Latin America & Caribbean Automotive Tire Market Global Forecast Report by Vehicle Types (Passenger Vehicle, Commercial Vehicle, Electric Vehicle) Rim Size (Less Than 15 Inches, 15 To 20 Inch, More Than 20 Inches) Sales Channels (Oem (Original Equipment M

Latin America & Caribbean Automotive Tire Market Global Forecast Report by Vehicle Types (Passenger Vehicle, Commercial Vehicle, Electric Vehicle) Rim Size (Less Than 15 Inches, 15 To 20 Inch, More Than 20 Inches) Sales Channels (Oem (Original Equipment Manufacturer), Aftermarket) Countries and Company Analysis, 2024-2032

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 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 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.

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 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.

Type: Market is divided into 4 viewpoints

1. Blue Crab
2. Chinese Mitten
3. Gazami Crab
4. Other Crab Types

Form: Market is divided into 3 viewpoints

1. Frozen
2. Canned
3. Other Forms

Country: Market is divided into 24 viewpoints

North America

1. United States
2. 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 & Strategies
• Product Portfolio
• Sales Analysis

Company Analysis

1. Bumble Bee Foods LLC
2. Supreme Crab & Seafood Inc.
3. Maine Lobster Now
4. Millennium Ocean Star Corporation
5. Phil-Union Frozen Foods Inc.
6. JM Clayton Seafood Company
7. RGE Agridev Corporation
8. Siam Canadian Group Limited
9. Handy Seafood