Crustaceans Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Crustaceans Market by region.
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.
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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
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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.
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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
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Our Crustaceans Market Report is divided into several chapters to provide readers with a comprehensive understanding of the market.
Chapter 1 includes the scope of the report, research methodology, and other relevant information regarding the report’s contents.
Chapter 2 provides an executive summary, including the global Crustaceans market size, sales and revenue, and compound annual growth rate (CAGR). It also includes the Crustaceans market size by region, type, and application, historical data from 2018 to 2023, and a forecast until 2030.
Chapter 3 focuses on Crustaceans market sales, revenue, average price, global market share, and industry ranking by company from 2018 to 2023.
Chapter 4 presents global Crustaceans Market sales and revenue by region and country. It provides country-specific data and market value analysis for regions including the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America, and the Middle East and Africa.
Chapters 5 through 8 delve deeper into the market, focusing on sales segments by country and type for each region including the Americas, APAC, Europe, and the Middle East and Africa.
Chapter 9 analyzes current market trends, market forecasts, opportunities, and economic trends that may affect the future of the marketplace.
Chapter 10 examines the manufacturing cost structure analysis of the market.
Chapter 11 explores sales channels, distributors, and customers.
Chapter 12 presents a world forecast review for geographic regions.
Chapter 13 analyzes key players in the market.
Chapter 14 provides research findings and a conclusion.
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