Global Crab Market Forecast Report by Type (Blue Crab, Chinese Mitten, Gazami Crab, Other Crab Types), Form (Frozen, Canned, Other Forms), Country and Company Analysis 2024-2032
Buy NowGlobal Crab Market Size
Global crab market was valued at US$ 10.74 billion in 2023 and is projected to reach US$ 17.96 by 2032 at CAGR of 5.88% from 2024 to 2032. The main factors driving the market expansion are the expanding number of retail establishments selling crustaceans, the growing recognition of land-based aquaculture, and growing consumer knowledge of the nutritional advantages of crabs.
Crab Market Outlooks
The term "aquaculture" refers to a new and widely used method of producing food that is important for providing protein sources, such as aquatic animals and plant-like species. As more countries become involved and new species are brought into production, the output from aquaculture steadily increases. Nowadays, there is a strong market demand for crab farming both domestically and globally because to its popularity in culture. The Portunidae family comprises edible crabs found in brackish and marine waters.
Mud crabs have a higher flesh content and can develop faster in ponds, which makes them a popular product for sale on the global market. Demand cannot be fixed because live mud crabs come in different sizes, ranging from 500 grams to 1000 grams and more.
Together with a respectable amount of protein, vitamins, and minerals, crab meat also contains some nutritional value. Furthermore, it is noteworthy that crab flesh has sufficient anti-inflammatory properties to regulate blood pressure in addition to being vital for maintaining our bone and mental health. The increased understanding of these health advantages, particularly among consumers, is probably going to encourage more people to eat crab meat.
| Report Features | Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 - 2032 |
|
Historical Years |
2019 - 2023 |
|
Market Size in 2023 |
US$ 10.74 Billion |
|
Market Forecast in 2032 |
US$ 17.96 Billion |
|
Market Growth Rate (2024-2032) |
5.88% |
Growth Drivers of the Crab Market
Crab consumption's growing health benefits are fueling the market's expansion
Crabs' protein is used in the synthesis and maintenance of bodily tissue. Omega-3 fatty acids with longer chains that have anti-inflammatory properties, such as EPA and DHA, are abundant in crab. Studies reveal that it can treat ulcerative colitis and psoriasis, lower blood pressure, prevent heart disease, and improve cognitive function. Minerals that fortify the immune system that are found in crabs include copper, zinc, and selenium. This article examines the market research, relative composition, and health advantages of different kinds of crabs. All varieties of crustaceans, including crabs, are rich in selenium. As an antioxidant, selenium counteracts the carcinogenic effects of mercury, cadmium, and arsenic. Selenium levels in the blood have been associated with a decreased risk of cancer. In reality, lysate from the blue blood of horseshoe crabs is used to treat cancer and diagnose spinal meningitis.
Apart from its low saturated fat content, crab meat's tissue contains chromium, which contributes to raising HDL (good cholesterol) levels and lowering the incidence of heart attacks and vascular heart disease. Actually, the sterol found in crabs counteracts the harmful effects of other lipids by preventing the absorption of other cholesterol throughout a meal. Furthermore, one of the most important sources of protein in the diet is crab. It has almost the same protein content per 100 grams as meat, but it doesn't include any saturated fat, which raises the risk of cardiovascular disease. Because crabs don't have connective tissue, their protein is extremely qualified and easy for people of all ages to digest. bringing up crab market revenue as a result.
Developments in Aquaculture
The methods used in crab farming have changed significantly in the new millennium, and this sector is quickly becoming one driven by innovation. Breeding, water quality, and automated feed delivery systems are a few examples of practices that save operational costs and increase yields. Crab farms benefit from increased yields as well as related health issues related to financial and environmental challenges. Therefore, more productive techniques for raising crabs that incorporate IMTA reduce waste and have a beneficial environmental impact, fostering the future sustainability that is required.
Challenges in the Global Crab Market
Overfishing and Sustainability Concerns
Overfishing is a significant challenge in the global crab market, leading to dwindling populations of various crab species. Unsustainable fishing practices threaten the long-term viability of crab fisheries, impacting both the ecosystem and the livelihoods of communities dependent on crab harvesting. Regulatory measures may limit catch quotas, affecting supply and driving up prices. The challenge lies in balancing the need for economic gain with sustainable practices to ensure the health of crab populations. Furthermore, consumer awareness about sustainability is rising, compelling suppliers to adopt responsible sourcing practices or risk losing market share to eco-friendly competitors.
