Shellfish Market: Strong Momentum and Growth Seen Ahead
The Shellfish Market encompasses the production, distribution, and sale of various types of shellfish, including crustaceans (such as shrimp, crabs, and lobsters) and mollusks (such as clams, oysters, scallops, and mussels). This market includes both wild-caught and farm-raised shellfish, and it serves a wide range of consumers and industries, from individual households to restaurants, food service providers, and food processing companies.
Some of the key players profiled in the study are Asian Seafood Corporation (United States), Sunnyvale Seafood (United States), Northeast Seafood (United States), Domstein AS (Norway), Thai Union Group PLC (Thailand), Young’s Seafood Limited (United Kingdom), East Coast Shellfish Growers Association (United States), Mowi ASA (Norway), Wellfleet Shellfish Company (United States).
According to HTF Market Intelligence, the Global Shellfish market to witness a CAGR of 3.2% during forecast period of 2025-2031. Global Shellfish Market Breakdown by Application (Food & Beverage, Aquaculture, Pharmaceuticals, Cosmetics, Animal Feed) by Type (Oysters, Crabs, Prawns, Lobsters, Shrimp) by Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2020 to 2024E. Currently, market value is pegged at USD 48.1 Billion.
Market Drivers:
- Growing demand for seafood and protein-rich diets
- Rising awareness about health benefits of shellfish
- Expansion of aquaculture and sustainable farming practices
Market Opportunities:
- Development of value-added shellfish products
- Expansion into new geographic markets
- Innovations in sustainable farming and harvesting techniques
Market Challenges:
- Environmental and climate change impacts on shellfish populations
- Stringent regulations and safety standards
- Disease outbreaks and biosecurity issues
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