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Europe Shrimp Market Report by Environment, Domestic Production and Imports, Species, Product Categories, Distribution Channel 2024-2032

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    Report

  • 137 Pages
  • April 2024
  • Region: Europe
  • IMARC Group
  • ID: 5820583
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.

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.
Shrimps are small marine animal with thin and fragile legs. They are generally found near the seafloor, in rivers, lakes, as well as in certain coasts. Shrimps are one of the most flavoured and delicious delicacies from the seafood congregate. They also play an important role in the food chain and are a vital source of food for larger animals like fish and whales.

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
Wild shrimps currently dominate the market.

Breakup by Domestic Production and Imports:

  • Domestic Production
  • Imports
The European shrimp industry is largely dependent upon imports.

Breakup by Species:

  • Penaeus Vannamei
  • Penaeus Monodon
  • Macrobrachium Rosenbergii
  • Others
Currently, penaeus vannamei dominates the market, holding the largest share.

Breakup by Product Categories:

  • Peeled
  • Shell-on
  • Cooked
  • Breaded
  • Others
The peeled category accounts the largest market share, representing the leading segment.

Breakup by Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Hotels and Restaurants
  • Online Stores
  • Others
Hypermarkets and Supermarkets currently represent the biggest segment.

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 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Shrimp Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Environment
5.4 Market Forecast
6 Global Farmed Shrimp Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Production Breakup by Region
6.4 Consumption Breakup by Region
6.5 Market Breakup by Species
6.6 Market Breakup by Shrimp Size
6.7 Market Forecast
7 Europe Shrimp Industry
7.1 European Shrimp Industry as a Part of the Seafood Industry
7.2 Market Overview
7.3 Market Performance
7.4 Impact of COVID-19
7.5 Market Breakup by Environment
7.6 Market Breakup by Domestic Production and Imports
7.7 Market Breakup by Species
7.8 Market Breakup by Product Categories
7.9 Market Breakup by Distribution Channel
7.10 Market Forecast
7.11 SWOT Analysis
7.11.1 Overview
7.11.2 Strengths
7.11.3 Weaknesses
7.11.4 Opportunities
7.11.5 Threats
7.12 Value Chain Analysis
7.12.1 Broodstock and Hatchery
7.12.2 Shrimp Harvesting
7.12.3 Auction
7.12.4 Peeling/Pre-processing
7.12.5 Large Scale Industrial Processing
7.12.6 Retailer/Exporter
7.12.7 End-Consumer
7.13 Porters Five Forces Analysis
7.13.1 Overview
7.13.2 Bargaining Power of Buyers
7.13.3 Bargaining Power of Suppliers
7.13.4 Degree of Competition
7.13.5 Threat of New Entrants
7.13.6 Threat of Substitutes
7.14 Price Analysis
7.15 Key Success and Risk Factors for Shrimp Industry
8 Market Breakup by Environment
8.1 Farmed
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Wild
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Domestic Production and Imports
9.1 Domestic Production
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Imports
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Species
10.1 Penaeus Vannamei
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Penaeus Monodon
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Macrobrachium Rosenbergii
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Product Categories
11.1 Peeled
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Shell-on
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Cooked
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Breaded
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Others
11.5.1 Market Trends
11.5.2 Market Forecast
12 Market Breakup by Distribution Channel
12.1 Hypermarkets and Supermarkets
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Convenience Stores
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Hotels and Restaurants
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Online Stores
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Others
12.5.1 Market Trends
12.5.2 Market Forecast
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
List of Figures
Figure 1: Europe: Shrimp Market: Major Drivers and Challenges
Figure 2: Global: Shrimp Market: Production Volume (in Million Tons), 2018-2023
Figure 3: Global: Shrimp Market: Production Value (in Million US$), 2018-2023
Figure 4: Global: Shrimp Market: Breakup by Environment (in %), 2023
Figure 5: Global: Shrimp Market Forecast: Production Volume (in Million Tons), 2024-2032
Figure 6: Global: Shrimp Market Forecast: Production Value (in Million US$), 2024-2032
Figure 7: Global: Farmed Shrimp Market: Production Volume (in Million Tons), 2018-2023
Figure 8: Global: Farmed Shrimp Market: Production Value (in Million US$), 2018-2023
Figure 9: Global: Farmed Shrimp Market: Production Breakup by Region (in %), 2023
Figure 10: Global: Farmed Shrimp Market: Consumption Breakup by Region (in %), 2023
Figure 11: Global: Farmed Shrimp Market: Breakup by Species (in %), 2023
Figure 12: Global: Farmed Shrimp Market: Breakup by Shrimp Size (in %), 2023
Figure 13: Global: Farmed Shrimp Market Forecast: Production Volume (in Million Tons), 2024-2032
