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Crayfish Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025
Crayfish Market Overview
Crayfish Market size is $9.6Bn in 2019, growing at a CAGR of 12.5% during the forecast period 2020-2025. Crayfish are also known as crawdads, crawfish, mountain lobsters, freshwater lobsters, yabbies, or mudbugs. Crayfish are members of the Astacoidea and Parastacoidea superfamilies that live like small lobsters in freshwater crustaceans. Significant growth rates are expected to occur in the crayfish market, owing to the rising food industry and the increasing demand for seafood. The omega-3 fatty acid present in crayfish helps foster mental health and helps to cope with anxiety. In complex food webs, crayfish also act as keystone predators and serve as major conduits of energy and materials. Crayfish, since it contains low fats as well as traces of carbohydrates, acts as a very good ingredient for weight loss. Crayfish helps to keep the diet healthy and nutritious abetting the market’s growth.
Crayfish Market Report Coverage
The report: “Crayfish Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Crayfish Market.
By Type: Red Swamp Crayfish, Ringed Crayfish, Virile Crayfish and Rusty Crayfish.
By Application: Food, Pets and Bait.
By Source: Aquaculture and Wild Fishery.
By End User: Food Services, Retailers, Primary Wholesalers and Consumers.
By Geography: North America, Europe, Asia-Pacific and Rest of the World.
Key Takeaways
- The increase in awareness about the health benefits of seafood consumption especially among youngsters is accelerating the Crayfish demand over the forecast years 2020-2025.
- The increasing demand for processed and packaged crayfish is likely to be the major driving factor for the market’s growth.
- North America region is anticipated to record the fastest growth rate during the forecast period 2020-2025 owing to upsurging demand for seafood and high availability of crayfish across the region.
Crayfish Market Segment Analysis - By Type
In 2019, Red Swamp Crayfish segment dominated the Crayfish Market in terms of revenue is estimated to grow at a CAGR of 13.1% owing towards its production rise in developed countries. In a number of permanent freshwater environments, red swamp crayfish live. These are crustaceans that burrow deep into their habitat's substratum and create large sand and soil mounds called chimneys with a relatively large hole in the center. Lakes, ponds, rivers, and wetlands can easily be dominated by red swamp crayfish. There are omnivorous red swamp crayfish feeding on aquatic plants, snails, insects, fish and amphibian larvae, and young people. They feed heavily on plants, snails, fish, and amphibians, fiercely fighting for food and habitat with native crayfish and other animals assisting towards the growth of the market.
Crayfish Market Segment Analysis - By Geography
In 2019, the Asia-Pacific region dominated Crayfish Market in terms of revenue with a market share of 37% owing towards rising public & private funding for R&D in this region. The rising culinary popularity of crayfish in China has fueled the regional market's demand for crayfish. Crayfish recipes have been enjoyed in various flavors by people, particularly from Mainland China. Increased use of crayfish in soups, tacos, étouffées, bisques, and others aids to the market’s growth. Government has taken initiatives to promote technological advancements and the merger and acquisition among the crayfish manufacturers and end-use industries and high demand for seafood in this region are key factors for the growth of the Crayfish market. North America is expected to record the fastest growth rate during the forecast period 2020-2025 owing to upsurging demand for seafood and high availability of crayfish across the region.
Crayfish Market Drivers
Rising demand for processed and packaged crayfish
Owing to the seasonal supply of live crayfish, the market for processed and packaged crayfish is substantially growing. In contrast to other forms of aquaculture, crayfish have very little flesh, and most crayfish are discarded. They rely more on packaged and processed crayfish as end-consumers find it difficult to deal with the waste that is produced while preparing the crayfish. Among health-conscious individuals, crayfish is becoming popular as it is rich in many vitamins and minerals. Nutritional components such as vitamin B, copper, protein, selenium, zinc, iron, and amino acids are present in cooked crayfish also drives the market’s growth.
Crayfish Market Challenges
Major Regulatory Concerns
Regulatory concerns regarding the product consumption and growing stringent government policy and regulation towards the transportation is restraining growth of the market. The lack of adequate storage facilities, vulnerability to leaching, and transportation are impeding the growth of the market. Large-scale disposal of plastic derivatives is also a growing environmental concern, which over the years has constrained business growth.
Crayfish Industry Outlook
Product Launches, Merger & Acquisition, joint ventures, and R&D activities are key strategies adopted by the players in the Crayfish Industry. Crayfish's top 10 companies include Albion Fisheries Ltd., Cajun Crawfish, K/S Knold's Seafood Ab, Mackay Reef Fish Pty Ltd., Mercator Media Ltd., Ocean Treasure, Seafood Peddler Of Sausalito, Seven Star Ocean Fisheries Ltd., Siam Canadian Group Ltd., and United European Seafood Traders Ltd.
Acquisitions/Product Launches
- In September 2018, Siam Canadian Group Ltd. launched frozen meat business. It offers increased flexibility and expanded capability in reaching more consumers.
- In July 2018, Mercator Media Ltd. acquired Coastlink Network Ltd, a neutral pan-European network committed to the promotion of the shipment of short sea containers and feeder containers and is part of a competitive supply chain.
