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United States Crayfish Market Consumption to Grow at a CAGR of 31.5% in the Forecast Period, Aided by the Rising Demand for Crayfish

According to a new report by EMR titled, ‘United States Crayfish Market Report and Forecast 2021-2026’, the United States crayfish market attained a value of around USD 285 million in 2020. The market is further expected to grow at a CAGR of nearly 31.5% in the forecast period of 2021-2026 to reach a value of around USD 1555 million by 2026.

The United States crayfish market is driven by rising global demand. The South-Eastern states are major producer and consumers of crayfish. Live red swamps are most popular in this region and price inelastic, meaning thereby, that an increase in price will give higher revenue as quantity demanded falls marginally, which gives an advantage of getting premium prices for it. Globally, there is great demand for frozen crayfish, especially for tail and abdominal meat. There is a rising demand for different crayfish forms.

The United States Food and Drug Administration has identified certain measures to ensure that any hazard from consumption of such products is prevented. Cooling of the cooked crayfish is a critical control point in order to prevent build-up of pathogenic bacteria growth and toxin formation. The product is cooled from 135°F (57.2°C) to 70°F (21.1°C) within 2 hours and further cooled from 135°F (57.2°C) to 40°F (4.4°C) within an additional four hours. Continuous monitoring using a temperature indicating or recording device must be done and in case of any deviation corrective measure must be undertaken accordingly like recooking, adding ice to the product, or destroying the product, among others.

Live Aquaponics is a United States based company shipping live fish or crustacean species like crayfish and prawn using logistics support from United Parcel Service, Inc. (NYSE: UPS). It is ‘Hazard Analysis and Critical Control Point’ certified. The products are healthy and bred maintaining the highest quality standard. The Louisiana Crawfish Company of United States provides live products too of multiple size grades directly from their farm in Styrofoam coolers to ensure cold storage while shipping in guaranteed one day. They undertake deliveries daily in association with FedEx (NYSE: FDX) and cater to regions like Louisiana, Arkansas, Mississippi, and others. Riceland Crawfish provides processed and frozen crayfish throughout United States which can be found at local stores or hypermarkets like Walmart Inc, (NYSE: WMT).

Key Findings of the Report:

  • The market is driven by increased national and international consumption demand for crayfishes.
  • Frozen crayfishes are popular in non-seasonal periods of the year, driving the demand. 
  • Similarity with other crustaceans like crabs, prawn, and lobster is also increasing the demand for crayfish.
  • Crayfish a good source of calcium, iron, magnesium, and vitamin B-12 is a healthy meal and raises the demand globally.
  • Popular regional culinary styles like Cajun style crayfish also leading the growth.

Key Offerings of the report:

  • The EMR report gives an overview of the crayfish market in United States for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the types, production by region, and consumption by region of the United States crayfish market. 
  • 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 of United States are Riceland Crawfish, Acadia Crawfish Co, LLC, Louisiana Crawfish Company, The Louisiana Seafood Company, 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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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