This is a Skywalker Sound sound effect, created by Randy Thom, and it was not only debuted in Howard the Duck (1986), but also used for a giant colo clawfish in Star Wars: Episode I - The Phantom Menace (1999). The first part was like a rare version of Hollywoodedge, Leopard Snarl Inhale AT012202, but only in higher volume.
Links:
https://soundeffects.fandom.com/wiki/SKYWALKER,_ROAR_-_COLO_CLAWFISH_GROWL#Audio_Samples
SKYWALKER, ROAR - COLO CLAWFISH GROWL has been suggested to play 2 roles. Click below to see other actors suggested for each role, and vote for who you think would play the role best.