Europe Shrimp Market Growth Analysis Report - Market Size, Share, Forecast Trends and Outlook (2025-2034)

The Europe shrimp market attained a volume of 1115.30 KMT in 2024. The market is estimated to observe a CAGR of 1.60% in the forecast period of 2025-2034 to reach a volume of 1307.16 KMT by 2034.

Southern European Countries to Provide Significant Growth Opportunities for the Expansion of the Shrimp Industry

Europe is a major market for fish and seafood from developing nations. Southern Europe accounted for most of the top seafood consuming countries in 2017, namely Portugal, Spain, Malta, France, and Italy. Shrimp is one of the main products consumed in the regions, along with tuna (mostly canned), cod, salmon, Alaska pollock, mussel, and herring. In 2017, Portugal witnessed the highest per capita consumption at 57 kg, which was double the European average. The region is also a significant market for shrimp , with a diverse range of consumption patterns. Shrimps are a rich source of protein and a moderate source of omega-3 fats and further provide additional benefits like improved bone and brain health, weight management, and lowered risk of cardiovascular diseases, thereby increasing their demand among consumers.

Shrimp: Market Segmentation

Shrimp is a term used for a small free-swimming crustacean, which has an elongated body, typically marine, with a long tail and a single pair of pincers. Shrimps are generally found near the seafloor, in rivers, lakes, and on certain coasts. Most of its species are highly valued as food and are of great commercial importance.

Market Breakup by Environment

• Wild
• Farmed

Market Breakup by Species

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others

Market Breakup by Product Type

• Peeled
• Shell-On
• Cooked
• Breaded
• Others

Market Breakup by Distribution Channel

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online
• Others

Market Breakup by Source

• Domestic Production
• Imports

Market Breakup by Region

• United Kingdom
• Germany
• France
• Italy
• Netherland
• Spain

Increased Consumption of Seafood and a Rise in Demand for Frozen Shrimp to Bolster the Shrimp Industry Growth in Europe

The shrimp industry in Europe is being driven by the growing per capita consumption of seafood in the region. The major drivers include an increasing demand for price competitive seafood commodities and the shift of the shrimp processing sector towards high volume and the frozen product segments. Other factors like the increasing population and the thriving food service industry in the region are also contributing to the market growth. The increase in sales of pre-packed and frozen fish products is expected to remain a key trend over the forecast period, along with the preference for sustainable certified seafood. However, the market is expected to witness the adverse effects of the COVID-19 outbreak in the forecast period, with imports of shrimp being a major challenge in 2021.

Key Industry Players in the Europe Shrimp Market

The report gives a detailed analysis of the following key players in the Europe shrimp market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Nordic Seafood A/S
• Heiploeg International B.V.
• Viciunai Group
• Afentoulis Liveris & Co. O.E.
• Sykes Seafood Ltd
• Seamark plc
• Morubel NV
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

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