Global Crustacean Market size was USD 80.0 billion in 2024 and is projected to reach USD 140.0 billion by 2033, with a CAGR of 6.0% during the forecast period.
The global crustacean market is experiencing steady growth, driven by increasing demand for seafood proteins, rising consumption of sustainable and nutrient-rich foods, and advancements in efficient aquaculture and processing techniques. Crustaceans, available in shrimp, crab, lobster, and krill types, are valued for their high protein content, omega-3 fatty acids, and versatility in applications like food & beverages, animal feed, and pharmaceuticals. From 2021 to 2023, the market expanded due to heightened health awareness post-pandemic, growth in premium seafood exports, and innovations in frozen and value-added products for convenience. Key trends include the dominance of shrimp for its affordability, the prominence of frozen form for shelf life, and the rise of food & beverages applications in ready-to-eat meals. Asia Pacific holds the largest market share, led by China due to its extensive aquaculture production and export dominance. Europe is the fastest-growing region, fueled by sustainable sourcing regulations and premium demand in Germany. Challenges such as overfishing concerns, supply chain vulnerabilities from climate change, and high costs of sustainable certification persist, but opportunities in plant-based alternatives and emerging markets drive growth through 2033. Debates over environmental sustainability and ethical harvesting highlight the need for responsible solutions, with empathy for producers balancing yield and ecological preservation.
Research Objective
MARKET SEGMENTATION
Scope of the Study
Key Questions Answered in the Report
Chapter 1 Research Methodology
1.1 Research Objective
1.2 Market Research Process
1.2.1 Data Procurement and Data Mining
1.2.2 Data Analysis and Standardization
1.2.3 Data Processing and Market Formulation
1.2.4 Data Validation
1.3 Market Research Approach
1.3.1 Residential Research
1.3.2 Commercial Research
1.3.3 Assumptions & Limitations
1.4 Year Considered for the Study
Chapter 2 Executive Summary
2.1 Global Crustacean Market Snapshot
2.2 Global Crustacean Market
Chapter 3 Market Variables and Scope
3.1 Introduction to Crustacean
3.2 Classification and Scope
Chapter 4 Market Dynamics and Trends
4.1 Global Crustacean Market Dynamics
4.2 Global Crustacean Market Dynamics, Impact Analysis
4.3 Market Drivers
4.3.1 Driver 1
4.3.2 Driver 2
4.4 Market Restraints
4.4.1 Restraint 1
4.4.2 Restraint 2
4.5 Market Opportunity
4.5.1 Opportunity 1
4.5.2 Opportunity 2
Chapter 5 Premium Insights
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of Substitute Types
5.1.4 Rivalry among Existing Firms
5.1.5 Threat of New Entrants
5.2 Supply Chain Analysis
5.3 Market Share Analysis of Key Players, 2024
5.4 Market Entry Strategy Assessment
5.5 Strategic Recommendation for Stakeholders
Chapter 6 Global Crustacean Market, By Type
6.1 Global Crustacean Market, By Type, 2025 - 2033
6.2 Shrimp
6.3 Crab
6.4 Lobster
6.5 Krill
6.6 Prawns
6.7 Others
Chapter 7 Global Crustacean Market, By Form
7.1 Global Crustacean Market, By Form, 2025 - 2033
7.2 Fresh/Chilled
7.3 Frozen
7.4 Canned
7.5 Dried
7.6 Others
Chapter 8 Global Crustacean Market, By Application
8.1 Global Crustacean Market, By Application, 2025 - 2033
8.2 Food & Beverages
8.3 Animal Feed
8.4 Agriculture
8.5 Pharmaceuticals
8.6 Cosmetics
8.7 Others
Chapter 9 Global Crustacean Market, By Distribution Channel
9.1 Global Crustacean Market, By Distribution Channel, 2025 - 2033
9.2 Supermarkets/Hypermarkets
9.3 Convenience Stores
9.4 Online Retail
9.5 Food Service
9.6 Others
Chapter 10 Global Crustacean Market, By Region
10.1 Overview
10.2 North America
10.2.1 North America Crustacean Market, By Country
10.2.2 North America Crustacean Market, By Type
10.2.3 North America Crustacean Market, By Form
10.2.4 North America Crustacean Market, By Application
10.2.5 North America Crustacean Market, By Distribution Channel
10.2.6 United States
10.2.6.1 United States Crustacean Market, By Type
10.2.6.2 United States Crustacean Market, By Form
10.2.6.3 United States Crustacean Market, By Application
10.2.6.4 United States Crustacean Market, By Distribution Channel
10.2.7 Canada
10.2.7.1 Canada Crustacean Market, By Type
10.2.7.2 Canada Crustacean Market, By Form
