July 12, 2023 — Many U.S. restaurants are taking advantage of recently declining crab and plateauing lobster prices by featuring them on summer menus.
Wholesale crab prices have dropped in recent months, encouraging retail and restaurant buyers to promote it this summer, which in turn has led to higher sales. Frozen crab sales spiked 41.9 percent in May 2023 compared to the same month last year, and fresh crab sales jumped 15.4 percent, according to research firm Circana.