allowing producers to expand their operations and secure domestic production. Aquaculture projects are being developed with hatcheries, grow-out facilities, and processing plants to facilitate the growth in the industry over the coming years. In November 2025, for instance, the Seafarms Group purchased assets linked to the Project Sea Dragon project to facilitate large-scale prawn aquaculture projects in northern Australia.

Research Collaborations Enabling Commercialization of New Prawn Species

Collaborative research programs involving cooperation from both the industry and regional groups are becoming instrumental in fostering aquaculture growth opportunities in the Australia shrimp market. Specifically, the collaboration includes the breeding program, hatcheries, and farming processes for increasing the number of shrimp species in the region. An Indigenous-led collaboration in Queensland successfully brought together research organizations and industry players to develop Australia’s first commercial giant freshwater prawn farm in February 2026.

Growing Export Demand Encouraging Production Expansion

The rising global market interest in high-end seafood commodities is driving more producers to increase their production capabilities and logistics networks in the Australia shrimp industry. Export-led production models are becoming more favored as Australian shrimp becomes more valued and traceable. In August 2024, for instance, Seafarms Group announced a 75% rise in export sales of black tiger prawns to European countries like France, Spain, and the United Kingdom.

Sustainable Packaging Innovations Enhancing Seafood Supply Chains

Sustainable packaging options are currently gaining momentum with producers exploring other means of packaging their products in a manner that does not comprise on product quality and transportation needs, while being eco-friendly. This emerging trend in the Australia shrimp market is driving more businesses to collaborate with packaging companies to develop sustainable solutions, such as using recyclable materials. In January 2025, for instance, Tassal worked with Visy to launch its shrimp products in recyclable cardboard boxes, which replaced the use of expanded polystyrene containers.

Australia Shrimp Market Share

By species, black tiger shrimps witness high demand driven by genetic advancements strengthening breeding efficiency

There have been remarkable genetic and breeding innovations in the black tiger shrimp sector within the Australia shrimp market due to the efforts aimed at enhancing breeding stocks’ traits, including disease resistance and production efficiencies. The incorporation of genomics in breeding is facilitating effective breeding and control of genetic diversity and mapping single nucleotide polymorphisms. These innovations are reducing reliance on wild breeding stocks, leading to more sustainable shrimp aquaculture productivity. For instance, in November 2025, researchers at CSIRO developed an accurate SNP array for black tiger shrimp, enhancing genetic gains while reducing inbreeding rates.

The whiteleg shrimp category is one of the major motivators driving growth in the Australia shrimp industry due to its short growth period, efficient feed intake ratio, and suitability for intensive farming methods. Increased demand in the export and foodservice segments is driving the manufacturers to produce more of this variety. Some of the companies that are focusing on the whiteleg shrimp category include Seafarms Group, which is building extensive farms for whiteleg shrimp cultivation via land-based systems, and Tassal Group, which is increasing hatchery efficiency.

By source, the aquaculture category leads the market owing to the expansion of advanced aquaculture systems strengthening shrimp production efficienc

The aquaculture industry represents an important factor that is influencing the Australia shrimp market growth trajectory, with producers shifting towards controlled aquaculture production in order to stabilize yields, manage diseases, and achieve round-the-year production. The growing global need for shrimp is expected to boost the installation of recirculating aquaculture systems (RAS), which might diminish dependence on natural resources and contribute to sustainable practices. For instance, in November 2024, Oceanloop raised USD 36 million to scale up its whiteleg shrimp RAS installations, urging Australian businesses to follow suit.

Wild catch is responsible for contributing a comparatively small yet steady share in the Australia shrimp market revenue, mainly due to coastal fishing operations and conventional distribution networks. Production continues to be limited as a result of stringent sustainable policies, seasonality issues, and the stress on marine habitats, preventing the process from being scaled up further. Nonetheless, wild catch plays a key role in fulfilling niche consumer demands in premium and fresh seafood sectors. Companies, including MG Kailis Group are involved in wild-catch seafood operations.

By form, the head-on category witnesses strong foodservice demand

The head-on shrimp category largely contributes to the Australia shrimp market value due to the continued high demand from the foodservice sector and conventional seafood consumers who require whole shrimp for better taste and aesthetics. Some of the major players that cater to the head-on shrimp category include companies like the Tassal Group and MG Kailis Group, which source their products from local markets and export destinations, emphasizing quality assurance in freshness and handling.

The cooked shrimp segment is also boosting the overall Australia shrimp market penetration due to the increasing consumption of seafood items that require minimal preparation before consumption. Consumers are increasingly choosing chilled and cooked shrimp due to busy lifestyles and the growing demand for quick, convenient meal options. As a result, processors around the globe are enhancing the process of adding value to their products along with improvements in quality and life span. One such initiative is the EUR 22 million investment made in June 2024 by Grupo Profand to expand vannamei shrimp production.

