Italy Shrimp Market Size & Outlook, 2022-2030

L. vannamei was the largest segment with a revenue share of 45.33% in 2022. Horizon Databook has segmented the Italy 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.

Italian cuisine is known for its diversity and includes a wide range of seafood dishes. Shrimp is a versatile ingredient used in various Italian recipes, such as shrimp scampi, shrimp risotto, and seafood pasta. Italy is a Mediterranean country, and seafood, including shrimp, is a fundamental component of this cuisine, contributing to its popularity and demand. Shrimp is widely available in Italian supermarkets, seafood markets, and specialty stores, making it accessible to consumers across the country. There is a growing awareness of health and nutrition among consumers in the country.

Shrimp is considered a lean source of protein and is low in saturated fats, making it a popular choice for health conscious individuals. Moreover, Italian restaurants, in Italy and around the world, often feature shrimp dishes on their menus. This continued exposure to shrimp bodes well for the shrimp market. Higher shrimp fishery means more shrimp available for sale in the local market and different types of shrimp are available during different seasons.

According to statistics published by the European Market Observatory for Fisheries and Aquaculture Products (EUMOFA) in November 2022, blue and red shrimp fishery was highest during summers. The greatest peak was recorded in July 2020. Blue and red shrimp sales were 80% higher in January 2022 as compared to January 2021. This increased supply can help meet consumer demand, reduce the need for imports, and stabilize prices, making shrimp more accessible to a broader range of consumers.