The shrimp market - Italy

Global shrimp catches have increased significantly over the past decade, both due to the spread of a massive and efficient "insutrial" fishery and the prosperity of this market segment. In addition to fishing, shrimp farming has also increased; this practice, which has existed since ancient times, occupies a large part of the sector and is now widely practiced in Central America, South America and Southeast Asia. The global shrimp market size has been estimated at $68.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.5 percent until 2030. In Italy, shrimp consumption grew by 25.2 percent in January-April 2022, compared to the same period in 2021. From a price point of view, shrimp caught in the Mediterranean are valuable fish products and highly sought after by consumers; for these reasons they can be very expensive, up to €50 to €60 per kg for red shrimp and €60 per kg for purple shrimp. Shrimp consumption is, moreover, strongly influenced by the spread of a search for healty diets; in fact, the product in question is considered a low-fat, high-protein alternative, which is why it is a product in high demand by consumers. Shrimp, moreover, is a front of essential nutrients, such asOmega-3.