Research and Markets - Global Crustacean Market 2016-2020 with Ichiboshi, International Fish Farming and Holding Company, RDM Aquaculture, Seaview Crab Company, Surapon Foods & The Crab Company Dominating
The global crustaceans market to grow at a CAGR of 4.08% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global crustaceans market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of crustaceans including shrimp, crabs, prawns, barnacles, krill, and lobsters. The report also includes a discussion of the key vendors operating in this market.
Rising sea levels, abrupt changes in weather patterns, and increased emission of greenhouse gases have affected the marine ecosystem globally. These adverse climatic conditions can limit farming and aquaculture activities. During the forecast period, China is expected to become the largest exporter of crustaceans globally, accounting for about 89% of the total global exports of crustaceans by 2030. Japan is expected to become the largest importer, accounting for about 45% of the total global imports of crustaceans. The per capita fish consumption is also expected to increase to reach 18 kg/person by 2020.
New aquaculture opportunities is one of the major trends gaining traction in the global crustaceans market. Research in the James Cook University has indicated that cherabin, a native Australian prawn species, has the potential to be bred and harvested. This native prawn, found in northern Australian waterways, could have the potential for commercial aquaculture due to multiple factors. This species can be farmed in remote areas such as Northern Australian waters given the low infrastructure and labor requirement. Weighing over 200 grams, it can be bred and grown in ponds. This can go on to become a lucrative offering in the crustaceans market.