PUBLISHER: IMARC | PRODUCT CODE: 1451888
PUBLISHER: IMARC | PRODUCT CODE: 1451888
Crustaceans Market Report by Type (Lobsters, Shrimps, Crabs, and Others), Application (Retail, Institutions, Food Service), and Region 2024-2032
The global crustaceans market size reached US$ 18.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.24% during 2024-2032. The rising popularity of crustaceans as a nutrient-rich food among the health-conscious consumers, continual innovations in crustacean processing and packaging, and easy product availability across online and offline organized retail channels represent some of the key factors driving the market.
Crustaceans, a diverse group of arthropods belonging to the subphylum Crustacea, are primarily aquatic animals and are found in terrestrial environments as well. Crustaceans typically possess an exoskeleton made of chitin, providing support and protection, and have joint appendages for functions like locomotion and feeding. In addition to this, they possess gills for extracting oxygen from water and two pairs of antennae on their heads for sensing their environment. Their feeding strategies encompass filter feeding, scavenging, and predation, utilizing specialized appendages or mouthparts to capture prey or gather food particles from water. Crustaceans have a high economic importance since they are harvested for human consumption and are cultivated through aquaculture to meet the growing seafood demand. While several crustacean species including shrimp, crab, and lobster are considered to be global delicacies, they also provide nutritional value as a source of protein, vitamins, minerals, and omega-3 fatty acids, making them a beneficial addition to a balanced diet. Some of the most common crustaceans include organisms, such as crabs, lobsters, shrimp, and barnacles.
Crustaceans Market Trends:
The global market is primarily driven by the augmenting demand for crustacean products in culinary applications. This can be attributed to the rising popularity of crustaceans as a nutrient-rich food among health-conscious consumers. In line with this, the inflating disposable incomes along with higher economic growth in emerging economies are leading to a higher demand for premium and luxury seafood products, thereby fueling` the market. Moreover, rapid expansion of aquaculture and the development of advanced techniques and technologies are resulting in increased production and availability of farmed crustaceans, which, in turn, is providing an impetus to the market. In addition to this, continual innovations in crustacean processing and packaging such as modified atmosphere packaging (MAP) and individually quick frozen (IQF) techniques contribute to better preservation and extended shelf life, which is acting as a significant growth-inducing factor for the market. The market is further driven by the increasing influx of tourists and international travelers to coastal regions, which is leading to an increased consumption of local seafood, including crustaceans. Apart from this, aggressive marketing and promotional activities by seafood companies, industry associations, and government agencies highlighting the nutritional benefits and culinary versatility of crustaceans are creating a positive market outlook. Some of the other factors contributing to the market include easy product availability across online and offline organized retail, implementation of aquaculture traceability systems by key players, and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global crustaceans market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and application.
Type Insights:
Lobsters
Shrimps
Crabs
Others
The report has provided a detailed breakup and analysis of the crustaceans market based on the type. This includes lobsters, shrimps, crabs, and others. According to the report, shrimps represented the largest segment.
Application Insights:
Retail
Institutions
Food Service
A detailed breakup and analysis of the crustaceans market based on the application has also been provided in the report. This includes retail, institutions, and food service. According to the report, food service accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for crustaceans. Some of the factors driving the Asia Pacific crustaceans market included growing popularity of seafood among the masses, continual innovations in crustacean processing and packaging technologies, rising health-consciousness among consumers, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global crustaceans market. Detailed profiles of all major companies have been provided. Some of the companies covered include Seaview Crab Company, High Liner Foods, Inc, Shiok Meats, RDM Aquaculture LLC etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global crustaceans market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global crustaceans market?
- What is the impact of each driver, restraint, and opportunity on the global crustaceans market?
- What are the key regional markets?
- Which countries represent the most attractive crustaceans market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the crustaceans market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the crustaceans market?
- What is the competitive structure of the global crustaceans market?
- Who are the key players/companies in the global crustaceans market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Crustaceans Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Lobsters
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Shrimps
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Crabs
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Application
- 7.1 Retail
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Institutions
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Food Service
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Seaview Crab Company
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 High Liner Foods, Inc.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.3 Shiok Meats
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 RDM Aquaculture LLC
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.1 Seaview Crab Company
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Crustaceans Market: Major Drivers and Challenges
- Figure 2: Global: Crustaceans Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Crustaceans Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Crustaceans Market: Breakup by Type (in %), 2023
- Figure 5: Global: Crustaceans Market: Breakup by Application (in %), 2023
- Figure 6: Global: Crustaceans Market: Breakup by Region (in %), 2023
- Figure 7: Global: Crustaceans (Lobsters) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Crustaceans (Lobsters) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Crustaceans (Shrimps) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Crustaceans (Shrimps) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Crustaceans (Crabs) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Crustaceans (Crabs) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Crustaceans (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Crustaceans (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Crustaceans (Retail) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Crustaceans (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Crustaceans (Institutions) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Crustaceans (Institutions) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Crustaceans (Food Service) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Crustaceans (Food Service) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: North America: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: North America: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: United States: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: United States: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Canada: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Canada: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Asia-Pacific: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Asia-Pacific: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: China: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: China: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Japan: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Japan: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: India: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: India: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: South Korea: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: South Korea: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Australia: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Australia: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Indonesia: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Indonesia: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Others: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Others: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Europe: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Europe: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Germany: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Germany: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: France: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: France: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: United Kingdom: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: United Kingdom: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Italy: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Italy: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Spain: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Spain: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Russia: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Russia: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Others: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Others: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Latin America: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Latin America: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Brazil: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Brazil: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Mexico: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Mexico: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Others: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Others: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Middle East and Africa: Crustaceans Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Middle East and Africa: Crustaceans Market: Breakup by Country (in %), 2023
- Figure 69: Middle East and Africa: Crustaceans Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Global: Crustaceans Industry: Drivers, Restraints, and Opportunities
- Figure 71: Global: Crustaceans Industry: Value Chain Analysis
- Figure 72: Global: Crustaceans Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Crustaceans Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Crustaceans Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Crustaceans Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Crustaceans Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Crustaceans Market: Competitive Structure
- Table 6: Global: Crustaceans Market: Key Players
