Crustaceans Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Crustaceans Market is segmented based on type-( Crabs, Lobster, Shrimp, Others) and Geography. The report includes production, consumption, and trade analyses of the crustaceans markets across the world.

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2020

Largest Market:

Asia Pacific

CAGR:

5 %

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Market Overview

The crustaceans market is estimated to register a CAGR of 5% during the forecast period (2020-2025). Crustaceans are basically diverse arthropod taxon that includes such familiar species such as crayfish, shrimps, crabs, lobster, prawns, krill, woodlice and barnacles. Half of the crustaceans' production is only in China. The crustacean’s market is driven by various factors such as the boosting demand due to the increasing health benefits, an increase in the adoption of new production techniques that are environment-friendly. Other factors like contract farming & government policies driving the crustaceans market. Shrimp species, such as white leg shrimp, giant tiger shrimps, gulf shrimps, blue shrimps, and royal red shrimps, are the most popular varieties that are consumed all over the world. Europe and North America hold a significant market share while the fastest growth can be observed in the Asia Pacific region.

 

Scope of the Report

Crustaceans find wide range of application in cosmetic, pharmaceuticals and food industry. Due to numerous health benefits crustaceans are also available in the form of fresh foods, frozen foods and even snacks. Even in cosmetic industry crustaceans are playing major role as some natural compounds are beneficial to skin tissues as prawns are packed with zinc which reduces inflammation on skin.For the purpose of this report, the only crustaceans market has been considered. The report covers an extensive study of segments and factors driving the growth of the commercial crustaceans market. An in-depth analysis of the futures market and trend was exclusively measured in this report. Factors driving region-wise analysis are also covered with great observations. The report includes market shares of the crustaceans market for Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

By Type
Crabs
Shrimps
Lobsters
Others
Geography
North America
United States
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Canada
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Europe
Germany
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
United Kingdom
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
France
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Russia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Spain
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Sweden
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Italy
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Asia-Pacific
China
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Philippines
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
India
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Bangladesh
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Sri Lanka
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
South America
Brazil
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Argentina
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Chile
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Peru
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Africa
United Arab Emirates
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Saudi Arabia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Nigeria
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Egypt
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis

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Key Market Trends

Increasing Awareness Toward Health

The demand for crustaceans is increasing among consumers, as it is high in nutritional value and low-fat protein. It contains zero carbs and is very low in calories. These factors make people include in their food diet. Moreover, crustaceans like shrimps, crabs, and prawns are rich in minerals and vitamins, like iron, calcium, sodium, phosphorus, zinc, magnesium, potassium, iodine, niacin, riboflavin, thiamin, vitamin A, vitamin E, vitamin B6, and vitamin B12. All the minerals, vitamins, and nutrients together make it healthy food. It helps in preventing many health issues. It helps in preventing hair loss, maintaining healthy bones, improving memory performance, reducing menstrual cramps, eliminating bad cholesterol, and reducing the risk of occurrence of lung and prostate cancer. Moreover, shrimp and prawns are beneficial sources of protein and vitamin D, without adding carbohydrates to the consumers’ daily intake; so for people determined to lose weight, this simple form of seafood is a popular option.

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Asia-Pacific Leads the Crustaceans Market

Asia-Pacific has been leading the market for a long period of time. For instance, the production of shrimp in China 1,956.9 thousand metric tons in 2018, registering a CAGR of 1.6% during the forecast period. In North America, the U.S and Canada are going to drive the market as three-fourth of the US population consumes sea products in the frozen form which in turn will drive the crustacean market further. Adoption of Pacific white shrimp as the prominent species by India’s growing aquaculture industry, especially in the contract farming sector, is one of the main factors, which helps the India market to expand during the forecast period. The demand for crustaceans across the globe is the highest as the availability of fresh and frozen crustaceans is contributing to the growth of the global crustaceans market.

