Market Forecast By Type (Blue Crab, Chinese Mitten Crab, Gazami Crab, Others), By Form (Frozen, Canned, Others) And Competitive Landscape
Product Code: ETC088843 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Crab market currently, in 2023, has witnessed an HHI of 3889, Which has increased slightly as compared to the HHI of 2802 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | India Crab Market |
Forecast period | 2024-2030 |
CAGR | 4.7% |
Growing Sector | Packaging Sector |
The India Crab Market Report thoroughly covers the market by type and form. The India Crab Market Outlook report provides an unbiased and detailed analysis of the ongoing India Crab Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India crab market is expected to grow significantly in the years to come on the back of the increasing demand for seafood products and rising disposable income. However, there are also challenges such as climate change and overfishing that need to be addressed. The key players in the industry are focused on improving their production operations, while the government has taken several initiatives to support the growth of the market.
According to 6Wresearch, the India Crab Market size is estimated to expand at a CAGR of 4.7% during 2024-2030. One of the main drivers of the India crab market is the increasing demand for seafood products. The Indian population is becoming more health-conscious, and seafood is seen as a healthy and nutritious option. Moreover, crab is considered a delicacy and is enjoyed across the country. Additionally, rising disposable income has also played a significant role in the India crab market growth.
However, the crab industry in India faces several challenges. One such challenge is climate change. The unpredictable weather patterns and rising sea levels have a significant impact on the crab population. Climate change has led to changes in the crab habitats, making it difficult for fishermen to catch them. Overfishing is also a major problem, leading to a depletion of the crab population. This, in turn, impacts the growth potential of the market.
India crab market presents several opportunities for growth. The key players in the market are focused on improving their operations to increase production. They are also investing in marketing and brand building to create a loyal customer base. Some of the top players in the Indian crab market include BMR Seafood Pvt Ltd., Devi Fisheries Ltd, and Suryamitra Exim Pvt Ltd.
The Indian government has also initiated several policies to support the growth of the crab market. One such policy is the Blue Revolution scheme, which aims to increase the production and productivity of fisheries. The scheme provides financial assistance to farmers and fishermen to improve their infrastructure and equipment, and to adopt new technologies. Moreover, the government has also launched a programme to encourage the restoration of crab habitats in the coastal areas. The programme provides financial incentives to local communities to protect and restore crab habitats.
The Indian crab market is poised for growth, with promising opportunities in the domestic and export markets. Crab farming is becoming more sustainable and profitable, leading to increased production. The India crab market could emerge as a global leader in the coming years, with the potential for expanding markets and increased export revenues. As demand for seafood grows globally, India's crab industry is in a position to meet those demands, and with the right policies and initiatives, it can become a game-changer for India's coastal communities.
According to Kapil, Senior Research Analyst, 6Wreserach, Blue Crab is the most popular Crab type sold in India and has been a significant contributor to the overall growth of the Crab market. The Blue Crab has a hard shell that is blue in color and is commonly found in the Atlantic coast of the United States.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Crab Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Crab Market Revenues & Volume, 2020 & 2030F |
3.3 India Crab Market - Industry Life Cycle |
3.4 India Crab Market - Porter's Five Forces |
3.5 India Crab Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 India Crab Market Revenues & Volume Share, By Form, 2020 & 2030F |
4 India Crab Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Crab Market Trends |
6 India Crab Market, By Types |
6.1 India Crab Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Crab Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 India Crab Market Revenues & Volume, By Blue Crab, 2020 - 2030F |
6.1.4 India Crab Market Revenues & Volume, By Chinese Mitten Crab, 2020 - 2030F |
6.1.5 India Crab Market Revenues & Volume, By Gazami Crab, 2020 - 2030F |
6.1.6 India Crab Market Revenues & Volume, By Others, 2020 - 2030F |
6.2 India Crab Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Crab Market Revenues & Volume, By Frozen, 2020 - 2030F |
6.2.3 India Crab Market Revenues & Volume, By Canned, 2020 - 2030F |
6.2.4 India Crab Market Revenues & Volume, By Others, 2020 - 2030F |
7 India Crab Market Import-Export Trade Statistics |
7.1 India Crab Market Export to Major Countries |
7.2 India Crab Market Imports from Major Countries |
8 India Crab Market Key Performance Indicators |
9 India Crab Market - Opportunity Assessment |
9.1 India Crab Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Crab Market Opportunity Assessment, By Form, 2020 & 2030F |
10 India Crab Market - Competitive Landscape |
10.1 India Crab Market Revenue Share, By Companies, 2023 |
10.2 India Crab Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |