Europe Shrimp Market Size, Share & Industry Share 2034

Europe Shrimp Market Outlook

The Europe shrimp market reached a volume of 1115.30 KMT in 2024 and is projected to grow at a CAGR of 1.60% during the forecast period from 2025 to 2034, reaching an estimated volume of 1307.16 KMT by 2034. The growth of the market is driven by rising consumer demand for seafood, particularly shrimp, which is increasingly considered a healthy and versatile protein source. The shrimp industry in Europe is seeing steady expansion, supported by an increase in both domestic production and imports. Shrimp is widely popular in various European cuisines and has gained prominence as part of a balanced diet due to its high protein and low-fat content. Additionally, factors such as evolving consumer preferences towards convenient food options and the growth of e-commerce are expected to influence the market positively. The growing awareness around sustainability in the seafood industry is also prompting the demand for responsibly farmed and wild-caught shrimp.

Europe Shrimp Market Trends

Several trends are shaping the European shrimp market, influenced by both consumer preferences and industry innovations. One significant trend is the growing demand for sustainably sourced shrimp, both wild-caught and farmed. European consumers are increasingly conscious of the environmental and ethical implications of their food choices, driving the demand for sustainably sourced seafood. Another trend is the increasing preference for convenience foods, including pre-cooked, breaded, and peeled shrimp products. These ready-to-eat options are popular among busy consumers seeking quick and easy meal solutions.

Furthermore, the growing popularity of shrimp in various forms, such as frozen, cooked, and breaded, is pushing the market towards more value-added shrimp products. The rise of online shopping and the expanding reach of e-commerce platforms are also playing a role in driving shrimp sales, particularly as more consumers opt for home deliveries. The shift in consumer tastes towards healthier, high-protein foods is another factor supporting the growth of the shrimp market, as shrimp is considered a lean and nutritious protein option.

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Europe Shrimp Market Growth

The European shrimp market is expected to grow steadily, driven by both domestic production and imports. Domestic production is increasing in countries with established seafood industries, while imports from major shrimp-producing countries like Thailand, Ecuador, and India are meeting the rising demand in Europe. The shrimp market’s growth is closely linked to the expansion of the foodservice industry, including hotels, restaurants, and quick-service restaurants (QSRs), where shrimp is widely used in various dishes. Additionally, the shift towards online food ordering and delivery services has provided a boost to the distribution of shrimp, as more consumers opt for the convenience of home-delivered seafood. The growing awareness of the nutritional benefits of shrimp, combined with a broader trend towards healthier eating, is further contributing to the market’s expansion. Innovations in processing and packaging, such as vacuum-sealed and ready-to-cook shrimp products, are also expected to support market growth by offering consumers more convenient and long-lasting options.

Market Segmentation

• Breakup by Environment

  • Wild – Wild-caught shrimp remains a significant segment in Europe, prized for its natural taste and texture. However, the wild shrimp industry faces challenges related to overfishing, environmental concerns, and the need for sustainable fishing practices. Despite these challenges, wild-caught shrimp continues to be highly valued in European markets, particularly among consumers seeking eco-friendly and sustainable options.

  • Farmed – The farmed shrimp sector is growing rapidly due to the increasing demand for shrimp and the ability to control production practices. Aquaculture has advanced with more sustainable farming practices, and farmed shrimp is gaining popularity due to its consistency in size, quality, and availability. The rise of sustainable shrimp farming practices, including certifications like ASC (Aquaculture Stewardship Council), is further driving the demand for farmed shrimp.

• Breakup by Species

  • Penaeus Vannamei – This species of shrimp, also known as the whiteleg shrimp, is the most widely farmed and consumed shrimp species globally, including in Europe. It is popular for its mild flavor and firm texture, making it ideal for a variety of dishes. The species is favored for both farmed and wild-caught shrimp markets.

  • Penaeus Monodon – Known as black tiger shrimp, this species is larger and has a distinctive flavor. It is more expensive than other species and is typically preferred in high-end restaurants or for gourmet applications. Although less common than Penaeus Vannamei, its popularity in Europe is growing due to its unique taste and size.

  • Macrobrachium Rosenbergii – Also known as giant river prawn, this species is less common in Europe compared to Penaeus species. However, it is still used in some niche markets and premium applications. It is prized for its large size and firm texture.

  • Others – Includes other shrimp species such as the Northern shrimp (Pandalus borealis), which is native to colder waters and is used in specific culinary applications, though it represents a smaller segment of the overall market.

• Breakup by Product Type

  • Peeled – Peeled shrimp is highly popular due to its convenience for cooking and consumption. It is widely used in both household kitchens and the foodservice industry, as it reduces preparation time and labor costs. Peeled shrimp is often found in both frozen and chilled forms.

  • Shell-On – Shell-on shrimp remains a popular choice among consumers who prefer the authentic taste and experience of peeling shrimp themselves. It is commonly used in gourmet recipes and high-end restaurants, where the preparation of the dish is part of the overall dining experience.

