Europe Shrimp Market Report and Forecast 2021-2026processed product type
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The key highlights of the report include:
Market Overview (2016-2026): -
Historical Volume (2020): -
Forecast CAGR (2021-2026): -
The various health and nutritional benefits are one of the key catalysts driving the shrimp demand in Europe. Astaxanthin, a carotenoid nutrient that can serve as a strong antioxidant and protects the skin from premature ageing, is found in shrimps. Selenium, which activates the enzymes required for healthy muscle metabolism, and also activates the enzymes that combat cancer growth, is also filled with them. Due to increasing awareness of the product’s health benefits, the Europe shrimp market is going to increase in the forecast period.
Industry Definition and Major Segments
Shrimps have thin and delicate legs and are small marine creatures. They are commonly found in rivers, lakes, as well as some coasts, along the seafloor. One of the most flavoured and tasty delicacies from the congregation of seafood is shrimps.
On the basis of environment, the industry is divided into
Wild
Farmed
species
Penaeus Vannamei
Penaeus Monodon
Macrobrachium Rosenbergii
Others
processed product type
Peeled
Shell-On
Cooked
Breaded
Others
distribution channel
Hypermarkets and Supermarkets
Convenience Stores
Hotels and Restaurants
Online
Others
egment
Domestic Production
Imports
region
United Kingdom
Germany
France
Italy
Netherland
Spain
Others
Market Trends
The shrimp industry in Europe is driven by the region's rising per capita consumption of seafood. The growing demand for competitively priced seafood commodities and the change from the shrimp processing market to the high volume and frozen commodity segments are the key market drivers. Other factors are also contributing to the demand growth, such as the growing population and the booming food service industry in the area. The increase in sales of pre-packed and frozen fish items, along with the preference for sustainable certified seafood, is expected to remain a key trend over the forecast period. But due to COVID-19, the shrimp market is going to face adverse effects caused by supply chain disruptions across industries.
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Key Market Players
The major players in the market are Nordic Seafood A/S, Heiploeg Group, Vichiunai-RUS OOO, Liveris Afentoulis & Co., Sykes Seafoods Ltd., Shore NV, Seamark plc, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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