Crayfish Market - Forecast(2024 - 2030)

Report Code: FBR 71312 Report Format: PDF + Excel

Crayfish Market Overview

Crayfish market size was estimated at $9.8 billion in 2020, growing at a CAGR of 12.7% during the forecast period 2021-2026. Crayfish are also known as crawdads, crawfish, freshwater lobsters, freshwater crustaceans, yabbies, and mudbugs. Crayfish are members of the Astacoidea and Parastacoidea superfamilies, which reside in freshwater crustaceans like tiny lobsters. Crayfish contain omega-3 fatty acids that help improve eyesight by lowering the risk of vision loss and macular degeneration. There are many health benefits of Crayfish, such as it helps in weight loss, development of bones, brain, and prevent depression. It is a good source of iron, and daily consumption of Crayfish aids in the creation and circulation of blood in the body while lowering the risk of anemia and other low iron-related health disorders. Increasing demand for seafood owing to health benefits is one of the major factors driving the growth of the market. Rising concern about the health and growing popularity of omega-3 fatty acids is set to further enhance the overall market development of the Crayfish Market for the period 2021-2026.

Report Coverage

The report: "Crayfish Market Forecast (2021-2026)", by Industry ARC, covers an in-depth analysis of the following segments of the Crayfish Market.
By Type: Red Swamp Crayfish, Ringed Crayfish, Virile Crayfish, Rusty Crayfish and Others.
By Source: Aquaculture and Wild Fishery.
By Application: Food, Pets and Others.
By Distribution Channel: Hypermarkets/Supermarkets, Convenience Store, Speciality Store, Online Retailers and others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Takeaways

  • Asia-Pacific dominated the Crayfish Market in 2020 owing to increasing awareness about healthy lifestyles among the people in this region. The Crayfish Market scope for different regions will be provided in the final report.
  • Growing demand for processed Crayfish is set to aid the market growth of the Crayfish Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the Crayfish Market market will be provided in the report.
  • High price of Crayfish in the market is poised to create the hurdles for the Crayfish Market.

Crayfish Market Revenue Share, By Geography, 2020(%)

Crayfish Market Revenue Share

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Crayfish Market Segment Analysis – By Type

Based on type market for Crayfish is categorized in Red Swamp Crayfish, Ringed Crayfish, Virile Crayfish, Rusty Crayfish, and Others. Red Swamp Crayfish segment in the Crayfish market held the largest share, and also it is estimated to register a higher CAGR of 12.10% during the forecast period 2021-2026. Increasing consumption of seafood owing to its nutritional benefits is boosting the growth of the crayfish market. Red Swamp Crayfish is rich in nutrition as it helps in the growth of bones due to the presence of vital minerals such as calcium and magnesium. It can assist in reducing the risk of developing bone-related disorders caused by calcium and magnesium deficiencies which increasing the Crayfish market. 

Crayfish Market Segment Analysis – By Distribution Channel

Based on distribution channel market for Crayfish is categorized in Hypermarkets/Supermarkets, Convenience Store, Speciality Store, Online Retailers, and others. Hypermarkets/Supermarkets segment in Crayfish market held the largest share. Hypermarkets/Supermarkets offer better brand visibility, an easy shopping experience, and the availability of a wide range of products and brands, thereby increasing the Crayfish market. However, online retailers are estimated to register a higher CAGR of 12.12% during the forecast period 2021-2026 owing to Online Retail Stores provides more discounts and wider options to purchase. 

Crayfish Market Segment Analysis – By Geography

The Asia Pacific dominated the Crayfish market with a significant share of 39% in 2020. This is attributed to Crayfish which is becoming more prominent in Chinese cuisine. Increasing consumption of Crayfish in soups, tacos, étouffées, bisques, and others is augmenting the growth of the crayfish market. Furthermore, growing awareness about the benefits of Crayfish as it is low in calories which is good for health which is contributing to the growth of the market in this region. 
However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026, owing to the increasing availability of Crayfish in this region. The growing food and beverage industry, coupled with a rising preference of the people towards omega 3 fatty acid products in this region, is also increasing the growth of the market in this region.

