According to a research report published by Spherical Insights & Consulting, the Global Molluscs Market Size Expected to Grow from USD 37.65 Billion in 2023 to USD 57.68 Billion by 2033, at a CAGR of 4.36% during the forecast period 2023-2033.

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Molluscs comprise a wide variety of edible shellfish, such as clams, mussels, oysters, and squids, which are appreciated for their succulent taste, protein density, and nutritional value, making them delicious. The increasing global seafood consumption turns molluscs into highly sustainable and protein-rich options. Molluscan products are creeping into more seafood and restaurant menus that offer innovative dishes, catering to shifting consumer needs for variety and health. Growth in demand and consumption of a protein-rich diet rather than high-calorie food products is favorable in propelling the worldwide molluscs market. As low-fat food that can develop muscle and is rich in protein, seafood also contains vitamins, iron, and omega-3 fatty acids that are expected to augment the market further. Adverse health effects have made consumers gain further interest to healthy eating, and also increased interest in food such as molluscs, which are highly regarded to lower significantly the risk position that chronic diseases are postulated to cause through the forecast period. Moreover, high consumption and demand for protein diets and not for high-caloric foods are making the global molluscs market flourish. Seafood is a low-fat, high-protein meal, besides being rich in vitamins, iron, and omega-3 fatty acids; thus, this generated a bargaining power for market growth. However, environmental indicators such as increasing temperatures, sea acidification, and rising sea levels, among others, have negatively impacted aquaculture businesses, including that of the molluscs industry.

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

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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. The growth is attributed to oysters being considered a seafood staple in many cultures around the world. They can be served on half shells fresh, cooked by steaming, roasting, grilling, or frying, and incorporated into soup, stew, and an array of other seafood dishes. Mussels constitute another fast-emerging segment in the marketplace. Ecologically, mussels play a role in most aquatic habitats and serve as a valued food source for humans.

The food service segment has the largest share of the market in 2023.

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 in 2023. The segmental growth is due to oysters being associated with fancy dining and making it to the menu of upscale restaurants and seafood outlets. Abalone, however, has a specified niche in the food service sector due to its very high quality, delicate flavor, and culinary adaptability. Abalone has a considerable tradition in certain Asian cuisines, majorly Chinese and Japanese, but it is also getting some traction among other markets like North America and Europe, getting more and more use in various culinary circles. Gradually over the upcoming years, the food service industry is expected to expand, and this category will mark the way for the growth of the market.

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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 holds the major chunk of the global molluscs market. The countries are generally experiencing an increase in their demand for health-oriented food and also disposable income, which has increased the demand for health and nutrition food products. The rise in fish foods that have higher protein content drives the industry in countries such as China, India, and Japan. Premium quality food products, which are propelled due to their freshness, variety, and convenience in food safety, are expected to spur up market growth during the period of the forecast. Increased acceptance of fish food products in the countries is a driving force for industry expansion in China, India, and Japan, in fact, because of the increasing demand for protein-rich fish food.

Europe is expected to grow at the fastest CAGR of the global molluscs market during the forecast period. It is expected that the market for the coming year will grow faster due to an increase in demand for high-value food products that are fresh, flexible, and easy to consume for food safety. As the awareness of their health benefits becomes widespread, people are increasingly using molluscs products in countries such as Germany, Spain, and Italy, thus driving 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. Major vendors in the global molluscs market are 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 Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

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

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

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About the Spherical Insights & Consulting

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