Technavio predicts a remarkable surge in the Crab market, with an impressive CAGR of 3.15% anticipated from 2022 to 2027. Clean labeling to emerge as a key trend

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Jun 13, 2023, 01:00 ET

NEW YORK, June 13, 2023 /PRNewswire/ --

Market Share Along with Major Challenges and Upcoming Trends

Technavio has announced its latest market research report titled Global Crab Market 2023-2027

A key driver for the crab market is the rising awareness about the nutritional benefits of crabs. Good amounts of proteins, minerals, and vitamins can be found in crab. It contains significant amounts of the omega-3 fatty acids docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA) and is low in saturated fats. Additionally, the crab has anti-inflammatory qualities that may be helpful for arthritis sufferers. The crab market is set to progress at an impressive CAGR of 3.15% during 2022 and 2027.

In addition to knowing about the market's growth potential, it's important to address the challenges faced in the Crab market that may impact its growth and hinder profitability in the long run. However, healthy growth is envisaged to continue as the market size is expected to grow by USD 2,880.54 million

Learn more about the Crab market. Stay informed and seize opportunities – Get our Industry report at your fingertips.

Here are some of the challenges faced in the Crab market:

Overfishing and decline in certain species of crabs: According to The Maryland Department of Natural Resources, the decline in blue crab populations is a result of the migration of predators from warmer to colder waters as a result of climate change. For instance, the population of adult female blue crabs (age 1+ year) decreased by 25%–27% between 2020 and 2021. Due to strict regulations to preserve the crab population, the harvest has also decreased.
Environmental concerns: Aquatic ecosystems are altered by aquaculture. To farmed species, vaccines and antibiotics are frequently given. These vaccines and antibiotics become a threat to various species (including crabs) when farm waste is dumped directly into the ocean because they occasionally produce deadly pollutants and spread diseases. Additionally, this causes widespread marine habitat pollution, which is bad for both the environment and people. The Ichiboshi crab processing facility in Caraquet, which exported frozen snow crabs to Japan, had its federal license revoked by the Canadian Food Inspection Agency (CFIA) in 2015 due to insufficient controls over food safety.
Stringent regulations: Vendors must abide by strict rules and regulations that have been imposed by various authorities. Permits, rules for new players entering the field, residual management concerns, and expiration dates for specific seafood products, including crab, are all covered by these regulations. These regulations on the type and classification of seafood, such as fresh, chilled, frozen, or canned, are heavily influenced by the US FDA. In accordance with their shelf life, products must be preserved and labeled according to FDA regulations. Strict adherence to the law can be difficult, especially for newcomers.

For longevity and success in the Crab market, Information about trends is essential.

Here are the highlights on the Trends to overcome challenges.

Clean labeling: The consumer's choice of product is significantly influenced by the country of origin. In terms of freshness, flavor, and food safety, for example, US consumers believe that foods packaged in the US and Canada are safer to eat than those from other regions. To inform consumers and help them make wiser purchasing decisions, the US implemented COOL on products.
Emergence of sustainable fishing practices: Fish or aquatic plants can be raised for food through aquaculture. Global demand for seafood, including crab, is rising due to growing awareness of the health benefits of seafood consumption. Crab production has increased due to a rise in consumer demand, which has led to an expansion of aquaculture. Major retailers are launching bycatch seafood lines under private labels in important nations like Norway and the UK as part of the sustainability push.
Growth in online retailing: E-commerce businesses have expanded globally as a result of the increasing use of the internet. For instance, US retail e-commerce sales increased in 2022 over 2021. Additionally, consumers around the world are becoming more and more interested in online shopping due to convenience, ease of product search, attractive deals, and customized offers. Vendors in the seafood sector now have new opportunities to boost sales, broaden their geographic reach, enhance customer relations, and boost profitability thanks to online retailing.

The report also provides the major insights on consumer base and new product launches that help vendors establish long-term relationships with end-users and consumers.

Unveil the untapped potential of such emerging challenges and trends Click & get Latest Sample Report!