Crayfish Market Drivers

Increasing Demand for Seafood, As a result of Changing Preference of Consumers

Increasing demand for seafood owing to the changes in the lifestyle, people now prefer processed seafood across the globe, which is further increasing the growth of the Crayfish Market. According to, Food and Agriculture Organization (FAO), 40 million more tonnes of seafood, or a nearly 30% increase, will be needed to meet rising demand by 2030. Additionally, an increase in disposable income of the people is also predicted to increase the growth of the Crayfish market during the forecast period 2021-2026.

Growing Awareness about Health Benefits of Crayfish

There is an increasing awareness about the health benefits of Crayfish as it is a good source of omega-3 fatty acids that help prevent chronic diseases that increase the growth of the Crayfish market. According to the World Health Organization, the world's aging population will hasten cancer incidence in the coming decades. The yearly number of new cancer cases is expected to climb to 17 million by 2020 and 27 million by 2030. Rising food and beverage industry growth is also forecasted to increase the Crayfish Market's development during the period 2021-2026.

Crayfish Market Challenges

High Cost of Crayfish and Regulatory Concern

The primary factor that is set to impede the growth of the Crayfish market is over High cost of Crayfish as the processing of Crayfish requires a lot of investment. Also, high temperatures in processing may affect the quality of the product. The average price of crayfish range from $6.95 to $149.95 that depends on species, and grade of crayfish.

Another factor that hampers the market's growth is Regulatory concerns about product use, as well as increasingly strict government policy and regulation in the transportation sector. 

Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Crayfish Market. In 2020, the Crayfish Market share is consolidated by the top ten players present in the market. The Crayfish Market, top 10 companies are, 
  1. Albion Fisheries Ltd.
  2. Cajun Crawfish
  3. Mackay Reef Fish Pty Ltd.
  4. Riceland Crawfish
  5. Acadia Crawfish Co, LLC
  6. Louisiana Crawfish Company
  7. The Louisiana Seafood Company
  8. Alfocan SA
  9. Live Aquaponics
  10. Seven Star Ocean Fisheries Ltd.

Relevant Titles:

