Shellfish Surge: Forecasting Growth In The Crustacean Market 2024-2030

Published: 2024-03-26
Views: 45
Author: manasi05
Published in: Business

Crustacean Market Report Overview: 

The report provides an in-depth analysis of the current Crustacean Market and forecasts performance over the forecast period. The report profiles the key criteria of the Crustacean Market to support stakeholders in making optimized business decisions. The report provides an overview of the Crustacean Market with standard topics highlighted with data customized as needed. The report provides insight into the Crustacean Market, which helps to understand the future demand for products and the potential for competitiveness. Market Overview provides detailed information on market size, regional share, and benchmarking of the market players. The report helps in providing complete knowledge of Crustacean Market to redefine the business strategies and utilize them to their full potential.

Expected Revenue Growth Analysis:

Crustacean Market size was valued at US$ 31.89 Bn. in 2023 and the total Crustacean revenue is expected to grow by 5.5% from 2024 to 2030, reaching nearly US$ 46.39 Bn.

Crustacean Market Scope:

The report provides drivers which can be used as an advantage, restraints to overcome challenges and potential opportunities for the Crustacean Market. The Crustacean Market report also helps in understanding the interests and buying habits off the consumer, how much do your potential customers spend annually on the types of products or services you plan to offer and how big is the potential market for your business. The qualitative and quantitative data provided in the Crustacean Market study help in understanding which market segments and regions are expected to grow at higher rates, the factors affecting the market, and key opportunity areas. The report provides an analysis of key players that takes into account their contribution in the Crustacean Market as a whole. It offers the idea of growing the business in the Crustacean Market compared to other players. The report covers key insights pertaining to market players based on revenue generation, product offering and customer base compared to your business. It shows the characteristics of the Crustacean Market in terms of the characteristics of growth, fragmentation, domination, and merging. The report provides a detailed analysis of company size, market share, market growth, revenue, production volume, and profits of the key players in the Crustacean Market. The Report provides insights on what growth strategies are being adopted by key players such as forming strategic alliances, new product innovation, etc. The report helps in understanding the pricing of the competitors in the Crustacean Market to analyze and create pricing strategies accordingly.

To further investigate this topic, please navigate to the following link: https://www.maximizemarketresearch.com/market-report/global-crustacean-market/70740/ 

Crustacean Market Regional Analysis:

The report includes factors impacting the Crustacean Market positively and negatively in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. Various regions, and countries have legal barriers, geographic advantages, distinct buying behavior etc. 

Crustacean Market Segments:

by Type

Crab
Prawn
Lobsters

According to Type, during the forecast period, the crab segment is anticipated to grow at a CAGR of 4.3%. The crab industry appears to be rebounding from a terrible year in 2023. Trade figures indicate growth in nearly all markets. Prices are rising in tandem with a high and growing demand. Prices may rise further as a result of supply constraints brought on by rising demand. Comparing the first quarter of 2023 to the same period in 2023, there was a 7.3% increase in global imports. China saw a 59.5% increase in imports, whereas the US saw an 11.2% increase in imports. Conversely, imports from Korea fell by 15.8%.

by Type

Dried Crustacean
Salted Crustacean
Frozen Crustacean

by Application

Store-Based
Non-Store Based

by End-User

Residential
Restaurants

In many nations, the growth of this segment is driven by the crab seasons. The January–June 2022 California Dungeness crab season was a disappointment. Due to a delayed start and early finish due to the risk of humpback whales becoming entangled in crab-trap lines, there were few lands. Additionally, the yields were low. Costs were somewhat expensive, though. The average landing price increased from USD 3.6 per pound in the 2023 season to USD 6 per pound.

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Table of Content: Crustacean Market

Part 01: Executive Summary

Part 02: Scope of the Crustacean Market Report

Part 03: Global Crustacean Market Landscape

Part 04: Global Crustacean Market Sizing

Part 05: Global Crustacean Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Crustacean Market Key Players:

1. Ichiboshi
2. International Fish Farming
3. RDM Aquaculture
4. Seaview Crab Company
5. Surapon Foods
6. The Crab Company
7. Findus Group
8. Mogster Group
9. Nireus Aquaculture
10. Russian Aquaculture
11. Selonda Aquaculture
12. Beijing Princess Seafood
13. Dong Won Fisheries
14. Faroe Seafood
15. Big Prawn

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Key Questions answered in the Crustacean Market Report are: 

• Which segment grabbed the largest share in the Crustacean Market in 2023?
• How is the competitive scenario of the Crustacean Market?
• Which are the key factors aiding the Crustacean Market growth?
• Which region holds the maximum share in the Crustacean Market?
• What will be the CAGR of the Crustacean Market during the forecast period?
• Which application segment emerged as the leading segment in the Crustacean Market?
• Which are the prominent players in the Crustacean Market?
• What key trends are likely to emerge in the Crustacean Market in the coming years?
• What will be the Crustacean Market size by 2030?
• Which company held the largest share in the Crustacean Market?

Key Offerings:

• Market Overview
• Market Share
• Market Size 
• Forecast by Revenue
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segments, sub-segments and region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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