Crustaceans Market2

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Crabs

      2. 5.1.2 Shrimps

      3. 5.1.3 Lobsters

      4. 5.1.4 Others

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

          1. 5.2.1.1.1 Production Analysis

          2. 5.2.1.1.2 Consumption Analysis and Market Value

          3. 5.2.1.1.3 Import Market Analysis (Volume and Value)

          4. 5.2.1.1.4 Export Market Analysis (Volume and Value)

          5. 5.2.1.1.5 Price Trend Analysis

        2. 5.2.1.2 Canada

          1. 5.2.1.2.1 Production Analysis

          2. 5.2.1.2.2 Consumption Analysis and Market Value

          3. 5.2.1.2.3 Import Market Analysis (Volume and Value)

          4. 5.2.1.2.4 Export Market Analysis (Volume and Value)

          5. 5.2.1.2.5 Price Trend Analysis

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

          1. 5.2.2.1.1 Production Analysis

          2. 5.2.2.1.2 Consumption Analysis and Market Value

          3. 5.2.2.1.3 Import Market Analysis (Volume and Value)

          4. 5.2.2.1.4 Export Market Analysis (Volume and Value)

          5. 5.2.2.1.5 Price Trend Analysis

        2. 5.2.2.2 United Kingdom

          1. 5.2.2.2.1 Production Analysis

          2. 5.2.2.2.2 Consumption Analysis and Market Value

          3. 5.2.2.2.3 Import Market Analysis (Volume and Value)

          4. 5.2.2.2.4 Export Market Analysis (Volume and Value)

          5. 5.2.2.2.5 Price Trend Analysis

        3. 5.2.2.3 France

          1. 5.2.2.3.1 Production Analysis

          2. 5.2.2.3.2 Consumption Analysis and Market Value

          3. 5.2.2.3.3 Import Market Analysis (Volume and Value)

          4. 5.2.2.3.4 Export Market Analysis (Volume and Value)

          5. 5.2.2.3.5 Price Trend Analysis

        4. 5.2.2.4 Russia

          1. 5.2.2.4.1 Production Analysis

          2. 5.2.2.4.2 Consumption Analysis and Market Value

          3. 5.2.2.4.3 Import Market Analysis (Volume and Value)

          4. 5.2.2.4.4 Export Market Analysis (Volume and Value)

          5. 5.2.2.4.5 Price Trend Analysis

        5. 5.2.2.5 Spain

          1. 5.2.2.5.1 Production Analysis

          2. 5.2.2.5.2 Consumption Analysis and Market Value

          3. 5.2.2.5.3 Import Market Analysis (Volume and Value)

          4. 5.2.2.5.4 Export Market Analysis (Volume and Value)

          5. 5.2.2.5.5 Price Trend Analysis

        6. 5.2.2.6 Sweden

          1. 5.2.2.6.1 Production Analysis

          2. 5.2.2.6.2 Consumption Analysis and Market Value

          3. 5.2.2.6.3 Import Market Analysis (Volume and Value)

          4. 5.2.2.6.4 Export Market Analysis (Volume and Value)

          5. 5.2.2.6.5 Price Trend Analysis

        7. 5.2.2.7 Italy

          1. 5.2.2.7.1 Production Analysis

          2. 5.2.2.7.2 Consumption Analysis and Market Value

          3. 5.2.2.7.3 Import Market Analysis (Volume and Value)

          4. 5.2.2.7.4 Export Market Analysis (Volume and Value)

          5. 5.2.2.7.5 Price Trend Analysis

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

          1. 5.2.3.1.1 Production Analysis

          2. 5.2.3.1.2 Consumption Analysis and Market Value

          3. 5.2.3.1.3 Import Market Analysis (Volume and Value)

          4. 5.2.3.1.4 Export Market Analysis (Volume and Value)

          5. 5.2.3.1.5 Price Trend Analysis

        2. 5.2.3.2 Philippines

          1. 5.2.3.2.1 Production Analysis

          2. 5.2.3.2.2 Consumption Analysis and Market Value

          3. 5.2.3.2.3 Import Market Analysis (Volume and Value)

          4. 5.2.3.2.4 Export Market Analysis (Volume and Value)

          5. 5.2.3.2.5 Price Trend Analysis

        3. 5.2.3.3 India

          1. 5.2.3.3.1 Production Analysis

          2. 5.2.3.3.2 Consumption Analysis and Market Value

          3. 5.2.3.3.3 Import Market Analysis (Volume and Value)

