The Europe shrimp market reached a volume of around 879 Kilo Tons in 2019. Shrimps are small marine animal with thin and fragile legs. They are generally found near the seafloor, in rivers, lakes, as well as in certain coasts. Shrimps are one of the most flavoured and delicious delicacies from the seafood congregate. They also play an important role in the food chain and are a vital source of food for larger animals like fish and whales. They are low in fat, high in protein and are a moderate source of omega-3 fats, altogether increasing their demand among the consumers. The rise in the demand can also be attributed to the benefits they provide like improved bone and brain health, weight management, lowered risk of cardiovascular disease, relieved eye fatigue and lowered blood pressure. Looking forward, IMARC Group expects the Europe shrimp market to exhibit moderate growth during 2020-2025.
A major catalyst driving the demand of shrimps in Europe are its numerous health and nutritional benefits. Shrimps contain astaxanthin, a carotenoid nutrient that can act as a potent antioxidant and protects skin from premature aging. They are also loaded with selenium, which activates the enzymes needed for healthy muscle metabolism and also activates the enzymes that fight cancer growth. Moreover, they serve as an excellent source of carbohydrate free food which can lead to weight loss. The demand of value added and convenient shrimp products is also witnessing strong growth. Ready-to-eat shrimp products comprise of products which are cooked, breaded, canned, etc. Most of these products are usually fully processed such as shrimp paste, chips and pickle. However, some products are half-cooked and require to be baked, fried or cooked like breaded or canned shrimp. The demand for cooked and breaded shrimp has risen over the past years. In Europe, consumers live hectic lives and feel considerable time pressure. As a result, they prefer meals that are easy to prepare and ready to cook. Moreover, there is a rising trend towards more ready-made shrimp products.
This report provides a deep insight into the Europe shrimp market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Europe shrimp industry in any manner.
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