Global Molluscs Market Insights Forecasts to 2033

• The Global Molluscs Market Size was Valued at USD 37.65 Billion in 2023
• The Market Size is Growing at a CAGR of 4.36% from 2023 to 2033
• The Worldwide Molluscs Size is Expected to Reach USD 57.68 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Molluscs Market Size is Anticipated to Exceed USD 57.68 Billion by 2033, Growing at a CAGR of 4.36% from 2023 to 2033.

Market Overview:

Molluscs include a diverse group of shellfish such as clams, mussels, oysters, and squid, which are prized for their rich flavor, high protein content, and nutritional value. As worldwide seafood consumption climbs, molluscs provide a sustainable and protein-rich alternative, with aquaculture playing a critical part in satisfying this need. Restaurants and seafood stores are including a wide range of molluscan products in their menus, appealing to consumers' changing desires for culinary variety and health-conscious options.

Furthermore, rising demand and consumption of protein-rich diets rather than high-calorie food products are driving the worldwide molluscs market. Seafood is a low-fat and high-protein source that might be utilized to develop muscle. It also includes vitamins, iron, and omega-3 fatty acids, which are expected to drive market expansion. In addition, the growing disposable income of consumers and increased inclination toward a healthy lifestyle, which has led to an increase in the consumption of protein-rich foods, are the primary development factors for the market.

Report Coverage:

This research report categorizes the market for the global molluscs market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global molluscs market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global molluscs market.

Driving Factors:

The worldwide food sector has a significant need for molluscs. Growing consumer health concerns have increased the demand for healthy foods and mollusk consumption. This reduces the risk of chronic illnesses, which is expected to fuel market expansion throughout the forecast period. Furthermore, increased demand and consumption of protein-rich diets, rather than high-calorie food products, is propelling the global molluscs market ahead. Seafood is a low-fat, high-protein meal that also includes vitamins, iron, and omega-3 fatty acids, which are predicted to boost market growth.

Restraining Factors:

Environmental indicators such as rising temperatures, ocean acidity, rising sea levels, and others have had a harmful impact on the aquaculture business, especially the molluscs industry.

Market Segmentation:

The global molluscs market share is classified into type and distribution channel.

• The oyster segment has the highest share of the market over the forecast period.

Based on the type, the global molluscs market is categorized into abalone, mussels, and oysters. Among these, the oyster segment has the highest share of the market over the forecast period. This segment's domination is due to high production volume and growing demand for oysters from various places throughout the world. Oysters are widely appreciated as a seafood delicacy in many cultures across the world. They can be eaten fresh on the half-shell, steamed, roasted, grilled, fried, or cooked into soups, stews, and seafood platters. Mussels are the fastest-growing section of the market. Mussels have an important ecological role in aquatic habitats and provide a valuable food source for humans.

• The food service segment has the largest share of the market.

Based on the distribution channel, the global molluscs market is categorized as food service and retail. Among these, the food service segment has the largest share of the market. Oysters are usually linked with upmarket dining and are frequently included on the menus of high-end restaurants and seafood outlets. They are considered a luxury or gourmet option, attracting customers ready to pay a premium. Abalone, on the other hand, has a unique niche in the food service sector due to its high quality, delicate flavor, and culinary adaptability. While abalone has long been popular in Asian cuisines, notably Chinese and Japanese, it has gained popularity in other markets such as North America and Europe, extending its presence in a variety of culinary contexts. With the food service industry likely to expand gradually in the future years, this category is well positioned to drive market expansion.

Regional Segment Analysis of the Global Molluscs Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific is projected to hold the largest share of the global molluscs market over the forecast period.

Asia-Pacific is projected to hold the largest share of the global molluscs market over the forecast period. Asia-Pacific dominates the worldwide molluscs market. This might be due to growing consumer interest in a healthy lifestyle and rising disposable income, which drives up demand for healthy and nutritious food items. Rising demand for protein-rich fish food items is driving industry expansion in nations such as China, India, and Japan. Rising demand for premium-quality food items due to their freshness, variety, and convenience for food safety is expected to fuel market growth over the forecast period. The growing consumption of fish food products in nations such as China, India, and Japan, driven by rising demand for protein-rich fish foods, is fueling industry expansion in this area. The manufacturing of molluscs product has increased, particularly in China and India, which have a large market base for culinary products.

Europe region is also expected to fastest CAGR growth during the forecast period. The market is expected to grow at a quicker rate as demand for high-quality food items rises due to increasing freshness, variety, and simplicity of use for food safety. Mollusk products are increasingly popular in countries such as Germany, Spain, and Italy as the general public becomes more aware of their health benefits, which is fuelling the growth of the molluscs market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global molluscs market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies:

• 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
• Others

Key Market Developments:

• In May 2024, ARC Restaurant, a downtown luxury restaurant in Vancouver, announced the temporary installation of an oyster and wine bar inside its famous Chef's Bench.

• In February 2024, Blue Oyster Environmental (BOE), is a vertically integrated oyster enterprise dedicated to reestablishing the eastern oyster as a key species in the Chesapeake Bay environment.

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