Figure 14: Global: Farmed Shrimp Market Forecast: Production Value (in Million US$), 2024-2032
Figure 15: Europe: Shrimp Industry as a Part of the Seafood Industry (in %), 2023
Figure 16: Europe: Shrimp Market: Consumption Volume (in '000 Tons), 2018-2023
Figure 17: Europe: Shrimp Market: Breakup by Environment (in %), 2023
Figure 18: Europe: Shrimp Market: Breakup by Domestic Production and Imports (in %), 2023
Figure 19: Europe: Shrimp Market: Breakup by Species (in %), 2023
Figure 20: Europe: Shrimp Market: Breakup by Product Categories (in %), 2023
Figure 21: Europe: Shrimp Market: Breakup by Distribution Channel (in %), 2023
Figure 22: Europe: Shrimp Market Forecast: Consumption Volume (in '000 Tons), 2024-2032
Figure 23: Europe: Shrimp Industry: SWOT Analysis
Figure 24: Europe: Shrimp Industry: Value Chain Analysis
Figure 25: Europe: Shrimp Industry: Porter’s Five Forces Analysis
Figure 26: Europe: Farmed Shrimp Market: Consumption Volume (in '000 Tons), 2018 & 2023
Figure 27: Europe: Farmed Shrimp Market Forecast: Consumption Volume (in '000 Tons), 2024-2032
Figure 28: Europe: Wild Shrimp Market: Consumption Volume (in '000 Tons), 2018 & 2023
Figure 29: Europe: Wild Shrimp Market Forecast: Consumption Volume (in '000 Tons), 2024-2032
Figure 30: Europe: Shrimp Market (Domestic Production): Volume (in '000 Tons), 2018 & 2023
Figure 31: Europe: Shrimp Market Forecast (Domestic Production): Volume (in '000 Tons), 2024-2032
Figure 32: Europe: Shrimp Market (Imports): Volume (in '000 Tons), 2018 & 2023
Figure 33: Europe: Shrimp Market Forecast (Imports): Volume (in '000 Tons), 2024-2032
Figure 34: Europe: Shrimp Market (Penaeus Vannamei): Consumption Volume (in '000 Tons), 2018 & 2023
Figure 35: Europe: Shrimp Market Forecast (Penaeus Vannamei): Consumption Volume (in '000 Tons), 2024-2032
Figure 36: Europe: Shrimp Market (Penaeus Monodon): Consumption Volume (in '000 Tons), 2018 & 2023
Figure 37: Europe: Shrimp Market Forecast (Penaeus Monodon): Consumption Volume (in '000 Tons), 2024-2032
Figure 38: Europe: Shrimp Market (Macrobrachium Rosenbergii): Consumption Volume (in '000 Tons), 2018 & 2023
Figure 39: Europe: Shrimp Market Forecast (Macrobrachium Rosenbergii): Consumption Volume (in '000 Tons), 2024-2032
Figure 40: Europe: Shrimp Market (Other Species): Consumption Volume (in '000 Tons), 2018 & 2023
Figure 41: Europe: Shrimp Market Forecast (Other Species): Consumption Volume (in '000 Tons), 2024-2032
Figure 42: Europe: Shrimp Market (Peeled): Consumption Volume (in '000 Tons), 2018 & 2023
Figure 43: Europe: Shrimp Market Forecast (Peeled): Consumption Volume (in '000 Tons), 2024-2032
Figure 44: Europe: Shrimp Market (Shell-on): Consumption Volume (in '000 Tons), 2018 & 2023
Figure 45: Europe: Shrimp Market Forecast (Shell-on): Consumption Volume (in '000 Tons), 2024-2032
Figure 46: Europe: Shrimp Market (Cooked): Consumption Volume (in '000 Tons), 2018 & 2023
Figure 47: Europe: Shrimp Market Forecast (Cooked): Consumption Volume (in '000 Tons), 2024-2032
Figure 48: Europe: Shrimp Market (Breaded): Consumption Volume (in '000 Tons), 2018 & 2023
Figure 49: Europe: Shrimp Market Forecast (Breaded): Consumption Volume (in '000 Tons), 2024-2032
Figure 50: Europe: Shrimp Market (Other Product Categories): Consumption Volume (in '000 Tons), 2018 & 2023
Figure 51: Europe: Shrimp Market Forecast (Other Product Categories): Consumption Volume (in '000 Tons), 2024-2032
Figure 52: Europe: Shrimp Market: Sales through Hypermarkets and Supermarkets (in '000 Tons), 2018 & 2023
Figure 53: Europe: Shrimp Market Forecast: Sales through Hypermarkets and Supermarkets (in '000 Tons), 2024-2032
Figure 54: Europe: Shrimp Market: Sales through Convenience Stores (in '000 Tons), 2018 & 2023
Figure 55: Europe: Shrimp Market Forecast: Sales through Convenience Stores (in '000 Tons), 2024-2032
Figure 56: Europe: Shrimp Market: Sales through Hotels and Restaurants (in '000 Tons), 2018 & 2023
Figure 57: Europe: Shrimp Market Forecast: Sales through Hotels and Restaurants (in '000 Tons), 2024-2032
Figure 58: Europe: Shrimp Market: Sales through Online Stores (in '000 Tons), 2018 & 2023
Figure 59: Europe: Shrimp Market Forecast: Sales through Online Stores (in '000 Tons), 2024-2032
Figure 60: Europe: Shrimp Market: Sales through Other Distribution Channels (in '000 Tons), 2018 & 2023
Figure 61: Europe: Shrimp Market Forecast: Sales through Other Distribution Channels (in '000 Tons), 2024-2032
List of Tables
Table 1: Global: Shrimp Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Farmed Shrimp Market: Key Industry Highlights, 2023 and 2032
Table 3: Europe: Shrimp Market: Key Industry Highlights, 2023 and 2032
Table 4: Europe: Shrimp Market Forecast: Breakup by Environment (in '000 Tons), 2024-2032
Table 5: Europe: Shrimp Market Forecast: Breakup by Domestic Production and Imports (in '000 Tons), 2024-2032
Table 6: Europe: Shrimp Market Forecast: Breakup by Species (in '000 Tons), 2024-2032
Table 7: Europe: Shrimp Market Forecast: Breakup by Product Categories (in '000 Tons), 2024-2032
Table 8: Europe: Shrimp Market Forecast: Breakup by Distribution Channel (in '000 Tons), 2024-2032
Table 9: Europe: Shrimp Market: Competitive Structure
Table 10: Europe: Shrimp Market: Key Players

Methodology

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Table Information