Global Crayfish Market to Grow at a CAGR of 25.7% During 2024-2032, Driven by the Growing Demand for Sustainably Sourced Crayfish and Sea Foods

Crayfish, also called crawfish, are small crustaceans that majorly grow in freshwater and are popular across the globe. The increasing global consumption of seafoods and the growth of aquaculture are the major factors influencing the crayfish market growth. Total fisheries and aquaculture production have increased dramatically on a global scale over the past few years, due primarily to improvements in production technologies, favourable government policies supporting fish farming, and to fulfil food demands of the growing population.

Around 95% of the crayfish consumed in the United States of America are harvested from Louisiana. The Asia Pacific is anticipated to hold a significant share of the market owing to rising production and consumption of crayfish in China. China is known to produce crayfish at a mass scale. The rising demand for seafood and the growing culinary popularity of crayfish in China are aiding the market growth. Crayfish is widely incorporated in soups and other dishes in Chinese homes and restaurants.

The wide availability of crayfish and crayfish-based products in precooked or frozen categories at supermarket chains such as Walmart Inc (NYSE: WMT) and Kroger Co (NYSE: KR), also supports the market growth.

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Market Breakup by Type, Species, Category, and Region:

• The market is segmented based on type into farmed crayfish and wild crayfish.

• By species, the market is segmented into Red Swamp and Red Claw, among others.

• By category, the market is segmented into precooked, frozen, and fresh/live.

• Region-wise, the global market for crayfish can be divided into China, the US, Europe, Asia Pacific (excluding China), and Rest of the World.

Key Findings of the Report:

• The rich nutritional profile of crayfish, including its high protein content as well as Vitamin B6, B12, and carbohydrates is aiding its demand. Crayfish are known to provide healthy eyes, improve the functioning of the nervous system and boost liver, hair, and skin health.

• The expanding tourism sector is aiding the growth of restaurants. A rise in the number of restaurants is boosting the demand for crayfish in various dishes such as soups, tacos, étouffées, and bisques.

• Crayfish is widely available in supermarkets in precooked and fresh forms, providing convenience to consumers in preparing meals.

• There is a growing demand for freshwater crayfish that are not farmed or artificially fed. The rising demand for sustainability is also aiding the demand for sustainably sourced crayfish.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for crayfish for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the type, species, category, and major regions of crayfish.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the crayfish market are Riceland Crawfish, Acadia Crawfish Co, LLC, Louisiana Crawfish Company, The Louisiana Seafood Company, Alfocan SA, and Live Aquaponics, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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