Spain Shrimp Market Overview

The Spain Shrimp Market size reached USD 1.15 Billion in 2024 and is projected to reach USD 1.73 Billion by 2033, growing at a CAGR of 4.18% from 2025 to 2033. The market growth is driven by increased household seafood consumption, improved cold storage facilities, a focus on sustainable aquaculture, and steady shrimp imports. These factors collectively enhance supply among local suppliers, restaurants, and expanding retail distribution channels across Spain.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Spain Shrimp Market Key Takeaways

• The Spain shrimp market size reached USD 1.15 Billion in 2024.
• The market is expected to grow at a CAGR of 4.18% during 2025-2033.
• The forecast period for the market is 2025-2033.
• Expansion of shrimp aquaculture in coastal regions is diversifying income sources and increasing local supply.
• Growing consumer demand for sustainable and certified shrimp products is influencing market trends.
• There is an increased preference for convenient, ready-to-cook shrimp products in retail and foodservice.
• Distribution channels are broadening, with online sales and value-added shrimp products gaining prominence.

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Spain Shrimp Market Growth Factors

Expanding Shrimp Aquaculture:

Communities in Spain are increasingly shifting from wild catches to shrimp farming for more steady and profitable returns. More efficient management of ponds within the coastal areas has increased shrimp production volumes without causing environmental damage. The creation of cold storage facilities near farms by groups of small-scale producers has contributed to reductions in transport time and improved product quality. Farmers have been able to renew equipment with the local government's support in financing, obtaining conformance with EU norms of hygiene and sustainability. All these factors have led to higher local shrimp production volumes and greater demand for shrimp feed.

Sustainability and Certification Trends:

Brands operating in the Spain fish market are focused on sustainability and traceability due to increased consumer awareness of environmental and food safety concerns. Clean farming methods are thus promoted with certification labels on packaging, enabling companies to create product differentiation. Exporters adopt European standards in production in line with accessing international markets. Modern equipment and site handling procedures enhance environmental responsibility and compliance with regulations. Sustainability has become a critical driver of competitiveness in local and international shrimp markets.

Consumer Demand and Product Innovation:

The consumers in Spain generally prefer convenience shrimp products-easy to store, prepare, and cook. Growing demand for ready-to-cook packs of seasoned frozen shrimp is targeted at busy families and working people. Hotels and restaurants continue to serve shrimp dishes to attract a wide range of customers, resulting in increased orders from suppliers. Supermarkets and local family stores increase options for frozen shrimp in pre-packaged form. Distribution is evolving with mid-tier suppliers leveraging online channels to efficiently reach small retail outlets and consumers. Exporters are innovating with value-added shrimp products like pre-cooked trays and snacks, with growing interest from European markets such as France and Italy.

Spain Shrimp Market Segmentation

Environment Insights

• Farmed Shrimp: The market includes shrimp raised through aquaculture, with increasing adoption supported by better pond management and facility upgrades.
• Wild Shrimp: Traditional wild shrimp fishing continues to contribute alongside farmed shrimp.

Species Insights

• Penaeus Vannamei: One of the major shrimp species analyzed in the market.
• Penaeus Monodon: Included in the species breakdown of the Spain shrimp market.
• Macrobrachium Rosenbergii: Covered within the species segment.
• Others: Other shrimp species relevant to the market have been considered.

Shrimp Size Insights

• <21
• 21-25
• 26-30
• 31-40
• 41-50
• 51-60
• 61-70
• >70

The report provides detailed analysis and forecast for each shrimp size category.

Distribution Channel Insights

• Hypermarkets and Supermarkets: Key retail outlets serving large consumer bases.
• Convenience Stores: Smaller format stores providing shrimp products for quick purchases.
• Hotels and Restaurants: Significant buyers offering shrimp dishes to tourists and locals.
• Online Sales: Growing distribution channel enhancing reach to individual consumers and small retailers.
• Others: Additional distribution channels contributing to market delivery.

Regional Insights

The Spain shrimp market covers Northern Spain, Eastern Spain, Southern Spain, and Central Spain regions. The report provides comprehensive analysis for these regions. However, the source does not specify a single dominant region or explicit regional statistics.

Recent Developments & News

• In June 2025, Spain's Froxa launched premium shrimp brands incorporating new packaging technology to enhance exports and retail presence globally. This initiative improved supply chain conditions by elevating quality standards and shelf appeal, increasing competitiveness for local processors.
• In November 2024, Oceanloop obtained a €35 Million loan from the European Investment Bank to expand its RAS shrimp farms in Germany and Gran Canaria, supporting Spain’s shrimp market by boosting domestic supply, promoting sustainable land-based farming, and reducing dependence on imports.

Key Players

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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