Asia Pacific Crustaceans Market Report 2024

Asia Pacific Crustaceans Market Report 2023 Market Size Split by Type (Lobster, Shrimp, Crab, Others), Application (Retail, Institutions, Retail), Origin (Capture, Aquaculture)

Asia Pacific Crustaceans Market Report Description

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There are both large and small producers and players in the highly competitive and fragmented crustacean industry. Distributors, aquaculture farms, and companies that process seafood are important market participants in this sector. High Liner foods, Surapon Foods Public Company Limited, and DNI Group are some of the leading businesses. These prominent figures in the industry concentrate on an array of tasks, ranging from the collection and manipulation of diverse crustacean species to their packing and dissemination. To obtain a competitive advantage, businesses prioritize strategic alliances, sustainable business practices, and innovative product development.
In November 2021, High Liner Foods declared that it had successfully acquired Rubicon Resources, LLC.
 

Top Companies Market Share in Asia Pacific Crustaceans Industry: (In no particular order of Rank)

• Sogelco International
• East Coast Seafood Group
• High liner foods
• Acadia Crawfish
• Louisiana Crawfish Co.
• Ready Seafood
• The Crab Company
• August Seafood
• Maruha Nichiro Corporation
• Sirena A/S
• Trident Seafoods Corporation
• The Clover Leaf Seafoods Family
• Siam Canadian Group Limited
• RDM Aquaculture
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Asia Pacific Crustaceans Market Analysis

Crabs, shrimp, lobsters, and other crustacean species are among the different types of crustaceans that make up the global market; each has its own distinct flavour, texture, and culinary uses. Crabs are loved in many recipes, such as crab cakes, crab salads, and crab soups, because of their sweet, delicate meat. Popular all over the world, shrimp are prized for their mild flavour and succulent flesh. Shrimp scampi, shrimp stir-fries, and shrimp cocktails are just a few of the many recipes that use them as versatile ingredients in cuisines across the globe. Lobsters are prized for their meat, which is rich and succulent and frequently regarded as an opulent treat to be enjoyed at fancy dining establishments and during seafood feasts. With their distinct Flavors, other crustacean species like prawns, langoustines, and crayfish add to the market's diversity.

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

The crustaceans are mostly preferred by retail stores or organisations. This is attributed to the growth in preference for ready to eat foo products. In addition, crustaceans are also available in form of frozen and canned crustaceans. Thus, the retail segment is the largest segment in the global market.

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

Asia Pacific Crustaceans Origin Segment Analysis

By origin, the crustacean market can be divided into aquaculture production and capture fisheries. Crustaceans are harvested by capture fisheries from the oceans, seas, and freshwater bodies where they naturally reside. Much of the world's supply of crustaceans comes from this method, especially those that are wild-caught like lobsters, shrimp, and crabs. Nonetheless, overfishing, habitat degradation, and bycatch of non-target species pose sustainability challenges to capture fisheries, motivating initiatives to enhance fisheries management and lessen environmental effects. Conversely, aquaculture production entails raising crustaceans in cages, tanks, and other controlled environments. Since aquaculture offers benefits like year-round availability, species diversity, and less strain on wild stocks, it has grown in importance in supplying the growing demand for crustaceans. To ensure long-term viability, aquaculture operations must invest in research, technology, and best practices. However, they also face challenges related to disease management, environmental sustainability, and social responsibility.

• Capture
• Aquaculture

Asia Pacific Crustaceans Country Analysis

In this section we have included market revenue, share, type, application and other segment analysis for each country level. Our team identifies and analyses potential risks associated with operating in each country, including rules and regulations, geopolitical risks, and other market-specific challenges. We estimate historical data and forecast future trends to understand the market's current situation in each country. This analysis helps key players to build strategies to strengthen their foothold in Asia Pacific Crustaceans market.

• China
• Japan
• Korea
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest of APAC

The Current Published report Editon on the website includes the following list of countries analysis whereas in case you looking to access any other country or states level data under Asia Pacific then please revert us to access the exclusive Asia Pacific Crustaceans industry report Edition.

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The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

Bio :

Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing...Read More

Author's Conclusion

Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.

The Asia Pacific Crustaceans Market is witnessing significant growth in the near future.

In 2023, the Lobster segment accounted for noticeable share of Asia Pacific Crustaceans Market and is projected to experience significant growth in the near future.

