Market Size of Crab Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 11.85 Billion |
| Market Size (2029) | USD 15.66 Billion |
| CAGR (2024 - 2029) | 5.72 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Crab Market Analysis
The Crab Market size is estimated at USD 11.85 billion in 2024, and is expected to reach USD 15.66 billion by 2029, growing at a CAGR of 5.72% during the forecast period (2024-2029).
The growing awareness of the nutritional benefits of crab, per capita seafood consumption, rising incomes, and increased urbanization underpinning seafood consumption, along with the inelastic nature of demand relative to prices, are expected to drive the overall demand for crabs. Crab meat contains significant protein, vitamin, and mineral content. It also has anti-inflammatory properties to reduce blood pressure and enhance both bone and mental health. Such factors and the growing awareness about the health benefits of crab meat are expected to encourage its consumption in the coming years.
Mud crabs are known for their high flesh content and rapid growth rate in captivity. A fully grown mud crab weighs about 1,200 grams. Live mud crabs are in demand in the global market. The prices vary depending on the size (500 grams, 1000 grams, and above 1000 grams).
The food service industry is the major end user of crabs. The rise of the food service industry directly affects the global crab market. The food service industry across the world is multiplying because of new technology and innovations, as well as customizations in menus. Additionally, the inclination toward healthy and nutritious foods and increasing demand for the gluten-free diet are expected to support the market growth.
