Crab Market by Type (Estuarine Crabs, Freshwater Crabs, Marine Crabs), Form (Fresh, Frozen), Distribution Channel, End-User - Global Forecast 2024-2030

Crab Market by Type (Estuarine Crabs, Freshwater Crabs, Marine Crabs), Form (Fresh, Frozen), Distribution Channel, End-User - Global Forecast 2024-2030

The Crab Market size was estimated at USD 10.54 billion in 2023 and expected to reach USD 11.20 billion in 2024, at a CAGR 6.35% to reach USD 16.23 billion by 2030.

A crab is a type of aquatic arthropod that belongs to the infraorder Brachyura, characterized by a very short projecting abdomen, usually hidden entirely under the thorax. Crabs are distinguished by their paired claws, also known as chelae, and a wide, flat exoskeleton. These creatures are predominantly found in all of the world's oceans, in freshwater, and on land, particularly in tropical regions. The growth of the crab market is propelled by increasing consumer demand driven by a growing awareness of the health advantages associated with seafood consumption, rising disposable incomes, and the global expansion of food service industries. However, environmental concerns, such as overfishing and habitat destruction, threaten the long-term sustainability of crab populations. Climate change also poses unforeseen challenges, potentially disrupting traditional fishing areas and seasons. Nevertheless, advances in aquaculture technology have made crab farming more feasible and environmentally sustainable, potentially supplementing wild catches. The expanding global trade infrastructure offers new markets for crab products while innovative culinary trends continue to stimulate demand.

Regional Insights

Crab fishing is a significant industry focusing on species, including the King Crab and Snow Crab in the Americas, particularly in regions such as Alaska and Canada. Production practices are highly regulated to ensure sustainability, with strict quotas and seasonal restrictions. Government initiatives often involve conservation and research to support the industry's longevity. Companies are typically larger, vertically integrated entities that handle everything from catching to processing and distribution. In contrast, the APAC region, led by countries such as China and the Philippines, shows a higher diversity in crab species utilized, with a notable emphasis on aquaculture for species including the Mud Crab. Governments in this region actively promote aquaculture through incentives and infrastructure support, aiming to increase production and export. The industry comprises a mix of large-scale operations and small, family-run farms, contributing to a more fragmented market. Meanwhile, the EMEA region presents a less intensive crab market, focusing on local consumption and selective export. European countries, including the UK and Norway, manage crab populations, aiming toward sustainability enforcing quotas and size limits. Governmental support in EMEA often comes from research funding and promoting sustainable fishing practices. The company landscape in EMEA is diverse, ranging from small-scale artisanal operators to larger entities focusing on niche markets.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Crab Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing awareness about the health benefits associated with crab consumption
Expanding global trade infrastructure and accelerated adoption of online platforms across economies
Rising collaboration between local governments and international bodies

Market Restraints

Threat to the long-term sustainability of crab populations due to overfishing and habitat destruction

Market Opportunities

Investments and advancements in aquaculture technology and sustainable fishing practices
Expanding innovations in crab-based food products to cater to various dietary preferences

Market Challenges

Regulatory compliance regarding fishing rights and sustainability standards

Market Segmentation Analysis

Type: Burgeoning usage of estuarine crabs adaptable to varying salinity levels
End-User: Evolving utilization of crabs by food service provider

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Crab Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Crab Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Captain Fresh Grows International Footprint With Acquisition of Censea

Captain Fresh, a pioneering online seafood marketplace based in Karnataka, India, strategically entered the U.S. frozen seafood sector by acquiring CenSea, a shrimp importer headquartered in Northbrook, Illinois. Both companies heralded this acquisition as a significant milestone, aiming to leverage their collective expertise, market presence, and international scope to enhance customer experience substantially. This strategic acquisition marks Captain Fresh's ambitious move to scale its operations globally, particularly through expansions in Southeast Asia and beyond, fostering growth opportunities for its global supply partners and setting new benchmarks in the seafood market.

Blue Swimming Crab Agreement Signed with Private Sector Entities

The Tambuyog Development Center, instrumental in unifying small-scale fishers on Bantayan Island, formed a recent collaboration with private sector entities, aiming to facilitate Fisheries Improvement Projects. This partnership is dedicated to formulating and enforcing a local ordinance alongside a comprehensive BSC management plan, ensuring the long-term sustainability of this crucial marine resource.

Blue Star to Expand Crab RAS Operations in South Carolina

Blue Star Foods Corp., a Miami-based seafood producer, announced plans to amplify its crab recirculating aquaculture systems (RAS) presence in South Carolina, courtesy of collaborating with the South Carolina Department of Commerce. The company plans to erect a facility spanning 100,000 square feet with an investment of approximately USD 11.41 million in real property. This strategic expansion leverages a unique Special Purpose Vehicle (SPV) financing arrangement, complemented by USD 3 million in incentives, paving the way for more accessible, less dilutive capital for the project.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Crab Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Crab Market, highlighting leading vendors and their innovative profiles. These include Aqua Star Corp., Bumble Bee Foods, LLC, Clearwater Seafoods Incorporated, High Liner Foods Incorporated, JM Clayton Seafood Company, KEYPORT LLC, Maine Lobster Now LLC, Maruha Nichiro Corporation, Mazzetta Company, LLC, Millennium Ocean Star Corporation, Ocean Choice International L.P., Ocean More Foods Co., Limited, Pacific Cove, Pacific Seafood Group, Phil-Union Frozen Foods Inc., Phillips Foods, Inc., PT. Crab Processor Indonesia, SEA DELIGHT LLC, Seaview Crab Co., Shanghai Fisheries General Corporation, Sogelco International Inc., Stavis Seafoods, Supreme Crab and Seafood Inc., Thai Union Group PLC, Trident Seafoods Corporation, and Young’s Seafood Limited.

Market Segmentation & Coverage

This research report categorizes the Crab Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Estuarine Crabs
Freshwater Crabs
Marine Crabs
Form
Fresh
Frozen
Distribution Channel
Offline
Convenience Stores
Fish Mongers
Hypermarkets & Supermarkets
Online
End-User
Food Processing
Food Service Provider
Household
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year