Crayfish market to grow at a CAGR of 6.48% from 2022 to 2027, Affordable aquaculture methods to boost the market - Technavio

NEW YORK, March 9, 2023 /PRNewswire/ -- According to Technavio, the global crayfish market size is estimated to grow by USD 2,272.09 million from 2022 to 2027. The market is estimated to grow at a CAGR of 6.48% during the forecast period. Moreover, the growth momentum will accelerate. The market is driven by factors such as the growing demand for aquaculture-based fish varieties, affordable aquaculture methods, and the health benefits of crayfish consumption. However, the lack of marketing and capital may impede the growth. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

Affordable aquaculture methods are driving the crayfish market growth. Cultivated forage ponds or double-crop rotation systems, especially in rice fields, are the most common method of crayfish farming. Crayfish farming requires high-quality water and land with a clay content of above 20%. Moreover, appropriate equipment, harvest bait, labor, electricity, and fuel are required for effective farming. The equipment and supplies are locally sourced and, hence, do not need high investments. Such factors are expected to fuel the growth of the market during the forecast period.

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Crayfish market - Segmentation assessment
Segment overview
Technavio has segmented the market based on type (farmed crayfish and wild crayfish) and distribution channel (offline and online). 

• The farmed crayfish segment will account for a significant share of the market's growth during the forecast period. A majority of the crayfish varieties sold in the market are the farmed variety. Some of the most common varieties of farmed crayfish are red swamp crawfish, red claw crayfish, noble crayfish, marron crayfish, and common yabby. The demand for fish protein from aquaculture is increasing globally. Hence, farmers are focusing on farmed crayfish varieties to sustain themselves in the market. These factors will fuel the market growth during the forecast period.

Geography Overview
Based on geography, the global crayfish market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global crayfish market.

• North America is estimated to account for 40% of the growth of the global market during the forecast period. Crayfish farmed in North America are used for domestic as well as international markets. Factors such as technological innovations are driving the growth of the regional market. In addition, the consumption of frozen and processed forms of fish varieties, including crayfish, is increasing in the region. These factors will fuel the growth of the crayfish market in North America during the forecast period.

Insights on the market contribution of various segments, including country- and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a sample report

Crayfish market - Market dynamics

Leading trends influencing the market 

• The growth of organized retailing is an emerging trend in the market.
• Large retail chains such as Walmart, Inc., Costco Wholesale Corp., and Tesco PLC sell different varieties of processed and packaged fish in online and offline stores.
• This, in turn, has increased the sales volumes of processed crustaceans, including crayfish.
• For instance, Walmart offers different crayfish processed varieties, such as tail meat, whole seasoned, frozen cooked, and crayfish balls, through its own brands and other private labels.
• Restaurants and quick-service restaurants (QSRs) in China and the US are also using crayfish in their dishes.
• Such factors are expected to support the growth of the market during the forecast period.

Major challenges hindering the market growth

• The lack of marketing and capital is challenging the market growth.
• Many vendors operating in the market are mid-to small-sized vendors.
• Therefore, they can undertake very limited marketing and promotional activities for their products.
• This leads to low awareness about locally produced crayfish.
• In addition, mid-to-small-sized vendors are unable to increase their production volumes due to lack of capital.
• These factors will further create challenges in the supply of crayfish varieties to consumers.

Insights on market trends & challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) - Request a sample report!

What are the key data covered in this crayfish market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the crayfish market between 2023 and 2027
• Precise estimation of the size of the crayfish market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the crayfish market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of crayfish market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global crayfish market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global crayfish market 2017 - 2021 ($ million)

• 4.2 Types Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Types Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Farmed Crayfish - Market size and forecast 2022-2027
• Exhibit 34: Chart on Farmed Crayfish - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Farmed Crayfish - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Farmed Crayfish - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Farmed Crayfish - Year-over-year growth 2022-2027 (%)

