Crab Market worth $16.23 billion by 2030, growing at a CAGR of 6.35% - Exclusive Report by 360iResearch

The "Crab Market by Type (Estuarine Crabs, Freshwater Crabs, Marine Crabs), Form (Fresh, Frozen), Distribution Channel, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Crab Market to grow from USD 10.54 billion in 2023 to USD 16.23 billion by 2030, at a CAGR of 6.35%.

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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.

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 Segmentation & Coverage:

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

Based on Type, market is studied across Estuarine Crabs, Freshwater Crabs, and Marine Crabs. The Freshwater Crabs is projected to witness significant market share during forecast period.

Based on Form, market is studied across Fresh and Frozen. The Fresh is projected to witness significant market share during forecast period.

Based on Distribution Channel, market is studied across Offline and Online. The Offline is further studied across Convenience Stores, Fish Mongers, and Hypermarkets & Supermarkets. The Offline is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Food Processing, Food Service Provider, and Household. The Household is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 41.25% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Crab Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Crab Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

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.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Crab Market, by Type
7. Crab Market, by Form
8. Crab Market, by Distribution Channel
9. Crab Market, by End-User
10. Americas Crab Market
11. Asia-Pacific Crab Market
12. Europe, Middle East & Africa Crab Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Crab Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Crab Market?
3. What is the competitive strategic window for opportunities in the Crab Market?
4. What are the technology trends and regulatory frameworks in the Crab Market?
5. What is the market share of the leading vendors in the Crab Market?
6. What modes and strategic moves are considered suitable for entering the Crab Market?

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