By sales channel, the retail category amasses significant revenue attributed to retail infrastructure expansion boosting shrimp consumption through modern seafood hubs

Retail sales contribute the largest to the Australia shrimp market revenue bolstered by the growing consumer interest in fresh, quality, and convenient access to seafood products via supermarkets, specialized shops, and innovative seafood precincts. Product visibility is being increased, and retailers are improving their offerings in terms of premium seafood assortments and experience-based shopping concepts. A notable development highlighting this trend is the planned relaunch of the Sydney Fish Market in the Blackwattle Bay area, announced in January 2026.

At the same time, the B2B sales channel plays an important role in supporting growth in the Australia shrimp industry because they offer large quantities for wholesale purposes to wholesalers, processors, hotels, and catering companies for mass consumption. This channel allows for reliable quality and a steady supply of the product at affordable prices. Increased demands for food service distributors and export processors are resulting in longer terms of purchasing agreements. For example, Tassal Group and Seafarms Group provide shrimp in bulk forms of frozen, peeled, and head-on shrimp.

Australia Shrimp Market Regional Analysis

By region, New South Wales dominates the market growth driven by government-led investments

The aquaculture sector in New South Wales is increasingly becoming a prominent regional powerhouse accelerating the Australia shrimp market growth through investments led by the government towards increasing seafood production in a sustainable manner. The market observes a greater emphasis on developing hatcheries, implementing bio-secure farming systems, and using low-emission aquaculture techniques. For example, in November 2025, the NSW Government announced an investment of AUD 20 million in the Aquaculture Industry Development Program focusing on increasing production capabilities, improving infrastructure, and promoting innovation in the acquaculture sector.

Several factors are driving Queensland to emerge as a key growth region in the Australia shrimp market. Some of the factors include its huge coastal area, tropical climate, and its well-developed infrastructure for aquaculture. This is made possible in part due to the large number of fisheries and shrimp aquaculture facilities within the area, that focus on cultivating high-quality black tiger and whiteleg shrimp species. With increasing investments into developing hatcheries and creating efficient farming systems, the productivity levels are on the rise, and employment opportunities are also being created.

Competitive Landscape

Leading Australia shrimp market players are focusing on technology integration in order to increase efficiency in production and in managing diseases. This is being done through adoption of modern diagnostic systems, genetic improvement, and monitoring equipment to increase production in farms and lower chances of mortality. Additionally, many shrimp companies are engaging in biosecurity measures that ensure pathogen detection and stock control. These approaches are ensuring that production becomes predictable and scalable.

The stakeholders in the Australia shrimp market are concentrating on expanding their supply chain by increasing their imports, improving their exports, and practicing sustainability. These include building trade relations, enhancing logistics such as cold chains, and embracing green packaging and aquafarming methods. They are also concerned about certifications for aquaculture to ensure that their production process is in line with environmental regulations.

Key Players

Bounce Australia

Bounce Australia is a health-oriented snack food company formed in 2001, located in Melbourne, Australia. The firm is known for its specialty products, such as protein balls and health bars, which cater to customers who like to lead an active life and pay attention to their well-being.

Health Lab

Health Lab is a prominent functional nutrition company founded in 2018, with headquarters is located in Australia. The brand specializes in developing wellness products made from collagen and protein snacks for health-conscious customers, enjoying success both offline and online.

Bundy’s Health

Bundy’s Health is a health and nutrition company based in Australia, which was formed in 2019. Bundy’s health is located in Queensland, Australia. The company majorly focuses on developing supplements for consumers to promote their well-being and fitness.

Honest to Goodness

Honest to Goodness is an Australian-based organic foods firm that was founded in 2002. Its headquarters are located in Sydney, Australia. Honest to Goodness produces a vast assortment of organic and whole foods products that cater to conscious consumers as well as the hospitality industry within the country.

Other key players in the market include The Health Nutt, among others.

Key Highlights of the Australia Shrimp Market Report

• Historical performance analysis with accurate forecasts through 2035.
• Insights into key product innovations, technological advancements, and aquaculture improvements shaping market growth.
• In-depth competitive landscape profiling leading domestic and international shrimp producers, exporters, and aquaculture operators.
• Regional analysis identifying emerging production hubs, trade corridors, and consumption patterns across Australia.
• Investment-focused outlook supported by data-driven assessment of infrastructure development, capacity expansion, and trade dynamics.

Why Choose Expert Market Research?

• Trusted insights backed by extensive primary and secondary research.
• Actionable intelligence for strategic planning, investment decisions, and market entry.
• Region-wise and product-specific analysis with granular segmentation coverage.

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