The Europe shrimp market size reached 878 Kilo Tons in 2024 and is expected to grow steadily to 1,016 Kilo Tons by 2033, with a CAGR of 1.6% during the forecast period 2025-2033. This growth is driven by rising consumer demand for protein-rich diets and expanding retail and food service sectors. The market shows a strong inclination towards organic and responsibly sourced shrimp, supported by innovative aquaculture methods to maintain year-round supply.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Europe Shrimp Market Key Takeaways
- Current Market Size: 878 Kilo Tons in 2024
- CAGR: 1.6%
- Forecast Period: 2025-2033
- The European shrimp market reflects a widespread enthusiasm for seafood and a tilt towards protein-rich diets.
- The retail and food service sectors are expanding their shrimp selections to meet changing consumer demands.
- Health benefits such as improved bone and brain health, weight management, and lowered cardiovascular risks are key drivers.
- There is a growing preference for organic and responsibly sourced shrimp, influenced by consumer curiosity about food ethics.
- North Europe emphasizes sustainably sourced seafood, while Southern countries like Spain and Italy lead in consumption and importation.
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Market Growth Factors
The growing awareness of the health benefits of shrimp is the major driving factor of the shrimp market in Europe․ Shrimp is an excellent source of protein, calcium and magnesium․ Benefits of shrimp consumption include support for brain and bone health, weight control, protection against cardiovascular disease, relief from eye fatigue, and lowering blood pressure․ Shrimp has no carbohydrate, making it useful to those on a carbohydrate-restricted diet․
The importance of Asian seasonings in European cuisine, where shrimp has customarily been a predominant product, growing interest in sustainability of fish and shellfish, and the slow but steady growth of the retail and food service sectors increasing their range of products in the various shrimp segments are likely to give more impetus to consumption․
The market is currently experiencing a shift towards sustainable aquaculture such as recirculating aquaculture systems (RAS) that are likely to create a steady supply chain․ Continuous year-round production from such farms and the growing demand for organic and sustainable shrimp are anticipated to fuel the market growth in the near future․
Market Segmentation
Environment
- Farmed
- Wild: Wild shrimps currently dominate the market.
Domestic Production and Imports
- Domestic Production
- Imports: The European shrimp industry is largely dependent upon imports.
Species
- Penaeus Vannamei: Currently dominates the market, holding the largest share.
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
Product Categories
- Peeled: Accounts for the largest market share, representing the leading segment.
- Shell-on
- Cooked
- Breaded
- Others
Distribution Channel
- Hypermarkets and Supermarkets: Currently represent the biggest segment.
- Convenience Stores
- Hotels and Restaurants
- Online Stores
- Others
Regional Insights
Shrimp consumption shows distinct geographical trends in Europe. Northern Europe is strongly committed to sustainably sourced and certified seafood, making shrimp a preferred seafood option in the region. Southern European countries such as Spain and Italy maintain longstanding seafood preferences, leading consumption and import volumes. The market is characterized by steady growth, supported by expanding retail and food service sectors. The overall Europe shrimp market has a CAGR of 1.6% forecasted for 2025-2033.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Customization Note
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