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Europe Shrimp Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

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Europe Shrimp Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

June 29
17:56 2022
Europe Shrimp Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.
Europe Shrimp Market Report and Forecast 2021-2026
Europe Shrimp Market To Be Driven By Increased Seafood Consumption And Its Health Benefits In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Europe Shrimp Market Report and Forecast 2021-2026’, gives in-depth analysis of the Europe Shrimp Market, assessing the market based on its segments like environment, species, processed product type, distribution channel, segment, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026): –

  • Historical Volume (2020): – 94 kilo tons
  • Forecast CAGR (2021-2026): – 8 %

The various health and nutritional benefits are one of the key catalysts driving the shrimp demand in Europe. Astaxanthin, a carotenoid nutrient that can serve as a strong antioxidant and protects the skin from premature ageing, is found in shrimps. Selenium, which activates the enzymes required for healthy muscle metabolism, and also activates the enzymes that combat cancer growth, is also filled with them. Due to increasing awareness of the product’s health benefits, the Europe shrimp market is going to increase in the forecast period.

Industry Definition and Major Segments

Shrimps have thin and delicate legs and are small marine creatures. They are commonly found in rivers, lakes, as well as some coasts, along the seafloor. One of the most flavoured and tasty delicacies from the congregation of seafood is shrimps.

On the basis of environment, the industry is divided into:

  • Wild
  • Farmed

By species, the industry is divided into:

  • Penaeus Vannamei
  • Penaeus Monodon
  • Macrobrachium Rosenbergii
  • Others

On the basis of processed product type, the industry is segmented into:

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

On the basis of distribution channel, the industry is categorised into:

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

On the basis of segment, the industry is bifurcated into:

  • Domestic Production
  • Imports

Based on region, the industry is divided into:

  • United Kingdom
  • Germany
  • France
  • Italy
  • Netherland
  • Spain
  • Others

Market Trends

The shrimp industry in Europe is driven by the region’s rising per capita consumption of seafood. The growing demand for competitively priced seafood commodities and the change from the shrimp processing market to the high volume and frozen commodity segments are the key market drivers. Other factors are also contributing to the demand growth, such as the growing population and the booming food service industry in the area. The increase in sales of pre-packed and frozen fish items, along with the preference for sustainable certified seafood, is expected to remain a key trend over the forecast period. But due to COVID-19, the shrimp market is going to face adverse effects caused by supply chain disruptions across industries.

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Key Market Players

The major players in the market are Nordic Seafood A/S, Heiploeg Group, Vichiunai-RUS OOO, Liveris Afentoulis & Co., Sykes Seafoods Ltd., Shore NV, Seamark plc, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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