Report Code: AGR 0021

Report Code: FBR 96376

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1. Crayfish Market - Overview
    1.1 Definitions and Scope
2. Crayfish Market - Executive Summary
    2.1 Market Revenue and Key Trends
    2.2 Key trends by Type
    2.3 Key trends by Source
    2.4 Key trends by Application
    2.5 Key trends by Distribution Channel
    2.6 Key trends by Geography
3. Crayfish Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Selling Price
4. Crayfish Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Crayfish Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Crayfish Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Crayfish Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Crayfish Market – By Type (Market Size –$Million/$Billion)
    8.1 Red Swamp Crayfish
    8.2 Ringed Crayfish
    8.3 Virile Crayfish
    8.4 Rusty Crayfish
    8.5 Others
9. Crayfish Market – By Source(Market Size –$Million/$Billion)
    9.1 Aquaculture
    9.2 Wild Fishery
10. Crayfish Market - By Application(Market Size –$Million/$Billion)
    10.1 Food
    10.2 Pet
    10.3 Others
11. Crayfish Market - By Distribution Channel(Market Size –$Million/$Billion)
    11.1 Hypermarkets /Supermarkets
    11.2 Convenience Stores
    11.3 Specialty Store
    11.4 Online Retailers
    11.5 Others
12. Crayfish Market - By Geography(Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Mexico
        12.1.3 Canada
    12.2 Europe
        12.2.1 U.K.
        12.2.2 France
        12.2.3 Germany
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Others
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Crayfish Market - Entropy
14. Crayfish Market – Industry/Segment Competition Landscape Premium
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Competition Matrix
        14.1.5 Best Practices for Companies
15. Crayfish Market – Key Company List by Country Premium Premium
16. Crayfish Market Company Analysis (Company Revenue, Product, M&A, Developments)
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global CRAYFISH MARKET BY TYPE Market 2023-2030 ($M)
1.1 RED SWAMP CRAYFISH Market 2023-2030 ($M) - Global Industry Research
1.2 VIRILE CRAYFISH Market 2023-2030 ($M) - Global Industry Research
1.3 RINGED CRAYFISH Market 2023-2030 ($M) - Global Industry Research
1.4 RUSTY CRAYFISH Market 2023-2030 ($M) - Global Industry Research
2.Global CRAYFISH MARKET BY TYPE Market 2023-2030 (Volume/Units)
2.1 RED SWAMP CRAYFISH Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 VIRILE CRAYFISH Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 RINGED CRAYFISH Market 2023-2030 (Volume/Units) - Global Industry Research
2.4 RUSTY CRAYFISH Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America CRAYFISH MARKET BY TYPE Market 2023-2030 ($M)
3.1 RED SWAMP CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
3.2 VIRILE CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
3.3 RINGED CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
3.4 RUSTY CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
4.South America CRAYFISH MARKET BY TYPE Market 2023-2030 ($M)
4.1 RED SWAMP CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
4.2 VIRILE CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
4.3 RINGED CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
4.4 RUSTY CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
5.Europe CRAYFISH MARKET BY TYPE Market 2023-2030 ($M)
5.1 RED SWAMP CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
5.2 VIRILE CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
5.3 RINGED CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
5.4 RUSTY CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
6.APAC CRAYFISH MARKET BY TYPE Market 2023-2030 ($M)
6.1 RED SWAMP CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
6.2 VIRILE CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
6.3 RINGED CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
6.4 RUSTY CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
7.MENA CRAYFISH MARKET BY TYPE Market 2023-2030 ($M)
7.1 RED SWAMP CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
7.2 VIRILE CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
7.3 RINGED CRAYFISH Market 2023-2030 ($M) - Regional Industry Research
7.4 RUSTY CRAYFISH Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Crayfish Market Revenue, 2023-2030 ($M)
2.Canada Crayfish Market Revenue, 2023-2030 ($M)
3.Mexico Crayfish Market Revenue, 2023-2030 ($M)
4.Brazil Crayfish Market Revenue, 2023-2030 ($M)
5.Argentina Crayfish Market Revenue, 2023-2030 ($M)
6.Peru Crayfish Market Revenue, 2023-2030 ($M)
7.Colombia Crayfish Market Revenue, 2023-2030 ($M)
8.Chile Crayfish Market Revenue, 2023-2030 ($M)
9.Rest of South America Crayfish Market Revenue, 2023-2030 ($M)
10.UK Crayfish Market Revenue, 2023-2030 ($M)
11.Germany Crayfish Market Revenue, 2023-2030 ($M)
12.France Crayfish Market Revenue, 2023-2030 ($M)
13.Italy Crayfish Market Revenue, 2023-2030 ($M)
14.Spain Crayfish Market Revenue, 2023-2030 ($M)
15.Rest of Europe Crayfish Market Revenue, 2023-2030 ($M)
16.China Crayfish Market Revenue, 2023-2030 ($M)
17.India Crayfish Market Revenue, 2023-2030 ($M)
18.Japan Crayfish Market Revenue, 2023-2030 ($M)
19.South Korea Crayfish Market Revenue, 2023-2030 ($M)
20.South Africa Crayfish Market Revenue, 2023-2030 ($M)
21.North America Crayfish By Application
22.South America Crayfish By Application
23.Europe Crayfish By Application
24.APAC Crayfish By Application
25.MENA Crayfish By Application
26.MERCATOR MEDIA LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.ALBION FISHERIES LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.SIAM CANADIAN GROUP LIMITED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.UNITED EUROPEAN SEAFOOD TRADERS LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.CAJUN CRAWFISH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.SEAFOOD PEDDLER OF SAUSALITO, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.OCEAN TREASURE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.K/S KNOLD'S SEAFOOD AB, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.MACKAY REEF FISH PTY LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.SEVEN STAR OCEAN FISHERIES LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)