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Report
Global Crayfish Market Report and Forecast 2023-2028
Market Report I 2023-03-07 I 113 Pages I EMR Inc.
Global Crayfish Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global crayfish market reached a value of USD 13262 million in 2022. Aided by increased demand for seafood and the expansion of the aquaculture industry, the market is projected to grow at a CAGR of 27.9% between 2023 and 2028, reaching a value of USD 67185.70 million by 2028.
Crayfish are small crustaceans that are typically found in freshwater habitats. They are also referred to as crawfish or freshwater lobsters. Crayfish are a well-liked seafood dish in many different cuisines, especially in the Southern United States, Europe, and the Asia Pacific. The global crayfish market share is influenced by factors such as changing consumer preferences, population growth, and technological advancements in aquaculture and distribution.
The global consumption of crayfish has increased as a result of rising seafood demand, rising interest in aquaculture-produced fish varieties, and expanding aquaculture industry. Additionally, the expansion of the HoReCa sector and the growing popularity of seafood-based dishes have further propelled the market growth.
Consumers are increasingly preferring packed and processed crawfish in order to avoid dealing with the waste produced and minimise the work necessary during crayfish preparation. Thus, one significant market trend that is expected to drive the expansion of the global crayfish market size throughout the forecast period is the rising demand for processed and packaged crayfish. The expansion of e-commerce platforms and online sales channels is providing wider access to crayfish products for consumers, both in terms of variety and availability. This trend has significantly contributed to the growth of the global crayfish market and is expected to continue during the forecast period.
Omega-3 fatty acids found in crayfish are considered beneficial in improving eyesight since they reduce the risk of macular degeneration and vision loss. The crayfish market share is, thus, expected to continue to increase owing to the rising demand of omega-3 fatty acids. Crayfish are a nutrient-dense source of high-quality protein, vitamins, and minerals that have been demonstrated to enhance immunological response, metabolism, and cardiovascular health. Accordingly, the rising prevalence of health-conscious consumers seeking nutrient-rich and flavourful alternatives has also contributed to the development of the global crayfish market.
Market Segmentation
The market can be divided based on type, species, category, production by region, and consumption by region.
Market Breakup by Type
- Farmed
- Wild
Market Breakup by Species
- Red Swamp
- Red Claw
- Others
Market Breakup by Category
- Frozen (Precooked)
- Frozen (Raw)
- Live/Fresh
Market Breakup by Production Region
- China
- United States
- Others
Market Breakup by Consumption Region
- China
- United States
- Europe
- Other Asia
- Rest of the World
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global crayfish companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Riceland Crawfish
- Acadia Crawfish Co, LLC
- Louisiana Crawfish Company
- The Louisiana Seafood Company
- Alfocan SA
- Live Aquaponics
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Crayfish Market Analysis
8.1 Key Industry Highlights
8.2 Global Crayfish Historical Production (2018-2022)
8.3 Global Crayfish Production Forecast (2023-2028)
8.4 Global Crayfish Historical Consumption (2018-2022)
8.5 Global Crayfish Consumption Forecast (2023-2028)
8.6 Global Crayfish Market by Type
8.6.1 Farmed
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Wild
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Crayfish Market by Species
8.7.1 Red Swamp
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Red Claw
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.3 Others
8.8 Global Crayfish Market by Category
8.8.1 Frozen (Precooked)
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Frozen (Raw)
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Live/Fresh
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.9 Global Crayfish Production by Region
8.9.1 China
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 United States
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Others
8.10 Global Crayfish Consumption by Region
8.10.1 China
8.10.1.1 Market Share
8.10.1.2 Historical Trend (2018-2022)
8.10.1.3 Forecast Trend (2023-2028)
8.10.2 United States
8.10.2.1 Market Share
8.10.2.2 Historical Trend (2018-2022)
8.10.2.3 Forecast Trend (2023-2028)
8.10.3 Europe
8.10.3.1 Market Share
8.10.3.2 Historical Trend (2018-2022)
8.10.3.3 Forecast Trend (2023-2028)
8.10.4 Other Asia
8.10.4.1 Market Share
8.10.4.2 Historical Trend (2018-2022)
8.10.4.3 Forecast Trend (2023-2028)
8.10.5 Rest of the World
8.10.5.1 Market Share
8.10.5.2 Historical Trend (2018-2022)
8.10.5.3 Forecast Trend (2023-2028)
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter's Five Forces Analysis
9.2.1 Supplier's Power
9.2.2 Buyers Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Company Profiles
10.3.1 Riceland Crawfish
10.3.1.1 Company Overview
10.3.1.2 Product Portfolio
10.3.1.3 Demographic Reach and Achievements
10.3.1.4 Certifications
10.3.2 Acadia Crawfish Co, LLC
10.3.2.1 Company Overview
10.3.2.2 Product Portfolio
10.3.2.3 Demographic Reach and Achievements
10.3.2.4 Certifications
10.3.3 Louisiana Crawfish Company
10.3.3.1 Company Overview
10.3.3.2 Product Portfolio
10.3.3.3 Demographic Reach and Achievements
10.3.3.4 Certifications
10.3.4 The Louisiana Seafood Company
10.3.4.1 Company Overview
10.3.4.2 Product Portfolio
10.3.4.3 Demographic Reach and Achievements
10.3.4.4 Certifications
10.3.5 Alfocan SA
10.3.5.1 Company Overview
10.3.5.2 Product Portfolio
10.3.5.3 Demographic Reach and Achievements
10.3.5.4 Certifications
10.3.6 Live Aquaponics
10.3.6.1 Company Overview
10.3.6.2 Product Portfolio
10.3.6.3 Demographic Reach and Achievements
10.3.6.4 Certifications
10.3.7 Others
11 Industry Events and Developments
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