PUBLISHER: Persistence Market Research | PRODUCT CODE: 1684482
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1684482
Crustacean Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032
Persistence Market Research has recently published an in-depth analysis of the global crustacean market, offering a detailed evaluation of key market dynamics, including drivers, trends, opportunities, and challenges. The report provides exclusive data and statistical insights that highlight the expected growth trajectory of the crustacean market from 2025 to 2032.
Key Insights:
- Crustacean Market Size (2025E):US$ 19 Bn
- Projected Market Value (2032F): US$ 57.3 Bn
- Global Market Growth Rate (CAGR 2025 to 2032): 17.1%
Crustacean Market - Report Scope
Crustaceans, including shrimp, crabs, lobsters, and prawns, are highly valued seafood products consumed worldwide for their rich flavor and nutritional benefits. The market caters to both fresh and processed seafood industries, serving restaurants, households, and food manufacturers. The rising demand for high-protein and low-fat seafood options has propelled the growth of the crustacean market. Additionally, increasing aquaculture production and advancements in sustainable fishing practices are supporting market expansion. Growing consumer awareness regarding the health benefits of seafood, along with the rising popularity of exotic seafood dishes, continues to drive demand across global markets.
Market Growth Drivers
The global crustacean market is fueled by several key factors, including the increasing demand for protein-rich seafood and the rising popularity of Asian cuisines, where crustaceans are staple ingredients. Expanding global aquaculture practices, particularly in countries such as China, Vietnam, and India, are contributing to a steady supply of crustaceans to meet growing consumer demand. Furthermore, advancements in cold chain logistics and seafood processing technologies have improved the distribution and shelf life of crustacean products, enabling wider market reach. Sustainable fishing practices and aquaculture innovations, including organic and eco-certified seafood farming, are also gaining traction, further boosting market growth.
Market Restraints
Despite strong growth prospects, the crustacean market faces challenges such as stringent regulations on fishing and aquaculture practices, environmental concerns related to overfishing, and disease outbreaks in farmed crustaceans. The fluctuating prices of raw materials, coupled with rising operational costs for aquaculture farms, can impact market profitability. Additionally, concerns about antibiotic use in shrimp and other farmed crustaceans have led to stricter regulatory scrutiny, potentially limiting market expansion in certain regions. Addressing these challenges requires increased investments in sustainable aquaculture technologies, regulatory compliance, and responsible sourcing practices.
Market Opportunities
The crustacean market presents significant growth opportunities driven by technological advancements in aquaculture, rising demand for ready-to-eat seafood, and expanding distribution channels. The increasing adoption of sustainable and organic seafood farming practices provides new avenues for growth, with eco-conscious consumers seeking ethically sourced seafood options. Additionally, innovations in seafood processing, including frozen and value-added crustacean products, are enhancing market accessibility and convenience. The rapid expansion of e-commerce and online grocery platforms further supports market penetration, providing consumers with easy access to fresh and frozen crustaceans worldwide.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the crustacean market globally?
- How is aquaculture contributing to the expansion of the crustacean market?
- What are the emerging trends in sustainable seafood farming and processing?
- Who are the key players in the market, and what strategies are they employing to maintain their competitive edge?
- What are the future growth opportunities and investment prospects in the global crustacean market?
Competitive Intelligence and Business Strategy
Leading players in the global crustacean market, including Thai Union Group, Maruha Nichiro Corporation, and Nippon Suisan Kaisha, focus on strategic partnerships, product innovation, and sustainability initiatives to strengthen their market position. These companies are investing in advanced aquaculture practices, including antibiotic-free and eco-friendly farming methods, to meet consumer demand for sustainable seafood. Collaborations with retail chains, restaurants, and e-commerce platforms are helping major players expand their distribution networks. Additionally, increased investments in cold storage and logistics infrastructure are enabling better seafood quality and shelf-life management, ensuring market competitiveness.
Key Companies Profiled:
- Nippon Suisan Kaisha, Ltd.
- High Liner Foods Inc.
