Summary

Market Overview:

The global crustaceans market size reached US$ 17.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.86% during 2023-2028. The rising popularity of crustaceans as a nutrient-rich food among the health-conscious consumers, continual innovations in crustacean processing and packaging, and easy product availability across online and offline organized retail channels represent some of the key factors driving the market.

Crustaceans, a diverse group of arthropods belonging to the subphylum Crustacea, are primarily aquatic animals and are found in terrestrial environments as well. Crustaceans typically possess an exoskeleton made of chitin, providing support and protection, and have joint appendages for functions like locomotion and feeding. In addition to this, they possess gills for extracting oxygen from water and two pairs of antennae on their heads for sensing their environment. Their feeding strategies encompass filter feeding, scavenging, and predation, utilizing specialized appendages or mouthparts to capture prey or gather food particles from water. Crustaceans have a high economic importance since they are harvested for human consumption and are cultivated through aquaculture to meet the growing seafood demand. While several crustacean species including shrimp, crab, and lobster are considered to be global delicacies, they also provide nutritional value as a source of protein, vitamins, minerals, and omega-3 fatty acids, making them a beneficial addition to a balanced diet. Some of the most common crustaceans include organisms, such as crabs, lobsters, shrimp, and barnacles.

Crustaceans Market Trends:
The global market is primarily driven by the augmenting demand for crustacean products in culinary applications. This can be attributed to the rising popularity of crustaceans as a nutrient-rich food among health-conscious consumers. In line with this, the inflating disposable incomes along with higher economic growth in emerging economies are leading to a higher demand for premium and luxury seafood products, thereby fueling` the market. Moreover, rapid expansion of aquaculture and the development of advanced techniques and technologies are resulting in increased production and availability of farmed crustaceans, which, in turn, is providing an impetus to the market. In addition to this, continual innovations in crustacean processing and packaging such as modified atmosphere packaging (MAP) and individually quick frozen (IQF) techniques contribute to better preservation and extended shelf life, which is acting as a significant growth-inducing factor for the market. The market is further driven by the increasing influx of tourists and international travelers to coastal regions, which is leading to an increased consumption of local seafood, including crustaceans. Apart from this, aggressive marketing and promotional activities by seafood companies, industry associations, and government agencies highlighting the nutritional benefits and culinary versatility of crustaceans are creating a positive market outlook. Some of the other factors contributing to the market include easy product availability across online and offline organized retail, implementation of aquaculture traceability systems by key players, and extensive research and development (R&D) activities.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global crustaceans market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type and application.

Type Insights:

Lobsters
Shrimps
Crabs
Others

The report has provided a detailed breakup and analysis of the crustaceans market based on the type. This includes lobsters, shrimps, crabs, and others. According to the report, shrimps represented the largest segment.

Application Insights:

Retail
Institutions
Food Service

A detailed breakup and analysis of the crustaceans market based on the application has also been provided in the report. This includes retail, institutions, and food service. According to the report, food service accounted for the largest market share.

Regional Insights:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for crustaceans. Some of the factors driving the Asia Pacific crustaceans market included growing popularity of seafood among the masses, continual innovations in crustacean processing and packaging technologies, rising health-consciousness among consumers, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global crustaceans market. Detailed profiles of all major companies have been provided. Some of the companies covered include Seaview Crab Company, High Liner Foods, Inc, Shiok Meats, RDM Aquaculture LLC etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:
How has the global crustaceans market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global crustaceans market?
What is the impact of each driver, restraint, and opportunity on the global crustaceans market?
What are the key regional markets?
Which countries represent the most attractive crustaceans market?
What is the breakup of the market based on the type?
Which is the most attractive type in the crustaceans market?
What is the breakup of the market based on the application?
Which is the most attractive application in the crustaceans market?
What is the competitive structure of the global crustaceans market?
Who are the key players/companies in the global crustaceans market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Crustaceans Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Lobsters
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Shrimps
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Crabs
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Retail
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Institutions
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Food Service
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Seaview Crab Company
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 High Liner Foods, Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.3 Shiok Meats
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 RDM Aquaculture LLC
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

List of Figures

Figure 1: Global: Crustaceans Market: Major Drivers and Challenges
Figure 2: Global: Crustaceans Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Crustaceans Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Crustaceans Market: Breakup by Type (in %), 2022
Figure 5: Global: Crustaceans Market: Breakup by Application (in %), 2022
Figure 6: Global: Crustaceans Market: Breakup by Region (in %), 2022
Figure 7: Global: Crustaceans (Lobsters) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Crustaceans (Lobsters) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Crustaceans (Shrimps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Crustaceans (Shrimps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Crustaceans (Crabs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Crustaceans (Crabs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Crustaceans (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Crustaceans (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Crustaceans (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Crustaceans (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Crustaceans (Institutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Crustaceans (Institutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Crustaceans (Food Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Crustaceans (Food Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: North America: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: United States: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: United States: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Canada: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Canada: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Asia-Pacific: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Asia-Pacific: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: China: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: China: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Japan: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Japan: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: India: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: India: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: South Korea: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: South Korea: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Australia: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Australia: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Indonesia: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Indonesia: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Others: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Others: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Europe: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Europe: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Germany: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Germany: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: France: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: France: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United Kingdom: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United Kingdom: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Italy: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Italy: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Spain: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Spain: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Russia: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Russia: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Latin America: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Latin America: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Brazil: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Brazil: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Mexico: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Mexico: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Middle East and Africa: Crustaceans Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Middle East and Africa: Crustaceans Market: Breakup by Country (in %), 2022
Figure 69: Middle East and Africa: Crustaceans Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Global: Crustaceans Industry: Drivers, Restraints, and Opportunities
Figure 71: Global: Crustaceans Industry: Value Chain Analysis
Figure 72: Global: Crustaceans Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Crustaceans Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Crustaceans Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Crustaceans Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Crustaceans Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Crustaceans Market: Competitive Structure
Table 6: Global: Crustaceans Market: Key Players