Clams, Cockles, Ark Shells Market Share, Size, Trends, Industry Analysis Report, By Type (Clams, Cockles, and Ark Shells); By Packaging Form; By End-User; By Region; Segment Forecast, 2023 - 2032
- Published Date:Jul-2023
- Pages: 117
- Format: PDF
- Report ID: PM3514
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global clams, cockles, ark shells market was valued at USD 115.05 million in 2022 and is expected to grow at a CAGR of 5.0% during the forecast period. The growing adoption of the product as an alternative to several expensive nutritional products, as it is a rich source of protein, vitamins, minerals, and omega-3 fatty acids, that help in improving heart health, soothing abdominal pain, effectively treating acid refluxes, and also reduce the risk of cancer, which is resulting in significant market expansion across the world. In addition, the significant rise in the number of global trade activities related to thick-shelled seafood and bi-valves variants and rising penetration for the upgradation in the supply chain systems, coupled with the growing product developments and innovations, are likely to foster the demand and market growth.
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For instance, in March 2022, Del Pacifico new farmed shrimp & oysters at the Seafood Expo in North America. With the launch, the company has taken a crucial step towards expanding its aquaculture business to meet the rising demand for the product from the retail and food service market.
Moreover, advancements in the packaging technologies, such as vacuum packaging, active food packaging, and modified atmosphere packaging, help control and preserve the growth of food pathogens in fishery products and also play a crucial role in sustaining the product quality attributes.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the clams, cockles, and ark shells market. The rapid spread of the deadly coronavirus across the globe has forced countries to impose lockdowns and several other restrictions and bans on trade activities, which resulted in the temporary closure of many food service and restaurants, a decline in consumer spending, and high disruptions in the global supply chains, that have led to a significant drop in the product sales during the pandemic.
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Industry Dynamics
Growth Drivers
The growing product demand and consumption across the globe, as they are a good source of minerals, proteins, and vitamins, and the easy availability and accessibility of products across both high-and-low income countries along with the rapid growth in the number of online channels offering products at very competitive price with higher convenience, are the major factors driving the global clams, cockles, ark shells market growth at a rapid pace.
Furthermore, various large companies operating in the market are using technologies like sensors and other monitoring devices to track the health and growth of shellfish, and to ensure that they are being grown in the best optimal conditions, which can improve the quality of the product and reduce the risk of disease outbreaks and give them a competitive advantage ahead of their competitors, are further expected to boost the global market growth in the near future.
Report Segmentation
The market is primarily segmented based on type, packaging form, end-user, and region.
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By Type |
By Packaging Form |
By End-User |
By Region |
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The clams segment is expected to witness the highest growth over the projected period.
The clams segment is projected to grow during the anticipated period because of its rapidly growing popularity as a major ingredient in several Asian dishes and a growing number of consumers opting for these in their daily meals due to their numerous health benefits. Additionally, various economic factors such as income growth and affordability of seafood products are also playing a crucial role in the growth of the segment market as consumer income rises and more consumers can afford seafood.
The cockles segment led the industry market with substantial market share in 2021, which is largely attributed to the large availability of various ingredients, including vitamins, minerals, and protein, which makes them a popular choice among health-conscious consumers along with this, these types of product are also low in fat and calories, due to which, it is gaining significant adoption as a healthier alternative to other protein sources.
The canned segment accounted for the largest market share in 2022
The canned segment garnered the largest share in 2022 and will likely retain its market position throughout the forecast period. The growth of the segment market can be highly attributed to its numerous beneficial characteristics, including high convenience, longer shelf life, easy affordability, and several health benefits, and it further provides a very convenient way for consumers to incorporate these types of nutrients into their diets easily.
The fresh segment is anticipated to exhibit a significant growth rate over the coming years, mainly due to the rising number of consumers becoming more aware of sustainable fishing practices and the constantly growing demand for seafood sourced using sustainable methods. Moreover, growing advancements in packaging technology that have led to the development of innovative packaging solutions that help preserve the freshness and quality of seafood products are also likely to impact the segment market growth positively.
The hypermarkets & supermarkets segment held a significant market revenue share in 2022
The hypermarkets & supermarkets segment held the majority market revenue share in 2022, which is highly attributable to its ability to offer higher convenience to customers by providing a one-stop-shop for all their needs and allowing customers to purchase a variety of seafood products, including clams, cockles, and ark shells, along with other groceries under a single roof. Additionally, these large retailers have the resources to promote and advertise their products through various channels, including television commercials, flyers, and in-store displays, which fuels consumer awareness and gains traction.
The online channels segment is expected to grow at the fastest growth rate over the forecast period, which is mainly driven by a rapid increase in the prevalence of smartphones and easy access to fast internet facilities, along with the exponential emergence of several online shopping platforms and their growing efforts on promoting products with the help of attractive advertisements.
Asia Pacific dominated the global market in 2022
Asia Pacific dominated the global market with the maximum share in 2022 and is expected to maintain its dominance throughout the projected period. The regional market growth can be largely attributed to increased consumer disposable income and rising consumer awareness regarding the health benefits of consuming seafood products, coupled with the drastic increase in consumers, mainly in countries like China, India, and Indonesia.
Europe is anticipated to be the fastest growing region with a healthy CAGR during the anticipated period, owing to rising consumer preference for seafood products and widespread adoption of these food products due to low oil content, which makes them highly suitable for long storage without affecting the product freshness and quality across countries like Germany, UK, Italy, France, and Spain among many others.
Competitive Insight
Some of the major players operating in the global market include Clifton Seafood Company, John Lake Shellfish, Krijn Verwijs Yerseke, PanaPesca USA, Panega Shellfish & Seafood, Penn Cove Shellfish, Seacore Seafood, Van der Lee Seafish, Cape Cod Shellfish, Aqua Blue Seafood, Maruho Nichiro Corporation, Dongwon F&B, and Wellfleet Shellfeet.
Recent Developments
- In January 2022, Upsie Food announced the acquisition of a cell-based lobster startup named “Cultured Decadence.” With this acquisition, the company will also be able to complement Upside’s offerings and expand its product ranges while accelerating research.
- In March 2022, Thai Unicorn Group announced that they had formed a strategic partnership with the Sustainable Fisheries Partnership to improve transparency in the company supply chain while considering or examining the wider impacts on biodiversity. The partnership has been formed to create a responsible seafood business to ensure healthy aquatic and marine environments and a secure seafood supply chain.
Clams, Cockles, Ark Shells Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 120.66 million |
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Revenue forecast in 2032 |
USD 187.67 million |
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CAGR |
5.0% from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
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Segments covered |
By Type, By Packaging Form, By End-User, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Clifton Seafood Company Limited, John Lake Shellfish Limited, Krijn Verwijs Yerseke B.V., PanaPesca USA LLC, Panega Shellfish & Seafood Co. Inc., Penn Cove Shellfish LLC, Seacore Seafood Inc., Van der Lee Seafish B.V., Cape Cod Shellfish and Seafood Co., Aqua Blue Seafood Ltd., Maruho Nichiro Corporation, Mitsubishi Corporation, Dongwon F&B Co., and Wellfleet Shellfeet Company. |
FAQ's
The clams, cockles, ark shells market report covering key segments are type, packaging form, end-user, and region.
Clams, Cockles, Ark Shells Market Size Worth $187.67 million By 2032.
The global clams, cockles, ark shells market is expected to grow at a CAGR of 5.0% during the forecast period.
Asia Pacific is leading the global market.
key driving factors in clams, cockles, ark shells market are increasing penetration of global food trends.
