The giant red shrimp is a deep-water benthopelagic species and has a reported depth distribution of 120–1300 m, generally on muddy bottoms, in the Mediterranean it shows a preference for quite deep waters, mainly 500-800m, but it is more likely than related species to be found in shallower waters. It is known to gather in large aggregations in submarine canyons and trenches along the
continental slope. Only a few individuals reproduce in their first year. The development of the
gonads starts during the winter and the shrimps reach sexual maturity in their second summer. Sexually mature males have an extended reproductive capacity and are able to mate throughout the year, however the females mature seasonally. In the
Strait of Sicily the females maturate and spawn from spring until autumn, with a peak in summer-autumn. This species gathers in shoals when mating and spawning. The eggs are released into the sea but the larval and juvenile stages are little known. This species is an opportunistic carnivore and scavenger with a high diversity in consumed prey types, the analysis of stomach content found both strictly benthic and pelagic prey . It is likely that this species undertakes diel migrations which are related to its feeding behaviour, during the day its prey consists of
benthos while during the night it prets on animals higher in the water column. Recorded prey include
crustaceans,
bony fish,
cephalopods siphonophores,
gastropods,
bivalves,
polychaetes and
foraminiferans. In the Straits of Sicily the main crustacean prey are
Plesionika and
Pasiphaea spp., especially
Pasiphaea sivado. Also in the Straits of Sicily cephalopods are relatively more important in its diet when compared to giant red shrimp from other areas, making
A. foliacea a significant contributor to the juvenile mortality of species such as
Heteroteuthis dispar in the food webs of the central Mediterranean. Giant red shrimp also change their feeding behaviour seasonally, siphonophores of the family
Diphyidae are important in the spring while benthic gastropods are an important food source in autumn. There appears to be a correlation between increased feeding in the Spring and increased reproductive activity. In the winter this species seems to eat more food but the food is of lower quality. ==Fisheries==