Crustacean Market

By Type;

Lobsters, Shrimps, Crabs and Others

By Application;

Retail, Institutions and Food Service

By Distribution Channel;

Business to Business and Business to Consumer

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn976340474 Published Date: September, 2025 Updated Date: October, 2025

Crustacean Market Overview

Crustacean Market (USD Million)

Crustacean Market was valued at USD 123,532.92 million in the year 2024. The size of this market is expected to increase to USD 154,007.04 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.2%.


Crustacean Market

*Market size in USD million

CAGR 3.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.2 %
Market Size (2024)USD 123,532.92 Million
Market Size (2031)USD 154,007.04 Million
Market ConcentrationHigh
Report Pages318
123,532.92
2024
154,007.04
2031

Major Players

  • Nippon Suisan Kaisha, Ltd.
  • High Liner Foods Inc.
  • Royal Greenland A/S
  • DNI Group LLC
  • Sirena A/S

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Crustacean Market

Fragmented - Highly competitive market without dominant players


The Crustacean Market continues to expand as demand for seafood strengthens globally. With 45% of seafood consumption attributed to crustaceans, their role in modern diets is undeniable. Consumers seeking protein-rich options have fueled this trend, as 38% of individuals identify seafood as a healthier choice compared to other proteins.

Consumption Dynamics
Rising interest in shrimp, crab, and lobster has fueled growth, with shrimp alone making up over 55% of total intake. Demand is further supported by the popularity of frozen and ready-to-cook seafood, chosen by 40% of consumers for its convenience. Premiumization trends are also driving spending on high-quality seafood products.

Production Innovations
Advances in aquaculture systems have reshaped supply, with over 60% of crustaceans now cultivated through controlled farming methods. Improvements in disease management and feed optimization have reduced production losses by 25%, ensuring consistent supply and aligning with sustainability goals.

Opportunities Ahead
Despite risks such as disease outbreaks affecting 20% of production, the industry is embracing sustainable aquaculture models. Nearly 30% of investors are channeling funds into eco-friendly farming, creating significant opportunities. These sustainable practices are expected to reinforce consumer trust and drive future expansion of the crustacean sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive SummaryCrustacean Market Trends
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Drivers, Restraints and Opportunities
    1. Drivers
      1. Changing Consumer Preferences
      2. Rising Global Population and Income Levels
      3. Globalization and International Trade
      4. Culinary Versatility and Gourmet Appeal
    2. Restraints
      1. Environmental Sustainability Concerns
      2. Regulatory Constraints and Compliance Requirements
      3. Trade Barriers and Tariffs
      4. Supply Chain Vulnerabilities and Disruptions
    3. Opportunities
      1. Growing Demand for Sustainable Seafood
      2. Expansion of Aquaculture Production
      3. Value Addition and Product Differentiation
    4. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    5. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Trends
    1. Crustacean Market, By Type, 2021 - 2031 (USD Million)
      1. Lobsters
      2. Shrimps
      3. Crabs
      4. Others
    2. Crustacean Market, By Application, 2021 - 2031 (USD Million)
      1. Retail
      2. Institutions
      3. Food Service
    3. Crustacean Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Business to Business
      2. Business to Consumer
    4. Crustacean Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nippon Suisan Kaisha, Ltd.
      2. High Liner Foods Inc.
      3. Royal Greenland A/S
      4. DNI Group LLC
      5. Sirena A/S
  7. Analyst Views
  8. Future Outlook of the Market