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Crayfish Market Report and Forecast 2024-2032

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    Report

  • 210 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921486
According to the report, the global crayfish market is projected to grow at a CAGR of 31.5% between 2024 and 2032 reaching a value of approximate USD 171.68 billion by 2032. Aided by the increasing demand for unique seafood experiences and a surge in the popularity of crayfish-based dishes, the market is expected to grow significantly by 2032.

Crayfish, characterised by their lobster-like appearance, inhabit freshwater bodies such as rivers, lakes, and ponds. They are renowned for their succulent, sweet meat, and versatility in culinary applications. While crayfish have long been a staple in cuisines of regions like Louisiana in the United States, they are now making their way onto dinner tables worldwide.

As per the crayfish market analysis, the global fascination with gastronomy has led to a resurgence in the popularity of crayfish. Their sweet and tender meat, reminiscent of lobster, has earned them a coveted spot in diverse cuisines, from Cajun and Creole to Chinese and Scandinavian. The rise of food tourism and culinary experimentation has exposed more people to the exquisite taste of crayfish, contributing to their increasing demand.

Crayfish are celebrated for their adaptability in various dishes. They can be grilled, boiled, steamed, sautéed, or used as a base for flavourful broths and stews which further propels crayfish market demand. From crayfish boils in the southern United States to crayfish pasta in Italy, these crustaceans are now a global gastronomic phenomenon. The expanding global palate, coupled with a growing appreciation for diverse culinary experiences, has fuelled the demand for unique and exotic seafood. Crayfish, with their distinctive flavour, fit this niche perfectly.

Crayfish are a low-fat, high-protein seafood option, making them appealing to health-conscious consumers looking for nutritious alternatives to red meat, contributing to the crayfish market growth. The cultivation of crayfish in sustainable aquaculture practices has become more widespread. This ensures a consistent supply of high-quality crayfish without depleting natural populations.

The cultural significance of crayfish in certain regions, like Louisiana's crawfish boils, has led to their increased consumption. Festivals and traditions centred around crayfish also boost their popularity. North America, particularly the United States, also further increases the value of the crayfish market size. Louisiana, in particular, is renowned for its crayfish culture and cuisine, including the iconic crawfish boil.

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 by Region

  • China
  • United States
  • Others

Market Breakup by Consumption by Region

  • China
  • United States
  • Europe
  • Other Asia
  • Rest of the World

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global crayfish market. Some of the major players explored in the report are as follows:
  • Riceland Crawfish
  • Acadia Crawfish Co, LLC
  • Louisiana Crawfish Company
  • The Louisiana Seafood Company
  • Alfocan SA
  • Live Aquaponics
  • Others

Table of Contents

1 Preface2 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 Opportunities and Challenges in the Market
8 Global Crayfish Market Analysis
8.1 Key Industry Highlights
8.2 Global Crayfish Historical Production (2018-2023)
8.3 Global Crayfish Production Forecast (2024-2032)
8.4 Global Crayfish Historical Consumption (2018-2023)
8.5 Global Crayfish Consumption Forecast (2024-2032)
8.6 Global Crayfish Market by Type
8.6.1 Farmed
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Wild
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Crayfish Market by Species
8.7.1 Red Swamp
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Red Claw
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.3 Others
8.8 Global Crayfish Market by Category
8.8.1 Frozen (Precooked)
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Frozen (Raw)
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Live/Fresh
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.9 Global Crayfish Production by Region
8.9.1 China
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 United States
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Others
8.10 Global Crayfish Consumption by Region
8.10.1 China
8.10.1.1 Historical Trend (2018-2023)
8.10.1.2 Forecast Trend (2024-2032)
8.10.2 United States
8.10.2.1 Historical Trend (2018-2023)
8.10.2.2 Forecast Trend (2024-2032)
8.10.3 Europe
8.10.3.1 Historical Trend (2018-2023)
8.10.3.2 Forecast Trend (2024-2032)
8.10.4 Other Asia
8.10.4.1 Historical Trend (2018-2023)
8.10.4.2 Forecast Trend (2024-2032)
8.10.5 Rest of the World
8.10.5.1 Historical Trend (2018-2023)
8.10.5.2 Forecast Trend (2024-2032)
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 Opportunities and Challenges in the Market
List of Key Figures and Tables
1. Global Crayfish Market: Key Industry Highlights, 2018 and 2032
2. Global Crayfish Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Crayfish Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Crayfish Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Crayfish Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Crayfish Historical Market: Breakup by Species (USD Billion), 2018-2023
7. Global Crayfish Market Forecast: Breakup by Species (USD Billion), 2024-2032
8. Global Crayfish Historical Market: Breakup by Species (USD Billion), 2018-2023
9. Global Crayfish Market Forecast: Breakup by Species (USD Billion), 2024-2032
10. Global Crayfish Historical Market: Breakup by Category (USD Billion), 2018-2023
11. Global Crayfish Market Forecast: Breakup by Category (USD Billion), 2024-2032
12. Global Crayfish Historical Market: Breakup by Category (USD Billion), 2018-2023
13. Global Crayfish Market Forecast: Breakup by Category (USD Billion), 2024-2032
14. Global Crayfish Historical Production: Breakup by Region (USD Billion), 2018-2023
15. Global Crayfish Production Forecast: Breakup by Region (USD Billion), 2024-2032
16. Global Crayfish Historical Production: Breakup by Region (USD Billion), 2018-2023
17. Global Crayfish Production Forecast: Breakup by Region (USD Billion), 2024-2032
18. Global Crayfish Historical Consumption: Breakup by Region (USD Billion), 2018-2023
19. Global Crayfish Consumption Forecast: Breakup by Region (USD Billion), 2024-2032
20. Global Crayfish Historical Consumption: Breakup by Region (USD Billion), 2018-2023
21. Global Crayfish Consumption Forecast: Breakup by Region (USD Billion), 2024-2032
22. Global Crayfish Market Structure

Companies Mentioned

  • Riceland Crawfish
  • Acadia Crawfish Co LLC
  • Louisiana Crawfish Company
  • The Louisiana Seafood Company
  • Alfocan SA
  • Live Aquaponics

Methodology

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