          4. 5.2.3.3.4 Export Market Analysis (Volume and Value)

          5. 5.2.3.3.5 Price Trend Analysis

        4. 5.2.3.4 Bangladesh

          1. 5.2.3.4.1 Production Analysis

          2. 5.2.3.4.2 Consumption Analysis and Market Value

          3. 5.2.3.4.3 Import Market Analysis (Volume and Value)

          4. 5.2.3.4.4 Export Market Analysis (Volume and Value)

          5. 5.2.3.4.5 Price Trend Analysis

        5. 5.2.3.5 Sri Lanka

          1. 5.2.3.5.1 Production Analysis

          2. 5.2.3.5.2 Consumption Analysis and Market Value

          3. 5.2.3.5.3 Import Market Analysis (Volume and Value)

          4. 5.2.3.5.4 Export Market Analysis (Volume and Value)

          5. 5.2.3.5.5 Price Trend Analysis

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

          1. 5.2.4.1.1 Production Analysis

          2. 5.2.4.1.2 Consumption Analysis and Market Value

          3. 5.2.4.1.3 Import Market Analysis (Volume and Value)

          4. 5.2.4.1.4 Export Market Analysis (Volume and Value)

          5. 5.2.4.1.5 Price Trend Analysis

        2. 5.2.4.2 Argentina

          1. 5.2.4.2.1 Production Analysis

          2. 5.2.4.2.2 Consumption Analysis and Market Value

          3. 5.2.4.2.3 Import Market Analysis (Volume and Value)

          4. 5.2.4.2.4 Export Market Analysis (Volume and Value)

          5. 5.2.4.2.5 Price Trend Analysis

        3. 5.2.4.3 Chile

          1. 5.2.4.3.1 Production Analysis

          2. 5.2.4.3.2 Consumption Analysis and Market Value

          3. 5.2.4.3.3 Import Market Analysis (Volume and Value)

          4. 5.2.4.3.4 Export Market Analysis (Volume and Value)

          5. 5.2.4.3.5 Price Trend Analysis

        4. 5.2.4.4 Peru

          1. 5.2.4.4.1 Production Analysis

          2. 5.2.4.4.2 Consumption Analysis and Market Value

          3. 5.2.4.4.3 Import Market Analysis (Volume and Value)

          4. 5.2.4.4.4 Export Market Analysis (Volume and Value)

          5. 5.2.4.4.5 Price Trend Analysis

      5. 5.2.5 Africa

        1. 5.2.5.1 United Arab Emirates

          1. 5.2.5.1.1 Production Analysis

          2. 5.2.5.1.2 Consumption Analysis and Market Value

          3. 5.2.5.1.3 Import Market Analysis (Volume and Value)

          4. 5.2.5.1.4 Export Market Analysis (Volume and Value)

          5. 5.2.5.1.5 Price Trend Analysis

        2. 5.2.5.2 Saudi Arabia

          1. 5.2.5.2.1 Production Analysis

          2. 5.2.5.2.2 Consumption Analysis and Market Value

          3. 5.2.5.2.3 Import Market Analysis (Volume and Value)

          4. 5.2.5.2.4 Export Market Analysis (Volume and Value)

          5. 5.2.5.2.5 Price Trend Analysis

        3. 5.2.5.3 Nigeria

          1. 5.2.5.3.1 Production Analysis

          2. 5.2.5.3.2 Consumption Analysis and Market Value

          3. 5.2.5.3.3 Import Market Analysis (Volume and Value)

          4. 5.2.5.3.4 Export Market Analysis (Volume and Value)

          5. 5.2.5.3.5 Price Trend Analysis

        4. 5.2.5.4 Egypt

          1. 5.2.5.4.1 Production Analysis

          2. 5.2.5.4.2 Consumption Analysis and Market Value

          3. 5.2.5.4.3 Import Market Analysis (Volume and Value)

          4. 5.2.5.4.4 Export Market Analysis (Volume and Value)

          5. 5.2.5.4.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Crustaceans Market market is studied from 2016 - 2026.

The Crustaceans Market is growing at a CAGR of 5% over the next 5 years.

Asia Pacific holds highest share in 2020.

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