The Booming Crawfish Market
According to the China Fisheries Association, China alone produced upwards of 1.3 TRILLION TONS of crawfishes in 2019. This has boosted their economy and fed millions of people.
Accordingly to various sources, the global crayfish market size will further expand by USD10.32 billion at a CAGR of 16% over the forecast period of 2021-2026.
With the rise of the world’s middle class, a tasty crustacean such as crawfish commands an extremely high demand.
Why People Love Crawfish
Crawfish has a higher level of protein compared to most fishes and shrimps. it is rich in EPA and DHA calcium, potassium and phosphorus. it also contains more iron and zinc than normal shrimp.
Seafood has a high proportion of polyunsaturated fatty acids, while crawfish has 15 fatty acids, among which 43% are unsaturated fatty acids.
Demand for crawfish knows no bounds
Chinese dinners dig in as the dish soars in popularity.
“Crawfish-related industries, including farming, processing and catering, saw output rocket by about 83 percent year-on-year to reach 268.5 billion yuan ($40 billion) last year. Crawfish catering alone generated about 200 billion yuan.” – China Daily, 2018