1. Crayfish Market Overview
1.1 Definitions and Scope
2. Crayfish Market - Executive Summary
2.1 Market Revenue, Market Size, and Key Trends
2.2 Key trends by Type
2.3 Key trends by Application
2.4 Key trends by Source
2.5 Key trends by End User
2.6 Key rends by Geography
3. Crayfish Market
3.1 Market Share Analysis
3.2Comparative Analysis
3.2.1 Product Benchmarking – Key Companies
3.2.2 Patent Analysis
3.2.3 Pricing Analysis
3.2.4 Financial Analysis– Key Companies
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/$Billion)
8.1 Red Swamp Crayfish
8.2 Virile Crayfish
8.3 Ringed Crayfish
8.4 Rusty Crayfish
9. Crayfish Market – By Application (Market Size –$Million/$Billion)
9.1 Food
9.2 Pets
9.3 Bait
10. Crayfish Market – By Source (Market Size –$Million/$Billion)
10.1 Aquaculture
10.2 Wild Fishery
11. Crayfish Market – By End User (Market Size –$Million/$Billion)
11.1 Food Services
11.2 Retailers
11.3 Primary Wholesalers
11.4 Consumers
12. Crayfish Market - By Geography (Market Size –$Million/$Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 U.K.
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Spain
12.2.6 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 India
12.3.3 Japan
12.3.4 South Korea
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 Rest of the World
12.4.1 Middle East
12.4.2 Africa
12.4.3 South America
13. Crayfish Market - Entropy
14. Crayfish Market – Industry/Segment Competition Landscape Premium
14.1 Market Share Analysis
14.1.1 Market Share by Region – Key companies
14.1.2 Market Share by Countries – Key Companies
14.1.3 Best Practices for Companies
15. Crayfish Market – Key Company List by Country Premium Premium
16. Crayfish Market Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global CRAYFISH MARKET BY TYPE Market 2019-2024 ($M)1.1 RED SWAMP CRAYFISH Market 2019-2024 ($M) - Global Industry Research
1.2 VIRILE CRAYFISH Market 2019-2024 ($M) - Global Industry Research
1.3 RINGED CRAYFISH Market 2019-2024 ($M) - Global Industry Research
1.4 RUSTY CRAYFISH Market 2019-2024 ($M) - Global Industry Research
2.Global CRAYFISH MARKET BY TYPE Market 2019-2024 (Volume/Units)
2.1 RED SWAMP CRAYFISH Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 VIRILE CRAYFISH Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 RINGED CRAYFISH Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 RUSTY CRAYFISH Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America CRAYFISH MARKET BY TYPE Market 2019-2024 ($M)
3.1 RED SWAMP CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
3.2 VIRILE CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
3.3 RINGED CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
3.4 RUSTY CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
4.South America CRAYFISH MARKET BY TYPE Market 2019-2024 ($M)
4.1 RED SWAMP CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
4.2 VIRILE CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
4.3 RINGED CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
4.4 RUSTY CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
5.Europe CRAYFISH MARKET BY TYPE Market 2019-2024 ($M)
5.1 RED SWAMP CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
5.2 VIRILE CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
5.3 RINGED CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
5.4 RUSTY CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
6.APAC CRAYFISH MARKET BY TYPE Market 2019-2024 ($M)
6.1 RED SWAMP CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
6.2 VIRILE CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
6.3 RINGED CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
6.4 RUSTY CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
7.MENA CRAYFISH MARKET BY TYPE Market 2019-2024 ($M)
7.1 RED SWAMP CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
7.2 VIRILE CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
7.3 RINGED CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
7.4 RUSTY CRAYFISH Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Crayfish Market Revenue, 2019-2024 ($M)2.Canada Crayfish Market Revenue, 2019-2024 ($M)
3.Mexico Crayfish Market Revenue, 2019-2024 ($M)
4.Brazil Crayfish Market Revenue, 2019-2024 ($M)
5.Argentina Crayfish Market Revenue, 2019-2024 ($M)
6.Peru Crayfish Market Revenue, 2019-2024 ($M)
7.Colombia Crayfish Market Revenue, 2019-2024 ($M)
8.Chile Crayfish Market Revenue, 2019-2024 ($M)
9.Rest of South America Crayfish Market Revenue, 2019-2024 ($M)
10.UK Crayfish Market Revenue, 2019-2024 ($M)
11.Germany Crayfish Market Revenue, 2019-2024 ($M)
12.France Crayfish Market Revenue, 2019-2024 ($M)
13.Italy Crayfish Market Revenue, 2019-2024 ($M)
14.Spain Crayfish Market Revenue, 2019-2024 ($M)
15.Rest of Europe Crayfish Market Revenue, 2019-2024 ($M)
16.China Crayfish Market Revenue, 2019-2024 ($M)
17.India Crayfish Market Revenue, 2019-2024 ($M)
18.Japan Crayfish Market Revenue, 2019-2024 ($M)
19.South Korea Crayfish Market Revenue, 2019-2024 ($M)
20.South Africa Crayfish Market Revenue, 2019-2024 ($M)
21.North America Crayfish By Application
22.South America Crayfish By Application
23.Europe Crayfish By Application
24.APAC Crayfish By Application
25.MENA Crayfish By Application
26.MERCATOR MEDIA LTD, Sales /Revenue, 2015-2018 ($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)