The forecast for the import of prepared or preserved crab to India shows a gradual increase from 2024 to 2028, progressing from $340.82 thousand to $394.56 thousand. As of 2023, previous data isn't specified, but projections show a consistent rise with a Compound Annual Growth Rate (CAGR) highlighting a steady growth trend over these five years. Year-on-year growth reflects a stable increase, driven by factors such as expanding domestic demand, a growing middle-class population, and evolving consumer preferences.
Future trends to watch for include:
- Shifts in consumer preferences towards convenience foods, potentially boosting demand even further.
- Trade policies impacting import tariffs and regulatory standards, which could influence market dynamics.
- Supply chain disruptions, possibly from environmental factors, affecting pricing and availability.
- Emerging competition from alternative seafood products, which might alter consumption patterns.