Crab Market Share

Global Crab Market Overview

Crab Market Size was valued at USD 11.5 billion in 2022. The Crab market is projected to grow from USD 12.20 billion in 2023 to USD 19.59 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2023 - 2032). Rising awareness regarding the nutritional benefits of crabs, a growing number of retail stores offering crustaceans, and the increasing prominence of land-based aquaculture are the key market drivers propelling the market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Crab Market Trends

• Growing health benefits of crab consumption are driving the market growth

The protein in crabs is utilized to produce and repair body tissue. Crab is rich in EPA and DHA, two anti-inflammatory omega-3 fatty acids with extended chain lengths. Research shows it can reduce blood pressure, prevent cardiac disease, enhance cognitive function, and treat psoriasis and ulcerative colitis. Copper, zinc, and selenium are among the minerals found in Crabs that strengthen the immune system. This post analyzes the market analysis, proximate composition, and health benefits of various crabs. Selenium is abundant in all types of crustaceans, including Crab. Selenium is an antioxidant that neutralizes the cancer-causing properties of cadmium, mercury, and arsenic. Blood levels of selenium have been linked to a lower risk of developing cancer. In reality, lysate extracted from the horseshoe crab's blue blood is used to diagnose spinal meningitis and combat cancer. Thus such growing health benefits and awareness boost the market CAGR during the forecast period.

In addition to crab meat's low saturated fat content, the chromium in its tissue helps increase HDL (good cholesterol) levels, thereby reducing the risk of strokes and circulatory heart disease. In actuality, crabs contain sterol, which inhibits the uptake of other cholesterol consumed during a meal, thus neutralizing the negative effects of other lipids consumed. In addition, Crab is one of the most significant protein sources available in the diet. It contains roughly the same amount of protein per 100 grams as meat, but no saturated fat, which is associated with an increased risk of cardiovascular disease. Since Crab lacks connective tissue, their protein is highly qualified and readily digestible by individuals of all ages. Thus, driving the crab market revenue.

Crab Market Segment Insights

Crab Type Insights

Based on type, the Crab Market segmentation includes blue crab, chinese mitten, gazami crab, and other crab types. The blue crab segment dominated the market, accounting for 30-35% of market revenue. The blue crab is among the finest and most delectable of the renowned crabs on the platter. The crabs range in size from 3 to 5.5 inches, and their cooked flesh is a vibrant shade of scarlet. They have a sweet and salty taste and are the finest treat for the taste buds of seafood lovers.

Figure 1: Crab Market, by Type, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Crab Form Insights

Based on form, the Crab Market segmentation includes store-based and frozen, canned, and other forms. The frozen category generated the most revenue. Crabs are one of the most frequently captured and most popular marine organisms.  Whole cooked crab can be preserved for nine to twelve months. Its consumption is anticipated to increase due to these factors and a growing awareness of crab meat's health benefits.

Crab Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America is the largest region in the Crab Market, as it is one of the largest contributors to its total share. According to a report by the National Oceanic and Atmospheric Administration (NOAA), the proportion of seafood in the American diet has increased in recent years due to increased seafood landings and rising demand for imported crustaceans and other seafood from health-conscious consumers.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CRAB MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe Crab market held the second-largest market share in the Crab market.  In Europe, demand for crabs from the culinary service sector is anticipated to increase at a steady rate over the forecast period. In addition, many food service chains offer crabmeat and Crab rolls at reasonable prices to satisfy the rising demand. Further, the German Crab market held the largest market share, and the UK Crab market was the fastest-growing market in the European region

The Asia Pacific Crab Market is anticipated to expand rapidly during the forecast period. Population growth, increased demand for seafood, a rise in disposable income, and a lifestyle shift will fuel the regional market. This preference for high-quality marine products is anticipated to contribute further to the expansion of the regional market. China, South Korea, and Japan are the region's largest importers. China, Bangladesh, and Australia are the top exporters of crustaceans in the APAC region. Moreover, China’s Crab market held the largest market share, and the Indian Crab market was the fastest-growing market in the Asia-Pacific region.

Crab Key Market Players & Competitive Insights

Leading market players implement various strategies, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches. To expand and survive in a more competitive and rising market climate, the Crab industry must lower the cost of crabs to vendors.

The crab market is extremely fragmented, with international and regional players intensifying competition for a larger market share and consumer base. Vendors in the global Crab industry are trying to export their products to other regions. Major players in the Crab market, including General Mills Inc., Amway, Conagra Brands Inc., Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., and others, are attempting to increase market demand by investing in research and development operations.

Bumble Bee Foods, LLC is a company that manufactures tuna, salmon, and other seafood in cans, as well as chicken, under the brand names Bumble Bee, Wild Selections, Beach Cliff, Brunswick, and Snows. In Canada, the brand is known as Clover Leaf.

The mission of Maine Lobster Now is to provide access to fresh seafood throughout the United States. They are committed to establishing long-lasting relationships with local fishermen to support the local economy and continue offering the highest quality products. Julian Klenda founded Maine Lobster Now in 2012. According to Google's 2018 Economic Impact Report, Maine Lobster Now is the leading online enterprise in Maine.

Key Companies in the Crab market include

• 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.

Crab Industry Developments

January 2022 Handy Seafood, the oldest seafood processor in North America, formed a partnership with Old Bay seasoning to launch seafood products, concentrating primarily on crab cakes made with fresh crabs and wild-caught blue swimming crab.

October 2021 Pescafresh, India's first direct-to-consumer (D2C) seafood and meat brand, has launched a new processing facility and distribution center in Mumbai for its seafood,  eggs, meats, Ready to Cook (RTC), and Ready to Eat (RTE) processing operations. This Central Areal Processing and Distribution Centre (CAD) in Lower Parel has discrete processing areas for seafood, poultry, lamb, RTC, and RTE, with industry-leading humidity and temperature controls. It also includes a kitchen, dry storage, freezers, an office mezzanine, coolers, and loading platforms.

Crab Market Segmentation

Crab Type Outlook

• Blue Crab


• Chinese Mitten


• Gazami Crab


• Other Crab Types

Crab Form Outlook

• Frozen


• Canned


• Other Forms

Crab Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America