The global crab meat market is worth USD 879.2 million as of now and is expected to reach USD 1,516.1 million by 2033 at a CAGR of 4.7% between 2023 and 2033.
The versatility of crab meat in culinary applications is a key driver of its market growth. Additionally, crab meat’s lower fat content compared to other meats contributes to its appeal. Specialty and premium crab meat varieties continue to drive strong sales, a trend expected to persist throughout the forecast period.
Ready-to-use crab meat products enhance the market by reducing preparation time. These value-added products often have longer shelf lives, which helps minimize waste and maximize health benefits.
Trending global dishes are increasingly featuring crab meat, attracting more customers. Lump crab meat is in high demand due to its succulent, white pieces, which are favored by both home cooks and professionals.
Frozen crab meat makes a significant impact by offering long-term storage while preserving freshness. It can be distributed to areas where fresh crab is not available. Quick-freezing techniques help maintain the natural flavors, nutrients, and textures of crab by forming ice crystals that keep the cells nearly intact.
Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Crab Meat market’. It has its team of analysts and consultants to look through an eagle’s eye view in its primary, secondary, and tertiary modes of research.
Key Takeaways from Crab Meat Market
North America holds the largest market share with the US witnessing a growing focus on diet being health-conscious. It is also leading in growing interest in crab meat (a lean protein option) owing to nutritional benefits like low-fat content. It has been reported that crab meat has a discrete, sweet flavor; thereby rendering it a broadly desired ingredient in diverse cuisines. The dishes including crab meat are Maryland-style crab cakes, regional specialties like Louisiana-style combo. It’s a known fact that American cuisine is ethnic. Addition of crab meat is, indeed, a cherry to the icing.
Europe holds the second-largest market share with the UK leading from the front. This could be credited to an ever-increasing demand for crab meat all across the region. Also, coastal regions like Norway, Sweden, Denmark, and likewise are known for incorporation of fresh crabs into local cuisine. Eurogroup for Animals states that consumption of fish and seafood is ~24.35 Kg. Besides, tourists do prefer coastal destinations all across Southern Europe when it’s summer herein.
Competitive Landscape
Key manufacturers are emphasizing sustainable sourcing practices, including responsible fishing and aquaculture, to ensure a consistent supply of crab meat while protecting marine ecosystems.
Additionally, manufacturers are broadening their product ranges with options such as canned, frozen, and ready-to-eat crab meat products to meet diverse consumer preferences. They are also launching value-added items like pre-seasoned or pre-cooked crab meat to attract consumers looking for convenient meal solutions.
Recent developments:
- In May 2023, Handy Seafood, an industry innovator, is pleased to announce the commencement of this year’s local soft crab campaign in Crisfield, Maryland.
- In September 2021, Shiok Meats recently debuted the world’s first lab-grown crab flesh during a tasting session at Kebaya, an unusual restaurant in Singapore’s Bukit Timah neighborhood.
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
Get in Touch for Expert Analysis: Connect with Our Specialist on Email: sales@futuremarketinsights.com
Crab Meat Market Outlook by Category
By Product Type:
- Lump Crab Meat
- Claw Crab Meat
- Backfin Crab Meat
By Form:
- Fresh Crab Meat
- Pasteurized/Canned Crab Meat
- Frozen Crab Meat
By Sales Channel:
- Foodservice (HoReCa)
- Retail
- Supermarkets
- Hypermarkets
- Convenience Stores
- Specialty Seafood Stores
- Online Retailers
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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