Bivalve Market Surge: $27.94 Billion Value Expected by 2031, with Oysters and Mussels Leading the Way.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Bivalve Market- (By Species (Clams, Cockles & Arkshells, Mussels, Oysters, Scallops, Pectens Oral)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Bivalve Market is valued at US$ 20.85 Bn in 2022, and it is expected to reach US$ 27.94 Bn by 2031, with a CAGR of 3.4% uring a forecast period of 2023-2031.

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The bivalve mollusk is a type of aquatic invertebrate with two congruent shells. They can be found in both marine and fresh environments. Bivalvian mollusks, also known as Lamellibranchiata and Pelecypoda, have a bivalve shell as a distinguishing feature which consists of two hinged halves, and by their lateral compression. Bivalves are missing some conventional molluscan organs, including a head, radula, and odontophore. Market expansion is being fueled by increased demand for low-calorie foods and the money-saving potential of bivalve. Vegans, widely believed to be the product's principal market expansion engine, promote bivalve.

In addition to being rich in protein, zinc, iron, and vitamin B12, bivalves are a great source of other minerals. Zinc is crucial for a strong immune system, vitamin B12 is needed for normal neuron function, and iron is essential for oxygen transportation. Bivalves are a sustainable food option as they don't require artificial growth promoters or antibiotics during farming. People who care about the influence their diet has on the planet should consider buying them.

The expansion of the market is due to all of these variables in the next years. There will be a favourable effect on the bivalve market from recent developments in packaging technology. Vendors are releasing new bivalve goods in cutting-edge packaging designed to keep them tasting fresh at consumers' front doors. The bivalve market is expected to have substantial revenue expansion during the projected period due to industry participants' development and introduction of more innovative products.

List of Prominent Players in the Bivalve Market:
• France Naissain
• Satmar
• Bang Island Mussels
• Fowey Shellfish Company Ltd
• Menai Oysters Limited
• Inverlussa Marine Services
• Azura Atlantic
• Oceano Fresco, S.A.
• Blue Harvest Fisheries LLC
• Camanchaca SA
• Dongwon Group
• Pacific Seafood Group
• FCF Fishery Co. Ltd.
• Future SeaFoods Inc.
• Glenmar Shellfish Ltd.
• Gortons Inc.
• High Liner Foods Inc.
• Joe Pattis Seafood Co.
• Ocean Choice International
• PEI Mussel King
• Taylor Shellfish Farms Inc.
• Thai Union Group PCL
• The Great Little Harbour Seafood Co.

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Market Dynamics:
Drivers-
The growing demand for bivalves is being fueled by the rise in the elderly population. Digestive problems are more common in older people because of compromised immune systems. Since bivalves and other seafood are less taxing on the digestive system than meat and poultry, they are favoured. Many people over 65, who make up a sizable proportion of the industrialized world's population, choose bivalves as their primary source of daily protein. As a result, the demand for bivalve products is expected to increase in the coming years.

Challenges:
The prime challenge is high cost, strict regulations, Coastal contamination, and a lack of demand, which have caused water quality problems in numerous countries because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the bivalve market. However, the difficulty of complying with regulations is a major barrier to expansion in the bivalve industry, especially for smaller producers. The production and marketing of bivalves can present several difficulties, including the need to adhere to environmental standards, food safety regulations, and other guidelines.

Despite the spread of COVID-19, bivalve farmers continued cultivating their stocks in the water. The United States, China, and Europe were the primary sites of this commerce. Since many producers stopped making their wares because of a manpower shortage, mass production halts, and supply chain disruptions, sales of edible products, including seafood, meat products, and many others, were right on target.

Regional Trends:
The Asia Pacific bivalve market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future because oysters' popularity is rising as people learn about the many ways they may be enjoyed and their positive effects on one's health. Besides, Europe had a considerable share in the market because it is home to a sizable and expanding population, where bivalves are in high demand thanks to rising interest in their nutritional value and widespread use in the region.

Moreover, the occurrence of key market players and the growing cooperation between major players for market penetration in the area enables an opportunity to grow the global bivalve market.

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Recent Developments:
• In March 2023, Cooke Inc. signed a formal purchase agreement to buy Slade Gorton, a major US seafood distributor, importer, and manufacturer. Cooke supplied wholesale and retail customers with superior fresh and frozen fish in every state with a completely vertically integrated seafood harvesting, processing, sales, and distribution network with 4,000 people.
• In Nov 2021, Oceano Fresco, a Portuguese bivalve aquaculture leader, raised €6.1 Bn in Series B funding. Aqua-Spark and Semapa NEXT led this round. Oceano Fresco introduced new technological and commercial advances to the rapidly increasing Blue Economy by cultivating high-quality bivalves using innovative methods and a scientifically sound strategy. Through many funding rounds led by BlueCrow Capital, Oceano Fresco built a cutting-edge Biomarine Centre and hatchery. Oceano Fresco also pioneered the world's first open-sea clam farm in Portugal's Algarve.

Segmentation of Bivalve Market-
By Species -
• Clams
• Cockles & Arkshells
• Mussels
• Oysters
• Scallops
• Pectens Oral
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.