France Shrimp Market Size & Outlook, 2022-2030
France shrimp market, 2017-2030 (US$M)
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France shrimp market highlights
- The France shrimp market generated a revenue of USD 1,704.1 million in 2022 and is expected to reach USD 2,490.6 million by 2030.
- The France market is expected to grow at a CAGR of 4.9% 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.
Shrimp market data book summary
| Market revenue in 2022 | USD 1,704.1 million |
| Market revenue in 2030 | USD 2,490.6 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | L. vannamei |
| Fastest growing segment | P. chinensis |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, France accounted for 2.5% of the global shrimp market in 2022.
- Country-wise, South Africa is expected to lead the global market in terms of revenue in 2030.
- In Europe, France shrimp market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 2,162.7 million by 2030.
L. vannamei was the largest segment with a revenue share of 45.33% in 2022. Horizon Databook has segmented the France 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.
The demand for seafood, including shrimp, continues to grow as consumers seek healthy and protein rich food options. Shrimp is known for its nutritional benefits, making it an attractive choice for health conscious consumers. Brown shrimp is one of the most consumed seafood in France, particularly in French seafood platters. Shrimp producers and suppliers are increasingly adopting sustainable and responsible aquaculture practices, which resonates with eco-conscious consumers.
Shrimp producers use water management techniques, such as recirculating aquaculture systems (RAS), to minimize water usage and reduce the risk of pollution. Some shrimp producers seek certifications from organizations like the Aquaculture Stewardship Council (ASC) and Global G.A.P. These certifications indicate compliance with specific sustainability and responsible aquaculture standards.
The development of local shrimp aquaculture farms in France can contribute to a steady supply of fresh and locally sourced shrimp, appealing to consumers who prefer domestic produce. In March 2022, French startup Lisaqua secured 4.9 million euros in funding to establish a land-based shrimp farm with a strong focus on sustainability.
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Shrimp Market Scope
Shrimp Market Companies
| Name | Profile | # Employees | HQ | Website |
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France shrimp market size, by species, 2017-2030 (US$M)
France Shrimp Market Outlook Share, 2022 & 2030 (US$M)
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