Italy Shrimp Market Size & Outlook, 2022-2030
Italy shrimp market, 2017-2030 (US$M)
Related Markets
Italy shrimp market highlights
- The Italy shrimp market generated a revenue of USD 518.0 million in 2022 and is expected to reach USD 749.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.7% 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 518.0 million |
| Market revenue in 2030 | USD 749.5 million |
| Growth rate | 4.7% (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, Italy accounted for 0.8% 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 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.
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Shrimp Market Scope
Shrimp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy shrimp market size, by species, 2017-2030 (US$M)
Italy Shrimp Market Outlook Share, 2022 & 2030 (US$M)
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