Marine shrimp farming is a century-old practice in some Asian countries. Past sluggish development of the industry is mainly due to the inadequacy of hatchery technology resulting in inconsistent and insufficient supply of shrimp fry hence offsetting large scale development of the industry. Recent success in hatchery techniques coupled with high market demand have generated world-wide interest in developing shrimp farms in Asia. This paper attempts to make an in-depth review of the various aspects confronting the development and expansion of the shrimp farming industry.