Press release
Molluscs Market to Surge with 5% CAGR, Projected to Hit US$ 122.76 Billion by 2035: Fact.MR Report
Molluscs Market
During the year 2024, the worldwide molluscs business underwent extreme changes based on climatic challenges along with a change in consumers' behaviour. Climate conditions exerted a serious burden on mollusc farming.
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Market Analysis
The molluscs sector is driven by increasing seafood consumption, increasing demand for high-protein food, and new developments in aquaculture based on sustainable approaches. Successful players are aquaculture firms venturing into climate-resilient farming and seafood distributors benefiting from overseas demand, while traditional fisheries employing traditional techniques might be undermined. Long-term success relies on sustainability, good governance, and technical innovation in cultivation and supply chain management.
Country-wise Analysis
The country's strong seafood appetite, expanding interest in sustainable aquaculture, and rising seafood specialist restaurant chains are driving growth.
Brexit has rearranged the seafood trade sector, influencing mollusc exports and imports. Home demand remains firm, yet stringent post-Brexit trading regulations have caused problems for suppliers. The U.K. aquaculture sector is steadily expanding, with a rising focus on sustainability.
Germany's increasing demand for seafood, driven by a health-conscious growing population, drives molluscs industry growth. Even though the country imports most of its molluscs, retail and restaurant markets for high-end seafood are in good demand. Sustainability certification schemes such as MSC and ASC play a role in influencing consumers' purchasing decisions. Online delivery of seafood is becoming popular, and e-commerce sites are emerging as primary distribution channels.
France remains a principal industry for molluscs owing to its established seafood culture. Oysters, mussels, and scallops are widely consumed, particularly in the coastal regions.
China is the largest seafood consumer and producer globally, dominating the molluscs industry. Increasing disposable incomes and urbanization propel premium seafood product demand, including abalone, scallops, and clams.
Segmentation-wise Analysis
By Species
Demand for Crassostrea molluscs is likely to increase gradually because of the growing consumer demand for nutrient-dense seafood, resulting in a CAGR of 6.5% during 2025-2035. Therefore, the CAGR for this segment is likely to reach 7.2%, as eco-friendly aquaculture practices boost supply chain efficiencies to make Rudi tapes philippinarum molluscs popular.
By Form
This segment will be the market-leading segment in the global molluscs industry because of its increased shelf life and consistent demand for ready-to-cook seafood, and it will be growing at a CAGR of 7.1% during the forecasting period.
By Distribution Channel
Among the sales channels, supermarkets and hypermarkets are anticipated to lead with a market share of more than 39% in molluscs sales due to customers' preference for a single shop for fresh and frozen seafood, hence resulting in a CAGR of 6.7% during 2035.
Competitive Landscape
The world molluscs industry is highly fragmented, leading to a competitive environment as there are plenty of players available. Key players are consolidating their industry positions through competitive pricing, product innovation, strategic partnerships and expansion to new geographies. These strategies are intended to build supply on time to supply growing global demand for molluscan and associated products.
ADAMA Ltd. Acquisitions Figure 5. ADAMA Ltd. Acquisitions in Past 10 Years 2 December 2022: ADAMA Ltd. announced acquiring AgriNova New Zealand Ltd., and with this, its product list and presence will grow even more within the industry in New Zealand. ADAMA introduced Gusto IRON, ferric-phosphate molluscicide for slugs, to the United Kingdom in June 2020.
Market Share Analysis
China still leads the world molluscs industry with a market share of around 58-60%, fueled mainly by its huge production of squid, octopus, and shellfish
Thailand accounts for around 8-9% of the industry, with major strengths in squid and cuttlefish exports
Vietnam has around 6-7% industry share, increasing strength in clam and oyster production
Spain holds around 5-6% of the world industry, spearheading European mollusc production with major mussel farming activity
Chile has about 4-5% industry, highly dominant in the scallop market
Japan has about 3-4% industry concentrated on high-value species such as abalone and specialty oysters
The United States contributes about 3-4% of world mollusc production, with oyster and clam strength
The rest of the 10-12% is shared across nations such as South Korea, Italy, France, and New Zealand
The Asia-Pacific region combined has more than 70% of the world molluscs industry
Wild-harvested molluscs make up around 40% of the business, with farm-grown production holding 60% and expanding still
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Key Companies
Maruha Nichiro Corporation
Nireus Aquaculture S.A.
Cermaq ASA
Eastern Fish Company
Cooke Aquaculture Inc.
Tassal Group Ltd.
Blue Ridge Aquaculture
Selonda Aquaculture S.A.
Ulka Seafoods Pvt. Ltd.
Avla Nettos Exports
Aqunion (Pty) Ltd.
Abagold Ltd.
Craig Mostyn Group
Omega Seafood Limited
Glenbeigh Shellfish Limited
Mida Food Distributors Inc.
Vilsund Blue A/S
Southern Ocean Mariculture Pty Ltd.
ITOCHU Corporation
Shingen Foods Co., Ltd.
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