Every Information on Vendor Analysis of Crab Market 2023-2027:

The full report consists detailed analysis of around Top 25 vendors operating in the Crab Market, including :

Admiralty Island Fisheries Inc.
Bumble Bee Foods LLC
Cooke Aquaculture Inc.
Global Seafood Chile SA
KEYPORT LLC
Maine Lobster Now LLC
Mazzetta Co. LLC
P and D Seafood Co.
Pacific Seafood Group
SEA DELIGHT LLC
Seaview Crab Co.
Sogelco International Inc.
Supreme Crab and Seafood Inc.
Thai Union Group PCL
The Crab Co. Ltd.

The report is backed with competitive intelligence and benchmarking, and are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Related Reports

Frozen Fish and Seafood Market : Between 2022 and 2027, the market for frozen fish and seafood is anticipated to expand at a CAGR of 7.26%. The market is expected to grow by USD 28.58 billion in size.

Crayfish Market : Between 2022 and 2027, the crayfish market is anticipated to expand at a CAGR of 6.48%. The market is expected to grow by USD 2,272.09 million in size.

Crab Market Scope
Report Coverage	Details
Page number	155
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 3.15%
Market growth 2023-2027	USD 2,880.54 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	3.05
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 79%
Key countries	China, India, Indonesia, Vietnam, and Thailand
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Admiralty Island Fisheries Inc., Bumble Bee Foods LLC, Cooke Aquaculture Inc., Global Seafood Chile SA, KEYPORT LLC, Maine Lobster Now LLC, Mazzetta Co. LLC, P and D Seafood Co., Pacific Cove Property Management Ltd., Pacific Seafood Group, SEA DELIGHT LLC, Seaview Crab Co., Sogelco International Inc., Supreme Crab and Seafood Inc., Thai Union Group PCL, The Crab Co. Ltd., The Crab Place, The J.M. Clayton Co., and Trident Seafoods Corp.
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Market Segmentation by Environment
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global Crab Market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global Crab Market 2017 - 2021 ($ million)

4.2 End-user Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.3 Environment Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Environment Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments

Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

6.2 Comparison by End-user

Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user

6.3 Foodservice - Market size and forecast 2022-2027

Exhibit 34: Chart on Foodservice - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Foodservice - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Foodservice - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Foodservice - Year-over-year growth 2022-2027 (%)

6.4 Retail - Market size and forecast 2022-2027

Exhibit 38: Chart on Retail - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Retail - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Retail - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by End-user

Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Environment

7.1 Market segments

Exhibit 43: Chart on Environment - Market share 2022-2027 (%)
Exhibit 44: Data Table on Environment - Market share 2022-2027 (%)

7.2 Comparison by Environment

Exhibit 45: Chart on Comparison by Environment
Exhibit 46: Data Table on Comparison by Environment

7.3 Aquaculture - Market size and forecast 2022-2027

Exhibit 47: Chart on Aquaculture - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Aquaculture - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Aquaculture - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Aquaculture - Year-over-year growth 2022-2027 (%)

7.4 Capture fisheries - Market size and forecast 2022-2027

Exhibit 51: Chart on Capture fisheries - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Capture fisheries - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Capture fisheries - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Capture fisheries - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Environment

Exhibit 55: Market opportunity by Environment ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027

Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027

Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027

Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 India - Market size and forecast 2022-2027

Exhibit 85: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on India - Year-over-year growth 2022-2027 (%)

9.10 Indonesia - Market size and forecast 2022-2027

Exhibit 89: Chart on Indonesia - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Indonesia - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Indonesia - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Indonesia - Year-over-year growth 2022-2027 (%)

9.11 Vietnam - Market size and forecast 2022-2027

Exhibit 93: Chart on Vietnam - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Vietnam - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Vietnam - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Vietnam - Year-over-year growth 2022-2027 (%)

9.12 Thailand - Market size and forecast 2022-2027

Exhibit 97: Chart on Thailand - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Thailand - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Thailand - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Thailand - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 102: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 104: Overview on factors of disruption

11.4 Industry risks

Exhibit 105: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 106: Vendors covered

