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Global Crustaceans Market to reach USD 23.32 billion by the end of 2029

Global Crustaceans Market Size study & Forecast, by Type (Lobsters, Shrimps, Crabs, Others), by Application (Retail, Institutions, Food Service), by Distribution Channel (Business to Business, Business to Consumer) and Regional Analysis, 2022-2029

Product Code: OIRFB-86384199
Publish Date: 8-02-2023
Page: 200

Global Crustaceans Market is valued at approximately USD 16.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.50% over the forecast period 2022-2029. Crustaceans are animals that typically have an exoskeleton—a hard exterior—and two pairs of antennae. Many different varieties of crustaceans, such as crabs, lobsters, shrimp (or prawns), and crayfish, are consumed by people all over the world. Other crustaceans include pill bugs, water fleas, and barnacles. These are considered low in saturated fat and high in omega-3 fatty acids. The increasing consumption of seafood and growing demand for crustaceans among consumers as well as rising preference for ready-to-eat food products are key factors driving the market growth.

The increasing consumption of seafood is contributing to the growth of the Global Crustaceans Market. For instance, according to Statista – in 2021, the global seafood market was valued at USD 253 billion, and the market is projected to grow to USD 336 billion by 2025. Moreover, as per Statista – as of 2022, revenue in the global Ready-to-Eat Meals segment is estimated at USD 0.51 trillion, and the market is projected to grow annually by 6.39% (CAGR 2022-2027) to reach USD 0.70 trillion by 2027. Also, rising growth of contract farming and growing popularity of frozen and canned crustaceans would create a lucrative growth prospectus for the market over the forecast period. However, the high cost associated with Crustaceans and supply-demand gap due to high demand stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Crustaceans Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the rising consumption of seafood and growing popularity of ready-to-eat and frozen food products in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising investment in shrimp farming and increasing penetration of leading market players in the region.

Major market players included in this report are:
International Fish Farming and Holding Company
RDM Aquaculture
Seaview Crab Company
Surapon Foods
The Crab Company
Findus Group
Mogster Group
Nireus Aquaculture
Russian Aquaculture
Selonda Aquaculture.

Recent Developments in the Market:
 In September 2021, Thai shrimp and ag giant CP Foods entered into a partnership with a Spanish shrimp supplier Noray Seafood. Under this partnership, Noray Seafood would get exclusive European distribution rights for post-larvae raised from CP’s Homegrown Shrimp broodstock in Florida.

Global Crustaceans Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Lobsters
Shrimps
Crabs
Others

By Application
Retail
Institutions
Food Service

By Distribution Channel
Business to Business
Business to Consumer

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Crustaceans Market, by Region, 2019-2029 (USD Billion)
1.2.2. Crustaceans Market, by Type, 2019-2029 (USD Billion)
1.2.3. Crustaceans Market, by Application, 2019-2029 (USD Billion)
1.2.4. Crustaceans Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Crustaceans Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Crustaceans Market Dynamics
3.1. Crustaceans Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing consumption of seafood
3.1.1.2. Growing demand for crustaceans among consumers
3.1.1.3. Rising preference for ready-to-eat food products
3.1.2. Market Challenges
3.1.2.1. High cost associated with Crustaceans
3.1.3. Market Opportunities
3.1.3.1. Rising growth of contract farming
3.1.3.2. Growing popularity of frozen and canned crustaceans
Chapter 4. Global Crustaceans Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Crustaceans Market, by Type
6.1. Market Snapshot
6.2. Global Crustaceans Market by Type, Performance – Potential Analysis
6.3. Global Crustaceans Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Crustaceans Market, Sub Segment Analysis
6.4.1. Lobsters
6.4.2. Shrimps
6.4.3. Crabs
6.4.4. Others
Chapter 7. Global Crustaceans Market, by Application
7.1. Market Snapshot
7.2. Global Crustaceans Market by Application, Performance – Potential Analysis
7.3. Global Crustaceans Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Crustaceans Market, Sub Segment Analysis
7.4.1. Retail
7.4.2. Institutions
7.4.3. Food Service
Chapter 8. Global Crustaceans Market, by Distribution Channel
8.1. Market Snapshot
8.2. Global Crustaceans Market by Distribution Channel, Performance – Potential Analysis
8.3. Global Crustaceans Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
8.4. Crustaceans Market, Sub Segment Analysis
8.4.1. Business to Business
8.4.2. Business to Consumer
Chapter 9. Global Crustaceans Market, Regional Analysis
9.1. Crustaceans Market, Regional Market Snapshot
9.2. North America Crustaceans Market
9.2.1. U.S. Crustaceans Market
9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
9.2.1.2. Application breakdown estimates & forecasts, 2019-2029
9.2.1.3. Distribution Channel breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Crustaceans Market
9.3. Europe Crustaceans Market Snapshot
9.3.1. U.K. Crustaceans Market
9.3.2. Germany Crustaceans Market
9.3.3. France Crustaceans Market
9.3.4. Spain Crustaceans Market
9.3.5. Italy Crustaceans Market
9.3.6. Rest of Europe Crustaceans Market
9.4. Asia-Pacific Crustaceans Market Snapshot
9.4.1. China Crustaceans Market
9.4.2. India Crustaceans Market
9.4.3. Japan Crustaceans Market
9.4.4. Australia Crustaceans Market
9.4.5. South Korea Crustaceans Market
9.4.6. Rest of Asia Pacific Crustaceans Market
9.5. Latin America Crustaceans Market Snapshot
9.5.1. Brazil Crustaceans Market
9.5.2. Mexico Crustaceans Market
9.5.3. Rest of Latin America Crustaceans Market
9.6. Rest of The World Crustaceans Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. International Fish Farming and Holding Company
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. RDM Aquaculture
10.2.3. Seaview Crab Company
10.2.4. Surapon Foods
10.2.5. The Crab Company
10.2.6. Findus Group
10.2.7. Mogster Group
10.2.8. Nireus Aquaculture
10.2.9. Russian Aquaculture
10.2.10. Selonda Aquaculture.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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