10.2.7.3 Canada Crustacean Market, By Application
10.2.7.4 Canada Crustacean Market, By Distribution Channel
10.2.8 Others
10.2.8.1 Others Crustacean Market, By Type
10.2.8.2 Others Crustacean Market, By Form
10.2.8.3 Others Crustacean Market, By Application
10.2.8.4 Others Crustacean Market, By Distribution Channel
10.3 Europe
10.3.1 Europe Crustacean Market, By Country
10.3.2 Europe Crustacean Market, By Type
10.3.3 Europe Crustacean Market, By Form
10.3.4 Europe Crustacean Market, By Application
10.3.5 Europe Crustacean Market, By Distribution Channel
10.3.6 United Kingdom
10.3.6.1 United Kingdom Crustacean Market, By Type
10.3.6.2 United Kingdom Crustacean Market, By Form
10.3.6.3 United Kingdom Crustacean Market, By Application
10.3.6.4 United Kingdom Crustacean Market, By Distribution Channel
10.3.7 Germany
10.3.7.1 Germany Crustacean Market, By Type
10.3.7.2 Germany Crustacean Market, By Form
10.3.7.3 Germany Crustacean Market, By Application
10.3.7.4 Germany Crustacean Market, By Distribution Channel
10.3.8 France
10.3.8.1 France Crustacean Market, By Type
10.3.8.2 France Crustacean Market, By Form
10.3.8.3 France Crustacean Market, By Application
10.3.8.4 France Crustacean Market, By Distribution Channel
10.3.9 Italy
10.3.9.1 Italy Crustacean Market, By Type
10.3.9.2 Italy Crustacean Market, By Form
10.3.9.3 Italy Crustacean Market, By Application
10.3.9.4 Italy Crustacean Market, By Distribution Channel
10.3.10 Spain
10.3.10.1 Spain Crustacean Market, By Type
10.3.10.2 Spain Crustacean Market, By Form
10.3.10.3 Spain Crustacean Market, By Application
10.3.10.4 Spain Crustacean Market, By Distribution Channel
10.3.11 Others
10.3.11.1 Others Crustacean Market, By Type
10.3.11.2 Others Crustacean Market, By Form
10.3.11.3 Others Crustacean Market, By Application
10.3.11.4 Others Crustacean Market, By Distribution Channel
10.4 Asia Pacific
10.4.1 Asia Pacific Crustacean Market, By Country
10.4.2 Asia Pacific Crustacean Market, By Type
10.4.3 Asia Pacific Crustacean Market, By Form
10.4.4 Asia Pacific Crustacean Market, By Application
10.4.5 Asia Pacific Crustacean Market, By Distribution Channel
10.4.6 China
10.4.6.1 China Crustacean Market, By Type
10.4.6.2 China Crustacean Market, By Form
10.4.6.3 China Crustacean Market, By Application
10.4.6.4 China Crustacean Market, By Distribution Channel
10.4.7 Japan
10.4.7.1 Japan Crustacean Market, By Type
10.4.7.2 Japan Crustacean Market, By Form
10.4.7.3 Japan Crustacean Market, By Application
10.4.7.4 Japan Crustacean Market, By Distribution Channel
10.4.8 India
10.4.8.1 India Crustacean Market, By Type
10.4.8.2 India Crustacean Market, By Form
10.4.8.3 India Crustacean Market, By Application
10.4.8.4 India Crustacean Market, By Distribution Channel
10.4.9 South Korea
10.4.9.1 South Korea Crustacean Market, By Type
10.4.9.2 South Korea Crustacean Market, By Form
10.4.9.3 South Korea Crustacean Market, By Application
10.4.9.4 South Korea Crustacean Market, By Distribution Channel
10.4.10 Australia
10.4.10.1 Australia Crustacean Market, By Type
10.4.10.2 Australia Crustacean Market, By Form
10.4.10.3 Australia Crustacean Market, By Application
10.4.10.4 Australia Crustacean Market, By Distribution Channel
10.4.11 Others
10.4.11.1 Others Crustacean Market, By Type
10.4.11.2 Others Crustacean Market, By Form
10.4.11.3 Others Crustacean Market, By Application
10.4.11.4 Others Crustacean Market, By Distribution Channel
10.5 Latin America
10.5.1 Latin America Crustacean Market, By Country
10.5.2 Latin America Crustacean Market, By Type
10.5.3 Latin America Crustacean Market, By Form
10.5.4 Latin America Crustacean Market, By Application
10.5.5 Latin America Crustacean Market, By Distribution Channel
10.5.6 Brazil
10.5.6.1 Brazil Crustacean Market, By Type
10.5.6.2 Brazil Crustacean Market, By Form
10.5.6.3 Brazil Crustacean Market, By Application
10.5.6.4 Brazil Crustacean Market, By Distribution Channel
10.5.7 Others
10.5.7.1 Others Crustacean Market, By Type
10.5.7.2 Others Crustacean Market, By Form
10.5.7.3 Others Crustacean Market, By Application
10.5.7.4 Others Crustacean Market, By Distribution Channel
10.6 Middle East and Africa (MEA)
10.6.1 Middle East and Africa (MEA) Crustacean Market, By Country
10.6.2 Middle East and Africa (MEA) Crustacean Market, By Type
10.6.3 Middle East and Africa (MEA) Crustacean Market, By Form
