LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Research?src=hash” target=”_blank”gt;#Researchlt;/agt;–The global crab market is expected to post a CAGR of close to 5% during
the period 2019-2023, according to the latest market research report by Technavio.
The foodservice industry is growing at a rapid pace across the world due
to factors such as innovation and customization in menus, rising demand
for gluten-free food, increasing demand for nutritious meals, aggressive
marketing campaigns, and the emergence of numerous foodservice outlets.
As the foodservice industry is the major end-user of crabs, the growth
in the foodservice sector will directly propel the growth of the crab
market during the forecast period.
As per Technavio, the growth in online market will have a positive
impact on the market and contribute to its growth significantly over the
forecast period. This global
crab market 2019-2023 research
report also analyzes other important trends and market drivers that will
affect market growth over 2019-2023.
Global crab market: Growth
in online market
The e-commerce market has brought about a revolution in almost every
industry vertical, and the crab market is no exception. The sales of
fish and seafood products such as crabmeat are increasing significantly
through online and e-commerce channels. These platforms support both
business-to-business (B2B) and business-to-consumer (B2C) operations.
For instance, Ocean Executive is a B2B marketplace that connects seafood
companies across the supply chain, from fishermen, processors, and
wholesalers to grocery stores and large restaurant chains. At the B2C
level, vendors in the market offer products on their websites or through
established e-commerce sites like Amazon. With customers increasingly
adopting online shopping due to convenience and flexibility, vendors in
the crab market have immense opportunities to target Internet-savvy
customers and venture into the growing online retail format.
“Crab offers a myriad of health benefits, as it contains substantial
amounts of minerals, proteins, and vitamins. It is low in saturated fats
and is a significant source of docosahexaenoic acid, omega-3 fatty
acids, and eicosapentaenoic acid. Crab also has anti-inflammatory
properties, which can be beneficial for people with arthritis. Moreover,
consumers are becoming more aware of these health benefits of crab,
which will propel the demand for crab during the forecast period,” says
a senior research analyst at Technavio.
Global crab market: Segmentation analysis
This market research report segments the global crab market by end-user
(foodservice and retail) and geographic regions (North America, APAC,
Europe, South America, and MEA).
The foodservice segment held the largest crab market share in 2018. Crab
dishes are gaining immense popularity in many fast-casual and
quick-service restaurants around the world. The growth of this segment
is mainly driven by the expansion of fast-casual seafood restaurant
The North America region led the market in 2018, followed by APAC,
Europe, South America, and MEA respectively. The market growth in North
America can be attributed to the increasing number of seafood
foodservice chains in the US, and Canada.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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