The global Crab Meat Market is expected to reach a market valuation of USD 879.2 million by 2023. Sales are expected to register a CAGR of 4.7% and expected to reach a valuation of USD 1,516.1 by 2033.
The global demand for crab meat is expected to remain high due to increasing seafood consumption, growing awareness of the nutritional benefits of crab meat, and its versatile culinary applications. Consumers are seeking healthy protein options and are drawn to the lean protein content and low-fat levels of crab meat compared to other meats.
The popularity of premium and specialty crab meat varieties, along with a focus on sustainable sourcing practices, is rising. It has further contributed to the growth in demand for this sought-after seafood product worldwide.
The global crab meat market has been experiencing steady growth due to the increasing popularity of seafood consumption, along with the rising popularity of crab meat. It has contributed to the market's expansion during the forecast period.
Crab meat is known for its high protein content and low-fat levels compared to other meats. Crab meat is a low-fat, healthy source of protein that gives energy and increases metabolism. In fact, crab meat contains the same amount of protein per 100 grams as other meats, but without all the saturated fat.
As consumers increasingly prioritize healthy dietary choices, crab meat has gained traction as a nutritious option. Consumers are willing to pay more for high-quality crab meat varieties, such as claw or lump meat, due to their superior taste and texture. Regional varieties also have niche markets that cater to specific culinary preferences.
Ready-to-use value-added crab meat products save time and effort for consumers, increasing demand. Versatility of value-added crab meat encourages consumers to experiment with new recipes. Value-added products often have longer shelf lives, reducing wastage and boosting Nutritional information and health benefits attract health-conscious consumers.
Unique value-added products command higher prices, driving market revenue. Sustainable packaging appeals to environmentally conscious consumers. Widely available value-added crab meat products lead to increased consumption. Value-added products are popular among restaurants and hotels, driving bulk purchases. Incorporation of crab meat in trending international dishes elevates demand.
| Attributes | Key Insights |
|---|---|
| Crab Meat Market Size (2023E) | USD 879.2 million |
| Projected Market Value (2033F) | USD 1,516.1 million |
| Value-based CAGR (2023 to 2033) | 4.7% |
| Top 3 Countries’ Market Share (2023) | 67% |
| Top 3 Countries’ Market Value (2023) | USD 597.0 million |
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Future Market Insight (FMI) research analysts find that the crab meat market recorded a CAGR of 7.1% in the historical period 2018 to 2022
The global market for crab meat is estimated to reach USD 879.2 million in 2023. It is expected to reach a revised size of USD 1,516.1 million by 2033. It is likely to record a CAGR of 4.7% during the forecast period. There's a rising global demand for crab meat due to its unique taste and nutritional benefits.
The global crab meat market is on rise due to several factors during the forecast period. Increasing awareness of its health benefits, culinary versatility, and rising demand for premium seafood options is anticipated to drive demand.
There has recently been an increasing demand for seafood, health-conscious eating habits, and a growing interest in sustainable sourcing. This has been coupled with innovative product developments and expanding global distribution channels. All of these factors are expected to contribute to the continued growth of the crab meat industry.
Seafood is widely known for its nutritional importance due to the fact that it contains essential nutrients such as vitamins, minerals, and omega-3 fatty acids. Consumers are increasingly aware of the health benefits offered by seafood and seek nutritional seafood in their diet. Crab meat offers the perfect option as nutritious seafood and an alternative to other meats that might be high in saturated fats or cholesterol.
Seafood consumption is often associated with luxury or special occasions, creating a perception of indulgence among consumers. Ethical considerations regarding sustainable fishing practices and responsible sourcing have influenced consumer choices towards eco-conscious seafood options. These combined factors drive the overall increase in demand for seafood products globally, including crab meat.
Health and Nutrition:
Crab meat is known for having an abundance of protein and a low fat content, making it a popular choice among consumers who prioritize health
Processed Products:
Innovative crab meat products, such as crab desserts, crab sticks, and prepared for consumption crab meat, are gaining traction and driving market expansion.
Flavor and Culinary Exploration:
Chefs and consumers are exploring diverse crab species and culinary preparations, driving demand for unique flavors and experiences.
Quality and Traceability:
Consumers are demanding more information about the source, quality, and safety of crab meat, leading to advancements in traceability systems.
Premiumization:
Premium crab varieties and products are gaining traction, catering to higher-income consumers seeking elevated dining experiences.
Regulatory Changes:
Evolving regulations regarding crab fishing quotas and sustainability practices impact the market's supply and pricing dynamics.
