"Market Intelligence that Adds Flavour to Your Success"

Shellfish Market Size, Share & Industry Analysis, By Type (Oysters, Crabs, Prawns, Lobsters, Shrimp, Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104377 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global shellfish market is exhibiting strong growth on account of the rising demand for essential fatty acids and proteins in consumer diets. Shellfish are shell-bearing aquatic animals consumed as an important source of dietary proteins and polyunsaturated fatty acids, omega-3, and omega-6. The modern-day hectic lifestyle of consumers has contributed to the increased prevalence of lifestyle-related health conditions such as diabetes, obesity, and cardiovascular diseases. The increasing demand for protein-rich foods to reduce the risk of the aforementioned health conditions drives the growth of the shellfish industry.


The other key factor fuelling market growth is the growing consumer interest in gourmet and regional ethnic foods. Shellfish is the most important part of the diets of coastal populations. The rising popularity of Japanese sushi that uses raw shellfish as an important ingredient positively impacts the demand for shellfish in the foodservice sector. The emerging trend of raw bars serving shellfish has also contributed to the sales growth. The increasing popularity of prepared meal kits, grab and go foods and the healthy snacking trend is expected to drive the demand for frozen shellfish in foreseeable years.

The reduced leisure time due to the busy work schedules of consumers across the globe has contributed to the rising prevalence of nutrient deficiencies and obesity-related health disorders. Consumers are rapidly shifting their dietary preferences to reduce the risk of such deficiencies. The growing popularity of keto, atkins and other protein-centric diets primarily drives the demand for protein rich foods such as shellfish. Furthermore, the higher content of polyunsaturated fatty acids in shellfish fuels their demand among consumers. The expansion of the foodservice sector and the rising culture of dining out positively affects the growth of the market. Cafes, restaurants, and raw bars offer innovative seafood appetizers including shellfish to attract more consumer base. The emerging categories such as packaged shellfish snacks and ready-to-cook frozen meals are anticipated to drive the market growth in forthcoming years.

Up Arrow

Key Market Driver -

Rising Demand for Seafood due to its high Protein Content

Down Arrow

Key Market Restraint -

Emergence of Plant-based Seafood Imitations


The emerging trend of plant-based foods as consumers incline towards healthy and sustainable food choices has necessitated food manufacturers to innovate plant-based seafood alternatives. The trend of veganism and vegetarianism is also driven by rising animal welfare concerns. However, consumers look for food options which fulfill their cravings for seafoods. The increasing activities to develop innovative plant-based or vegan seafood alternatives by manufacturers primarily hamper the growth of the global shellfish market.

Key Players Covered:



  • Wellfleet Shellfleet Company, Inc.

  • East Coast Shellfish Grower’s Association, Inc.

  • The Van Cleve Seafood Company

  • Young’s Seafood Limited

  • Maruha Nichiro Corporation

  • Thai Union Group Co. Ltd.

  • Mowi Harvest ASA

  • Mitsubishi Corporation

  • Dongwon F & B Co.


Segmentation:


Oysters are expected to witness strong sales performance owing to their rising popularity across the foodservice sector. The trend of eating oysters straight from shell has contributed to their increasing sales in cafes, restaurants, and bars. The rising demand for oysters is also attributed to the consumer knowledge that consumption of oysters helps reduce blood cholesterol reducing the risk of cardiovascular disorders. Other shellfish such as crab and prawns are also gaining popularity among consumers due to their high protein content. The increasing inclusion of shellfish in high-protein and low-carb diets is expected to fuel the growth of the market.

The supermarkets and hypermarkets segment is projected to witness robust growth owing to the availability of a wide variety of products and purchase convenience in these types of sales channels. Specific aisles are allocated for products in such stores providing a plethora of options to consumers. The discounts and offers launched by these mass merchandisers are also expected to boost their sales performance. Online retail is an emerging sector expected to exhibit promising growth in foreseeable years on account of the easy purchase and home delivery options.

Regional Analysis:


North America is expected to witness substantial growth owing to the increasing popularity of protein-rich diets in the region. In February 2020, the East Coast Shellfish Grower’s Association estimated that the oyster production doubled on the US East coast over the past five years. The rising trend of ready-to-cook foods has fuelled the growth of the frozen seafood sector including shellfish. Well-established distribution channels and the growth of online sales heavily contribute to the growth of the market in the region.

Europe is anticipated to exhibit promising growth attributed to the increasing consumption of seafood to reduce the risk of heart diseases. The high content of polyunsaturated fatty acids in shellfish has increased their demand for consumers. According to the Shellfish Association Great Britain, shellfish contribute nearly 50% of the total value of seafood landed in the UK. The trend of healthy snacking has led manufacturers to expand the product portfolio with shellfish snacks that can be consumed on-the-go.

Asia Pacific is projected to exhibit promising growth owing to the booming foodservice sector in the region. The emerging culture of dining in cafes, bars, and restaurants has led the product innovations such as shellfish appetizers and shrimp cocktail. The strengthening supply chain in the region also fuels the growth of the market in Asia Pacific.

To gain extensive insights into the market, Request for Customization


SHELLFISH MARKET SEGMENTATION ANALYSIS:






















 ATTRIBUTE

  Details

By Type



  • Oysters

  • Crabs

  • Prawns

  • Lobsters

  • Shrimp

  • Others (mussels, scallops, crayfish, clams)



By Distribution Channel



  • Supermarkets/Hypermarkets

  • Convenience Stores

  • Specialty Stores

  • Online Retail



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In February 2018, The Van Cleve Seafood Company launched a new crab product that comes in heat-and-pour pouch. This spiced crab product enables the company to capitalise on the growing demand for ready-to-eat seafood.

  • In November 2017, Young’s Seafood Ltd. launched three new shellfish lines in United Kingdom to cater to strengthen into the growing category of frozen seasfood.               





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Food & Beverages Clients
Mckinsey
Health Canada
Bunge
Fresenius
Nissin
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X