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

Indonesia Crustaceans Market Synopsis

The Indonesia crustaceans market is a lucrative industry that has been experiencing significant growth since 2015. Indonesia is one of the world?s largest producers and exporters of crustaceans, with shrimp being the most important species for domestic production and export. The country produces mainly black tiger shrimps (Penaeus monodon), white-leg shrimps (Litopenaeus vannamei) and giant freshwater prawns (Macrobrachium rosenbergii). Other common species include mud crab, slipper lobster, and deep-water prawn.

Market Trends

In recent years, the Indonesia crustacean market has seen an increase in demand from overseas buyers due to its competitive prices compared to other countries in Southeast Asia such as Thailand or Vietnam. In addition, there have been technological advancements in aquaculture practices which have helped boost productivity levels of some species such as Penaeus monodon by up to 30%. This trend is expected to continue driving demand for crustacean exports from Indonesia over the forecast period.

Market Drivers

The Indonesia crustaceans market is driven by increasing population, rising demand for seafood consumption, and rapid urbanization. The growing number of health-conscious consumers is also driving the demand for high-quality seafood products in Indonesia. Additionally, the government`s initiatives to support aquaculture production have resulted in an increase in fish farming activities across the country.

COVID-19 Impact on the Market

Due to COVID-19 pandemic, there has been a decline in export markets which has affected the sales of Indonesia crustaceans significantly. Furthermore, restrictions on imports from other countries and disruption of supply chains due to travel bans and lockdowns have further hindered its growth prospects. Moreover, social distancing norms imposed during this period has caused a drop in demand from restaurants and hotels thereby affecting its overall performance adversely.

Challenges of the Market

The major challenge faced by players operating within this industry is contamination of seafood with toxins like mercury or lead as these affect their shelf life negatively. Additionally, fluctuations in raw material prices along with issues related to food safety regulations are some other challenges being encountered within this sector currently.

Industry Key Players

PT Indomarco Prismatama (Indo Seafood), PT Sukses Bermudasari Sejahtera (Dua Kelinci), PT Central Proteina Prima Tbk., PT Swakarsa Sinartama Agroindustriyand many others

Key Highlights of the Report:

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