Crustaceans Market Growth, Share, Price Trends, and Forecast 2024-2032

IMARC Group’s latest report, titled “Crustaceans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the crustaceans market size. The report also includes competitor and regional analysis, and contemporary advancements in the market.the global crustaceans market size reached US$ 18.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.24% during 2024-2032.

Crustaceans:

Crustaceans are a diverse group of arthropods belonging to the phylum Arthropoda and subphylum Crustacea. They are characterized by their hard exoskeleton, segmented bodies, and jointed appendages. This taxonomic group encompasses a wide range of organisms, including crabs, lobsters, shrimp, crayfish, and barnacles. They exhibit a remarkable variety of body shapes and sizes, adapted to their specific habitats and lifestyles.

Many crustaceans possess specialized appendages for feeding, locomotion, and defense. These organisms play significant ecological roles in aquatic ecosystems. They occupy various trophic levels, functioning as predators, scavengers, or filter feeders. They serve as a crucial food source for numerous marine and terrestrial animals, contributing to the overall biodiversity and food web dynamics.

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Who are the key Players Operating in the Industry ? :

• Seaview Crab Company

• High Liner Foods, Inc

• Shiok Meats

• RDM Aquaculture LLC

What are the Growth Prospects and Trends in the Crustaceans Industry ? :

The growing demand for seafood and the growing popularity of crustaceans as a culinary choice is driving the global market. Moreover, the rise in health-conscious consumer preferences and the recognition of the nutritional benefits of crustaceans are catalyzing the market as crustaceans are low in fat, rich in lean protein, and provide essential vitamins and minerals.

Additionally, the increasing consciousness among consumers about the environmental impact of their food choices and the rising willingness to support sustainable seafood options is strengthening the market worldwide. Besides, the growth of international trade and the expansion of the food service industry are acting as growth-inducing factors. The market is further driven by the ongoing technological advancements in processing, packaging, and transportation that further improve the quality and shelf life of crustacean products.

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Key Market Segmentation:

Type Insights:

• Lobsters

• Shrimps

• Crabs

• Others

Application Insights:

• Retail

• Institutions

• Food Service

Breakup by Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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