- Royal Greenland A/S
- The Clover Leaf Seafoods Family
- Ocean America Food SA
- SeaPak Shrimp & Seafood Company
- DNI Group LLC
- Surapon Foods Public Company Limited
- Siam Canadian Group Limited
- Sirena A/S
- Trident Seafoods Corporation
- International fishing farming holding company PJSC-Asmak
- Morubel Maruha Nichiro Corporation
- August Seafood
Crustaceans Industry Research by Category
By Type:
- Lobsters
- Shrimp
- Crabs
- Others
By Origin:
- Capture
- Aquaculture
By End Use:
- Retail
- Foodservice Industry
- Commercial
- Food Industry
- Pharmaceutical Industry
- Cosmetic Industry
- Others
By Distribution Channel:
- Business to Business
- Business to Consumer
- Hypermarkets/Supermarkets
- Convenience Stores
- Fish Shops
- Online Retail
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
3. Key Market Trends
- 3.1. Key Trends Impacting the Market
- 3.2. Product Innovation / Development Trends
4. Key Success Factors
- 4.1. Product Adoption / Usage Analysis
- 4.2. Product USPs / Features
5. Global Crustaceans Market Outlook, 2019-2032
- 5.1. Historical Market Volume (KT) and Value (US$ Bn) Analysis, 2019-2024
- 5.2. Current and Future Market Volume (KT) and Value (US$ Bn) Projections, 2025-2032
- 5.3. Y-o-Y Growth Trend Analysis
6. Global Crustaceans Market - Pricing Analysis
- 6.1. Regional Pricing Analysis By Type
- 6.2. Pricing Break-up
- 6.2.1. Manufacturer Level Pricing
- 6.2.2. Distributor Level Pricing
- 6.3. Global Average Pricing Analysis Benchmark
7. Market Background
- 7.1. Macro-Economic Factors
- 7.1.1. Global GDP Growth Outlook
- 7.1.2. Global Industry Value Added
- 7.1.3. Global Urbanization Growth Outlook
- 7.1.4. Global Food Security Index
- 7.1.5. Food Consumption Expenditure
- 7.2. Seafood Industry Outlook
- 7.2.1. Per Capita Consumption of seafood
- 7.2.2. Per Capita Consumption of crustaceans
- 7.3. Production Analysis of Crustaceans
- 7.3.1. Top Shrimp Producing Countries
- 7.3.2. Top Crab Producing Countries
- 7.3.3. Top Lobster Producing Countries
- 7.4. Trade Analysis of Crustacean
- 7.4.1. Top Exporting Countries of Crustaceans, by species
- 7.4.2. Top Importing Countries of Crustaceans, by species
- 7.5. Global Aquaculture Industry Outlook
- 7.6. Supply-Chain Analysis
- 7.7. Key Regulation
- 7.8. Market Dynamics
- 7.8.1. Drivers
- 7.8.2. Restraints
- 7.8.3. Opportunity Analysis
- 7.9. Forecast Factors - Relevance & Impact
8. Global Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032, By Type
- 8.1. Introduction / Key Findings
- 8.2. Historical Market Size (US$ Bn) and Volume Analysis By Type, 2019-2024
- 8.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Type, 2025-2032
- 8.3.1. Lobster
- 8.3.2. Shrimp
- 8.3.3. Crab
- 8.3.4. Others
- 8.4. Market Attractiveness Analysis By Type
9. Global Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032, By Origin
- 9.1. Introduction / Key Findings
- 9.2. Historical Market Size (US$ Bn) and Volume Analysis By Origin, 2019-2024
- 9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Origin, 2025-2032
- 9.3.1. Capture
- 9.3.2. Aquaculture
- 9.4. Market Attractiveness Analysis By Origin
10. Global Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032, By End-use
- 10.1. Introduction / Key Findings
- 10.2. Historical Market Size (US$ Bn) and Volume Analysis By End-use, 2019-2024
- 10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By End-use, 2025-2032
- 10.3.1. Retail
- 10.3.2. Foodservice Industry
- 10.3.3. Commercial
- 10.3.3.1. Food Industry
- 10.3.3.2. Pharmaceutical Industry
- 10.3.3.3. Cosmetic Industry
- 10.3.3.4. Others
- 10.4. Market Attractiveness Analysis By End-use
11. Global Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032, By Distribution Channel
- 11.1. Introduction / Key Findings
- 11.2. Historical Market Size (US$ Bn) and Volume Analysis By Distribution Channel , 2019-2024
- 11.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Distribution Channel , 2025-2032
- 11.3.1. Business to Business
- 11.3.2. Business to Consumer
- 11.3.2.1. Hypermarkets/Supermarkets
- 11.3.2.2. Convenience Stores
- 11.3.2.3. Fish Shops
- 11.3.2.4. Online Retail
- 11.4. Market Attractiveness Analysis By Distribution Channel
12. Global Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032, By Region
- 12.1. Introduction
- 12.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019-2024
- 12.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2025-2032
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. South Asia & Pacific
- 12.3.5. East Asia
- 12.3.6. Middle East and Africa (MEA)
- 12.4. Market Attractiveness Analysis By Region
13. North America Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032
- 13.1. Introduction
- 13.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
- 13.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 13.3.1. By Country
- 13.3.1.1. U.S.
