[FURL=https://www.industryarc.com/Research/Crayfish-Market-Research-507371?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Crayfish market[/FURL] 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.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.
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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
Growing Awareness about Health Benefits of Crayfish
Market Landscape
The Crayfish Market, top 10 companies are Albion Fisheries Ltd., Cajun Crawfish, Mackay Reef Fish Pty Ltd., Riceland Crawfish, Acadia Crawfish Co, LLC, Louisiana Crawfish Company, The Louisiana Seafood Company, Alfocan SA, Live Aquaponics, Seven Star Ocean Fisheries Ltd.
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