What is the global market size of the Molluscs Market?

Global Molluscs Market size was valued at USD 60.72 billion in 2021 and is poised to grow from USD 63.45 billion in 2022 to USD 90.24 billion by 2030, at a CAGR of 4.5% during the forecast period (2023-2030).

Global Molluscs Market Size, Share, Growth Analysis, By Species(Crassostrea, Ruditapes Philippinarum), By Form(Frozen and Canned), By Distribution Channel(Supermarkets/Hypermarkets, Convenience Stores) - Industry Forecast 2024-2031

Report ID: SQMIG30I2316 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 88 | Figures: 76

Global Molluscs Market Dynamics

Global Molluscs Market Drivers

Change in Dietary Preferences

The global demand for molluscs is on the rise due to increasing populations and changing dietary preferences. The molluscs market has a high potential for growth due to the increasing demand for seafood in developing countries.

Global Molluscs Market Restraints

High Costs

Mollusc farming can be expensive due to the cost of equipment, labor, and land. This can make it difficult for small-scale farmers to enter the market, limiting the overall supply of molluscs.

Global Molluscs Market Report Snapshots

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Global Molluscs Market size was valued at around USD 63.45 billion in 2022 and is expected to rise from USD 66.31 billion in 2023 to reach a value of USD 94.29 billion by 2031, at a CAGR of 4.5% during the forecast period (2024–2031).

The global molluscs market is highly fragmented in nature owing to the presence of numerous small and large players operating in the market. These companies operate across the entire supply chain of the molluscs market, from farming and harvesting to processing and distribution, and compete based on factors such as product quality, price, distribution channels, and customer service. 'Blue Sea Food Company', 'Crown Seafood', 'Dongwon Industries', 'Farallon Aquaculture', 'Groupe Krief Group', 'International Pacific Seafoods', 'Kyokuyo Co. Ltd.', 'Nippon Suisan Kaisha (Nissui)', 'Pacific Seafood Group', 'PanaPesca USA', 'Quin-Sea Fisheries', 'Seacore Seafood Inc.', 'Seattle Fish Company', 'Southern Cross Seafood Exchange', 'Sterling Seafood Corp.', 'Tampa Bay Fisheries', 'Thai Union Group', 'Trident Seafoods Corporation', 'United European Seafood Traders Ltd.', 'Zeal Aqua'

The global demand for molluscs is on the rise due to increasing populations and changing dietary preferences. The molluscs market has a high potential for growth due to the increasing demand for seafood in developing countries.

Increasing Demand for Sustainable and Traceable Seafood: Consumers are becoming more aware of the environmental and social impact of the food they consume, and as a result, there is growing demand for sustainable and traceable seafood products. This trend is driving the adoption of sustainable farming practices and certifications, such as the Aquaculture Stewardship Council (ASC) and the Marine Stewardship Council (MSC).

In 2022, Asia Pacific contributed the most—more than 60%—to the global molluscs market. This can be due to consumers' increased predisposition for living healthy lifestyles and rising disposable money, which will in turn feed demand for meals that are nutritious and wholesome. Due to the expanding need for fish food products that are high in protein, nations like China, India, and Japan are consuming more fish food products, which is fueling industrial expansion in this area. This has further demonstrated an increase in the manufacturing of mollusk goods, particularly in China and India, which have sizable consumer bases for food products.

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Global Molluscs Market Size, Share, Growth Analysis, By Species(Crassostrea, Ruditapes Philippinarum), By Form(Frozen and Canned), By Distribution Channel(Supermarkets/Hypermarkets, Convenience Stores) - Industry Forecast 2024-2031

Global Molluscs Market Dynamics

Global Molluscs Market Report Snapshots

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