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.
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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.
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Crab Market In APAC Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.12% |
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Market growth 2023-2027 |
USD 2.29 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
3.02 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
