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Europe Shrimp Market: By Environment: Wild, Farmed; By Species: Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, Others; By Processed Product Type; By Distribution Channel; By Segment; Regional Analysis; Historical Market and Forecast (2020-2026); Competitive Landscape; Industry Events and Developments
Europe Shrimp Market Outlook
The Europe shrimp market reached a volume of 873.94 kilo tons in 2020. The market is further expected to grow at a CAGR of 0.8% in the forecast period of 2021-2026.
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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: Industry Definition and 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.
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Based on environment, the market is bifurcated into:
- Wild
- Farmed
The various species available in the industry include:
- Penaeus Vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
On the basis of processed product type, the industry is categorised into:
- Peeled
- Shell-On
- Cooked
- Breaded
- Others
Based on distribution channel, the industry can be segmented into:
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online
- Others
By segment, the industry can be divided into:
- Domestic Production
- Imports
The regional markets for the product in Europe include Germany, the United Kingdom, France, Italy, Netherland, and Spain, among others.
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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 Group
- Vichiunai-RUS OOO
- Liveris Afentoulis & Co.
- Sykes Seafoods Ltd.
- Shore NV
- Seamark plc
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Europe Shrimp Market Snapshot
7 Industry Opportunities and Challenges
8 Europe Shrimp Market Analysis
8.1 Key Industry Highlights
8.2 Europe Shrimp Historical Market (2016-2020)
8.3 Europe Shrimp Market Forecast (2021-2026)
8.4 Europe Shrimp Market by Environment
8.4.1 Wild
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Farmed
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Europe Shrimp Market by Species
8.5.1 Penaeus Vannamei
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Penaeus Monodon
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Macrobrachium Rosenbergii
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Others
8.6 Europe Shrimp Market by Processed Product Type
8.6.1 Peeled
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Shell-On
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Cooked
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Breaded
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.6.5 Others
8.7 Europe Shrimp Market by Distribution Channel
8.7.1 Hypermarkets and Supermarkets
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Convenience Stores
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Hotels and Restaurants
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 Online
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2016-2020)
8.7.4.3 Forecast Trend (2021-2026)
8.7.5 Others
8.8 Europe Shrimp Market Breakup by Segment
8.8.1 Domestic Production
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2016-2020)
8.8.1.3 Forecast Trend (2021-2026)
8.8.2 Imports
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2016-2020)
8.8.2.3 Forecast Trend (2021-2026)
8.9 Europe Shrimp Market by Country
8.9.1 Market Share
8.9.1.1 United Kingdom
8.9.1.2 Germany
8.9.1.3 France
8.9.1.4 Italy
8.9.1.5 Netherland
8.9.1.6 Spain
8.9.1.7 Others
9 Regional Analysis
9.1 United Kingdom
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.2 Germany
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.3 France
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.4 Italy
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.5 Netherland
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.6 Spain
9.6.1 Historical Trend (2016-2020)
9.6.2 Forecast Trend (2021-2026)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 Shrimp Historical Price Trend (2016-2020) and Forecast (2021-2026)
14 Shrimp Processesing
14.1 Overview
14.2 Detailed Process Flow
14.3 Operations Involved
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nordic Seafood A/S
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Heiploeg Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Vichiunai-RUS OOO
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Liveris Afentoulis & Co.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Sykes Seafoods Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Shore NV
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Seamark plc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Industry Events and Developments
List of Figures and Tables
1. Europe Shrimp Market: Key Industry Highlights, 2016 and 2026
2. Europe Shrimp Historical Market: Breakup by Environment (Kilo Tons), 2016-2020
3. Europe Shrimp Market Forecast: Breakup by Environment (Kilo Tons), 2021-2026
4. Europe Shrimp Historical Market: Breakup by Species (Kilo Tons), 2016-2020
5. Europe Shrimp Market Forecast: Breakup by Species (Kilo Tons), 2021-2026
6. Europe Shrimp Historical Market: Breakup by Processed Product Type (Kilo Tons), 2016-2020
7. Europe Shrimp Market Forecast: Breakup by Processed Product Type (Kilo Tons), 2021-2026
8. Europe Shrimp Historical Market: Breakup by Distribution Channel (Kilo Tons), 2016-2020
9. Europe Shrimp Market Forecast: Breakup by Distribution Channel (Kilo Tons), 2021-2026
10. Europe Shrimp Historical Market: Breakup by Segment (Kilo Tons), 2016-2020
11. Europe Shrimp Market Forecast: Breakup by Segment (Kilo Tons), 2021-2026
12. Europe Shrimp Historical Market: Breakup by Country (Kilo Tons), 2016-2020
13. Europe Shrimp Market Forecast: Breakup by Country (Kilo Tons), 2021-2026
14. Major Importing Countries by Volume (2020)
15. Major Exporting Countries by Volume (2020)
16. Major Importing Countries by Value (2020)
17. Major Exporting Countries by Value (2020)
18. Shrimp Historical Price Trends and Forecast 2016-2026
19. Europe Shrimp Market Structure
Key Questions Answered in the Report
In 2020, the Europe shrimp market attained a volume of 873.94 kilo tons.
The market is projected to grow at a CAGR of 0.8% between 2021 and 2026.
The major drivers of the industry, such as the rising disposable incomes, increasing consumption of fish and seafood, increasing population, expanding food service sector, and growth of the frozen food market, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing preference for frozen fish products among consumers and the rising awareness regarding sustainable certified seafoods.
The major regions in the industry are Germany, the United Kingdom, France, Italy, Netherland, and Spain, among others.
The major environment segments in the market are wild and farmed.
The leading species of shrimp in the Europe market are Penaeus Vannamei, Penaeus Monodon, and Macrobrachium Rosenbergii, among others.
The significant processed product types in the industry in Europe are peeled, shell-on, cooked, and breaded, among others.
The major distribution channels in the market are hypermarkets and supermarkets, convenience stores, hotels and restaurants, and online, among others.
The leading segments in the industry are domestic production and imports.
The major players in the industry are Nordic Seafood A/S, Heiploeg Group, Vichiunai-RUS OOO, Liveris Afentoulis & Co., Sykes Seafoods Ltd., Shore NV, and Seamark plc, among others.
Analyst Review
The Europe shrimp market attained a volume of 873.94 kilo tons in 2020, driven by the rising consumption of fish and seafood. Aided by the growing preference for frozen fish products, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 0.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By environment, the market is divided into wild and farmed. Based on species, the industry is segmented into Penaeus Vannamei, Penaeus Monodon, and Macrobrachium Rosenbergii, among others. On the basis of processed product type, the market is categorised into peeled, shell-on, cooked, and breaded, among others. By distribution channel, the industry is divided into hypermarkets and supermarkets, convenience stores, hotels and restaurants, and online, among others. Based on segment, the market is bifurcated into domestic production and imports. The major regional markets for shrimp in Europe are Germany, the United Kingdom, France, Italy, Netherland, and Spain, among others. The key players in the above market include Nordic Seafood A/S, Heiploeg Group, Vichiunai-RUS OOO, Liveris Afentoulis & Co., Sykes Seafoods Ltd., Shore NV, and Seamark plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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