Global Molluscs Market Size To Worth USD 57.68 Billion By 2033 | CAGR of 4.36%
Category: Food & BeveragesGlobal Molluscs Market Size To Worth USD 57.68 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Molluscs Market Size is to Grow from USD 37.65 Billion in 2023 to USD 57.68 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.36% during the projected period.
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Browse key industry insights spread across 224 pages with 108 Market data tables and figures & charts from the report on the "Global Molluscs Market Size, Share, and COVID-19 Impact Analysis, By Type (Abalone, Mussels, and Oysters), By Distribution Channel (Food Service and Retail), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/molluscs-market
Molluscs are a varied category of shellfish that includes clams, mussels, oysters, and squid. They are regarded for their rich flavor, high protein content, and nutritional value. As global seafood consumption rises, mollusks provide a sustainable and protein-rich alternative, with aquaculture playing an important role in meeting this need. Restaurants and seafood stores are including a diverse range of molluscan products in their menus, catering to consumers' evolving preferences for culinary variety and health-conscious alternatives. Additionally, increased demand and consumption of protein-rich diets, rather than high-calorie food products, is propelling the global molluscs market. Seafood is a low-fat, high-protein source that may be used to build muscle. It also contains vitamins, iron, and omega-3 fatty acids, which are projected to fuel market growth. However, the sudden climate changes could restrict growth of the market.
The oyster segment holds the largest market share over the projection period.
Based on the type, the global molluscs market is divided into abalone, mussels, and oysters. Among these, the oyster segment holds the largest market share over the projection period. This segment's dominance is attributable to strong production volume and rising demand for oysters from throughout the world. Oysters are popular as a seafood dish in many civilizations across the world. They can be eaten raw on the half-shell, steamed, roasted, grilled, fried, or made into soups, stews, and seafood platters. Mussels are the fastest-growing segment of the market. Mussels have a vital ecological role in aquatic settings and are a significant source of food for people.
The food service category dominates the market during the forecast period.
Based on the distribution channel, the global molluscs market is divided food service, retail. Among these, the food service category dominates the market during the forecast period. Oysters are typically associated with upscale eating, and they are regularly included on the menus of high-end restaurants and seafood stores. They are viewed as a luxury or gourmet alternative, attracting clients willing to spend a premium. Abalone, on the other hand, occupies a distinct position in the food service industry due to its excellent quality, delicate flavor, and culinary versatility. While abalone has long been popular in Asian cuisines, particularly Chinese and Japanese, it has acquired favor in other countries such as North America and Europe, expanding its presence in a wide range of culinary contexts. With the food service industry expected to progressively develop in the next years, this category is well-positioned to drive market growth.
Asia-Pacific is having the biggest share of the global molluscs market over the forecast period.
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Asia-Pacific controls the global mollusk market. This might be attributed to increased consumer interest in a healthy lifestyle and rising disposable income, which increases demand for healthy and nutritious food items. Rising demand for protein-rich fish foods is propelling industry growth in countries like China, India, and Japan. Rising demand for high-quality food items due to their freshness, variety, and food safety convenience is likely to drive market expansion over the forecast period. Growing consumption of fish food products in countries such as China, India, and Japan, driven by increased demand for protein-rich fish meals, is propelling industrial growth in this sector.
Europe is predicted to grow fastest pace throughout the forecast period. The market is predicted to develop faster as demand for high-quality food items grows due to increased freshness, variety, and ease of use in terms of food safety. Molluscs products are becoming increasingly popular in countries like as Germany, Spain, and Italy as the general public becomes more aware of their health advantages, fuelling the molluscs market's rise.
Major vendors in the global molluscs market include Eastern Fish Company, Cooke Aquaculture Inc, Tassal Group Ltd, Blue Ridge Aquaculture, Selonda Aquaculture S.A, Ulka Seafoods Pvt. Ltd, Avla Nettos Exports, Maruha Nichiro Corporation, Nireus Aquaculture S.A, Cermaq ASA, Aqunion, Abagold Ltd, Craig Mostyn Group, Omega Seafood Limited, Blue Oyster Environmental, and Others.
Recent Developments
- In May 2024, ARC Restaurant, a downtown luxury restaurant in Vancouver, announced the temporary construction of an oyster and wine bar within its renowned Chef's Bench.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global molluscs market based on the below-mentioned segments:
Global Molluscs Market, By Type
- Abalone
- Mussels
- Oysters
Global Molluscs Market, By Distribution Channel
- Food Service
- Retail
Global Molluscs Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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