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Report Overview
The global crayfish market attained a value of USD 19,594 Million in 2023 and is further expected to grow at a CAGR of 25.7% over the forecast period of 2024-2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- In 2023, endangered white-clawed crayfish were released at Wildheart Animal Sanctuary, supporting the conservation of Hampshire's chalk streams, crucial habitats in southern England.
- In 2023, Crayfish Bidco Oy, supported by Triton, acquired 9.9% of the shares in Caverion Oyj, for which reason they further strengthened their stand on the takeover bid for Caverion Oyj at €8 per share, thereby bolstering the growth of the crayfish market.
- Sustainable aquaculture practices including eco-friendly breeding techniques as well as monitoring water quality are major technologies that improve the efficiency and environmental impact of crayfish farming in the market.
Competitive Landscape
Global crayfish market players focus on sustainability and innovation. These aspects include improving aquaculture practices that would ensure environmentally sound sources of crayfish as well as prevent further overfishing by reducing the need to capture fish. Value added products is another area in which crayfish companies are investing their money by preparing ready-to-cook or gourmet products as the demand for them gets established in consumers. This helps in attracting more customers towards capturing the growth prospects in emerging markets through the health benefits that accompany the consumption of crayfish.
Key Market Players
Key industry leaders in this market are:
Riceland Crawfish is a specialty company that sells live and processed crayfish in Stuttgart, Arkansas, and was founded in 1970. It offers a range of frozen and precooked crayfish products to retail and foodservice customers. Riceland Crawfish ensures quality and sustainability in all sourcing activities.
Acadia Crawfish Co, LLC, established in 2001, of Crowley, Louisiana, provides high-quality live and frozen crayfish in seasonal and year-round products, local sourcing, meeting sustainability ideals, focusing on the two largest channels; wholesale and retail sales in the seafood marketplace.
Established in 1986, in Louisiana, the Louisiana Crawfish Company is a company focused on live and frozen crayfish products. They offer different variations, such as boiled and seasoned crayfish, targeting restaurants and consumers alike. Due to their focus on quality and sustainability, they offer a constant supply of fresh crayfish.
Established back in 1990 in New Orleans, Louisiana, Louisiana Seafood Company offers a wide variety of seafood products-from live crayfish to processed crayfish-all with a strong emphasis on quality and local sourcing for both retail and wholesale orders, to meet growing consumer demand for authentic Louisiana seafood.
Other market players in the global crayfish market include Alfocan SA and Live Aquaponics, among others.
Crayfish Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global crayfish market is projected to grow at a CAGR of 25.7% between 2024 and 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, increasing health awareness, and rising demand from both developing and developing regions, are expected to aid the market growth.
The key market trend guiding the industry growth includes the increasing demand for processed and packaged crayfish, along with rising health consciousness among consumers.
The major regions in the industry are China, the United States, Europe, and Asia Pacific (excluding China), among others.
Farmed and wild crayfish are the major types of product in the industry.
Red swamp and red claw, among others, are the significant species of the product in the industry.
Precooked, frozen, and fresh are the major categories of crayfish in the industry.
The major players in the industry are Riceland Crawfish, Acadia Crawfish Co, LLC, Louisiana Crawfish Company, The Louisiana Seafood Company, Alfocan SA, and Live Aquaponics, among others.
In 2023, the global crayfish market attained a value of USD 19,594 Million.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124