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Shrimp waste is an important source of natural carotenoid. Studies were carried out to determine the extraction yield of shrimp waste carotenoids in different vegetable oils. Highest yield was obtained by extraction using refined sunflower oil compared to groundnut oil, gingelly oil, mustard oil, soy oil, coconut oil and rice bran oil. The extraction yield of carotenoids in sunflower oil was significantly influenced by level of oil to waste (p less than 0.05), time (p less than 0.01) and temperature (p less than 0.001) of heating waste with oil before centrifugation to separate pigmented oil. A regression equation was derived for carotenoid yield as a function of time of heating, temperature of heating and oil level to waste. The optimized conditions for extraction of shrimp waste carotenoids in sunflower oil were determined to be oil level to waste of 2, temperature of 70 °C and heating time of 150 min.