Europe Shrimp Market Outlook
According to the report by Expert Market Research (EMR), the Europe shrimp market size attained a value of 1,115.3 KMT in 2024. Driven by the increasing demand for high-protein seafood, growing consumer preferences for healthy and sustainable food options, and the rising popularity of shrimp-based dishes in European cuisine, the market is projected to further grow at a CAGR of 1.6% between 2025 and 2034, reaching a value of 1,219.0 KMT by 2034.
Shrimp is one of the most popular seafood items in Europe, valued for its versatility, rich nutritional profile, and delicious taste. It is widely used in various dishes, from appetizers to main courses, and is a staple ingredient in many Mediterranean and coastal European cuisines. Additionally, shrimp’s high protein content, low-fat content, and abundant omega-3 fatty acids make it an appealing choice for health-conscious consumers. The shrimp market in Europe is thriving, propelled by consumer demand for sustainable, ethically sourced, and high-quality seafood.
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Market Drivers
Several key factors are driving the growth of the shrimp market in Europe, including the increasing awareness of the health benefits of seafood, the demand for convenient and ready-to-eat meal solutions, and the rising popularity of ethical and sustainable sourcing practices in the seafood industry.
Health and Wellness Trends Fueling Shrimp Consumption: The growing awareness of the health benefits associated with seafood is one of the primary drivers of the shrimp market. Shrimp is considered a high-quality source of protein, containing all essential amino acids necessary for optimal health. Additionally, shrimp is low in fat, making it a healthier alternative to red meats, and is a rich source of vitamins and minerals, including vitamin B12, selenium, and iodine. These nutritional advantages have led to a shift towards more seafood-based diets in Europe.
As more European consumers prioritize healthy eating and seek nutritious food options, shrimp has become a popular choice for both home cooking and dining out. The increasing trend of flexitarianism—where individuals reduce their consumption of meat while still enjoying animal-based products like seafood—has further boosted the demand for shrimp. Health-conscious consumers are also becoming more inclined to choose shrimp over other animal proteins due to its favorable fat profile and lower environmental impact compared to beef and pork.
Rising Demand for Sustainable and Ethically Sourced Seafood: In recent years, there has been a significant shift in consumer preferences toward sustainably sourced and ethically produced food. This trend is especially apparent in the seafood industry, where concerns about overfishing, the depletion of marine resources, and environmental impacts have led to greater emphasis on sustainable practices.
The European shrimp market is benefiting from this shift, as more consumers seek out responsibly farmed or wild-caught shrimp. The European Union (EU) has introduced various regulations and certifications, such as the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council (ASC) certifications, to ensure that seafood is sourced in an environmentally friendly and socially responsible manner. These certifications guarantee that shrimp production adheres to strict sustainability standards, ensuring minimal impact on ecosystems and fair labor practices.
Shrimp producers that adhere to sustainable farming and fishing methods are attracting more European consumers who value transparency in sourcing. As awareness of sustainability continues to rise, the market for sustainably sourced shrimp is expected to expand significantly, especially among environmentally conscious millennials and Gen Z consumers.
Convenience and Ready-to-Eat Solutions: The busy lifestyles of European consumers are driving the demand for convenience foods, including ready-to-eat or easy-to-prepare shrimp products. Pre-cooked, frozen, or packaged shrimp products are gaining popularity due to their convenience, making it easier for consumers to prepare healthy meals without the time-consuming process of cleaning and cooking raw shrimp.
Moreover, shrimp-based ready-to-eat meals, such as shrimp salads, shrimp pasta, and shrimp sushi, are becoming increasingly popular among busy professionals and families. The growing availability of shrimp in various forms, including frozen, chilled, and processed, has made it a versatile ingredient in a wide range of dishes, catering to diverse consumer preferences for quick and nutritious meals.
Growing Popularity of Shrimp-Based Dishes in European Cuisine: Shrimp is a versatile ingredient that is widely used across various European cuisines. In Mediterranean countries, shrimp is often included in traditional dishes like paella, seafood risottos, and Mediterranean salads. In Scandinavian countries, shrimp is commonly enjoyed in sandwiches, open-faced breads, and cold seafood platters. As European consumers become more adventurous in their culinary preferences, shrimp-based dishes are gaining popularity across the continent.
Additionally, the rise of international cuisine, particularly Asian and Latin American foods, has introduced new ways to enjoy shrimp. Dishes such as shrimp tempura, shrimp tacos, and shrimp stir-fries are growing in popularity in European restaurants and supermarkets. The increasing incorporation of shrimp into contemporary and fusion dishes is further driving the market’s growth, especially as consumers seek to diversify their palates and explore new flavors.
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Europe Shrimp Market Segmentation
The market can be divided based on the environment, species, product type, distribution channel, source, and country.
Market Breakup by Environment
- Wild
- Farmed
Market Breakup by Species
- Penaeus Vannamei
- Penaeus Monodon
- Macrobrachium Rosenbergii
- Others
Market Breakup by Product Type
- Peeled
- Shell-On
- Cooked
- Breaded
- Others
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Hotels and Restaurants
- Online
- Others
Market Breakup by Source
- Domestic Production
- Imports
Market Breakup by Country
- United Kingdom
- Germany
- France
- Italy
- Netherland
Competitive Landscape
Some of the major players explored in the report by Expert Market Research are as follows:
- Nordic Seafood A/S
- Heiploeg International B.V.
- Viciunai Group
- Afentoulis Liveris & Co. O.E.
- Sykes Seafoods Ltd.
- Seamark plc
- Morubel NV
- Others
Challenges in the Market
Despite the robust growth of the Europe shrimp market, several challenges could impact its future trajectory. One of the primary concerns is the high price of shrimp, especially sustainably sourced shrimp. While consumers are becoming more willing to pay a premium for ethically produced seafood, the price differential between conventional and sustainably farmed shrimp can be significant. This may limit the affordability and accessibility of high-quality shrimp for some segments of the population.
Additionally, the shrimp market in Europe is facing increasing competition from other seafood products such as fish, shellfish, and plant-based alternatives. As more consumers turn to plant-based diets, the market for traditional animal-based proteins, including shrimp, may face pressure. Plant-based seafood alternatives, such as those made from algae, seaweed, and soy, are emerging as viable competitors to shrimp, especially among vegan and vegetarian consumers.
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