Market Overview
The Europe shrimp market size reached 878 Kilo Tons in 2024 and is expected to grow to 1,016 Kilo Tons by 2033, reflecting a CAGR of 1.6% during 2025-2033. The market is fueled by increasing consumer interest in protein-rich diets and growing demand in retail and food service sectors. Sustainable seafood practices and shifting consumer preferences towards organic shrimp further support this growth.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
Europe Shrimp Market Key Takeaways
- The Europe shrimp market size was 878 Kilo Tons in 2024 and is projected to reach 1,016 Kilo Tons by 2033.
- The market is expected to grow at a CAGR of 1.6% during the forecast period of 2025-2033.
- There is growing awareness around shrimp’s health benefits, including high protein and essential nutrients.
- Consumers show increased interest in Asian flavors, where shrimp is a staple ingredient.
- The trend toward sustainable and responsibly sourced shrimp is becoming more prominent.
- Value-added and convenient shrimp products like ready-to-eat cooked and breaded shrimp are gaining traction.
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Market Growth Factors
Knowledge of shrimp as an excellent source of protein and other nutrients and its many health benefits, including improved bone and cognitive function and weight loss, reduced risk of cardiovascular disease, reduced eye fatigue and lowering of blood pressure, has resulted in increased consumption of shrimp in Europe. Shrimp consumption fits into weight loss trends because it has no carbohydrates.
Another thing that drives growth is the global preference that people have for shrimps cooked in local cuisines. Global desire for Asian cuisine increases because the dishes contain shrimps. Consumers, in addition to that, have taken an increasing interest in sustainable seafood practices, which include increased use of shrimp.
Convenience has played an important role in market development. Convenient cooked, breaded, canned, and semi-processed value-added ready-to-eat shrimp products are growing in demand because the consumer wants easy-to-prepare food items that fit their busy schedules. The increase in retailers and foodservice options that offer shrimp has also been a contributing factor.
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 – Represent the biggest segment.
- Convenience Stores
- Hotels and Restaurants
- Online Stores
- Others
Regional Insights
Northern Europe is emerging as a dominant region where shrimp is favored due to a strong commitment to sustainably sourced and certified seafood. Southern European countries, including Spain and Italy, maintain their historic prominence in shrimp consumption and imports. This geographic variation reflects a blend of evolving sustainability values in the North and traditional seafood preference in the South.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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