Crustacean Market Set for Explosive Growth, Driven by Rising Seafood Demand

Crustacean Market size was valued at US$ 31.89 Bn. in 2023 and the total Crustacean revenue is expected to grow by 5.5% from 2024 to 2030, reaching nearly US$ 46.39 Bn.

𝐂𝐫𝐮𝐬𝐭𝐚𝐜𝐞𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐞𝐬 𝐄𝐱𝐩𝐥𝐨𝐬𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:
The Crustacean Market is experiencing significant growth, fueled by increasing consumer demand for high-quality seafood, innovations in sustainable fishing practices, and expanding global markets. With a forecasted market size, the crustacean market is poised to benefit from rising interest in shrimp, lobster, and crab, driven by both health-conscious consumers and the booming demand for sustainable seafood.

𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.maximizemarketresearch.com/request-sample/70740/

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐫𝐮𝐬𝐭𝐚𝐜𝐞𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:
The global crustacean industry is evolving rapidly, with increased investments in sustainable fishing practices, innovative aquaculture technologies, and more efficient supply chains. The market's growth is being driven by the rising popularity of seafood, particularly in key regions like Asia-Pacific, Europe, and North America. Furthermore, advancements in aquaculture are making it possible to produce high-quality crustaceans in a sustainable and environmentally friendly way.

Sustainable Aquaculture Practices: Sustainable farming of crustaceans, particularly shrimp, has gained significant traction. Farmers are increasingly adopting recirculating aquaculture systems (RAS) and biofloc technology to reduce environmental impact while ensuring a steady supply of seafood.

Technological Innovations: From automated harvesting systems to improved cold chain logistics, technology is playing a critical role in ensuring the crustacean industry's growth. Advances in genetic research also hold the potential to improve yield quality and resistance to diseases in farmed crustaceans.

Health and Nutritional Benefits: As consumers become more health-conscious, the demand for protein-rich seafood like shrimp and lobster continues to rise. Crustaceans are known for their low-fat content and high protein, making them a popular choice for health-conscious diets.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬! 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐰𝐢𝐭𝐡 𝐉𝐮𝐬𝐭 𝐎𝐧𝐞 𝐂𝐥𝐢𝐜𝐤:https://www.maximizemarketresearch.com/request-sample/70740/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐫𝐮𝐬𝐭𝐚𝐜𝐞𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:
As the global crustacean industry experiences growth, major players are pursuing strategic mergers and acquisitions to expand their portfolios, enhance product offerings, and tap into new markets.

In the United States: Thai Union Group, one of the largest seafood producers, acquired Chicken of the Sea to expand its market share in North America. This acquisition strengthens Thai Union's position in the crustacean segment, particularly for shrimp products.

In Europe: Seafood giant, Marine Harvest, merged with Lerøy Seafood to create one of Europe's largest integrated seafood companies. The combined entity is now better positioned to leverage sustainable aquaculture practices and improve the distribution of high-quality crustaceans across Europe.

In Asia-Pacific: Vietnam's Minh Phú Seafood expanded its market presence by acquiring Green Coast Seafood in Thailand. The move allows Minh Phú to streamline shrimp production and increase exports, particularly to North America and Europe.

𝐂𝐫𝐮𝐬𝐭𝐚𝐜𝐞𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝒃𝒚 𝑻𝒚𝒑𝒆
Crab
Prawn
Lobsters

Over the course of the projected period, the crab segment is anticipated to expand at a CAGR of 4.3%. The crab industry appears to be recovering from a terrible year in 2023. Nearly every market has seen an increase in trade numbers. Prices are rising along with the high and growing demand. Prices may rise further as a result of supply constraints brought on by rising demand. Compared to the same period in 2023, the first quarter of 2023 had a 7.3% increase in global imports. The United States had an increase of 11.2% in imports, while China saw a 59.5% increase. Conversely, Korean imports decreased by 15.8%.

𝒃𝒚 𝑻𝒚𝒑𝒆
Dried Crustacean
Salted Crustacean
Frozen Crustacean

𝒃𝒚 𝑨𝒑𝒑𝒍𝒊𝒄𝒂𝒕𝒊𝒐𝒏
Store-Based
Non-Store Based

𝒃𝒚 𝑬𝒏𝒅-𝑼𝒔𝒆𝒓
Residential
Restaurants

𝐃𝐢𝐯𝐞 𝐃𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐃𝐚𝐭𝐚! 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐒𝐭𝐮𝐝𝐲 𝐨𝐧 𝐎𝐮𝐫 𝐖𝐞𝐛𝐩𝐚𝐠𝐞 𝐍𝐨𝐰:https://www.maximizemarketresearch.com/contact-us/

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:
Vietnam:
Vietnam is a global leader in shrimp production, with the country being one of the top exporters of crustaceans, particularly black tiger shrimp and white leg shrimp. In recent years, Vietnamese companies have focused on enhancing the traceability of their shrimp through blockchain technology, allowing for more transparency and trust with international buyers.

