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Crustacean Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2026

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Crustaceans are defined as large, diverse taxon of arthropods. These include crabs, lobsters, crayfish, shrimps, krill, woodlice, and barnacles. Some crustaceans are related to insects, while others are hexapods. Most crustaceans are aquatic animals; some are terrestrial, parasitic, and sessile. Around 10 million tons of crustaceans are produced in fisheries or aquatic farming for human consumption across the globe.

The body structure of a crustacean comprises different segments such as the cephalon (head), the thorax, and the pleon (abdomen). The head and thorax may be attached together to form a cephalothorax, which may be covered by a single large carapace. The crustacean body is protected by a hard exoskeleton, which must be molted for the animal to grow. Various parts of the exoskeleton may be fused together.

There are more than 40,000 crustacean species including shrimps, lobsters, barnacles, crabs, and krill. The crustacean market is expanding significantly due to the high consumption of seafood across the globe. Vital nutrients in crustaceans such as protein, minerals, and vitamins are known to prevent a host of diseases. They have low saturated fat content and are significant sources of omega-3 fatty acids, docosahexaenoic acid (DHA), and Eicosapentaenoic acid (EPA).

Crustacean has emerged as a rapidly growing animal production industries in the world; nearly 10 million tons of crustaceans, mostly shrimp, prawns, crabs, and crayfish, are sold annually. Despite the remarkable rise in production over the past decade, the crustacean market is still lagging behind other agro and aqua farming industries in integration of advanced biotechnologies capable of enhancing production yields and value. The global crustacean market can be segmented based on type, application, and geography. Based on type, the crustacean market can be segmented into shrimps, prawns, lobsters, crabs, and others. In terms of application, the global crustacean market can be classified into marine waters, and inland waters. Market players are likely to adopt advanced farming and biotechnological solutions to meet the increasing demand for crustaceans. This is estimated to enable highly efficient production with the use of limited land and water resources.

Based on geography, the global crustacean market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The U.S. and Canada are expected to propel the crustacean market in North America. The U.K., Germany, France, Russia, Spain, Italy, and Sweden are the leading countries in the crustacean market. Asia Pacific is the dominant region of the crustacean market. China, South Korea, Japan, India, Thailand, the Philippines, Malaysia, Bangladesh, Sri Lanka, and Singapore are likely to dominate the crustacean market in Asia Pacific, with China being a rapidly developing market. China accounts for more than 30% share of the crustacean market. Israel, Turkey, the UAE, Iran, Egypt, Nigeria, Ghana, Kenya, and Saudi Arabia are some of the leading countries in the market in Middle East & Africa. The market in Latin America is dominated by Brazil, Mexico, Peru, Chile, Colombia, and Argentina.

Several players operate at the regional and global level in the global crustacean market. Key players include Ichiboshi, International Fish Farming and Holding Company, RDM Aquaculture, Seaview Crab Company, Surapon Foods, The Crab Company, Findus Group, Mogster Group, Nireus Aquaculture, Russian Aquaculture, and Selonda Aquaculture.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
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