Reports
Global Crayfish Industry Report: Country Overview; Key Segmentation and Scope; by Type; Industry Highlights; Opportunities and Challenges; Properties and Applications; Market Analysis; Market Structure; Porter’s Five Forces Analysis: Supplier’s Power, Threat of New Entrants, Degree of Rivalry, Threat of Substitutes; Market Dynamics; Competitive Landscape; Industry Events and Developments, 2022-2027
Crayfish Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices
The global Crayfish market attained a volume of about 2751.9 KMT in 2021. The industry is projected to grow at a CAGR of around 25% in the forecast period of 2022-2027 to reach a volume of about 10248 KMT by 2027.
The global Crayfish industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing health consciousness among individuals is primarily driving the market's growth. The Asia Pacific is the highest category spender by region, driving the demand for the Crayfish industry.
Industry Definition and Segmentation
Crayfish, or crawfish, is a little lobster-like freshwater that dwells in freshwater streams, ponds, lakes, swamps, and marshes and is often green, dark brown, or sandy in appearance. It is high in fatty acids, vitamins, minerals, and omega 3 fatty acids. The Crayfish industry report comprises segments by type (farmed, wild), species (red swamp, red claw, others), category (frozen (precooked), frozen (raw), live/fresh), and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia Pacific Region is Driving the Growth of the Industry
The Asia Pacific holds a significant share in the industry as China accounts for a substantial portion of global crayfish demand. In addition, due to the high availability of crayfish in countries like Australia and New Zealand and the strong demand for seafood in these countries, the Asia Pacific area (excluding Japan) accounts for a very high part of the worldwide crayfish market with a significant growth rate.
The market is witnessing growth owing to the high nutritional content of the product. Crayfish are high in omega-3 fatty acids, which aid in enhancing vision by minimising the risk of macular degeneration and vision loss. The rising demand for food products that are healthy, and nutrient-rich is gaining traction among consumers, which is boosting the market demand. Crayfish has several health advantages, including weight loss, bone and brain growth, and depression prevention, further its need. The demand for fish is highest in poor and undeveloped regions as it aids starvation, thus resulting in increased demand.
However, the rising popularity of veganism and the high cost of crayfish exports are projected to stifle the market's expansion.
Best Procurement Practices
The global Crayfish industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Crayfish regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
Crawfish are raised in small earthen ponds with a depth of 8 to 24 inches. For the cultivation, harvesting, and maintenance of vegetation, relatively flat, readily drained land with sufficient levees is necessary. Crawfish are raised in regions with enough clay in the soil to store water and allow for burrow building. Apart from water quantity, the water needs for crawfish production are identical to those for other freshwater aquaculture projects. Ponds are filled in the fall and emptied in the spring, and different water exchanges are occasionally required due to the oxygen requirement from rotting plants.
Changing Consumer Patterns, Further Propelling the Procurement of Crayfish
The market is being aided by the easy availability of the product, which has also resulted in demand for processed and packaged crayfish, particularly from non-producing nations assisting the crayfish market's growth. Consumers prefer packaged and processed crawfish to avoid dealing with trash and to cut down on time spent preparing crayfish. Consumers choose frozen crustaceans for immediate consumption due to the fast-paced urban lifestyle providing the market with a significant thrust. Furthermore, parts of the fish like the abdomen and tail flesh are popular among consumers furthering their market demand.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Key Industry Players Mentioned in the Crayfish Industry Report
- Riceland Crawfish
- Acadia Crawfish Co, LLC
- Louisiana Crawfish Company
- The Louisiana Seafood Company
- Alfocan SA
Market Landscape
Aquaculture is booming in the Midwest, and it has a lot of promise. Farmers and sellers of crayfish might see this as an opportunity to expand the crayfish business. The Crayfish Market'sMarket's primary tactics are product launches, mergers and acquisitions, joint ventures, and R&D activities.
Key Initiatives by Companies
- Gulf Island Shrimp and Seafood of Lake Charles, Louisiana, announced in January 2022 that it had purchased DoRan Seafood of Independence, Louisiana, a shrimp processor that sells to the foodservice and retail markets. Under its Big Easy Foods brand, Gulf Island Shrimp and Seafood procures Louisiana-style foods such as gumbos, etouffee, boudin, and more.
- Louisiana Crawfish Company proudly announced that they are the only company in the world to provide our unique and revolutionary product: All Natural Crawfish! Unlike rice ponds, where heavy pesticides and fertilisers are utilised in production, this unique product is gathered from ponds using only natural vegetation (such as smartweed and alligator weed) as the food supply.
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 (2017-2021)
8.3 Global Crayfish Production Forecast (2022-2027)
8.4 Global Crayfish Historical Consumption (2017-2021)
8.5 Global Crayfish Consumption Forecast (2022-2027)
8.6 Global Crayfish Market by Type
8.6.1 Farmed
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Wild
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Crayfish Market by Species
8.7.1 Red Swamp
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Red Claw
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.8.1.3 Forecast Trend (2022-2027)
8.8.2 Frozen (Raw)
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2017-2021)
8.8.2.3 Forecast Trend (2022-2027)
8.8.3 Live/Fresh
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2017-2021)
8.8.3.3 Forecast Trend (2022-2027)
8.9 Global Crayfish Production by Region
8.9.1 China
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2017-2021)
8.9.1.3 Forecast Trend (2022-2027)
8.9.2 United States
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2017-2021)
8.9.2.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.10.1.3 Forecast Trend (2022-2027)
8.10.2 United States
8.10.2.1 Market Share
8.10.2.2 Historical Trend (2017-2021)
8.10.2.3 Forecast Trend (2022-2027)
8.10.3 Europe
8.10.3.1 Market Share
8.10.3.2 Historical Trend (2017-2021)
8.10.3.3 Forecast Trend (2022-2027)
8.10.4 Other Asia
8.10.4.1 Market Share
8.10.4.2 Historical Trend (2017-2021)
8.10.4.3 Forecast Trend (2022-2027)
8.10.5 Rest of the World
8.10.5.1 Market Share
8.10.5.2 Historical Trend (2017-2021)
8.10.5.3 Forecast Trend (2022-2027)
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
The global Crayfish market attained a volume of about 2751.9 KMT in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 25%.
The easy availability of the product is one of the essential drivers of the Crayfish market growth.
Riceland Crawfish, Acadia Crawfish Co, LLC, Louisiana Crawfish Company, The Louisiana Seafood Company, and Alfocan SA. are some of the major companies in the market.
The Asia Pacific region of the Crayfish industry holds a significant share in the market.
The global Crayfish market attained a volume of about 2751.9 KMT in 2021, driven by the high nutritional content of the product. The rising demand for healthy and nutrient-rich food products is gaining traction among consumers, which is boosting the market demand. Aided by the product's easy availability, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 25%. The market is projected to reach a volume of about 10248 KMT by 2027. Some of the leading players in the industry are Riceland Crawfish, Acadia Crawfish Co, LLC, Louisiana Crawfish Company, The Louisiana Seafood Company, and Alfocan SA.
Procurement Resources'Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.
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