Between 2014 and 2019, the crustaceans market in South Korea witnessed significant fluctuations, ranging from a low of 128.31 thousand metric tons in 2015 to a peak of 176.64 thousand metric tons in 2016. From 2019 to 2023, the market volume stabilized, experiencing moderate annual increases. The market stood at 172.08 thousand metric tons in 2023, a mere 1.03% year-on-year growth, and a 1.22% CAGR over the last five years.
The forecasted data suggests moderate growth, with the market expected to reach 180.76 thousand metric tons by 2028, a forecasted CAGR of 0.83%. Future trends to monitor include the impact of sustainable fishing practices, changes in consumer preferences towards seafood, and potential advancements in aquaculture technology.