• 6.4 Wild Crayfish - Market size and forecast 2022-2027
• Exhibit 38: Chart on Wild Crayfish - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Wild Crayfish - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Wild Crayfish - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Wild Crayfish - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 46: Chart on Comparison by Distribution Channel
• Exhibit 47: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 48: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 52: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 56: Market opportunity by Distribution Channel ($ million)
• Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Acadia Crawfish Co. LLC 
• Exhibit 111: Acadia Crawfish Co. LLC - Overview
• Exhibit 112: Acadia Crawfish Co. LLC - Product / Service
• Exhibit 113: Acadia Crawfish Co. LLC - Key offerings

• 12.4 Alfocan SA 
• Exhibit 114: Alfocan SA - Overview
• Exhibit 115: Alfocan SA - Product / Service
• Exhibit 116: Alfocan SA - Key offerings

• 12.5 Bocage Crawfish 
• Exhibit 117: Bocage Crawfish - Overview
• Exhibit 118: Bocage Crawfish - Product / Service
• Exhibit 119: Bocage Crawfish - Key offerings

• 12.6 Cajun Crawfish Co. 
• Exhibit 120: Cajun Crawfish Co. - Overview
• Exhibit 121: Cajun Crawfish Co. - Product / Service
• Exhibit 122: Cajun Crawfish Co. - Key offerings

• 12.7 Day Boat Seafood LLC 
• Exhibit 123: Day Boat Seafood LLC - Overview
• Exhibit 124: Day Boat Seafood LLC - Product / Service
• Exhibit 125: Day Boat Seafood LLC - Key offerings

• 12.8 Fruge Seafood Co. 
• Exhibit 126: Fruge Seafood Co. - Overview
• Exhibit 127: Fruge Seafood Co. - Product / Service
• Exhibit 128: Fruge Seafood Co. - Key offerings

• 12.9 Happy Crab Seafood 
• Exhibit 129: Happy Crab Seafood - Overview
• Exhibit 130: Happy Crab Seafood - Product / Service
• Exhibit 131: Happy Crab Seafood - Key offerings

• 12.10 Harlons LA Fish 
• Exhibit 132: Harlons LA Fish - Overview
• Exhibit 133: Harlons LA Fish - Product / Service
• Exhibit 134: Harlons LA Fish - Key offerings

• 12.11 Kenney Seafood 
• Exhibit 135: Kenney Seafood - Overview
• Exhibit 136: Kenney Seafood - Product / Service
• Exhibit 137: Kenney Seafood - Key offerings

• 12.12 Live Aquaponics 
• Exhibit 138: Live Aquaponics - Overview
• Exhibit 139: Live Aquaponics - Product / Service
• Exhibit 140: Live Aquaponics - Key offerings

• 12.13 Louisiana Crawfish Co. 
• Exhibit 141: Louisiana Crawfish Co. - Overview
• Exhibit 142: Louisiana Crawfish Co. - Product / Service
• Exhibit 143: Louisiana Crawfish Co. - Key offerings

• 12.14 Louisiana Seafood Co. 
• Exhibit 144: Louisiana Seafood Co. - Overview
• Exhibit 145: Louisiana Seafood Co. - Product / Service
• Exhibit 146: Louisiana Seafood Co. - Key offerings

• 12.15 Mackay Reef Fish Pty Ltd. 
• Exhibit 147: Mackay Reef Fish Pty Ltd. - Overview
• Exhibit 148: Mackay Reef Fish Pty Ltd. - Product / Service
• Exhibit 149: Mackay Reef Fish Pty Ltd. - Key offerings

• 12.16 Mah Protein Inc. 
• Exhibit 150: Mah Protein Inc. - Overview
• Exhibit 151: Mah Protein Inc. - Product / Service
• Exhibit 152: Mah Protein Inc. - Key offerings

• 12.17 Riceland Crawfish 
• Exhibit 153: Riceland Crawfish - Overview
• Exhibit 154: Riceland Crawfish - Product / Service
• Exhibit 155: Riceland Crawfish - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 156: Inclusions checklist
• Exhibit 157: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 158: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 159: Research methodology
• Exhibit 160: Validation techniques employed for market sizing
• Exhibit 161: Information sources

• 13.5 List of abbreviations 
• Exhibit 162: List of abbreviations

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