Europe Shrimp Market Outlook
According to the report by Expert Market Research (EMR), the Europe shrimp market size attained a value of 1,115.3 KMT in 2024. Driven by the increasing demand for seafood products, particularly in the form of high-protein, low-fat food items, and the growing popularity of shrimp in various cuisines, the market is projected to grow further at a CAGR of 1.6% between 2025 and 2034, reaching a value of 1,219.0 KMT by 2034.
Shrimp is one of the most widely consumed seafood products in Europe, known for its versatility, rich nutritional profile, and quick cooking time. Whether in the form of fresh, frozen, or processed shrimp, this seafood item has secured its place in households and restaurants alike, becoming a key ingredient in a variety of dishes. Apart from its culinary popularity, shrimp offers a range of health benefits, including high-quality protein, low levels of fat, and essential vitamins and minerals. As a result, the demand for shrimp continues to rise across Europe, with both wild-caught and farmed shrimp playing crucial roles in the market's expansion.
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Key Drivers of Market Growth
Several key factors are contributing to the growth of the Europe shrimp market, including changing consumer preferences, advancements in shrimp farming techniques, and increased awareness of the health benefits associated with seafood consumption.
Rising Consumer Demand for Seafood: One of the main drivers behind the growth of the European shrimp market is the increasing consumer preference for seafood. As consumers become more health-conscious, they are seeking out lean sources of protein, such as shrimp, to replace higher-fat meat options. Seafood, including shrimp, is often regarded as a healthier alternative due to its low fat content, high levels of omega-3 fatty acids, and beneficial nutrients like iodine and selenium.
Furthermore, the growing interest in Mediterranean and Asian cuisines, where shrimp plays a prominent role, has contributed to the surge in demand. Shrimp is increasingly being featured in a wide range of dishes, from salads and pastas to stir-fries and sushi. As the trend toward more diverse and globalized food options continues to grow, shrimp's versatility and appeal make it a popular choice for both home cooks and professional chefs.
Expansion of Shrimp Farming Practices: The shrimp farming industry in Europe has witnessed significant advancements over the past decade. With innovations in aquaculture technology, farming practices have become more efficient, sustainable, and environmentally friendly. As a result, the supply of farmed shrimp has increased, helping to meet the rising demand across Europe.
Shrimp farming has shifted toward more sustainable methods, with an increasing focus on responsible practices to reduce the environmental impact. For example, closed-loop systems and recirculating aquaculture systems (RAS) are being used to minimize water use and waste, while selective breeding has improved shrimp quality and yield. As sustainability becomes a more significant concern for both consumers and businesses, these improvements in farming techniques are playing a pivotal role in the market's growth.
Health Consciousness and Nutritional Benefits of Shrimp: With the growing focus on health and wellness, more consumers are looking for protein-rich, low-fat foods to incorporate into their diets. Shrimp fits well into this trend, as it provides a lean source of protein with essential vitamins and minerals, including vitamin B12, iodine, and selenium. Shrimp is also lower in calories compared to other meats, making it an attractive option for those who are watching their calorie intake.
In addition to being a low-calorie source of protein, shrimp is rich in antioxidants, such as astaxanthin, which supports heart health and helps protect cells from oxidative stress. These health benefits are driving more people to include shrimp in their diets, further boosting its popularity and demand across the European market.
Growing Popularity of Ready-to-Eat and Processed Shrimp Products: Another key factor fueling the growth of the shrimp market in Europe is the increasing demand for convenient, ready-to-eat, and processed shrimp products. As busy lifestyles lead to a demand for quick, easy-to-prepare meals, processed shrimp items such as shrimp cocktails, shrimp frozen meals, and shrimp salads are becoming increasingly popular.
Frozen and pre-cooked shrimp offer convenience, allowing consumers to enjoy seafood dishes with minimal preparation. Moreover, processed shrimp products often come in vacuum-sealed packaging, preserving freshness and extending shelf life, which makes them an ideal choice for retailers and consumers alike.
Technological Innovations in the Shrimp Industry
Technological advancements in shrimp farming, processing, and logistics are reshaping the European shrimp market. Innovations in breeding, farming practices, and preservation methods are allowing for more efficient production, better quality shrimp, and improved sustainability.
Improved Shrimp Farming Techniques: Shrimp farming has become increasingly sophisticated in recent years, with significant improvements in breeding, nutrition, and farming systems. Selective breeding is helping to create stronger, more disease-resistant shrimp, while innovations in feed technology are ensuring that farmed shrimp receive the best possible nutrition for optimal growth.
Moreover, the development of closed-loop aquaculture systems is allowing shrimp to be farmed in a controlled, environmentally sustainable manner. These systems can reduce water consumption, minimize waste, and ensure that farmed shrimp are raised in optimal conditions. The shift toward more sustainable farming practices is expected to contribute to the continued growth of the European shrimp market as both consumers and businesses prioritize environmental responsibility.
Advanced Processing Technologies: In addition to improvements in farming practices, the shrimp processing industry is also benefiting from technological advancements. Innovations in freezing techniques, such as blast freezing and liquid nitrogen freezing, are enabling shrimp to retain their freshness and flavor for longer periods. These technologies also help maintain the nutritional integrity of the shrimp, ensuring that consumers receive a high-quality product.
Moreover, automation in shrimp processing is improving efficiency, reducing labor costs, and increasing the consistency and quality of shrimp products. As a result, processed shrimp is becoming more affordable and accessible, which is driving its demand across Europe.
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Europe Shrimp Market Segmentation
The market can be divided based on the environment, species, product type, distribution channel, source, and country.
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 Country
- United Kingdom
- Germany
- France
- Italy
- Netherland
Competitive Landscape
Some of the major players explored in the report by Expert Market Research are as follows:
- Nordic Seafood A/S
- Heiploeg International B.V.
- Viciunai Group
- Afentoulis Liveris & Co. O.E.
- Sykes Seafoods Ltd.
- Seamark plc
- Morubel NV
- Others
Regional Insights
Europe is a significant market for shrimp, with demand driven by both traditional consumption habits and emerging trends in the food industry. While shrimp consumption is widespread across the continent, certain regions have a particularly high demand:
Southern Europe, particularly coastal countries like Spain, Italy, and Greece, has a long tradition of seafood consumption, making shrimp an integral part of the local diet. In these regions, shrimp is commonly found in Mediterranean seafood dishes, which are popular both at home and in restaurants.
Western Europe, including countries like France and the United Kingdom, has seen an increasing preference for seafood in recent years, particularly in the context of health-conscious eating and culinary experimentation. Supermarkets and foodservice establishments in these countries are responding to the demand by offering a variety of shrimp products.
Northern and Eastern Europe are also experiencing growing demand for shrimp, driven by an increasing interest in seafood and international cuisine. With rising disposable incomes and a shift toward healthier eating habits, these regions are expected to see continued growth in shrimp consumption.
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