- 13.3.1.2. Canada
- 13.3.2. By Type
- 13.3.3. By Origin
- 13.3.4. By End-use
- 13.3.5. By Distribution Channel
- 13.3.1. By Country
- 13.4. Market Attractiveness Analysis
- 13.4.1. By Country
- 13.4.2. By Type
- 13.4.3. By Origin
- 13.4.4. By End-use
- 13.4.5. By Distribution Channel
- 13.5. Drivers and Restraints - Impact Analysis
14. Latin America Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032
- 14.1. Introduction
- 14.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
- 14.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 14.3.1. By Country
- 14.3.1.1. Brazil
- 14.3.1.2. Mexico
- 14.3.1.3. Argentina
- 14.3.1.4. Rest of Latin America
- 14.3.2. By Type
- 14.3.3. By Origin
- 14.3.4. By End-use
- 14.3.5. By Distribution Channel
- 14.3.1. By Country
- 14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Type
- 14.4.3. By Origin
- 14.4.4. By End-use
- 14.4.5. By Distribution Channel
- 14.5. Drivers and Restraints - Impact Analysis
15. Europe Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032
- 15.1. Introduction
- 15.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
- 15.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 15.3.1. By Country
- 15.3.1.1. Germany
- 15.3.1.2. Italy
- 15.3.1.3. France
- 15.3.1.4. U.K.
- 15.3.1.5. Spain
- 15.3.1.6. BENELUX
- 15.3.1.7. Nordic
- 15.3.1.8. Russia
- 15.3.1.9. Rest of Europe
- 15.3.2. By Type
- 15.3.3. By Origin
- 15.3.4. By End-use
- 15.3.5. By Distribution Channel
- 15.3.1. By Country
- 15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Type
- 15.4.3. By Origin
- 15.4.4. By End-use
- 15.4.5. By Distribution Channel
- 15.5. Drivers and Restraints - Impact Analysis
16. South Asia & Pacific Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032
- 16.1. Introduction
- 16.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
- 16.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 16.3.1. By Country
- 16.3.1.1. India
- 16.3.1.2. Indonesia
- 16.3.1.3. Thailand
- 16.3.1.4. Malaysia
- 16.3.1.5. Australia
- 16.3.1.6. New Zealand
- 16.3.1.7. Rest of South Asia & Pacific
- 16.3.2. By Type
- 16.3.3. By Origin
- 16.3.4. By End-use
- 16.3.5. By Distribution Channel
- 16.3.1. By Country
- 16.4. Market Attractiveness Analysis
- 16.4.1. By Country
- 16.4.2. By Type
- 16.4.3. By Origin
- 16.4.4. By End-use
- 16.4.5. By Distribution Channel
- 16.5. Drivers and Restraints - Impact Analysis
17. East Asia Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032
- 17.1. Introduction
- 17.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
- 17.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 17.3.1. By Country
- 17.3.1.1. China
- 17.3.1.2. Japan
- 17.3.1.3. South Korea
- 17.3.2. By Type
- 17.3.3. By Origin
- 17.3.4. By End-use
- 17.3.5. By Distribution Channel
- 17.3.1. By Country
- 17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Type
- 17.4.3. By Origin
- 17.4.4. By End-use
- 17.4.5. By Distribution Channel
- 17.5. Drivers and Restraints - Impact Analysis
18. Middle East and Africa Crustaceans Market Analysis 2019-2024 and Forecast 2025-2032
- 18.1. Introduction
- 18.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
- 18.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 18.3.1. By Country
- 18.3.1.1. GCC Countries
