Europe Shrimp Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$10,379.7

Forecast, 2030 (US$M)

$15,641.4

CAGR, 2023 - 2030

5.3%

Report Coverage

Europe

Europe shrimp market, 2017-2030 (US$M)

Related Markets

Europe shrimp market highlights

The Europe shrimp market generated a revenue of USD 10,379.7 million in 2022.
The market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
In terms of segment, l. vannamei was the largest revenue generating species in 2022.
P. chinensis is the most lucrative species segment registering the fastest growth during the forecast period.
Country-wise, Spain is expected to register the highest CAGR from 2023 to 2030.

Europe data book summary

Market revenue in 2022	USD 10,379.7 million
Market revenue in 2030	USD 15,641.4 million
Growth rate	5.3% (CAGR from 2022 to 2030)
Largest segment	L. vannamei
Fastest growing segment	P. chinensis
Historical data covered	2017 - 2021
Base year for estimation	2022
Forecast period covered	2023 - 2030
Quantitative units	Revenue in USD million
Market segmentation	L. vannamei, Trachipenaeus curvirostris, Pleoticus muelleri, P. monodon, Acetes japonicus, Pandalus borealis, P. chinensis
Key market players worldwide	Thai Union Group PCL ADR, Avanti Feeds, High Liner Foods, Surapon Foods, Clearwater Seafoods, Mazzetta Company, Aqua Star, Nordic Seafood, Waterbase, Ocean Direct

Other key industry trends

In terms of revenue, Europe region accounted for 15.2% of the global shrimp market in 2022.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
MEA is the fastest growing regional market and is projected to reach USD 2,203.6 million by 2030.

L. vannamei was the largest segment with a revenue share of 45.33% in 2022. Horizon Databook has segmented the Europe shrimp market based on l. vannamei, trachipenaeus curvirostris, pleoticus muelleri, p. monodon, acetes japonicus, pandalus borealis, p. chinensis covering the revenue growth of each sub-segment from 2017 to 2030.

There is a growing demand for shrimp and other seafood products in Europe, driven by rising consumer preference for healthier and protein-rich diets. Shrimp is considered a healthy source of protein, making it a popular choice. European consumers are increasingly concerned about sustainable and responsible seafood.

The shrimp industry has responded to this by adopting sustainable practices and acquiring aquaculture certifications like ASC (Aquaculture Stewardship Council) and MSC (Marine Stewardship Council). Ongoing efforts to address pressing issues facing the shrimp industry and encourage collaborations among industry leaders will bode well for the shrimp market in Europe.

For instance, the annual Global Shrimp Forum held in Utrecht, the Netherlands, is a dedicated platform for members of the Global Shrimp Forum Foundation, which includes feed companies, farmers, service providers, technology suppliers, exporters, processors, importers, retailers, wholesalers, and other industry stakeholders in the warm water shrimp industry. The event offers strong opportunities for networking and scientific and technological breakthroughs.

Key Regions: UK , U.S. , Japan , Brazil , Germany