Global Crab Meat Market
The global crab meat market size is expected to be worth USD 920.52 Million in 2024 and USD 1,158.15 Million by 2029, growing at a CAGR of 4.70% from 2024 to 2029.
MARKET DRIVERS
The crab meat market is driven by rising consumer preference for meat consumption due to the presence of high protein value. Also, the growing global population is esteemed to raise the demand for various meat food products, which is deemed to promote the growth rate of the market. The popularity of crab meat is eventually growing due to its various health benefits, which are ascribed to bolster the growth rate of the market in the coming years.
MARKET RESTRAINTS
Crab meat cannot be available every time due to reproduction cycles and seasonal changes that may easily hamper the growth rate of the market. Stringent rules and regulations by the government over exports and imports will also inhibit the market’s growth rate in the coming years. Harvesting of the crabs should be performed under specific conditions where the climatic conditions may strictly impact the production rate in a negative way.
SEGMENT ANALYSIS
Global Crab meat market Analysis By Type
- Blue Crab
- Chinese Mitten Crab
- Gazami Crab
- Other
Blue crab has significantly led with the dominant share of the market for many years and is to continue with the same growth rate throughout the forecast period. Increasing prominence for ready-to-eat products and the launch of innovative packaging styles are making crab meat available in all seasons, which is a major aspect propelling the growth rate of the market during the forecast period.
Global Crab meat market Analysis By Form
- Frozen
- Canned
- Other
The frozen segment is likely to have the dominant share of the market, whereas the canned segment is expected to lead the fastest growth rate during the forecast period. Frozen crab meat has a longer shelf life and can be cooked in very little time, which is majorly preferred by the people who live in urban areas.
Global Crab meat market Analysis By Sales Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Retail
The supermarkets/hypermarkets segment is likely to have the highest CAGR by the end of 2029. Increasing awareness of the importance of crab meat, which is easily available in supermarkets/hypermarkets, is attributed to leveraging the growth opportunities for the market.
Online retail is merely to have prominent growth opportunities due to the rising number of applications that deliver ordered meat products to the doorstep.
REGIONAL ANALYSIS
North America is leading with the largest share of the crab meat market. The launch of innovative products using crab meat according to the consumer's preferences is certainly to boost the growth rate of the market. The preference for crab meat for salads and various other recipes that are good for health is attributed to escalating the growth rate of the market.
Asia Pacific crab meat market growth rate is likely to hit the highest CAGR by the end of 2029. China is a major contributor to the crab meat market share, as many people consume seafood in their daily routine. According to Sustainable Fisheries UW, 65 million tons of seafood is consumed per year in China, which accounts for leveling up the growth opportunities for the crab meat market.
Europe has witnessed in leading the highest growth rate in the past few years owing to the quick launch of culinary recipes using crab meat.
RELATED REPORTS
ABOUT US
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
CONTACT US
Market Data Forecast
https://www.marketdataforecast.com/
Phone: +1-888-702-9626
Email: sales@marketdataforecast.com
3rd Floor, Trendz Park Building, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana, India.
