Mexico Shrimp Market

Mexico Shrimp Market Overview:

The Mexico shrimp market size reached USD XX Million in 2024. Looking forward, IMARC Group expects the market to reach USD XX Million by 2033, exhibiting a growth rate (CAGR) of XX% during 2025-2033. The growing demand for sustainable and eco-friendly farming practices, technological advancements in farming techniques that improve productivity, and the expansion of export markets, particularly to the U.S., Japan, and Europe are contributing to the market growth.

Mexico Shrimp Market Trends:

Sustainability and Certification:

Sustainability is emerging as a major trend in the Mexican shrimp industry as a result of rising consumer demand for eco-friendly seafood. Shrimp farms are now embracing methods that reduce the burden on the environment, including minimizing water consumption, using environment-friendly feeds, and installing superior waste management systems. Certification programs such as Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP) are gaining popularity. These certifications guarantee the consumer that the shrimp are cultivated sustainably, with little environmental impact. Moreover, international retailers and foodservice companies are also applying pressure on suppliers to achieve these sustainability levels, compelling Mexican shrimp farmers to invest more in environmentally friendly practices and equipment, which could assist Mexico in sustaining its competitive advantage in the international shrimp industry.

Export Growth to Emerging Markets:

In 2021, Mexico's shrimp exports were valued at over US$314 million, with major markets including the United States, China, and Japan. Nonetheless, the nation is presently shifting its focus towards developing its shrimp export market to emerging markets in Asia, Latin America, and the Middle East. The expansion is stimulated by growing demand for quality shrimp, underpinned by a growing middle class, increased disposable incomes, and evolving dietary patterns in these markets. As one of the world's top shrimp exporters, Mexico is expanding its export base and building trade ties to satisfy increasing demand. By following strict quality and safety standards, Mexican shrimp producers are poised for further growth. This progress diminishes Mexico's reliance on conventional markets, enabling it to manage global demand more effectively and gain a stronger foothold in diverse markets.

Technological Advancements in Shrimp Farming:

The future of shrimp farming in Mexico is largely being determined by technological advancements. Efficiency, shrimp health, and overall productivity are being improved by technologies such as automated feeding systems, sophisticated water filtration systems, and integrated pest management systems. These technologies save costs, optimize the use of resources, and enhance yield per hectare. Additionally, advances in genetic selection are helping to produce more disease-resistant shrimp, which is important for keeping farmed stocks healthy. With improving technology, Mexican shrimp farmers can further respond to global demand and environmental issues for long-term sustainability and profitability in a more competitive global market.

Mexico Shrimp Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on environment, species, shrimp size and distribution channel.

Environment Insight

• Farmed Shrimp
• Wild Shrimp

The report has provided a detailed breakup and analysis of the market based on the environment. This includes farmed shrimp, and wild shrimp.

Species Insight

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

A detailed breakup and analysis of the market based on the species have also been provided in the report. This includes penaeus vannamei, penaeus monodon, macrobrachium rosenbergii, and others.

Shrimp Size Insight

• <21
• 21-25
• 26-30
• 31-40
• 41-50
• 51-60
• 61-70
• >70

The report has provided a detailed breakup and analysis of the market based on the shrimp size. This includes <21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, and >70.

Distribution Channel Insight

• Hypermarkets And Supermarkets
• Convenience Stores
• Hotels And Restaurants
• Online Sales
• Others

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes hypermarkets and supermarkets, convenience stores, hotels and restaurants, online sales, and others.

Regional Insights:

• Northern Mexico
• Central Mexico
• Southern Mexico
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Shrimp Market News:

• In March 2025, Mexico launched a National Forum on the future of its shrimp industry, aiming to implement long-term solutions for sustainable growth. Minister of Agriculture Julio Berdegué emphasized collaboration across sectors to address key issues like processing transformation, employment protection, and environmental sustainability. The forum, organized by CONAPESCA, brings together government officials, legislators, and industry stakeholders to discuss strategies for economic development and regulatory improvements for the shrimp sector's future.
• In February 2025, Undercurrent News (UCN) is proposing the launch of weekly US wholesale price reporting for wild-caught Mexican shrimp. This initiative aims to reflect transactions from importers to first receivers, covering a range of shrimp sizes and types, including wild-caught white and brown shrimp. UCN is gathering industry feedback to ensure the price assessments meet market needs and provide accurate insights into the Mexican shrimp market.

Mexico Shrimp Market Report Coverage:

Key Questions Answered in This Report:

• How has the Mexico shrimp market performed so far and how will it perform in the coming years?
• What is the breakup of the Mexico shrimp market on the basis of environment?
• What is the breakup of the Mexico shrimp market on the basis of species?
• What is the breakup of the Mexico shrimp market on the basis of shrimp size?
• What is the breakup of the Mexico shrimp market on the basis of distribution channel?
• What is the breakup of the Mexico shrimp market on the basis of region?
• What are the various stages in the value chain of the Mexico shrimp market? 
• What are the key driving factors and challenges in the Mexico shrimp?
• What is the structure of the Mexico shrimp market and who are the key players?
• What is the degree of competition in the Mexico shrimp market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico shrimp market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico shrimp market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico shrimp industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.