Spain Shrimp Market Size & Outlook, 2022-2030
Spain shrimp market, 2017-2030 (US$M)
Related Markets
Spain shrimp market highlights
- The Spain shrimp market generated a revenue of USD 1,456.5 million in 2022 and is expected to reach USD 2,162.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.1% 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 1,456.5 million |
| Market revenue in 2030 | USD 2,162.7 million |
| Growth rate | 5.1% (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, Spain accounted for 2.1% 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 Spain 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.
Shrimp, particularly prawns, hold cultural significance in Spain, especially in coastal regions like Andalusia and Catalonia. Shrimp-based dishes like "gambas al ajillo" (garlic shrimp) and "gambas a la plancha" (grilled shrimp) are traditional and cherished parts of Spanish cuisine, driving consistent consumption.
In February 2022, Noray Seafood, a shrimp producer in Spain, announced a USD 17.17 million investment, led by Creadev, an investment company operating worldwide directed at accelerating its growth plans of sustainable indoor shrimp farming in Spain.
The raised funds were allocated to bolster the company's expansion strategy, enabling an increase in production capacity at its Medina del Campo facility, situated approximately 1.5 hours to the north of Madrid, Spain. Such efforts will propel the shrimp market in the country.
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Shrimp Market Scope
Shrimp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain shrimp market size, by species, 2017-2030 (US$M)
Spain Shrimp Market Outlook Share, 2022 & 2030 (US$M)
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