Understanding the Crabmeat Market & Consumer
Perhaps the most interesting thing about the seafood trend is the diversity of pasteurized crabmeat in our market. So, let’s just start talking about crabmeat out of our seas and frontiers. The world of crabmeat has become so complicated — and so international, with producers in Venezuela, China, the Philippines and Indonesia — that it’s nearly impossible to know which country’s product (or even what species) has been used in your “Maryland crab cake,” that iconic sandwich of the Chesapeake region.
But to further understand the importance and scope of crab in the seafood industry and the impact on the behavior of the final consumer, let's look at some numbers.
- In 2024, the Crab Market size is expected to reach USD 11.85 billion. *
- In 2029 the Crab Market is projected to grow by USD 15.66 billion. *
- The Crab Market size is projected to grow by USD 5.65 billion at a CAGR of 5.72% between 2023 and 2028. The market is experiencing significant growth due to increasing public awareness regarding the nutritional benefits associated with crab consumption**
- Crab has increased in social conversations by 6.33 in the restaurant space and has a menu penetration of 19.23%**
- There are 209,768 restaurants currently offering Crab on their menu in USA
- 19.23% restaurants offer Crab on their menus**
- The most 3 top popular food pairing for crab are:
- #1 Crab Cake 20.3%
- #2 Soup 14.67%
- #3 Salad 13.88%
So, the next time, when you are enjoying at your favorite restaurants, delicious soups and chowder recipes that will warm you in the winter months, and appetizers, dips, salads, and of course the delicious crab cakes and so much more that will delight your palette and please your taste buds, could be one of the brands we represented on those recipes… So, enjoy It!!