Thailand:
Thailand is another key player in the crustacean market, particularly in shrimp farming. The country has adopted biofloc technology to improve the efficiency of shrimp farming. This technology enhances water quality and allows farmers to grow more shrimp per unit of space, addressing both sustainability and supply chain efficiency.

Singapore:
Singapore has emerged as a hub for seafood innovation, particularly in the area of sustainable seafood production. The country's investments in aquaculture research, including genetic engineering of crustaceans for faster growth and disease resistance, are positioning Singapore as a leader in the sustainable production of seafood.

Japan:
Japan's demand for lobster and crab remains strong, particularly during festive seasons. The country is investing in aquaculture systems for the sustainable production of crustaceans, which is expected to alleviate pressure on wild populations. Additionally, Japanese companies are adopting blockchain for better traceability of crustaceans, especially in international markets.

South Korea:
South Korea is increasingly focusing on sustainable shrimp farming practices, utilizing zero-waste aquaculture methods to ensure that shrimp farming has minimal impact on the environment. South Korean seafood producers are also experimenting with new methods of packaging and preservation to increase the shelf-life and quality of frozen crustaceans.

European Union:
Europe's demand for lobster and crab continues to rise, with significant growth in shellfish consumption. The EU is focusing on sustainable fisheries management and supporting local crustacean farmers with subsidies for adopting eco-friendly practices. The market is also seeing a surge in the demand for organic crustacean products.

United States:
The US market is seeing an increasing demand for shrimp, especially in frozen and processed forms. The growth of foodservice chains and retailers promoting frozen shrimp products has contributed to the booming market. The US is also one of the largest consumers of lobster and crab, especially in the Northeast, which is driving imports of these crustaceans from countries like Canada and Norway.

𝐂𝐫𝐮𝐬𝐭𝐚𝐜𝐞𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

1. Ichiboshi
2. International Fish Farming
3. RDM Aquaculture
4. Seaview Crab Company
5. Surapon Foods
6. The Crab Company
7. Findus Group
8. Mogster Group
9. Nireus Aquaculture
10. Russian Aquaculture
11. Selonda Aquaculture
12. Beijing Princess Seafood
13. Dong Won Fisheries
14. Faroe Seafood
15. Big Prawn

𝐆𝐨𝐭 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬? 𝐑𝐞𝐚𝐜𝐡 𝐎𝐮𝐭 𝐍𝐨𝐰 𝐟𝐨𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧:https://www.maximizemarketresearch.com/request-sample/70740/

𝐂𝐫𝐮𝐬𝐭𝐚𝐜𝐞𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 :

The size and trends in the Crustacean market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝 𝐥𝐢𝐧𝐤:https://www.maximizemarketresearch.com/market-report/global-crustacean-market/70740/

𝐘𝐨𝐮𝐫 𝐔𝐥𝐭𝐢𝐦𝐚𝐭𝐞 𝐆𝐮𝐢𝐝𝐞: 𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

What is Crustacean?
What was the Crustacean market size in 2023?
Which are the factors expected to drive the Crustacean market growth?
Who are the leading companies and what are their portfolios in Crustacean Market?
What growth strategies are the players considering to increase their presence in Crustacean?
What are the upcoming industry applications and trends for the Crustacean Market?
What will be the CAGR at which the Crustacean market will grow?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Crustacean Market?
What are the different segments of the Crustacean Market?
What is the growth rate of the Crustacean Market?
What segments are covered in the Crustacean Market?
Who are the key players in the Crustacean market?
What are the key challenges and opportunities in the Crustacean market?
Which application holds the highest potential in the Crustacean market?

𝐄𝐥𝐞𝐯𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐤𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 𝐛𝐚𝐬𝐞 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐫𝐞𝐜𝐞𝐧𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐭𝐫𝐞𝐧𝐝𝐬 𝐜𝐮𝐫𝐚𝐭𝐞𝐝 𝐛𝐲 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Indian Tiles Market https://www.maximizemarketresearch.com/market-report/indian-tiles-market/85201/

Global Rowing Boats Market https://www.maximizemarketresearch.com/market-report/global-rowing-boats-market/84700/

Truffle Oil Market https://www.maximizemarketresearch.com/market-report/global-truffle-oil-market/82952/

Automotive Sensor Fusion Market https://www.maximizemarketresearch.com/market-report/automotive-sensor-fusion-market/215460/

Global Natural Food Preservatives Market https://www.maximizemarketresearch.com/market-report/global-natural-food-preservatives-market/96311/

Global Alcohol Ingredients Market https://www.maximizemarketresearch.com/market-report/global-alcohol-ingredients-market/100022/

Global Hospital Linen Supply and Management Services Market https://www.maximizemarketresearch.com/market-report/global-hospital-linen-supply-and-management-services-market/42510/

Global In Dash Navigation System Market https://www.maximizemarketresearch.com/market-report/in-dash-navigation-system-market/3032/

Global Radar Simulator Market https://www.maximizemarketresearch.com/market-report/global-radar-simulator-market/27562/

Global Mobile Cobots Market https://www.maximizemarketresearch.com/market-report/global-mobile-cobots-market/36325/

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.