The European market is stagnated at the moment due to the economic recession; demand has fallen due to reduced purchasing power among consumers, who view the protein as relatively expensive.
The largest warmwater shrimp supplier to the European market, India, saw its market share grow 24 percent compared with the previous year.
In the latest report from the U.N. Food and Agriculture Organization (FAO), India exported 15,200 metric tons of shrimp to Europe between Jan. 1 and March 31.
“India is presently the largest shrimp supplier to EU.