- 18.3.1.2. South Africa
- 18.3.1.3. Rest of Middle East and Africa
- 18.3.2. By Type
- 18.3.3. By Origin
- 18.3.4. By End-use
- 18.3.5. By Distribution Channel
- 18.3.1. By Country
- 18.4. Market Attractiveness Analysis
- 18.4.1. By Country
- 18.4.2. By Type
- 18.4.3. By Origin
- 18.4.4. By End-use
- 18.4.5. By Distribution Channel
- 18.5. Drivers and Restraints - Impact Analysis
19. Country Wise Crustacean Market Analysis, 2025
- 19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
- 19.2. U.S. Crustacean Market Analysis
- 19.2.1. By Type
- 19.2.2. By Origin
- 19.2.3. By End-use
- 19.2.4. By Distribution Channel
- 19.3. Canada Crustacean Market Analysis
- 19.3.1. By Type
- 19.3.2. By Origin
- 19.3.3. By End-use
- 19.3.4. By Distribution Channel
- 19.4. Mexico Crustacean Market Analysis
- 19.4.1. By Type
- 19.4.2. By Origin
- 19.4.3. By End-use
- 19.4.4. By Distribution Channel
- 19.5. Brazil Crustacean Market Analysis
- 19.5.1. By Type
- 19.5.2. By Origin
- 19.5.3. By End-use
- 19.5.4. By Distribution Channel
- 19.6. Argentina Crustacean Market Analysis
- 19.6.1. By Type
- 19.6.2. By Origin
- 19.6.3. By End-use
- 19.6.4. By Distribution Channel
- 19.7. Germany Crustacean Market Analysis
- 19.7.1. By Type
- 19.7.2. By Origin
- 19.7.3. By End-use
- 19.7.4. By Distribution Channel
- 19.8. Italy Crustacean Market Analysis
- 19.8.1. By Type
- 19.8.2. By Origin
- 19.8.3. By End-use
- 19.8.4. By Distribution Channel
- 19.9. France Crustacean Market Analysis
- 19.9.1. By Type
- 19.9.2. By Origin
- 19.9.3. By End-use
- 19.9.4. By Distribution Channel
- 19.10. U.K. Crustacean Market Analysis
- 19.10.1. By Type
- 19.10.2. By Origin
- 19.10.3. By End-use
- 19.10.4. By Distribution Channel
- 19.11. Spain Crustacean Market Analysis
- 19.11.1. By Type
- 19.11.2. By Origin
- 19.11.3. By End-use
- 19.11.4. By Distribution Channel
- 19.12. Russia Crustacean Market Analysis
- 19.12.1. By Type
- 19.12.2. By Origin
- 19.12.3. By End-use
- 19.12.4. By Distribution Channel
- 19.13. Poland Crustacean Market Analysis
- 19.13.1. By Type
- 19.13.2. By Origin
- 19.13.3. By End-use
- 19.13.4. By Distribution Channel
- 19.14. China Crustacean Market Analysis
- 19.14.1. By Type
- 19.14.2. By Origin
- 19.14.3. By End-use
- 19.14.4. By Distribution Channel
- 19.15. Japan Crustacean Market Analysis
- 19.15.1. By Type
- 19.15.2. By Origin
- 19.15.3. By End-use
- 19.15.4. By Distribution Channel
- 19.16. S. Korea Crustacean Market Analysis
- 19.16.1. By Type
- 19.16.2. By Origin
- 19.16.3. By End-use
- 19.16.4. By Distribution Channel
- 19.17. India Crustacean Market Analysis
- 19.17.1. By Type
- 19.17.2. By Origin
- 19.17.3. By End-use
- 19.17.4. By Distribution Channel
- 19.18. Turkey Crustacean Market Analysis
- 19.18.1. By Type
- 19.18.2. By Origin
- 19.18.3. By End-use
- 19.18.4. By Distribution Channel
- 19.19. South Africa Crustacean Market Analysis
- 19.19.1. By Type
- 19.19.2. By Origin
- 19.19.3. By End-use
- 19.19.4. By Distribution Channel
20. Market Structure Analysis
- 20.1. Market Analysis By Tier of Companies
- 20.2. Market Concentration
- 20.3. Market Presence Analysis
21. Competition Analysis
- 21.1. Competition Dashboard
- 21.2. Competition Benchmarking
- 21.3. Competition Deep Dive
- 21.3.1. Nippon Suisan Kaisha, Ltd.
