The 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 Outlook
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.
Growth Drivers of the Crab Market
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.
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 valued at 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.
Global Crab 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.
Global Crab Company News
North America
The key players have been covered from 5 viewpoints:
Crab Outlook
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.
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.
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 valued at 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.
Global Crab 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.
Global Crab Company News
- 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.
- Blue Crab
- Chinese Mitten
- Gazami Crab
- Other Crab Types
- Frozen
- Canned
- Other Forms
North America
- United States
- Canada
- France
- Germany
- Italy
- Spain
- United Kingdom
- Netherlands
- China
- Japan
- India
- Australia
- South Korea
- Malaysia
- Indonesia
- Israel
- Brazil
- Mexico
- Argentina
- Colombia
- South Africa
- Saudi Arabia
- UAE
The key players have been covered from 5 viewpoints:
- Key Person
- Company overview
- Recent Development & Strategies
- Product Portfolio
- Sales 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
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Global Crab Market
4. Market Dynamics
6. Market Share
7. Type
8. Form
9 By Country
10 Porter’s Five Forces Analysis
11 SWOT Analysis
12 Company Analysis
Companies Mentioned
- 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
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 10.74 Billion |
| Forecasted Market Value ( USD | $ 17.96 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
