Global Crab Market Size
The global crab market was valued at US$10.74 billion in 2023 and is projected to reach US$17.96 by 2032, at a CAGR of 5.88% from 2024 to 2032. The high demand for crab meat, which is used in various cuisines around the world, innovation in crab farming, and sustainable fisheries also boost the growth of this market.
World Crab Outlooks
Crabs are a type of crustacean characterized by their hard shell, pincers, and segmented body. They are a popular seafood item enjoyed for their sweet, delicate meat. Crabs are found in various marine environments, from coastal regions to deep oceans, and include numerous species, such as blue crabs, snow crabs, and king crabs.
Request a free sample copy of the report: https://www.renub.com/global-crab-market-p.php
Crab consumption is widespread worldwide, with its popularity spanning multiple cuisines and cultures. In Asia, crabs are integral to many dishes, such as dim sum in China and crab curries in India and Thailand. In North America, blue crabs are particularly favored in regions like Maryland, where they are featured in iconic dishes such as crab cakes. Crabs are also enjoyed in Europe, with the Mediterranean regions often using them in pasta and seafood stews. Its taste and nutritional value drive the global demand for crab and versatility, leading to substantial commercial fishing and aquaculture operations to meet consumer needs.
Growth Drivers of the Crab Market
Rising Consumer Demand
Increasing consumer demand for seafood, including crab, is a significant growth driver in the market. Crabs are prized for their delicate flavor and high nutritional value, including protein, vitamins, and minerals. As global awareness of healthy eating rises, consumers seek nutrient-rich seafood options. This trend is evident in developed and emerging markets, where seafood consumption grows. Additionally, crab's popularity in diverse cuisines, from Asian delicacies to Western seafood dishes, fuels demand and drives market growth.
Expanding Aquaculture Practices
The growth of aquaculture practices significantly supports the crab market. Aquaculture enables the controlled farming of crabs, which helps meet rising demand and alleviate pressure on wild crab populations. Advances in aquaculture technology, such as improved breeding techniques and sustainable farming practices, enhance production efficiency and ensure a steady supply of crabs. This expansion in aquaculture supports market growth by increasing availability and stabilizing prices, making crabs more accessible to consumers worldwide.
Globalization of Cuisine
The globalization of cuisine is a crucial driver of the crab market. As culinary trends and international food experiences become more prevalent, the demand for diverse seafood options, including crab, grows. Exposure to different cuisines through travel, media, and food culture has popularized crab dishes globally. Restaurants and food service establishments are incorporating crabs into their menus, attracting consumers eager to try new flavors. This increased global interest in crab contributes to market expansion and drives consumer demand.
Japan Crab Market
Japan's crab production market is a significant component of the country's seafood industry, driven by domestic consumption and export opportunities. With its rich maritime resources, Japan has a long tradition of crab fishing, focusing on species such as the snow crab, king crab, and blue crab. The country's crab industry is renowned for its high-quality products, which are highly valued in local and international markets.
The market benefits from Japan's advanced fishing technology and meticulous handling practices, which ensure the freshness and quality of crabs. Developing sustainable fishing practices and aquaculture has also become a priority, addressing concerns over overfishing and environmental impact. Additionally, Japan's culinary culture, which places high importance on fresh seafood, drives substantial domestic demand for crabs featured in various traditional dishes and modern cuisine.
Export markets, particularly in Asia and North America, further support Japan's crab production. The combination of technological advancements, sustainable practices, and strong domestic and international demand contributes to the ongoing growth and development of the Japanese crab production market.
Global Crab Company Overview
Several major companies are involved in the supply and trade of crabs. These companies 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, and Handy Seafood.
Global Crab Company News
May 2023: Handy Seafood has started this year's local soft crab campaign in Crisfield, Maryland.
October 2022: Pescafresh, an Indian seafood supplier that provides mud crabs, has launched a new processing and distribution center in Mumbai.
January 2022: A new crabbing vessel for the Russian Crab Group was recently launched at the Onega shipbuilding plant in Petrozadovsk. This vessel is the first of a series that is currently under construction.
January 2022: Handy Seafood partnered with Old Bay seasoning to launch a line of seafood products, focusing mainly on crab cakes made from wild-caught blue swimming crab sourced from fresh crabs.
Browse Related Reports:
Global Octopus Market: https://www.renub.com/global-octopus-market-p.php
Global Squid Market: https://www.renub.com/global-squid-market-p.php
Global Lobster Market: https://www.renub.com/global-lobster-market-p.php
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
By Country: Market is divided into 3 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 4 Viewpoints:
- Key Person
- Company overview
- Sales Analysis
- Product Portfolio
- Recent Development Strategies
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
About the Company:
Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: info@renub.com
LinkedIn: https://linkedin.com/company/renub-research
Website: www.renub.com