MOLLUSCS MARKET SIZE, SHARE, FUTURE TRENDS, 2032

Market Overview:

The global molluscs market size was valued at USD 41.32 billion in 2024. The market is projected to grow from USD 43.05 billion in 2025 to USD 58.23 billion by 2032, exhibiting a CAGR of 4.41% during the forecast period. Asia Pacific dominated the molluscs market with a market share of 60.07% in 2024.

The seafood market is witnessing a strong shift in its customers’ consumption habits due to the increasing consumption of fish and other seafood. In fact, as per industry experts, the global per-capita fish consumption rose from an average 18.67 kilos in 2010 to around 20.45 kilos in 2020-2022. This factor has also increased the demand for other seafood items, such as molluscs to allow customers to explore and experiment with new and unique foods.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Aqunion (Pty) Ltd. (South Africa)
• Abagold Ltd. (South Africa)
• Craig Mostyn Group (Australia)
• Omega Seafood Limited (Australia)
• Glenbeigh Shellfish Limited (Ireland)
• Mida Food Distributors Inc. (Philippines)
• Vilsund Blue A/S (Denmark)
• Southern Ocean Mariculture Pty Ltd. (Australia)
• ITOCHU Corporation (Japan)
• Shingen Foods Co., Ltd. (Japan)

Segmentation:

High Demand in Different Countries Boosts Production of Oysters

Based on type, the market is classified into abalone, mussels, and oysters. The oysters segment is dominating the market as oysters are highly sought after among countries looking for luxury seafood to add to their cuisines.

High Availability of Different Seafood Items to Make Retail Stores Major Distribution Channels

Based on distribution channel, the market is segmented into food service and retail. The food service segment might register the highest CAGR during the forecast period as various types of seafood are readily available in a wide range of retail stores. This eases customers’ access to high-end seafood items.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/molluscs-market-110315

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading types, distribution channels, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Rapid Growth of Food Service Industry to Increase Product Consumption

The foodservice sector, which mainly consists of restaurants and hotels, has witnessed sharp growth in recent years, especially after the COVID-19 pandemic era. As more people have resumed dining out, they are exploring different restaurants and cuisines. This factor is expected to fuel the demand for different types of seafood, including molluscs, which will ultimately boost the market’s growth.

However, environmental challenges, such as climate change and global warming have hindered the production of molluscs, thereby restricting the market’s progress.

Regional Insights:

Rising Volume of Fish Farming Helped Asia Pacific Dominate Global Market

Asia Pacific captured the largest global molluscs market share as the region is witnessing a strong growth in its fish farming volume. As per the data published by the Food and Agriculture Organization (FAO), in 2021, Asia manufactured nearly 89% of the global volume of fish farming in the last two decades. This factor will help the region maintain its dominance in the global market.

Rising sales volume of fish and other seafood products will help Europe record a healthy growth rate in the global market.

Competitive Landscape:

ITOCHU Corporation Leads Market Due to Vast Distribution & Supply Network

ITOCHU Corporation is dominating the molluscs market growth as the company has a vast distribution and supply network. Moreover, it has a strong and varied range of seafood items to offer, helping it retain its dominance in the market.

Notable Industry Development:

October 2023 – Turkish minister İbrahim Yumaklı revealed that Turkey’s Agriculture and Forestry Ministry had launched various initiatives to introduce the concept of oyster farming in the country. Through this move, the country aims to hold a major share of the global aquaculture industry.