About Crab-
Crabs are fascinating creatures with a hard shell, ten legs (including two claws), and a sideways walking style. They come in a variety of sizes and colors and can live in saltwater, freshwater, and even on land. Crab meat is a popular seafood delicacy enjoyed in many cultures around the world. It can be cooked in a variety of ways, such as steamed, boiled, grilled, or fried. Crab contains stomach-filling protein, which is utilized to create and repair body tissue. Crab is high in EPA and DHA, two anti-inflammatory long-chain omega-3 fatty acids. Crab can help to decrease blood pressure, prevent heart disease, boost cognitive function, and treat illnesses like psoriasis and ulcerative colitis. Minerals included in Crab, including copper, zinc, and selenium, help boost the immune system.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. There are various growth opportunities in this market which are captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Crab- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ocean Choice International (Canada), McAllen International (United States), Bumble Bee Seafoods (United States), Chicken of the Sea (Thailand), Maruha Nichiro Holdings (Japan), Ocean Beauty Seafoods (United States), Matiz (South Korea), Peak Fresh (United States), Alaska Seafood (United States) and SeaPak (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Dongwon Industries (South Korea), Nichirei Corporation (Japan), Cooke Aquaculture Inc. (Canada), Gloucester Fisheries (United States) and Thai Union Group (Thailand).
Segmentation Overview
AMA Research has segmented the market of Global Crab- market by Type (Blue Crab, Snow Crab, Dungeness Crab, King Crab and Others) and Region.
On the basis of geography, the market of Crab- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Crab- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Live Crab will boost the Crab- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Small will boost the Crab- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Foodservice will boost the Crab- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Blue Crab Due to Presence of High Nutrients and Increasing Popularity of Online Platform Among Consumers due to its Convenience
Market Growth Drivers:
Increasing Awareness About the Health Benefits of Crabs, Changing Lifestyle Standard Fueled By Rise in Disposable Income and Increasing Adoption of Frozen and Canned Crab
Challenges:
Increasing Availability and Affordability of Alternative Seafood
Restraints:
Maintaining Freshness and Quality Throughout the Supply Chain can be Costly
Opportunities:
Exploring Untapped Markets with High Potential for Crab Consumption like Africa and Eastern Europe
Market Leaders and their expansionary development strategies
On September 20, 2023, Bumble Bee Seafoods announced plans to acquire fellow crab provider Ocean Beauty Seafoods. This move is expected to solidify Bumble Bee's position as a leading North American crab supplier.
On October 10, 2023, Chicken of the Sea launched a new line of plant-based crab cakes, catering to the growing demand for vegan and vegetarian seafood alternatives. The successful launch of these crab cakes will help Chicken of the Sea to maintain its position as a leader in this competitive market.
Key Target Audience
Government Bodies, Suppliers & Distributors, New Entrance, End User, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.