Germany Shrimp Market Size & Outlook, 2022-2030
Germany shrimp market, 2017-2030 (US$M)
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Germany shrimp market highlights
- The Germany shrimp market generated a revenue of USD 880.5 million in 2022 and is expected to reach USD 1,257.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.6% 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 880.5 million |
| Market revenue in 2030 | USD 1,257.0 million |
| Growth rate | 4.6% (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, Germany accounted for 1.3% 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 Germany 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.
German cuisine has been increasingly influenced by global culinary trends, including seafood dishes. The popularity of international cuisines that feature shrimp, such as Asian and Mediterranean, has led to greater consumer exposure and interest in shrimp.
A wide variety of shrimp products are available in Germany, including fresh, frozen, and value-added options. This diversity allows consumers to choose shrimp products that fit their preferences and dietary needs.
The growth in shrimp sales can be attributed to a dynamic culinary culture, a health-conscious consumer base, and rising awareness of sustainability in seafood consumption, among other factors. The demand for shrimp in the Germany market continues to grow, with the annual product demand ranging from 30,000 to 50,000 tons a year, according to an article published by The Fish Site Limited in October 2020.
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Shrimp Market Scope
Shrimp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany shrimp market size, by species, 2017-2030 (US$M)
Germany Shrimp Market Outlook Share, 2022 & 2030 (US$M)
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