10.6.4 Middle East and Africa (MEA) Crustacean Market, By Application
10.6.5 Middle East and Africa (MEA) Crustacean Market, By Distribution Channel
10.6.6 United Arab Emirates
10.6.6.1 United Arab Emirates Crustacean Market, By Type
10.6.6.2 United Arab Emirates Crustacean Market, By Form
10.6.6.3 United Arab Emirates Crustacean Market, By Application
10.6.6.4 United Arab Emirates Crustacean Market, By Distribution Channel
10.6.7 Others
10.6.7.1 Others Crustacean Market, By Type
10.6.7.2 Others Crustacean Market, By Form
10.6.7.3 Others Crustacean Market, By Application
10.6.7.4 Others Crustacean Market, By Distribution Channel
Chapter 11 Competitive Landscape
11.1 Strategic Move Analysis
11.1.1 Top Player Positioning/Market Share Analysis
11.1.2 Top Winning Strategies, By Year, 2021-2024
11.1.3 Competitive Analysis by Revenue, 2022-2024
11.2 Recent Developments by the Market Participants (2024-25)
Chapter 12 Company Profiles
12.1 Thai Union Group PCL
12.1.1 Company Snapshot
12.1.2 Company Overview
12.1.3 Financial Performance
12.1.4 Product Portfolio
12.1.5 Strategic Growth
12.2 Mowi ASA
12.2.1 Company Snapshot
12.2.2 Company Overview
12.2.3 Financial Performance
12.2.4 Product Portfolio
12.2.5 Strategic Growth
12.3 High Liner Foods Incorporated
12.3.1 Company Snapshot
12.3.2 Company Overview
12.3.3 Financial Performance
12.3.4 Product Portfolio
12.3.5 Strategic Growth
12.4 Clearwater Seafoods Incorporated
12.4.1 Company Snapshot
12.4.2 Company Overview
12.4.3 Financial Performance
12.4.4 Product Portfolio
12.4.5 Strategic Growth
12.5 Nippon Suisan Kaisha Ltd.
12.5.1 Company Snapshot
12.5.2 Company Overview
12.5.3 Financial Performance
12.5.4 Product Portfolio
12.5.5 Strategic Growth
12.6 Austevoll Seafood ASA
12.6.1 Company Snapshot
12.6.2 Company Overview
12.6.3 Financial Performance
12.6.4 Product Portfolio
12.6.5 Strategic Growth
12.7 Lerøy Seafood Group ASA
12.7.1 Company Snapshot
12.7.2 Company Overview
12.7.3 Financial Performance
12.7.4 Product Portfolio
12.7.5 Strategic Growth
12.8 Royal Greenland A/S
12.8.1 Company Snapshot
12.8.2 Company Overview
12.8.3 Financial Performance
12.8.4 Product Portfolio
12.8.5 Strategic Growth
12.9 Maruha Nichiro Corporation
12.9.1 Company Snapshot
12.9.2 Company Overview
12.9.3 Financial Performance
12.9.4 Product Portfolio
12.9.5 Strategic Growth
12.10 Nueva Pescanova Group
12.10.1 Company Snapshot
12.10.2 Company Overview
12.10.3 Financial Performance
12.10.4 Product Portfolio
12.10.5 Strategic Growth
12.11 Avanti Feeds Limited
12.11.1 Company Snapshot
12.11.2 Company Overview
12.11.3 Financial Performance
12.11.4 Product Portfolio
12.11.5 Strategic Growth
12.12 Zhanjiang Guolian Aquatic Products Co. Ltd.
12.12.1 Company Snapshot
12.12.2 Company Overview
12.12.3 Financial Performance
12.12.4 Product Portfolio
12.12.5 Strategic Growth
12.13 Surapon Foods Public Company Limited
12.13.1 Company Snapshot
12.13.2 Company Overview
12.13.3 Financial Performance
12.13.4 Product Portfolio
12.13.5 Strategic Growth
12.14 Charoen Pokphand Foods PCL
12.14.1 Company Snapshot
12.14.2 Company Overview
12.14.3 Financial Performance
12.14.4 Product Portfolio
12.14.5 Strategic Growth
12.15 East Coast Seafood LLC
12.15.1 Company Snapshot
12.15.2 Company Overview
12.15.3 Financial Performance
12.15.4 Product Portfolio
12.15.5 Strategic Growth
1. What is the crustacean market?
It refers to the global trade and production of shellfish like shrimp, crab, and lobster used in food, feed, and pharmaceutical applications.
2. What is the market size of the crustacean industry?
The market was valued at USD 80.0 billion in 2024 and is expected to reach USD 140.0 billion by 2033, at a 6.0% CAGR.
3. What factors are driving market growth?
Increasing demand for seafood protein, sustainable aquaculture practices, and growth in frozen and ready-to-eat seafood products.
4. Which segment dominates the market?
Shrimp dominates by type, while the frozen form leads due to its extended shelf life and export suitability.
5. Which region leads the global crustacean market?
Asia Pacific holds the largest share, led by Chinas extensive aquaculture production and export capacity.
6. What are the key challenges for the market?
Overfishing concerns, high certification costs for sustainability, and supply chain disruptions due to climate variability.
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