PUBLISHER: IMARC | PRODUCT CODE: 1467677
PUBLISHER: IMARC | PRODUCT CODE: 1467677
Europe Shrimp Market Report by Environment, Domestic Production and Imports, Species, Product Categories, Distribution Channel 2024-2032
The Europe shrimp market size reached 863.3 Kilo Tons in 2023. Looking forward, IMARC Group expects the market to reach 1,009.6 Kilo Tons by 2032, exhibiting a growth rate (CAGR) of 1.7% during 2024-2032.
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:
IMARC Group 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. Our 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