Market Price Volatility
Price volatility is a persistent challenge in the global crab market, driven by various factors such as supply chain disruptions, seasonal variations, and fluctuating demand. Changes in fishing regulations or environmental conditions can lead to sudden decreases in supply, causing prices to soar. Conversely, increased supply during peak seasons can lead to price drops, affecting the profitability of fishermen and distributors. This uncertainty makes it difficult for stakeholders to plan effectively, impacting investment decisions and long-term strategies. Additionally, price fluctuations can lead consumers to seek alternative seafood options, further complicating market dynamics.
North America Crab Market
North America is the crab market region with the quickest rate of growth worldwide and accounts for a significant portion of the global crab market share. The National Oceanic and Atmospheric Administration (NOAA) reported that the amount of seafood consumed in American diets has increased recently due to increases in seafood landings and growing consumer demand for imported crabs and other seafood. Alaska accounted for 60% of seafood landings, the greatest percentage in the nation, and crabs were the highest-value species in the United States in 2020, with a value of USD 584 million, according to the NOAA's annual fisheries report. Jonah crabs were historically collected in the United States as an accidental byproduct of fisherman pursuing lobsters in the northwest Atlantic Ocean. However, there has been an increase in recent years in the commercial interest in the species as a targeted catch.
Furthermore, according per the Bureau of Labor Statistics, the average cost per consumer unit in the United States for fish and seafood in 2021 was USD 729. Similarly, Progressive Grocer reports that from 2019 to 2021, a higher percentage of American fish consumers searched for sustainable seafood products. Just 29% of seafood consumers in 2019 were sustainable. In 2021, this percentage was 41%. In addition, the Canadian government states that 32,519 tons of Total Allowable Catch (TAC) will be made available for the 2022 SGSL Snow crab fishery in order to increase domestic availability and lower prices. During the projected period, this increase in seafood consumption is anticipated to accelerate the expansion of the crab market.
Europe Crab Market
The European crab market is characterized by diverse species, including brown and king crabs, primarily sourced from the North Atlantic. Culinary trends and a growing interest in seafood drive demand. However, sustainability concerns and overfishing pose significant challenges. Regulatory measures and consumer preferences for sustainably sourced products shape market dynamics and influence procurement strategies.
Spain Crab Market
The Spanish crab market is vibrant, intensely demanding various crab species, including blue and European brown crabs. Spain's coastal regions, particularly Galicia, are known for their rich marine biodiversity, contributing to local fisheries. The culinary culture emphasizes seafood, leading to increased consumption of crabs in traditional dishes. However, sustainability issues and overfishing pose challenges, prompting regulatory measures to protect crab populations. Consumers are becoming more aware of sustainable sourcing, influencing market trends. As a result, the Spanish crab market is evolving to incorporate eco-friendly practices while catering to the growing demand for high-quality seafood.
Saudi Arabia Crab Market
The Saudi Arabian crab market is witnessing steady growth, driven by rising consumer demand for seafood and a burgeoning restaurant industry. With its rich marine biodiversity, the Red Sea is a primary source for various crab species, including blue and stone crabs. Traditional dishes featuring crab are gaining popularity, enhancing market prospects. However, the market faces challenges related to overfishing and the need for sustainable practices. The government promotes aquaculture initiatives to boost local crab production and alleviate pressure on wild populations. As a result, the Saudi crab market is adapting to meet both consumer preferences and sustainability goals. Sept 2023, Spain-based Craex, the invasive species, also presents an opportunity to develop a new market.
Global Crab Market Company Overview
Crab supply and trading involve a number of significant businesses. Bumble Bee Foods LLC, Phil-Union Frozen Foods Inc., Maine Lobster Now, Bumble Bee Foods LLC, Supreme Crab & Seafood Inc., JM Clayton Seafood Company, RGE Agridev Corporation, Siam Canadian Group Limited, and Handy Seafood are some of these businesses.
Crab Market Company News
In September 2023, Handy Seafood launched OLD BAY Crab Cake Minis, offering authentic Maryland crab cake flavor in a convenient microwavable format.
In February 2023, Handy Seafood made its packaging more vibrant and sustainable by using recyclable, compostable materials and colorful food illustrations to indicate the ingredients.
In May 2023, this year's local soft crab promotion in Crisfield, Maryland, has been launched by Handy Seafood.
In October 2022, Mumbai is now home to Pescafresh, an Indian seafood provider that specializes in mud crabs, for processing and distribution.
In January 2022, At the Onega shipbuilding facility in Petrozadovsk, a new crabbing vessel for the Russian Crab Group was launched. It is the first of a currently-being-constructed series.
