Global Crustaceans Market 2016-2020

Overview of the crustaceans market

The essential nutrients in seafood like protein, minerals, and vitamins are known to prevent a host of diseases. They have low saturated fat content and is a significant source of omega-3 fatty acids, DHA, and EPA. In developing nations like Bangladesh, Sri Lanka, and Ghana, seafood is an important part of the daily meal and it is also cheaper than animal protein. The demand for seafood is expected to rise during the forecast period due to the increasing awareness of the health benefits of seafood. For instance, crabs are rich in protein and omega-3 fatty acids, which have important anti-inflammatory properties beneficial for the treatment of arthritis. Extensive research carried out by the analysts at Technavio has shown that the global crustaceans market will grow at a CAGR of more than 4% over the predicted period.

The online and e-commerce channels have boosted the seafood market on a large scale as these platforms support both business-to-business (B2B) and business-to-consumer (B2C) operations. For instance, Oceanexecutive.com is a B2B marketplace that connects seafood companies across the supply chain. At a B2C level, vendors sell their products on their websites or through established e-commerce sites like Amazon. Top retailers like Walmart and Target offer home delivery or in-store pick up of seafood after the customers place the order online. Several vendors like CrabPlace.com, Maine Lobster Now, and Maryland Blue Crab Express offer attractive deals to customers to make the most of the upcoming market opportunities.

Competitive landscape and key vendors