The Retail segment is expected to expand at the significant CAGR retaining position throughout the forecast period.

Some of the key companies Sogelco International , High liner foods and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the market.

Frequently Asked Questions

What is Asia Pacific Crustaceans market size/share and growth rate?

Asia Pacific Crustaceansmarket size and its growth rate has been provided in the report. The historical period included in the report is from 2019 to 2023, whereas, the report provides forecast data for the years 2023 to 2030. This will help you to in terms of market share, regional market share, country level market share to understand how the market has been performing in the past and how it is going to perform in the following years. Correspondingly, historical and forecast analysis comprises sales and revenue data of the Asia Pacific Crustaceansmarket. Market size for UK, Europe, North America, Asia Pacific, Middle East & Africa is also included in the report.

What are the major factors affecting the Asia Pacific Crustaceans market?

The major factors affecting the Asia Pacific Crustaceans market in a positive, as well as negative perspective, have been provided with detailed analysis in the report. This segment has encompassed drivers, opportunities, and challenges faced by the industry. This will help you to understand the major factors impacting Asia Pacific Crustaceans market trends and develop your business strategy accordingly.

Who are the top manufacturers of Asia Pacific Crustaceans? List of Asia Pacific Crustaceans Companies and there market trend or market share?

Major manufacturers or list of Asia Pacific Crustaceans manufacturers 2023 involved in the market have been profiled in the report along with their business strategies, recent developments, SWOT analysis, business overview, and market Trend from the year 2018-2022. Asia Pacific Crustaceans Companies such as Sogelco International, East Coast Seafood Group, High liner foods, Acadia Crawfish, Louisiana Crawfish Co., Ready Seafood, The Crab Company, August Seafood, Maruha Nichiro Corporation, Sirena A/S, Trident Seafoods Corporation, The Clover Leaf Seafoods Family, Siam Canadian Group Limited, RDM Aquaculture are part of the final deliverable document along with the same we can provide data for 2nd, 3rd, start-up level companies data and strategies as well. This will help you to understand the competitive analysis of the market and how other players are performing in the market. This detailed competitive analysis will help you to strategize your business accordingly and will keep you one step ahead. A quantitative and qualitative analysis of the main players in the Asia Pacific Crustaceans market is introduced, from the perspective of sales, revenue and price.

Which segments are covered under Asia Pacific Crustaceans market segments analysis?

Under Asia Pacific Crustaceans market segments analysis Type, Application, Origin. It provides detailed insights on each type and application. Further, it provides which sub-segment is dominating the Asia Pacific Crustaceans market along with its reason. Additionally, the Asia Pacific Crustaceans market report will help you to analyze which sub-segment is fastest-growing during the forecast period.

What has been the impact of COVID-19 on the Asia Pacific Crustaceans market?

After the analysis of the complete market, the report has provided how the COVID-19 pandemic has affected the market. All the parameters have covered the overall impact of COVID -19 on the market value, market trend & growth of the market, and how the major players in the particular market are adopting these changes. This will help you to understand the overall optimistic, pessimistic, and neutral effects of the coronavirus pandemic on the Asia Pacific Crustaceans market.

How the Asia Pacific Crustaceans market performed till 2023 and how will it perform in the following years?

The Asia Pacific Crustaceans market has been analyzed thoroughly and has estimated the parameters which have affected the market in the historical period as well as how the market is going to perform in the following years. This will provide a complete market scenario and help you to strategize your next move accordingly to the Asia Pacific Crustaceans market Share.

Which region is expected to hold the highest market share in the Asia Pacific Crustaceans market?

The report gives an exhaustive investigation of the Asia Pacific Crustaceans market at country & regional levels, and provides an analysis of the industry trends in each of the regions, from sales, revenue, and consumption. It will help you to understand which region is dominating the market and is expected to grow significantly in the following years. The regional analysis will help you in strategizing the expansion of business.

What are the parameters used to analyze market position?

Asia Pacific Crustaceansmarket report has provided PESTEL and Porter analysis to provide insightful information regarding the market scenario. It also provides market attractiveness analysis with an acknowledgment of various factors within the market, including growth rate and market size, as well as outside factors such as access to raw materials, competition, and industry capacity.

How to order Full Report or Sample pages of the Asia Pacific Crustaceans market?

The sample report for the Asia Pacific Crustaceans Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.