  • Cooked – Cooked shrimp is gaining popularity in the European market due to its convenience for consumers who want ready-to-eat seafood. Cooked shrimp is commonly sold in both retail and foodservice channels, and it is ideal for use in salads, pasta dishes, and appetizers.

  • Breaded – Breaded shrimp is a favorite in the foodservice and hospitality industries, particularly in quick-service restaurants (QSRs) and casual dining establishments. It is also growing in popularity for retail consumers who prefer frozen, easy-to-prepare shrimp products.

  • Others – Includes other forms of shrimp such as marinated, seasoned, or flavored shrimp. These products cater to niche market demands and are often found in high-end supermarkets and gourmet stores.

• Breakup by Distribution Channel

  • Hypermarkets and Supermarkets – Hypermarkets and supermarkets are the largest distribution channels for shrimp in Europe, offering a wide range of frozen, fresh, and packaged shrimp products. These retail giants provide both value-priced and premium options to cater to different consumer segments.

  • Convenience Stores – Convenience stores provide consumers with ready-to-cook and pre-packaged shrimp products, typically in frozen form. These stores are popular for quick and easy access to food products, particularly in urban areas.

  • Hotels and Restaurants – The foodservice sector, including hotels, restaurants, and catering services, is a major consumer of shrimp. This sector drives demand for large quantities of shrimp, including premium, shell-on, and cooked varieties.

  • Online – Online retail is becoming an increasingly important distribution channel for shrimp, particularly with the rise of e-commerce and home delivery services. Online platforms allow consumers to conveniently purchase shrimp and other seafood products, often with the added benefit of home delivery.

  • Others – Includes wholesale distributors, fish markets, and direct sales from suppliers to industrial buyers.

• Breakup by Source

  • Domestic Production – Domestic production of shrimp in European countries is limited, but it still contributes to the market, especially in regions where shrimp farming is viable. The growing trend towards aquaculture is expected to boost domestic production over the forecast period.

  • Imports – The majority of shrimp consumed in Europe is imported from countries like Ecuador, Thailand, India, and Vietnam, where shrimp farming is well-established. Imports are expected to remain the dominant source of shrimp in the European market.

• Breakup by Region

  • United Kingdom – The UK remains one of the largest markets for shrimp in Europe, with high demand in both the retail and foodservice sectors. The country imports significant volumes of shrimp and has a growing preference for sustainable seafood.

  • Germany – Germany is a key market for shrimp in Europe, particularly in the retail sector, where frozen and packaged shrimp are popular. The country has a strong demand for both wild-caught and farmed shrimp.

  • France – France is another significant market for shrimp, particularly in the foodservice and gourmet segments. The French cuisine often features shrimp in various dishes, driving demand for high-quality, shell-on, and premium shrimp products.

  • Italy – Italy’s shrimp market is driven by the country’s strong culinary tradition, where seafood plays a key role in many regional dishes. Shrimp is commonly used in pasta, risotto, and salads, making it a popular ingredient in both retail and foodservice applications.

  • Netherlands – The Netherlands serves as a key entry point for shrimp into the European market due to its well-developed seafood import infrastructure. It also acts as a major distribution hub for other European countries.

  • Spain – Spain is another major consumer of shrimp, with high demand in both the retail and foodservice sectors. The Mediterranean diet, which heavily features seafood, drives shrimp consumption in Spain.

Market Key Players

• Nordic Seafood A/S – A leading supplier of seafood in Europe, Nordic Seafood specializes in sustainable shrimp and other seafood products. The company is known for its commitment to ethical sourcing and high-quality offerings.

• Heiploeg International B.V. – Heiploeg is a prominent player in the European shrimp market, offering both wild-caught and farmed shrimp. The company focuses on providing sustainable seafood options to consumers and businesses.

• Viciunai Group – A key producer of shrimp and other seafood products, Viciunai Group is known for its high-quality frozen shrimp offerings, which are popular in European supermarkets and foodservice sectors.

• Afentoulis Liveris & Co. O.E. – A family-owned seafood company, Afentoulis Liveris specializes in the import and distribution of shrimp in the European market. The company offers a variety of shrimp products to meet consumer demands for both wild-caught and farmed options.

• Sykes Seafoods Ltd. – Sykes Seafoods is a well-established player in the UK shrimp market, offering both fresh and frozen shrimp products to retailers and foodservice operators.

• Seamark plc – A major supplier of frozen seafood, Seamark plc offers a wide range of shrimp products to the European market. The company focuses on high-quality shrimp sourced from sustainable farms.

• Morubel NV – Morubel is a leading supplier of shrimp in Europe, known for its commitment to sustainable sourcing practices and its broad range of frozen and processed shrimp products.

• Others – Includes various regional and emerging players contributing to the European shrimp market by offering a variety of shrimp products for different consumer segments.