Type: Market is divided into 4 viewpoints
- Blue Crab
- Chinese Mitten
- Gazami Crab
- Other Crab Types
Form: Market is divided into 3 viewpoints
- Frozen
- Canned
- Other Forms
Country: Market is divided into 24 viewpoints
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Netherlands
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Malaysia
- Indonesia
- Israel
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Rest of World
All the key players have been covered from 5 Viewpoints:
- Key Person
- Company overview
- Recent Development
- Product Portfolio
- Sales Analysis
Company Analysis
- Bumble Bee Foods LLC
- Supreme Crab & Seafood Inc.
- Maine Lobster Now
- Millennium Ocean Star Corporation
- Phil-Union Frozen Foods Inc.
- JM Clayton Seafood Company
- RGE Agridev Corporation
- Siam Canadian Group Limited
- Handy Seafood
Report Details:
| Report Features | Details |
| Base Year |
2023 |
| Historical Period |
2019 - 2023 |
| Forecast Period |
2024 - 2032 |
| Market |
US$ Billion |
| Segment Covered |
Type, Form and Countries |
| Countries Covered |
|
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
key questions typically answered in this market report:
- How big is the crab industry?
- What is the crab industry growth rate?
- Who are the key players in crab industry?
- What are the factors driving the crab industry?
- Which Region held the largest market share in the crab industry?
- What segments are covered in the crab Market report?
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1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Crab Market
6. Market Share
6.1 By Type
6.2 By Form
6.3 By Countries
7. Type
7.1 Blue Crab
7.2 Chinese Mitten
7.3 Gazami Crab
7.4 Other Crab Types
8. Form
8.1 Frozen
8.2 Canned
8.3 Other Forms
9 By Country
9.1 North America
9.9.1 United States
9.9.2 Canada
9.2 Europe
9.2.1 France
9.2.2 Germany
9.2.3 Italy
9.2.4 Spain
9.2.5 United Kingdom
9.2.6 Netherlands
9.3 Asia Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Australia
9.3.5 South Korea
9.3.6 Malaysia
9.3.7 Indonesia
9.3.8 Israel
9.4 Latin America
9.4.1 Brazil
9.4.2 Mexico
9.4.3 Argentina
9.4.4 Colombia
9.5 Middle East & Africa
9.5.1 South Africa
9.5.2 Saudi Arabia
9.5.3 UAE
9.6 Rest of World
10 Porter’s Five Forces Analysis
10.1 Bargaining Power of Buyer
10.2 Bargaining Power of Supplier
10.3 Threat of New Entrants
10.4 Rivalry among Existing Competitors
10.5 Threat of Substitute Products
11 SWOT Analysis
11.1 Strength
11.2 Weakness
11.3 Opportunity
11.4 Threat
12 Company Analysis
12.1 Bumble Bee Foods LLC
12.1.1 Key Person
12.1.2 Company Overview
12.1.3 Recent Development
12.1.4 Product Portfolio
12.1.5 Sales Analysis
12.2 Supreme Crab & Seafood Inc.
12.2.1 Key Person
12.2.2 Company Overview
12.2.3 Recent Development
12.2.4 Product Portfolio
12.2.5 Sales Analysis
12.3 Maine Lobster Now
12.3.1 Key Person
12.3.2 Company Overview
12.3.3 Recent Development
12.3.4 Product Portfolio
12.3.5 Sales Analysis
12.4 Millennium Ocean Star Corporation
12.12.1 Key Person
12.12.2 Company Overview
12.12.3 Recent Development
12.12.4 Product Portfolio
12.12.5 Sales Analysis
12.5 Phil-Union Frozen Foods Inc.
12.5.1 Key Person
12.5.2 Company Overview
12.5.3 Recent Development
12.5.4 Product Portfolio
12.5.5 Sales Analysis
12.6 JM Clayton Seafood Company
12.6.1 Key Person
12.6.2 Company Overview
12.6.3 Recent Development
12.6.4 Product Portfolio
12.6.5 Sales Analysis
12.7 RGE Agridev Corporation
12.7.1 Key Person
12.7.2 Company Overview
12.7.3 Recent Development
12.7.4 Product Portfolio
12.7.5 Sales Analysis
12.8 Siam Canadian Group Limited
12.8.1 Key Person
12.8.2 Company Overview
12.8.3 Recent Development
12.8.4 Product Portfolio
12.8.5 Sales Analysis
12.9 Handy Seafood
12.9.1 Key Person
12.9.2 Company Overview
12.9.3 Recent Development
12.9.4 Product Portfolio
12.9.5 Sales Analysis
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