The Europe Frozen Shrimp Market would witness market growth of 7.6% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 1,100.6 hundred tonnes, showcasing a growth of 20.1% (2020-2023).
Conventional Source of Shrimp provides a wide range of shrimp sourced from traditional aquaculture practices and wild-caught sources. These shrimp are processed and frozen to maintain their quality and taste, offering convenience and versatility to consumers. Unlike organic shrimp, which follow strict organic farming standards, conventional shrimp may come from farms that use conventional aquaculture methods with varying degrees of environmental impact. However, they still undergo rigorous quality control measures to ensure they meet safety and hygiene standards. Thus, the Germany market consumed 130.59 hundred tonnes of conventionally-sourced shrimp in 2023.
The Germany market dominated the Europe Frozen Shrimp Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,360.9 million by 2031. The UK market is exhibiting a CAGR of 6.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8.4% during (2024 - 2031).
Frozen shrimp are a popular choice for home cooks looking for a convenient and versatile ingredient. They can be used in various dishes, including stir-fries, pasta dishes, salads, soups, and appetizers. Many consumers buy shrimp in bulk and store them in their freezers for future use, allowing them to have seafood on hand whenever needed.
Moreover, there is a growing demand for value-added shrimp products that offer convenience and ease of preparation. This includes pre-marinated, seasoned, breaded, and skewered shrimp. Manufacturers are developing shrimp products designed to be cooked using various methods, including oven-baked, grilled, sautéed, and air-fried. This allows consumers to enjoy restaurant-quality shrimp at home with minimal effort.
Pharmaceutical industry workers often have busy schedules and may seek convenient and quick meal options in Belgium. Frozen shrimp provides a convenient source of protein that can be easily prepared, making it a popular choice for busy individuals in Belgium. Many pharmaceutical companies have corporate wellness programs in Belgium to promote healthy lifestyles among their employees. These programs may include recommendations for healthy eating habits, including consuming seafood like frozen shrimp in Belgium. According to the International Trade Administration data, Belgium’s pharmaceutical industry spends $1.64 billion (€1.5 billion) on R&D annually, equivalent to 40 percent of all private investment made in Belgium. As a result, Belgium is home to 29 of the world’s top 30 pharmaceutical companies, including important subsidiaries of major U.S. companies such as Johnson and Johnson and Pfizer. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Based on Source, the market is segmented into Organic and Conventional. Based on Application, the market is segmented into Food, Cosmetics, Pharmaceuticals, Biotechnology and Industrial. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, B2B, Departmental Stores and Online Sales Channel. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Conventional Source of Shrimp provides a wide range of shrimp sourced from traditional aquaculture practices and wild-caught sources. These shrimp are processed and frozen to maintain their quality and taste, offering convenience and versatility to consumers. Unlike organic shrimp, which follow strict organic farming standards, conventional shrimp may come from farms that use conventional aquaculture methods with varying degrees of environmental impact. However, they still undergo rigorous quality control measures to ensure they meet safety and hygiene standards. Thus, the Germany market consumed 130.59 hundred tonnes of conventionally-sourced shrimp in 2023.
The Germany market dominated the Europe Frozen Shrimp Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,360.9 million by 2031. The UK market is exhibiting a CAGR of 6.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8.4% during (2024 - 2031).
Frozen shrimp are a popular choice for home cooks looking for a convenient and versatile ingredient. They can be used in various dishes, including stir-fries, pasta dishes, salads, soups, and appetizers. Many consumers buy shrimp in bulk and store them in their freezers for future use, allowing them to have seafood on hand whenever needed.
Moreover, there is a growing demand for value-added shrimp products that offer convenience and ease of preparation. This includes pre-marinated, seasoned, breaded, and skewered shrimp. Manufacturers are developing shrimp products designed to be cooked using various methods, including oven-baked, grilled, sautéed, and air-fried. This allows consumers to enjoy restaurant-quality shrimp at home with minimal effort.
Pharmaceutical industry workers often have busy schedules and may seek convenient and quick meal options in Belgium. Frozen shrimp provides a convenient source of protein that can be easily prepared, making it a popular choice for busy individuals in Belgium. Many pharmaceutical companies have corporate wellness programs in Belgium to promote healthy lifestyles among their employees. These programs may include recommendations for healthy eating habits, including consuming seafood like frozen shrimp in Belgium. According to the International Trade Administration data, Belgium’s pharmaceutical industry spends $1.64 billion (€1.5 billion) on R&D annually, equivalent to 40 percent of all private investment made in Belgium. As a result, Belgium is home to 29 of the world’s top 30 pharmaceutical companies, including important subsidiaries of major U.S. companies such as Johnson and Johnson and Pfizer. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Based on Source, the market is segmented into Organic and Conventional. Based on Application, the market is segmented into Food, Cosmetics, Pharmaceuticals, Biotechnology and Industrial. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, B2B, Departmental Stores and Online Sales Channel. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Surapon Foods Public Company Limited
- Thai Union Group PCL
- Clearwater Seafoods Corporation (Premium Brands Holdings Corporation)
- Aqua Star
- SeaPak Shrimp & Seafood Company
- Lerøy Seafood Group ASA
- Avanti Feeds Limited
- The Waterbase Limited
- Mazzetta Company, LLC
Market Report Segmentation
By Source (Volume, Hundred Tonnes, USD Billion, 2020-31)- Organic
- Conventional
- Food
- Cosmetics
- Pharmaceuticals
- Biotechnology
- Industrial
- Supermarkets & Hypermarkets
- B2B
- Departmental Stores
- Online Sales Channel
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Europe Frozen Shrimp Market by Source
Chapter 5. Europe Frozen Shrimp Market by Application
Chapter 6. Europe Frozen Shrimp Market by Distribution Channel
Chapter 7. Europe Frozen Shrimp Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Surapon Foods Public Company Limited
- Thai Union Group PCL
- Clearwater Seafoods Corporation (Premium Brands Holdings Corporation)
- Aqua Star
- SeaPak Shrimp & Seafood Company
- Lerøy Seafood Group ASA
- Avanti Feeds Limited
- The Waterbase Limited
- Mazzetta Company, LLC
Methodology
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