The shrimp market - Italy (2023)

1.2 The global shrimp market

The global shrimp market size has been estimated at $**.** billion in **** and is expected to grow at a compound annual growth rate(***) and is perceived as a healthier option.

Global shrimp market trends World, **** - ****, US$ billion Grand View Research the global seafood market is highly dynamic and diverse, encompassing an ...

1.3 The Italian shrimp market

During ****, the volume of first sales in the Italian seafood sector stood at ** thousand tons, registering a decrease of *.* percent compared to **** and confirming the trend in place since ****. This is due to the reduced availability of the product (***) for a total value of *** million euros.

The shrimp market includes:

white ...

1.4 Shrimp imports and exports

Analyzing the totality of the size of the seafood sector, it can be seen that from the point of view of exportations there are widespread declines, especially in the categories: fresh fish, edible fish, dried, salted or pickled fish, and shellfish. Overall, the value of exported seafood products declined by * percent, ...

1.5 Impact of the COVID-19 crisis

The General Fisheries Commission for the Mediterranean has produced an analysis of the impact of the Covid-** pandemic on the European fishing industry. According to the following report, the crisis immediately led to a drop in demand from wholesalers; in addition, the closure of export markets and the hotel and restaurant ...

2.1 Demand in Italy

In order to analyze the demand for shrimp in Italy, average annual household expenditure, monthly expenditure by employment status, and weekly fish consumption are considered.

Average annual expenditure

Between **** and ****, the average annual expenditure of Italian households on seafood (***), the trend shows a positive trend throughout the period. The increase in ...

2.2 Demand drivers in the shrimp market

The shrimp market is driven by a number of factors that have increased demand and production in recent years. The main drivers of demand are the health benefits of shrimp, the adoption of new environmentally friendly production techniques, and the convenience of this type of fish compared to other protein-rich ...

2.3 Geographical distribution of demand

In order to highlight the geographical distribution of demand, a map was created with the average monthly expenditure of Italian households on fish and other seafood.

Southern households have the highest average monthly expenditure in the peninsula, with a value of **.** euros per month. Spending more than ** euros per month, they ...

3.1 Market structure and dynamics

Analyzing the macrosector of the fish market, it can be seen that in recent years there has been a steady growth in active fish farms, with an increase of almost ** percent from **** to ****, from *,*** to *,*** units, all falling under the activities that fall under the definition of aquaculture. From the data ...

3.2 Value Chain

The value chain in the market under consideration is proposed below:

catching oraquaculture: the chain starts with catching shrimp at sea or raising them; processing: captured shrimp are processed and prepared for consumption. This stage included: shucking, cleaning and cooking of shrimp; distribution: the processed shrimp are then distributed to different ...

3.3 Shrimp distribution channels

The shrimp market is highly dependent on the retail trade, in fact about** percent of production reaches final consumers through supermarkets and other specialty stores. However, within non-domestic consumption (***). Since more recent data are not available, the analysis is performed on **** data, the latest recent data.

Sales of unprocessed seafood products, ...

3.4 Main actors

Aquaculture refers to the production of fish, crustaceans, mollusks and seaweed in confined environments entirely controlled by humans. The activity has ancient origins; in fact, the practice is believed to have spread about *,*** years ago in Australia, but its main moment of industrial expansion occurred in the ****s and ****s. Today, ...

4.1 Composition of the offer

Shrimp is a very popular product and accounts for ** percent in value of the national fish market. it is also one of the most diverse crustacean categories, as there are a multitude of shrimp species; the most common in Itakia are:

Purple shrimp, Parapenaeus longirostris. Available year-round, but with greater seasonality ...

4.2 The prices

The following are wholesale prices divided by market and area of origin for: Argentine shrimp, pink shrimp, and red shrimp. For the first category, the price is for the frozen product while for the other two it is for the fresh-caught product.

Argentine shrimp wholesale

Wholesale pink shrimp (***)

Wholesale red ...

4.3 Laboratory-grown shrimp meat

A Korean startup CellMEAT has announced a world first: the development of a lab-grown Dokdo shrimp. Specifically, the product has been replicated in different sizes and shapes and is thought to be suitable for a wide range of uses and cooking. The shrimp were created using a whey-free cooking liquid, thus ...

5.1 Regulations

Freshwater shrimps are part of the fish fauna and are included in the national and regional regulations governing fishing in inland waters; on October **, ****, the following executive decrees regarding "Provisions on target trawl fishing of red shrimp and purple shrimp" were published on the website of the Ministry of Agriculture, Food ...

5.2 labels

In general, sales labels for fresh crustaceans on fish counters-including those sold headless or processed in various ways-must indicate

the commercial name (***); the physical state (***). If omitted, it is understood that the product is fresh; the method of production: "caught" or "farmed." the origin, indicating the sea or ocean of production ...

6.1 Segmentation

• Iliopesca
• GIÓ MARE S.P.A.
• Rosso di Mazara
• Alemar
• FIORITAL GELO
• DINAQUA