Core Viewpoint - The processing segment is crucial for the value addition in the crayfish industry, with a focus on developing processing and circulation to drive breeding production and dining consumption, forming a preliminary integrated system [1] Summary by Sections Crayfish Processing Industry Overview - The crayfish processing industry has seen significant growth, with processing capacity and volume increasing rapidly in recent years. In 2024, the national crayfish processing volume is projected to be 1.38 million tons, a year-on-year decrease of 1.3%, accounting for 40.1% of the total crayfish production [1][17] - The main processing enterprises are concentrated in traditional crayfish-producing provinces such as Hubei, Hunan, Anhui, Jiangsu, and Jiangxi, which together account for 95.4% of the national processing volume in 2024 [1][17] - Hubei province leads the industry with 168 processing enterprises and a processing volume of 939,600 tons, representing 67.9% of the national total [1][17] Crayfish Breeding Industry Status - Crayfish breeding has expanded significantly, with the breeding area reaching 3.05 million acres and production at 3.4476 million tons in 2024, reflecting year-on-year growth of 3.4% and 9.1% respectively [5][9] - The primary breeding methods include rice-crayfish co-cultivation, pond breeding, and ecological breeding in large water bodies, with rice-crayfish co-cultivation accounting for 85.2% of the breeding area [7] Crayfish Processing Industry Current Status - The processing industry is supported by government policies aimed at enhancing quality, innovation, and brand development. For instance, Hubei's development plan outlines six major goals for the next five years, including maintaining a leading position in processing [13][15] - The average purchase price of crayfish has been declining, from 11-13 RMB per jin in 2022 to 5.5-6.5 RMB per jin in 2024, which has reduced the income for breeders but improved the operational efficiency of processing enterprises [19] Future Trends in Crayfish Processing Industry - The industry is expected to diversify its product offerings with increased R&D investment and innovation, particularly in deep processing products such as chitin, astaxanthin, and medical products [23] - The integration of artificial intelligence and information technology is anticipated to enhance the automation and intelligence levels in the industry, leading to the widespread adoption of smart processing equipment [23]