Malaysia Crustaceans Market | COVID-19 IMPACT, Size, Trends, Industry, Revenue, Value, Outlook, Analysis, Growth, Companies, Forecast & Share

Malaysia Crustaceans Market Synopsis

The Malaysia crustacean market was valued at USD 8.5 billion in 2019 and is expected to grow by 7.7% annually over the next five years, reaching a total value of USD 12.9 billion by 2025. The growth of the sector is driven largely by increasing demand for high-value seafood products from retailers and foodservice outlets, as well as rising health consciousness among consumers leading to higher consumption of crustaceans such as crabs, shrimps, lobsters, and prawns. Additionally, increased investment in aquaculture farming has boosted production capacity which has further expanded the market size.

Market Drivers of the market

The Malaysia crustaceans market is influenced by factors such as domestic consumption, export demand, and seafood industry regulations. Malaysia coastal geography makes it conducive to crustacean farming and fishing. Export opportunities, particularly to international markets with high demand for seafood, contribute to the growth of this market.

Challenges of the market

The Malaysia crustaceans market, driven by its rich marine resources, confronts challenges associated with resource management, environmental impact, and market competition. Sustainable harvesting practices are essential to prevent overexploitation of crustacean populations and maintain a healthy marine ecosystem. Addressing concerns about pollution and habitat degradation while meeting the growing demand for crustacean products poses a challenge. Furthermore, competing with international seafood markets requires maintaining product quality, adhering to international standards, and establishing efficient distribution networks to ensure market competitiveness.

Covid-19 Impact on the market

The Malaysia crustaceans market experienced varying effects during the COVID-19 pandemic. Initially, the closure of restaurants and foodservice establishments led to decreased demand for crustacean products, affecting both domestic consumption and export markets. However, as restrictions eased and consumer confidence improved, the market saw a gradual recovery. The resurgence of dining out and the preference for seafood contributed to the market`s rebound. Additionally, the export-oriented nature of the crustaceans industry allowed it to adapt to changing international trade dynamics, further supporting its recovery.

Key Players of the market

The Malaysia bakery market offers a variety of baked goods and confections. Key players in this market, including BakeryCrafters MY, SweetBake Innovations, and ArtisanBreads Co., specialize in producing baked products. These companies focus on recipe innovation, baking techniques, and quality ingredients to provide a diverse range of bakery items to consumers and retailers.

Key Highlights of the Report:

• Malaysia Crustaceans Market Outlook
• Market Size of Malaysia Crustaceans Market, 2023
• Forecast of Malaysia Crustaceans Market, 2030
• Historical Data and Forecast of Malaysia Crustaceans Revenues & Volume for the Period 2020-2030
• Malaysia Crustaceans Market Trend Evolution
• Malaysia Crustaceans Market Drivers and Challenges
• Malaysia Crustaceans Price Trends
• Malaysia Crustaceans Porter's Five Forces
• Malaysia Crustaceans Industry Life Cycle
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Crab for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Prawn for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Lobsters for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Product Categories for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Dried Crustacean for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Salted Crustacean for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Frozen Crustacean for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Marketing Channels for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Store-Based for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Non-Store Based for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By End-use for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Residential for the Period 2020-2030
• Historical Data and Forecast of Malaysia Crustaceans Market Revenues & Volume By Restaurants for the Period 2020-2030
• Malaysia Crustaceans Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Product Categories
• Market Opportunity Assessment By Marketing Channels
• Market Opportunity Assessment By End-use
• Malaysia Crustaceans Top Companies Market Share
• Malaysia Crustaceans Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Crustaceans Company Profiles
• Malaysia Crustaceans Key Strategic Recommendations