Europe Shrimp Market to be Driven by Increased Seafood Consumption and its Health Benefits in the Forecast Period of 2021-2026

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.

Note 1:Note 1: For a snapshot of the primary and secondary data of the market (2015-2025)market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hourswithin 24 hours

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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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