The Europe shrimp market size reached 863.3 Kilo Tons in 2023. Looking forward, the market is projected to reach 1,009.6 Kilo Tons by 2032, exhibiting a growth rate (CAGR) of 1.75% during 2023-2032.
They are low in fat, high in protein and are a moderate source of omega-3 fats, altogether increasing their demand among the consumers. The rise in the demand can also be attributed to the benefits they provide like improved bone and brain health, weight management, lowered risk of cardiovascular disease, relieved eye fatigue and lowered blood pressure.
A major catalyst driving the demand of shrimps in Europe are its numerous health and nutritional benefits. Moreover, rapid product utilization as an excellent source of carbohydrate free food which can lead to weight loss is also resulting in a higher product uptake ang consumers with weight-loss goals. The demand of value-added and convenient shrimp products, such as ready-to-eat shrimp products comprise of products which are cooked, breaded, canned, is also acting as strong growth-inducing factor for the market. Most of these products are usually fully processed such as shrimp paste, chips and pickle.
However, some products are half-cooked and require to be baked, fried or cooked like breaded or canned shrimp. The demand for cooked and breaded shrimp has risen over the past years. In Europe, consumers live hectic lives and feel considerable time pressure. As a result, they prefer meals that are easy to prepare and ready to cook. Moreover, there is a rising trend towards more ready-made shrimp products.
This report provides a deep insight into the Europe shrimp market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Europe shrimp industry in any manner.
Europe Shrimp Market Analysis
- Market Growth and Size: The European shrimp market is experiencing steady growth, reflecting a widespread enthusiasm for seafood and a tilt towards protein-rich diets. Also, continual growth in the retail and food service sectors with the expansion of their shrimp selections to meet changing consumer demands is also driving the market.
- Major Market Drivers: There's a growing awareness regarding the health perks of shrimp, since they're dense with protein and essential nutrients. This excitement is in step with a growing fondness for Asian flavors, where shrimp is often a star, coupled with a keen interest in sustainable seafood practices, which is encouraging more Europeans to indulge in shrimp.
- Key Market Trends: The trend is leaning strongly towards organic and responsibly sourced shrimp, impelled by consumers' increasing curiosity about the origins and ethics of their food. The industry's pivot to innovative aquaculture methods, such as eco-friendly recirculating systems, is aligned with the aim to maintain year-round supply.
- Geographical Trends: In the North of Europe, shrimp is becoming a preferred seafood option, due to a strong commitment to sustainably sourced and certified seafood. In the South, countries like Spain and Italy are keeping up their long-standing seafood preferences, leading the charge in shrimp consumption and importation.
- Competitive Landscape: The shrimp market landscape is intensely dynamic, with a diverse mix of big international names and local fisheries. The key players are setting themselves apart with clever innovations, think tantalizing precooked shrimp delights, and streamlined supply chains to expand their shares.
- Challenges and Opportunities: Navigating the fluctuating shrimp supplies and prices with environmental shifts and global ma Market Growth and Size: The European shrimp market is experiencing steady growth, reflecting a widespread enthusiasm for seafood and a tilt towards protein-rich diets. Also, continual growth in the retail and food service sectors with the expansion of their shrimp selections to meet changing consumer demands is also driving the market.
They are low in fat, high in protein and are a moderate source of omega-3 fats, altogether increasing their demand among the consumers. The rise in the demand can also be attributed to the benefits they provide like improved bone and brain health, weight management, lowered risk of cardiovascular disease, relieved eye fatigue and lowered blood pressure.
A major catalyst driving the demand of shrimps in Europe are its numerous health and nutritional benefits. Moreover, rapid product utilization as an excellent source of carbohydrate free food which can lead to weight loss is also resulting in a higher product uptake ang consumers with weight-loss goals. The demand of value-added and convenient shrimp products, such as ready-to-eat shrimp products comprise of products which are cooked, breaded, canned, is also acting as strong growth-inducing factor for the market. Most of these products are usually fully processed such as shrimp paste, chips and pickle.
However, some products are half-cooked and require to be baked, fried or cooked like breaded or canned shrimp. The demand for cooked and breaded shrimp has risen over the past years. In Europe, consumers live hectic lives and feel considerable time pressure. As a result, they prefer meals that are easy to prepare and ready to cook. Moreover, there is a rising trend towards more ready-made shrimp products.
Europe Shrimp Industry Segmentation
This report provides an analysis of the key trends in each sub-segment of the Europe shrimp market report, along with forecasts for the period 2024-2032. The report has categorized the market based on environment, domestic production and imports, species, product categories and distribution channel.Breakup by Environment:
- Farmed
- Wild
Breakup by Domestic Production and Imports:
- Domestic Production
- Imports
Breakup by Species:
- Penaeus Vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
Breakup by Product Categories:
- Peeled
- Shell-on
- Cooked
- Breaded
- Others
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online Stores
- Others
Competitive Landscape
The competitive landscape of the market has also been analyzed in the report, covering the detailed profiles of the major players operative in the industry.This report provides a deep insight into the Europe shrimp market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Europe shrimp industry in any manner.
Key Questions Answered in This Report
- How has the global Europe shrimp market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global Europe shrimp market?
- What is the impact of each driver, restraint, and opportunity on the global Europe shrimp market?
- What are the key regional markets?
- Which countries represent the most attractive Europe shrimp market?
- What is the breakup of the market based on the environment?
- Which is the most attractive environment in the Europe shrimp market?
- What is the breakup of the market based on domestic production and imports?
- Which is the most attractive domestic production and imports in the Europe shrimp market?
- What is the breakup of the market based on the species?
- Which is the most attractive species in the Europe shrimp market?
- What is the breakup of the market based on the product categories?
- Which is the most attractive product categories in the Europe shrimp market?
- What is the breakup of the market based on the distribution channel?
- Which is the most attractive distribution channel in the Europe shrimp market?
- What is the competitive structure of the market?
- Who are the key players/companies in the global Europe shrimp market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Shrimp Market
6 Global Farmed Shrimp Market
7 Europe Shrimp Industry
8 Market Breakup by Environment
9 Market Breakup by Domestic Production and Imports
10 Market Breakup by Species
11 Market Breakup by Product Categories
12 Market Breakup by Distribution Channel
13 Competitive Landscape
List of Figures
List of Tables
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value in 2023 | 863.3 Kilo Tons |
| Forecasted Market Value by 2032 | 1009.6 Kilo Tons |
| Compound Annual Growth Rate | 1.7% |
| Regions Covered | Europe |
