Rising Demand for High Protein Diets to Drive Shellfish Market Growth at 5% CAGR: Fact.MR Study


Rising demand and consumption of high protein diets instead of high calorie food products is propelling the growth of the global shellfish market. Seafood is a low-fat and rich source of protein, which is used for muscle building, and also contains ingredients such as vitamins, iron, and omega-3 fatty acids, which anticipate market growth.

Seoul, South Korea, June 28, 2022 (GLOBE NEWSWIRE) — USA, Rockville MD: The molluscs market is expected to register a CAGR of 5% gaining a market value of US$106.04 billion in 2032 from US$65.1 billion in 2022. The increase shellfish demand is due to valuable sources of protein for human consumption, which has anticipated the growth of this segment over the forecast period. Rising population coupled with increasing per capita seafood consumption globally are the major drivers of the market.

In the coming years, the size of the industry is expected to increase owing to the increasing investment in new player entry, R&D activities, product innovation, efficient resource allocation, technological breakthroughs and growing competition among rivals to expand its customer base as well. as a regional base.

For critical information on molluscs Market, demand a Sample report

The Asia-Pacific region is making the largest contribution to the global shellfish market due to increased consumer inclination towards healthy lifestyle and increasing disposable income.

Key factors driving the growth of the molluscs market

Growing demand for high protein diets to drive the market

Rising demand and consumption of high protein diets instead of high calorie food products is propelling the growth of the global shellfish market. Seafood is a low-fat and rich source of protein, which is used for building muscle, and it also contains ingredients such as vitamins, iron and omega-3 fatty acidthat anticipate market growth.

In addition to this, the growing demand for processed seafood is also driving the market growth over the forecast period.

The growing production of aquaculture fish in developing economies like China, India, and Japan is the main driver of the market. In addition, the increase in consumers’ disposable income and the growing inclination towards a healthy lifestyle, which has led to an increase in the consumption of protein-rich foodsare the major drivers of market growth in recent years.

Rising demand for premium food products owing to freshness, product diversity and convenience for food safety is expected to drive the market growth over the forecast period.

To learn more about molluscs Market, you can contact our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7472

Key segments covered by the molluscs Industry survey

Competitive landscape

The molluscs market is growing rapidly thanks to the innovations undertaken by the major players in the market. Market growth is also attributed to increased product innovation and product launches across the globe.

The major players in the global molluscs market are Maruha Nichiro Corporation, Nireus Aquaculture SA, Cermaq ASA, Eastern Fish Company, Cooke Aquaculture Inc., Tassal Group Ltd., Blue Ridge Aquaculture,selonda Aquaculture SA, Ulka Seafoods Pvt. Ltd., and Avla Nettos Exports, among others. Some of the recent developments in the shellfish market are:

  • In June 2021, Maruha Nichiro Corporation accepted and signed an agreement to acquire shares of Marine Access Corporation (Marine Access) from NIPPON ACCESS, INC (NIPPON ACCESS). Following this acquisition, Marine Access became part of the Maruha Nichiro Group. As part of the acquisition, the companies launched a diverse range of marine products based on a highly coherent business strategy, from raw material sourcing to finished product sales, with the aim of “extending the value chain of marine products in Japan and overseas”.

  • In March 2022, Blue Harvest Fisheries introduced its new premium branded retail line in Booth 2105 at Seafood Expo North America in Boston, Massachusetts. The new product line will include locally harvested and processed MSC-certified sea scallops, Atlantic pollock (saithe), North Atlantic perch (Acadian redfish) and haddock, all frozen for added freshness and available in a convenient 16 oz. resealable bags.

Get customization on shellfish market Report for specific search solutions

The key players in the molluscs Market

Main takeaways from molluscs Market research

  • The global shellfish market will decline by 1.6x from 2022 to 2032

  • Asia-Pacific dominates the market with a 60% market share.

  • Europe is the fastest growing shellfish market and is expected to grow at a CAGR of 5.9%.

  • The Crassostrea segment contributes the largest market share of more than 28%.

  • The frozen segment is expected to hold the largest market share of over 54%.

  • Hypermarket and supermarket chains are expected to acquire a share of more than 40%.

Knowledge of Fact.MR domain in food and drinks Division

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced food and beverage team help customers around the world meet their unique business intelligence needs.

With a repository of over a thousand reports and over a million data points, the team has analyzed the food and beverage industry in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.

Explore Fact.MR’s Food & Beverage Coverage –

soybean oil market– Global soybean oil sales are expected to increase moderately in 2021 with sales of just over 57 million tons in 2020. While Fact.MR still expects the soybean oil market increases slightly, however, the decade compound annual growth rate (CAGR) remains positive at 5%.

rapeseed oil market– Rapeseed oil sales are expected to be valued at nearly US$17 billion by 2021. Long-term projections look more positive, the rapeseed oil market will reach US$32 billion, with a growing at a CAGR exceeding 6% from 2020 to 2031.

energy drink market– The global demand for energy drinks will increase positively in 2021, exceeding US$35 billion. Driven by rise in health consciousness, along with changes in consumer lifestyle and increased awareness of health and wellness products, the market is expected to register growth at a CAGR of around 8% by 2031.

sports nutrition market– The global sports nutrition market report indicates that global sports nutrition sales grew year-on-year (YoY) by 5.3% in 2021. Fact.MR estimates that the market for sports nutrition accounted for US$15.8 billion in 2021, and is expected to see a significant CAGR of 7.9% over the decade.

snack marketGlobal demand for snacks is expected to proliferate at a CAGR of 6.5% from 2021 to 2031, according to a study recently published by Fact.MR. By the end of the aforementioned forecast period, the market is expected to be valued at US$751 billion as consumers shift towards consuming organic snacks. By the end of 2021, demand for snacks is expected to reach US$400 billion.

palm oil marketThe size of the global palm oil market in 2022 is expected to exceed nearly US$33 billion. According to the report, palm oil market revenues are expected to grow 1.5 times to nearly US$50 billion by 2031, growing at a compound annual growth rate (CAGR) of nearly 5%. .

commercial seaweed market– The global seaweed market was worth over US$10 billion in 2020 and is expected to exceed US$15 billion by the end of forecast period (2021-2031). Extensive applications of seaweed in pharmaceuticals, nutraceuticals, antimicrobials, and biotechnology applications are majorly driving the growth in the market.

CBD gummies market– Fact.MR – a market research and competitive intelligence provider – expects the global CBD gum market to grow exponentially at a prolific CAGR of 28% throughout the forecast period 2021 -2031. The increase in efforts to legalize cannabis for recreational and medical purposes acts as the major driver for market growth.

In-flight catering market– The global in-flight catering market to exceed a valuation of approximately USD 7.3 billion by 2021, and it is expected to reach USD 13.7 billion by 2031, registering a CAGR of 6.5% during the forecast period 2021-2031.

non-alcoholic beer market– The non-alcoholic beer industry is expected to experience tremendous growth, expected to exceed US$28 billion by 2031, growing at a compound annual growth rate (CAGR) of 7% over a decade.

About Us:
Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide range – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.

Mahendra Singh
USA Sales Office:
11140 Rockville Pike
Office 400
Rockville, MD 20852
E-mail: [email protected]
Tel: +1 (628) 251-1583
Follow us: LinkedIn | Twitter

Comments are closed.