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Europe Shrimp Market Report and Forecast 2023-2028

Europe Shrimp Market Report and Forecast 2023-2028

Europe Shrimp Market Report and Forecast 2023-2028

Market Outlook
According to the report by Expert Market Research (EMR), the Europe shrimp market reached a volume of 1,115.3 KMT in 2022. Aided by the growing per capita consumption of seafood and increase in sales of pre-packed and frozen fish products, the market is projected to further grow at a CAGR of 1.6% between 2023 and 2028 to reach a volume of 1,219.0 KMT by 2028.

Shrimp, a versatile seafood item, is a rich source of protein and other essential nutrients, including iodine, selenium, and vitamin B12. It is widely used in various cuisines due to its delicate flavour and texture. Besides its culinary uses, shrimp also finds applications in dietary supplements due to its high protein content and the presence of omega-3 fatty acids, which are beneficial for heart health.

The escalating demand for protein-rich seafood is one of the key trends driving the Europe shrimp market growth. There has been a significant shift towards including more seafood in European diets as a result of increased understanding of the health advantages of seafood eating. Demand for foods, goods, and supplements made with prawns has increased as a result of this change. Additionally, the rising popularity of fitness and wellness has boosted shrimp's status as a staple food among health-conscious people.

The rising uses of shrimp in different cuisines are a major contributor to the expansion of the shrimp market in Europe. Shrimp is a fundamental ingredient in Mediterranean cuisine, which is prevalent in southern Europe. In recent years, Asian cuisines, where shrimp is a primary ingredient, have gained popularity in the region, contributing to the Europe shrimp market development. The primary drivers also include the rising demand for seafood products at competitive prices and the change in the prawn processing industry towards high volume and frozen product markets.

Moreover, the increasing demand for alternative protein sources in the food and beverage industry has led to a heightened focus on shrimp as a potential ingredient for various plant-based products. The emergence of innovative shrimp-based products, such as shrimp burgers and shrimp protein powders, have catered to the growing demand for alternative protein sources, thereby bolstering the Europe shrimp market expansion.

Market Segmentation
The market can be divided based on environment, species, product type, distribution channel, source, and country.

Market Breakup by Environment

Market Breakup by Species
•Penaeus Vannamei
•Penaeus Monodon
•Macrobrachium Rosenbergii

Market Breakup by Product Type

Market Breakup by Distribution Channel
•Hypermarkets and Supermarkets
•Convenience Stores
•Hotels and Restaurants

Market Breakup by Source
•Domestic Production

Market Breakup by Country
•United Kingdom
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Europe shrimp companies. Some of the major key 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

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Table of Contents

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 (2018-2022)
8.3 Europe Shrimp Market Forecast (2023-2028)
8.4 Europe Shrimp Market by Environment
8.4.1 Wild Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.4.2 Farmed Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.5 Europe Shrimp Market by Species
8.5.1 Penaeus Vannamei Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.5.2 Penaeus Monodon Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.5.3 Macrobrachium Rosenbergii Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.5.4 Others
8.6 Europe Shrimp Market by Product Type
8.6.1 Peeled Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.6.2 Shell-On Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.6.3 Cooked Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.6.4 Breaded Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.6.5 Others
8.7 Europe Shrimp Market by Distribution Channel
8.7.1 Hypermarkets and Supermarkets Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.7.2 Convenience Stores Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.7.3 Hotels and Restaurants Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.7.4 Online Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.7.5 Others
8.8 Europe Shrimp Market Breakup by Source
8.8.1 Domestic Production Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.8.2 Imports Historical Trend (2018-2022) Forecast Trend (2023-2028)
8.9 Europe Shrimp Market by Country
8.9.1 Market Share United Kingdom Germany France Italy Netherland Spain Others
9 Regional Analysis
9.1 United Kingdom
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Germany
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 France
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Italy
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Netherland
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.6 Spain
9.6.1 Historical Trend (2018-2022)
9.6.2 Forecast Trend (2023-2028)
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 (2018-2022) and Forecast (2023-2028)
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 Company Overview Product Portfolio Demographic Reach and Achievements Certifications
15.2.2 Heiploeg International B.V. Company Overview Product Portfolio Demographic Reach and Achievements Certifications
15.2.3 Viciunai Group Company Overview Product Portfolio Demographic Reach and Achievements Certifications
15.2.4 Afentoulis Liveris & Co. O.E. Company Overview Product Portfolio Demographic Reach and Achievements Certifications
15.2.5 Sykes Seafoods Ltd. Company Overview Product Portfolio Demographic Reach and Achievements Certifications
15.2.6 Seamark plc Company Overview Product Portfolio Demographic Reach and Achievements Certifications
15.2.7 Morubel NV Company Overview Product Portfolio Demographic Reach and Achievements Certifications
15.2.8 Others
16 Industry Events and Developments

Report Title: Europe Shrimp Market Report and Forecast 2023-2028

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