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Historical Year
Forecast Year
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.
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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 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:
The various species available in the industry include:
On the basis of product type, the market is categorised into:
Based on distribution channel, the market can be segmented into:
By source, the market can be divided into:
The regional markets for the product in Europe include Germany, the United Kingdom, France, Italy, Netherland, and Spain, among others.
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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.
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:
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.
| 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:
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| Breakup by Environment |
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| Breakup by Species |
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| Breakup by Product Type |
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| Breakup by Distribution Channel |
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| Breakup by Source |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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