Crab Market in APAC to increase by USD 2.29 billion from 2022 to 2027 | Rising awareness about the nutritional benefits of crabs boosts the market growth – Technavio

NEW YORK, Nov. 26, 2023 /PRNewswire/ — The crab market in APAC is expected to grow by USD 2.29 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 3.12% during the forecast period. Rising awareness about the nutritional benefits of crabs is notably driving the crab market in APAC. However, factors such as the threat of overfishing may impede market growth. The market is segmented by end-user (food service and retail) and environment (aquaculture and capture fisheries). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The Free sample report is available in PDF format 

Key Segment Analysis

The market share growth by the foodservice segment is significant during the forecast period. China is one of the main countries contributing to the demand for crabs in the APAC region as it is one of the popular Asia-Pacific seafood dishes served in numerous restaurants. Furthermore, in several fast-casual and quick-service restaurants, there is a growing popularity for crab dishes which is considered a major driver for the Asia Pacific – crab market growth. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View the Free PDF Sample Report.

Company Insights 
The crab market in APAC is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including: AEON CO. LTD., Alsa Fisheries, Evergreen Seafood, Golden Region Co. Ltd., HAIMENG Food Ltd., Hanwa Co. Ltd., Hong Seafood Pte Ltd., Karkata Trading Pte Ltd., Lee Fishing Company, Marine Aquafarm Pvt. Ltd., Maruha Nichiro Corp., Millennium Ocean Star Corp., Nissui Corp., Phil Union Frozen Foods Inc., Shanghai Kai Chuang Marine International Co. Ltd., Shiok Meats Pte Ltd., Siam Canadian Group Ltd., Source Natural Ltd., Thai Union Group PCL, True World Foods LLC, and United Ocean Co. Ltd.

View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Environment

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com

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SOURCE Technavio