Global Crustaceans Market Outlook 2022

Crustaceans are a group of invertebrate aquatic fauna consisting of many species. Crabs, lobsters, crustaceans, krill, crayfish, prawns and wood lice are the best known crustaceans. Nearly half of the world‘s total production of crustaceans are produced in China alone. They are majorly consumed as food throughout the world. Crustaceans find wide ranging applications across industries such as food industry, pharmaceutical industry and cosmetic industry. Due to numerous health benefits, crustaceans are finding increasing adoption in the food industry in the form of fresh food, frozen food and even snacks. In the cosmetic industry, crustaceans hold high value. They contain natural compounds that are beneficial for skin tissues.
According to the analysis done by Persistence Market Research, the global crustaceans market is experiencing steady rise since past years.This growth can be attributed towards increasing demand for fresh and frozen sea food, rising per capita income coupled with higher consumption of fish and sea food products and increasing awareness regarding health benefits associated with the consumption of crustaceans.

Market Analysis and Insights: Global Crustaceans Market
The global Crustaceans market was valued at US$ million in 2020 and it is expected to reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.

Global Crustaceans Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Crustaceans Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Lobster
Shrimp
Crab
Others

Segment by Application
Food Industry
Pharmaceutical Industry
Cosmetic Industry
Others

By Company
Charoen Pokphand Food
High Liner Foods
Royal Greenland
The Clover Leaf Seafoods Family
Ocean America Food
Rich Products
Trident Seafoods
International Fish Farming Holding Company(PSC)
DNI
Surapon Foods Public
Siam
Sirena
Morubel
Blue Star Seafood
Maruha Nichiro

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E