Molluscs Market Size Worth $99.32 Billion By 2032 | CAGR: 4.6%

Molluscs Market Size Worth $99.32 Billion By 2032 | CAGR: 4.6%

The molluscs market size is expected to reach USD 99.32 billion by 2032, according to a new study by Polaris Market Research. The report “Molluscs Market Share, Size, Trends, Industry Analysis Report, By Species (Crassostrea Molluscs, Ruditapes Philippinarum Molluscs, Scallop Molluscs, and Others); By Form; By Distribution Channel; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is driven by the demand and consumption of protein-rich diets instead of high-calorie food items. Seafood has minerals, including vitamins, iron, and omega-3 fatty acids. Moreover, a high-protein, the low-fat diet used to build muscles is predicted to increase consumer demand for molluscs. Molluscs have strong demand in emerging South Asian nations, particularly among the neo-urban middle class with high disposable income. The young population of Asia has significant out-dining desires to satisfy their food experiences, including seafood.

The surge in Pescetariarism, changing human lifestyle, and associated health benefits of seafood have raised its demand in the processed seafood sector. With the help of several corporate players, suppliers, and online aggregators, fast-mile delivery entities have also spurred the adoption of the product in metro cities.

The growing aquaculture fish output in developing countries is the main factor driving the market. The demand for molluscs as a food item in the seafood sector is increasing due to their nutritional benefits. They are recognized as good sources of minerals, fats, and proteins. Besides fats & proteins, molluscs have a substantial quantity of vitamins & minerals. Molluscs have high food conversion efficiency and produce negligible greenhouse gas emissions, while less water is required. Thus, molluscs contribute positively to the environment, food, and health.

Consumers' need for healthful, nutrient-rich, and protein-rich foods has greatly increased demand for frozen fish products. Additionally, the market is expected to develop during the forecast period due to the rising demand for processed and packaged fish products globally.

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Molluscs belong to a lower trophic level, a species present in polyculture, which is growing in popularity among major participants and providing more lucrative chances for important players in the industry.  Consuming molluscs will lower the risk of developing chronic diseases, which is anticipated to fuel market expansion over the forecast period.

Molluscs Market Report Highlights

  • Crassostrea category has account for largest revenue share over forecasted period owing to its high popularity and the advancements in its production with better machinery.
  • Frozen segment expected to grow at the highest rate over the study period, owing to increased urbanization, strong online aggregators, demand from retail channels
  • Asia Pacific garnered the largest revenue share. This is brought on by customers' rising propensity to lead healthy lifestyles and their rising disposable income.
  • The global players include Maruha Nichiro Corporation, Nireus Aquaculture, Cermaq, and Eastern Fish Company.

Polaris Market Research has segmented the molluscs market report based on species, form, distribution channel, and region:

Molluscs, Species Outlook (Revenue - USD Billion, 2019 - 2032)

  • Crassostrea Molluscs
  • Ruditapes Philippinarum Molluscs
  • Scallop Molluscs
  • Others

Molluscs, Form Outlook (Revenue - USD Billion, 2019 - 2032)

  • Frozen
  • Canned

Molluscs, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online Channels
  • Others

      Molluscs, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa