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Europe Shrimp Market

Europe Shrimp Market Share, Size, Outlook, Forecast: By Environment: Wild, Farmed; By Species: Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, Others; By Product Type; By Distribution Channel; By Source; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032

Europe Shrimp Market Outlook

The Europe shrimp market attained a volume of 1,115.3 KMT in 2023. The market is estimated to observe a CAGR of 1.6% in the forecast period of 2024-2032 to reach a volume of 1,219.0 KMT by 2032.

 

Europe Shrimp Market

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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: 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.

 

Europe Shrimp Market By Environment

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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 product type, the market is categorised into:

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

Based on distribution channel, the market can be segmented into:

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

By source, the market 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.

 

Europe Shrimp Market By Region

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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 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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Environment
  • Species
  • Product Type
  • Distribution Channel
  • Source
  • Region
Breakup by Environment
  • Wild
  • Farmed
Breakup by Species
  • Penaeus Vannamei
  • Penaeus Monodon
  • Macrobrachium Rosenbergii
  • Others
Breakup by Product Type
  • Peeled
  • Shell-On
  • Cooked
  • Breaded
  • Others
Breakup by Distribution Channel
  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Hotels and Restaurants
  • Online
  • Others
Breakup by Source
  • Domestic Production
  • Imports
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nordic Seafood A/S
  • Heiploeg International B.V.
  • Viciunai Group
  • Afentoulis Liveris & Co. O.E.
  • Sykes Seafoods Ltd.
  • Seamark plc
  • Morubel NV
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Europe Shrimp Market Analysis

    8.1    Key Industry Highlights
    8.2    Europe Shrimp Historical Market (2018-2023) 
    8.3    Europe Shrimp Market Forecast (2024-2032)
    8.4    Europe Shrimp Market by Environment
        8.4.1    Wild
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Farmed
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Europe Shrimp Market by Species
        8.5.1    Penaeus Vannamei
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Penaeus Monodon
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Macrobrachium Rosenbergii
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Europe Shrimp Market by Product Type
        8.6.1    Peeled
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Shell-On
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Cooked
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Breaded
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Europe Shrimp Market by Distribution Channel
        8.7.1    Hypermarkets and Supermarkets
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Convenience Stores
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Hotels and Restaurants
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Online
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others
    8.8    Europe Shrimp Market Breakup by Source
        8.8.1    Domestic Production
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Imports
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
    8.9    Europe Shrimp Market by Country
        8.9.1    United Kingdom
        8.9.2    Germany
        8.9.3    France
        8.9.4    Italy
        8.9.5    Netherland
        8.9.6    Spain
        8.9.7    Others
9    Regional Analysis
    9.1    United Kingdom
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Germany
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    France
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Italy
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
    9.5    Netherland
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
    9.6    Spain
        9.6.1    Historical Trend (2018-2023)
        9.6.2    Forecast Trend (2024-2032)
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    Key Indicators for Demand
    10.4    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 (2018-2023) and Forecast (2024-2032)
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 International B.V.
            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    Viciunai Group
            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    Afentoulis Liveris & Co. O.E.
            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    Seamark plc
            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    Morubel NV
            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    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Europe Shrimp Market: Key Industry Highlights, 2018 and 2032
2.    Europe Shrimp Historical Market: Breakup by Environment (KMT), 2018-2023
3.    Europe Shrimp Market Forecast: Breakup by Environment (KMT), 2024-2032
4.    Europe Shrimp Historical Market: Breakup by Species (KMT), 2018-2023
5.    Europe Shrimp Market Forecast: Breakup by Species (KMT), 2024-2032
6.    Europe Shrimp Historical Market: Breakup by Product Type (KMT), 2018-2023
7.    Europe Shrimp Market Forecast: Breakup by Product Type (KMT), 2024-2032
8.    Europe Shrimp Historical Market: Breakup by Distribution Channel (KMT), 2018-2023
9.    Europe Shrimp Market Forecast: Breakup by Distribution Channel (KMT), 2024-2032
10.    Europe Shrimp Historical Market: Breakup by Source (KMT), 2018-2023
11.    Europe Shrimp Market Forecast: Breakup by Source (KMT), 2024-2032
12.    Europe Shrimp Historical Market: Breakup by Country (KMT), 2018-2023
13.    Europe Shrimp Market Forecast: Breakup by Country (KMT), 2024-2032
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 2018-2028
19.    Europe Shrimp Market Structure

Key Questions Answered in the Report

In 2023, the Europe shrimp market attained a volume of 1,115.3 KMT.

The market is projected to grow at a CAGR of 1.6% between 2022 and 2024.

The major market drivers include rising disposable incomes, the increasing consumption of fish and seafood, the increasing population, the expanding food service sector, and the robust growth of the frozen food sector.

The rising awareness regarding sustainably certified seafood and the increasing preference for frozen fish products are the key trends guiding the market development.

The major countries in Europe include the United Kingdom, Germany, France, Italy, the Netherlands, and Spain, among others.

The various segments based on environment of the product include wild and framed.

The leading species of shrimp in the Europe market are Penaeus Vannamei, Penaeus Monodon, and Macrobrachium Rosenbergii, among others.

The significant product types in the market 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 sources in the market are domestic production and imports.

The major players in the market 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 1,115.3 KMT in 2023, 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 2024-2032, growing at a CAGR of 1.6%.

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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