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 4.1% |
| BPS Analysis | -230 |
| Market Value (2033) | USD 580.7 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 4.3% |
| BPS Analysis | -130 |
| Market Value (2033) | USD 98.5 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 4.8% |
| BPS Analysis | 20 |
| Market Value (2033) | USD 87.9 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 5.6% |
| BPS Analysis | 50 |
| Market Value (2033) | USD 91.0 million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 5.9% |
| BPS Analysis | 100 |
| Market Value (2033) | USD 98.5 million |
The United States market for crab meat is set to register a sum of USD 580.7 million by 2033. Sales are poised to accelerate at 4.1% CAGR over the projection period 2023 and 2033.
The demand for crab meat is growing steadily in the United States as consumers growing emphasis on a health-conscious diet. It will lead to growing interest in lean protein options such as crab meat due to its low-fat content and nutritional benefit. The distinct sweet flavor and sensitive texture of crab meat make it a widely desired ingredient in different cuisines.
Crab meat is a distinctive and tasty addition to American cuisine, appearing in almost every traditional favorite. It includes Maryland-style crab cakes to regional specialties such as Louisiana-style gumbo. Demand for crab meat is greatly influenced by the fact that American cuisine is ethnic.
Several dishes using fresh or processed crab meat can be found in coastal regions, which have their own distinctive culinary traditions that use seafood as a main ingredient. These regional specialties are increasing in popularity throughout several states. It has resulted in an increase in consumption of crab meat in the United States during the forecast period.
Europe crab meat market is set to be dominated by the United Kingdom and reach at USD 98.5 million by 2033. The United Kingdom crab meat industry is likely to surge at 4.3% CAGR over the projection period 2023 to 2033.
Europe has a rich culinary heritage and diverse food cultures play a significant role in driving the demand for crab meat in the region. Countries such as Germany, France, Spain, Italy, and the United Kingdom have high consumption in the region. Coastal countries such as Sweden, Norway, and Denmark have a deep-rooted tradition of incorporating fresh crabs into local cuisine.
The Nordic countries are especially known for their popularity of seafood, including various kinds of crabs. This appreciation of culture means that there is a high demand in these areas which in turn drive demand for crab meat.
As per Eurogroup for Animals, in 2017, the EU's individual consumption of seafood and fish was predicted to be 24.35 kg.
The growing focus on sustainable sourcing practices is another key driver in Europe. This is coupled with increasing awareness about overfishing and environmental concerns. European consumers place great importance on responsible fishing methods and certifications such as the Marine Stewardship Council (MSC) or Friend of the Sea. This emphasis on sustainability influences purchasing decisions and drives demand for ethically sourced crab meat products.
Europe's vibrant tourism sector plays a role in boosting the demand for crab meat. As tourists visit coastal destinations across Southern Europe during summer months, the consumption of locally caught seafood such as crabs experiences a seasonal surge.
Key manufacturers are focusing on sustainable sourcing practices, such as responsible fishing and aquaculture. To ensure a steady supply of crab meat while preserving marine ecosystems.
Manufacturers are expanding their product offerings by introducing various crab meat products. It includes canned crab meat, frozen crab meat, and crab meat-based ready-to-eat meals, catering to different consumer preferences. They are also introducing value-added products such as pre-seasoned or pre-cooked crab meat can attract consumers seeking convenient meal options.
Recent developments:
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data | 2018 to 2022 |
| Estimated Market Size (2023) | USD 879.2 million |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Product Type, Form, Sales Channel, Region |
| Key Companies Profiled | Phillips Foods Inc.; Blue Star Foods Corp.; Handy International Incorporated; Red Chamber Co., Ltd.; Trans-Ocean Products Inc.; Crown Prince, Inc.; Chicken of the Sea International; East Coast Seafood Group; Thai Union Group PCL; Nissui Group |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 879.2 million in 2023.
The leading companies in the market are Kelco, Trident Seafoods, and Thai Union Frozen Products.
The foodservice industry is the primary consumer of the crab meat market.
The market is estimated to reach USD 1,516.1 million by 2033.
The market trend for crab meat is expected to register a CAGR of 4.7% by 2033.
| Estimated Market Value (2024E) | USD 1,10,237.5 million |
|---|---|
| Projected Market Value (2034F) | USD 1,49,594.6 million |
| Value-based CAGR (2024 to 2034) | 3.1% |
| Market Value (2024E) | USD 21,995.1 million |
|---|---|
| Projected Market Size (2034F) | USD 42,657.6 million |
| Value-based CAGR (2024 to 2034) | 6.8% |
| Market Size Value in 2023 | USD 116,480 million |
|---|---|
| Market Forecast Value in 2033 | USD 163,530 million |
| Growth Rate (2023 to 2033) | 3.5% CAGR |
| Market Size (2023) | USD 33.6 billion |
|---|---|
| Market Size (2033) | USD 48.2 billion |
| Market CAGR (2023 to 2033) | 3.7% |
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