12.2 Market positioning of vendors

Exhibit 107: Matrix on vendor position and classification

12.3 Admiralty Island Fisheries Inc.

Exhibit 108: Admiralty Island Fisheries Inc. - Overview
Exhibit 109: Admiralty Island Fisheries Inc. - Product / Service
Exhibit 110: Admiralty Island Fisheries Inc. - Key offerings

12.4 Bumble Bee Foods LLC

Exhibit 111: Bumble Bee Foods LLC - Overview
Exhibit 112: Bumble Bee Foods LLC - Product / Service
Exhibit 113: Bumble Bee Foods LLC - Key offerings

12.5 Cooke Aquaculture Inc.

Exhibit 114: Cooke Aquaculture Inc. - Overview
Exhibit 115: Cooke Aquaculture Inc. - Product / Service
Exhibit 116: Cooke Aquaculture Inc. - Key offerings

12.6 Global Seafood Chile SA

Exhibit 117: Global Seafood Chile SA - Overview
Exhibit 118: Global Seafood Chile SA - Product / Service
Exhibit 119: Global Seafood Chile SA - Key offerings

12.7 KEYPORT LLC

Exhibit 120: KEYPORT LLC - Overview
Exhibit 121: KEYPORT LLC - Product / Service
Exhibit 122: KEYPORT LLC - Key offerings

12.8 Maine Lobster Now LLC

Exhibit 123: Maine Lobster Now LLC - Overview
Exhibit 124: Maine Lobster Now LLC - Product / Service
Exhibit 125: Maine Lobster Now LLC - Key offerings

12.9 Mazzetta Co. LLC

Exhibit 126: Mazzetta Co. LLC - Overview
Exhibit 127: Mazzetta Co. LLC - Product / Service
Exhibit 128: Mazzetta Co. LLC - Key offerings

12.10 P and D Seafood Co.

Exhibit 129: P and D Seafood Co. - Overview
Exhibit 130: P and D Seafood Co. - Product / Service
Exhibit 131: P and D Seafood Co. - Key offerings

12.11 Pacific Cove Property Management Ltd.

Exhibit 132: Pacific Cove Property Management Ltd. - Overview
Exhibit 133: Pacific Cove Property Management Ltd. - Product / Service
Exhibit 134: Pacific Cove Property Management Ltd. - Key offerings

12.12 Pacific Seafood Group

Exhibit 135: Pacific Seafood Group - Overview
Exhibit 136: Pacific Seafood Group - Product / Service
Exhibit 137: Pacific Seafood Group - Key offerings

12.13 SEA DELIGHT LLC

Exhibit 138: SEA DELIGHT LLC - Overview
Exhibit 139: SEA DELIGHT LLC - Product / Service
Exhibit 140: SEA DELIGHT LLC - Key offerings

12.14 Seaview Crab Co.

Exhibit 141: Seaview Crab Co. - Overview
Exhibit 142: Seaview Crab Co. - Product / Service
Exhibit 143: Seaview Crab Co. - Key offerings

12.15 Sogelco International Inc.

Exhibit 144: Sogelco International Inc. - Overview
Exhibit 145: Sogelco International Inc. - Product / Service
Exhibit 146: Sogelco International Inc. - Key offerings

12.16 Supreme Crab and Seafood Inc.

Exhibit 147: Supreme Crab and Seafood Inc. - Overview
Exhibit 148: Supreme Crab and Seafood Inc. - Product / Service
Exhibit 149: Supreme Crab and Seafood Inc. - Key offerings

12.17 Thai Union Group PCL

Exhibit 150: Thai Union Group PCL - Overview
Exhibit 151: Thai Union Group PCL - Business segments
Exhibit 152: Thai Union Group PCL - Key news
Exhibit 153: Thai Union Group PCL - Key offerings
Exhibit 154: Thai Union Group PCL - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 155: Inclusions checklist
Exhibit 156: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 157: Currency conversion rates for US$

13.4 Research methodology

Exhibit 158: Research methodology
Exhibit 159: Validation techniques employed for market sizing
Exhibit 160: Information sources

13.5 List of abbreviations

Exhibit 161: List of abbreviations

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