LONDON--(BUSINESS WIRE)--The global crab market is poised to grow by USD 4.7 billion during 2019-2023, progressing at a CAGR of close to 5% during the forecast period. Request Free Sample Pages
Read the 105-page research report with TOC on "Crab Market Analysis Report by End-User (Foodservice and Retail), by Geography (North America, APAC, Europe, South America, and MEA), and Segment Forecasts, 2019 - 2023"
The market is driven by the increasing demand for crabs from the foodservice industry. In addition, the rise of online sector is anticipated to further boost the growth of the crab market.
The increasing demand for crabs from the foodservice industry will be one of the major drivers in the global crab market. Foodservice industry is growing rapidly due to factors such as innovation and customization in menus, increasing demand for healthy and nutritious meals, and the rising need for gluten-free food. Moreover, with changing taste preferences, consumers are willing to explore new and customized foods, which will further propel the growth of the food service sector. Since the foodservice industry is the major end-user of crabs, the rise of the foodservice sector will directly propel the growth of the crab market during the forecast period.
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Major Five Crab Market Companies:
Bonamar
Bonamar operates the business under the seafood segment. It is an importer, exporter, and distributor of premium crabmeat and various other seafood products. The company offers Blue Swimming Crab, Red Swimming Crab, and Fresh Blue Crab.
Bumble Bee Foods, LLC
Bumble Bee Foods, LLC operates the business under the seafood and chicken segment. The company offers BUMBLE BEE White Crabmeat, BUMBLE BEE Lump Crabmeat, and BUMBLE BEE Pink Crabmeat.
J.M. Clayton Seafood Company
J.M. Clayton Seafood Company has business operations under the seafood segment. It produces crabmeat from Chesapeake Bay Blue Crab. The meat is prepared naturally without chemicals, additives, or preservatives. The company also offers Epicure Crabmeat.
Maine Lobster Now
Maine Lobster Now operates the business under the seafood segment. The company offers ALASKAN RED KING CRAB LEGS, JONAH CRAB CLAWS, JUMBO JONAH CRAB COCKTAIL CLAWS, ROCK CRAB MEAT, and others.
Thai Union Group PCL
Thai Union Group PCL operates the business under the following segments: Ambient seafood; Frozen and chilled seafood and related business; and Pet food, value-added and other business. The company offers White Crab, Fancy Crab, Lump Crab, and Jumbo Lump Crab under its brand CHICKEN OF THE SEA.
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Crab End-User Outlook (Revenue, USD Million, 2019 - 2023)
- Foodservice
- Retail
Crab Regional Outlook (Revenue, USD Million, 2019 - 2023)
- APAC
- Europe
- MEA
- North America
- South America
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2019-12-09 12:30:00Z
https://www.businesswire.com/news/home/20191209005376/en/Global-Crab-Market-2019-2023-Evolving-Opportunities-Bonamar
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