Growing awareness about the fact that crab meat is a rich source of protein apart from being a low-fat source, the global crab meat market is likely to grow irresistibly in the forecast period, says an analyst from Future Market Insights.
The global crab meat market is worth US$ 879.2 as of now and expected to reach US$ 1.52 Billion by 2033 at a CAGR of 4.7% between 2023 and 2033.
Versatility in culinary applications is one of the major factors driving crab meat market. Plus, intake of crab meat assures that intake of fats is lower as compared to its counterparts. Specialty and premium crab meat varieties are keeping the cash registers ringing for crab meat market and the scenario is expected to remain unchanged even in the forecast period.
The ready-to-use crab meat products are adding more value to crab meat market as they save on downtime. It has been observed that value-added products do have longer shelf lives; thereby doling out abysmal wastage and bolstering health benefits.
The trending global dishes are also incorporating crab meat to drive more customers. Lump crab meat is witnessing a higher demand as its succulent, white pieces render its desirable for home cooks as well as professionals.
Frozen crab meat is creating ripples as it could be stored for long; that too, while maintaining the freshness. Frozen crab meat could reach even the areas where fresh crabs are unavailable. Quick-freezing methods do aid in preservation of natural flavors, nutrients, and textures of crabs while keeping cells almost intact through formation of ice crystals.
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Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Crab Meat market’. It has its team of analysts and consultants to look through an eagle’s eye view in its primary, secondary, and tertiary modes of research.
Key Takeaways from Crab Meat Market
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Competitive Crab Meat
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Canned Meat Market Outlook: The overall demand for canned meat is slated to grow at a robust CAGR of 6.8% between 2023 and 2033, totaling a valuation of around US$ 25,405.5 million by 2033.
Processed Meat Market Share: The global processed meat market is expected to be valued at US$ 349.5 billion in 2023.
Meat Substitutes Market Analysis: Global demand for meat substitutes is expected to rise at a yearly growth rate of 5.0% Y-o-Y to US$ 67.9 billion in 2033.
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 02, 2024