Sales of crab and other premium seafoods at US supermarkets and restaurants are rebounding as consumers pounce on discounts following a year of sky-high prices and a glut of inventory.

At an average of $8.04 (€7.31) per pound, fresh crab prices in the United States have dropped 19 percent compared to last year, according to June retail scan data from Circana (formerly IRI) analyzed by 210 Analytics.

The price drops appear to be motivating consumers "to splurge a little," with fresh crab sales up significantly compared to last year.