(Entertainment-NewsWire.com, December 22, 2016 ) There are approximately 40,000 crustacean species, including shrimp, lobsters, barnacles, crabs, krill, and other related species. The market for crustaceans is growing due to high consumption of seafood worldwide and rising global population. China accounts for 35% of all seafood consumed globally, and we estimate that by 2017, China will become the largest market for seafood globally. Moreover, seafood is preferred for its nutritional value as it is low in saturated fats and a significant source of omega-3 fatty acids. 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.
Technavios analysts forecast the global crustaceans market to grow at a CAGR of 4.08% during the period 2016-2020.
Covered in this report 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 market is divided into the following segments based on geography: Americas APAC EMEA
Technavio's report, Global Crustaceans Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Ichiboshi, International Fish Farming and Holding Company RDM Aquaculture Seaview Crab Company Surapon Foods The Crab Company (Fiji)
Other prominent vendors Big Prawn Beijing Princess Seafood Dong Won Fisheries AquaChile Faroe Seafood Findus Group Mogster Group Nireus Aquaculture Russian Aquaculture Selonda Aquaculture
Market driver Nutritional value of seafood For a full, detailed list, view our report
Market challenge Adverse climatic conditions and contamination For a full, detailed list, view our report
Market trend New aquaculture opportunities For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