- 21.3.1.1. Overview
- 21.3.1.2. Product Portfolio
- 21.3.1.3. Sales Footprint
- 21.3.1.4. Strategy Overview
- 21.3.1.5. Key Developments/Key Takeaways
- 21.3.2. High Liner Foods Inc.
- 21.3.2.1. Overview
- 21.3.2.2. Product Portfolio
- 21.3.2.3. Sales Footprint
- 21.3.2.4. Strategy Overview
- 21.3.2.5. Key Developments/Key Takeaways
- 21.3.3. Royal Greenland A/S
- 21.3.3.1. Overview
- 21.3.3.2. Product Portfolio
- 21.3.3.3. Sales Footprint
- 21.3.3.4. Strategy Overview
- 21.3.3.5. Key Developments/Key Takeaways
- 21.3.4. The Clover Leaf Seafoods Family
- 21.3.4.1. Overview
- 21.3.4.2. Product Portfolio
- 21.3.4.3. Sales Footprint
- 21.3.4.4. Strategy Overview
- 21.3.4.5. Key Developments/Key Takeaways
- 21.3.5. Ocean America Food SA
- 21.3.5.1. Overview
- 21.3.5.2. Product Portfolio
- 21.3.5.3. Sales Footprint
- 21.3.5.4. Strategy Overview
- 21.3.5.5. Key Developments/Key Takeaways
- 21.3.6. Rich Products Corporation
- 21.3.6.1. Overview
- 21.3.6.2. Product Portfolio
- 21.3.6.3. Sales Footprint
- 21.3.6.4. Strategy Overview
- 21.3.6.5. Key Developments/Key Takeaways
- 21.3.7. DNI Group LLC
- 21.3.7.1. Overview
- 21.3.7.2. Product Portfolio
- 21.3.7.3. Sales Footprint
- 21.3.7.4. Strategy Overview
- 21.3.7.5. Key Developments/Key Takeaways
- 21.3.8. Surapon Foods Public Company Limited
- 21.3.8.1. Overview
- 21.3.8.2. Product Portfolio
- 21.3.8.3. Sales Footprint
- 21.3.8.4. Strategy Overview
- 21.3.8.5. Key Developments/Key Takeaways
- 21.3.9. Siam Canadian Group Limited
- 21.3.9.1. Overview
- 21.3.9.2. Product Portfolio
- 21.3.9.3. Sales Footprint
- 21.3.9.4. Strategy Overview
- 21.3.9.5. Key Developments/Key Takeaways
- 21.3.10. Sirena A/S
- 21.3.10.1. Overview
- 21.3.10.2. Product Portfolio
- 21.3.10.3. Sales Footprint
- 21.3.10.4. Strategy Overview
- 21.3.10.5. Key Developments/Key Takeaways
- 21.3.11. Trident Seafoods Corporation
- 21.3.11.1. Overview
- 21.3.11.2. Product Portfolio
- 21.3.11.3. Sales Footprint
- 21.3.11.4. Strategy Overview
- 21.3.11.5. Key Developments/Key Takeaways
- 21.3.12. International fishing farming holding company PJSC-Asmak
- 21.3.12.1. Overview
- 21.3.12.2. Product Portfolio
- 21.3.12.3. Sales Footprint
- 21.3.12.4. Strategy Overview
- 21.3.12.5. Key Developments/Key Takeaways
- 21.3.13. Morubel
- 21.3.13.1. Overview
- 21.3.13.2. Product Portfolio
- 21.3.13.3. Sales Footprint
- 21.3.13.4. Strategy Overview
- 21.3.13.5. Key Developments/Key Takeaways
- 21.3.14. Maruha Nichiro Corporation
- 21.3.14.1. Overview
- 21.3.14.2. Product Portfolio
- 21.3.14.3. Sales Footprint
- 21.3.14.4. Strategy Overview
- 21.3.14.5. Key Developments/Key Takeaways
- 21.3.15. August Seafood
- 21.3.15.1. Overview
- 21.3.15.2. Product Portfolio
- 21.3.15.3. Sales Footprint
- 21.3.15.4. Strategy Overview
- 21.3.15.5. Key Developments/Key Takeaways
- 21.3.1. Nippon Suisan Kaisha, Ltd.
22. Assumptions & Acronyms Used
23. Research Methodology
