Shellfish Market Size, Share, Industry Report, Business Opportunities , Growth, Price, Key Players and Forecast 2024-2032

ByIan Bell

Shellfish Market Outlook

The global shellfish market is set for substantial growth, with a projected CAGR of 2.4% between 2024 and 2032, according to the latest report by Expert Market Research (EMR). The market is poised to benefit from evolving consumer preferences, increasing awareness of the nutritional benefits of shellfish, and the expansion of the seafood industry across the globe.

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Market Dynamics

The shellfish market is witnessing a surge in demand attributed to several factors. Consumers are increasingly incorporating shellfish into their diets due to its high protein content, omega-3 fatty acids, and various essential vitamins and minerals. Additionally, the growing trend of dining out, coupled with the popularity of seafood-based cuisines, is contributing to the market’s expansion.

Variety and Versatility

Shellfish, including shrimp, crab, lobster, and mollusks, offer a diverse range of options for consumers. Their versatility in culinary applications, from traditional dishes to innovative recipes, is a significant driver for market growth. The market is not only driven by the demand for fresh or frozen shellfish but also by the increasing popularity of value-added shellfish products.

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Shellfish Market Segmentation

Type:

  • Shrimp
  • Crab
  • Lobster
  • Mollusks (Clams, Oysters, Scallops, and Others)

Form:

  • Fresh
  • Frozen
  • Canned

Distribution Channel:

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

Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Shellfish Market Competitive Landscape

EMR’s report delves into the competitive landscape, providing insights into market shares, key developments, mergers and acquisitions, and strategic initiatives among major companies operating in the global shellfish market. Some of the prominent players featured in the report include:

  • Wellfleet Shellfish Co
  • East Coast Shellfish Growers Association
  • Maruha Nichiro Corporation
  • Bumble Bee Foods, LLC
  • Pacific Seafood Group
  • Sunnyvale Seafood
  • Northeast Seafood
  • Others’

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