#LAMEA Molluscs Market

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Molluscs Market Trends and Forecast From USD 58.42 Billion in 2021 to USD 93.14 Billion by 2030

Molluscs Market Overview

The global Molluscs Market Size was valued at USD 58.42 Billion in 2021 and is projected to reach from USD XX Billion billion in 2022 to USD 93.14 Billion by 2030, growing at a CAGR of 5.32% during the forecast period.

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Molluscs Market Report Scope and Research Methodology

The Molluscs Market is thoroughly examined using primary and secondary sources of information. Direct information collection from surveys, interviews, and focus groups with important stakeholders—such as manufacturers, end users, and industry professionals—is known as primary research. This methodology facilitates the acquisition of significant insights into consumer behavior, market trends, and particular industry difficulties. Assessing the existing state of the market, identifying new trends, and getting firsthand information from people who work directly in the sector all depend on primary research. The use of several data triangulation techniques guarantees accurate market size estimates and forecasts.

The Molluscs Market's research strategy blends qualitative and quantitative methods. The market size and growth estimates are among the important findings of the report's thorough examination of the sector. The market is thoroughly examined at the national, regional, and international levels, providing a detailed understanding of the dynamics of the industry.

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Molluscs Market Regional Insights

Regional analysis is conducted to assess the status of the Molluscs Market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Molluscs Market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

Molluscs Market Segmentation

By Species

Crassostrea

Ruditapes

Philippinarum

Scallops

Others

By Form

Frozen

Canned

By Distribution Channel

Hypermarkets and Supermarkets

Convenience Store

Online

Others

Molluscs Market Key Players

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

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Key questions answered in the Molluscs Market are:

What are the upcoming industry applications and trends for the Molluscs Market?

What segments are covered in the Molluscs Market?

Who are the leading companies and what are their portfolios in Molluscs Market? 

What segments are covered in the Molluscs Market?

Who are the key players in the Molluscs Market?

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Seafood Market Insights, Current And Future Market Trends & Forecast Till 2027

The GMI Research forecasts that the seafood market is witnessing an upsurge in demand over the forecast period. This is mainly due to the drastically changing lifestyle of the consumers and increasing awareness of the health benefits regarding seafood.

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Top Manufacturers in the Seafood Market:

·        Pacific American Fish Company, Inc.

·        NISSUI

·        GRUPO NUEVA PESCANOVA

·        Mowi

·        Royal Greenland Seafood A/S

·        Thai Union Group PCL

·        LEE FISHING

·        Trident Seafoods Corporation

·        SeaPak Shrimp & Seafood Company

·        The Phillips Family

Seafood Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The drastically changing lifestyle of the consumers and increasing awareness of the health benefits regarding seafood are the major factors surging the growth of the seafood market size. Non-vegetarian consumers are usually changing their lifestyles and are shifting towards pescetarianism. Pescetarianism refers to staying vegetarian and continue consuming seafood in the diet which does not involve any meat such as poultry, beef, pork, and others. Meat and meat-related products often contain harmful chemicals and pesticides, due to which the consumers are shifting their preference towards a healthy diet pattern. This factor is further enhancing the demand for seafood among the consumers during the forecast period. According to seafood market report, rising consumer awareness regarding the living conditions of the cattle in farms has led to a change in the preference of non-vegetarians to pescetarianism, thereby fuelling the growth of the seafood market.

The strong demand for fat-free proteinaceous food and growing innovations and variations in seafood dishes are some other factors driving the growth of the seafood market worldwide. Several seafood restaurants are focusing on providing exotic seafood options like Fisheries Innovation in Scotland and Miya's in the US. These types of restaurants & seafood service suppliers focus on significant seafood options, including tilapia and catfish. All these factors are energizing the market growth. On the other edge of the spectrum, the factors hindering the growth of the market include the increasing diseases while growing and processing seafood, the decreasing sea species, less shelf life of the product, and government regulations on growing and packaging of seafood.

Regional Drivers

Based on the region, the Asia-Pacific region is projected to grow at a higher CAGR during the forecast period. This is attributed to the rising disposable income, and the growing number of fast-food restaurants that serve fish will fuel the market growth. The rising demand for online food delivery through mobile apps is further elevating growth opportunities for restaurants worldwide, thereby improving sales channel and revenue growth. The developing economies such as China and India are becoming the hub for popular fish-related cuisines across the world.

Seafood Market Segmentation:

Segmentation by Product Type:

·        Fishes

o   Salmon

o   Tuna

o   Pollock

o   Others

·        Crustaceans

o   Crabs

o   Shrimps

o   Prawns

o   Others

·        Molluscs

o   Scallops

o   Oysters

o   Others

·        Others

Segmentation by Product Format:

·        Fresh & Live

·        Frozen

·        Canned

·        Chilled

Segmentation by

Distribution Channel:

·        Supermarkets & Hypermarkets

·        Convenience Stores

·        Speciality Stores

·        Online Retail

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research's extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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Aquafeed Market Growth Factors, Segmentation, Analysis and Forecast to 2022 by Top Key Players

Aquafeed market Report, published by Allied Market Research, forecasts that the global market is expected to garner $156 billion by 2022, registering a CAGR of 13.3% during the period 2016-2022. Fish and molluscs end use segment accounted for more than three fourth of the total aquafeed consumption. Total consumption of China and Indonesia was about 75% of the Asia-Pacific aquafeed market in 2015.

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Aquafeed is a compounded meal that consists of various raw materials and additives, which provides nourishment and enhances overall growth & productivity of aquatic animals. The global aquafeed market is expected to grow at a considerable rate due to rising seafood consumption, increasing consumer concerns and regulatory pressure to maintain high quality of fishes to avoid any outbreak of diseases (salmonella, botulism, melioidosis). Rising commercialization of seafood across rural and urban regions are expected to further boost the market growth. However, factors such as increasing raw material prices (fish meal, fish oil, wheat barley including others) and stringent regulatory structures formulated for manufacturing aquafeed additives, would hinder the market growth.

The key players operating in the market include:

AllerAqua A/S

Cargill Inc.

Beneo GmbH

Biomar A/S

Avanti Feeds Ltd

Alltech Inc.

Biomin GmbH

Charoen Pokphand Foods Public Company Limited

Nutreco N.V.

Coppens International B.V.

Amino acids and vitamins segments accounted over a one thirds of the aquafeed additive market in 2015. Amino acids play an important in the development of nutrition and metabolism of aquatic animals, and hence this trend is projected to continue in the future.

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Key findings of Aquafeed Market:

Crustaceans is projected to be the fastest growing segment in global aquafeed market registering a CAGR of 13.7% (value terms) during 2016 and 2022.

Amino acid is projected to be the fastest growing additive segment in aquafeed additives market registering a CAGR of 7.9%.

Carps held 39.9% market share in the fish segment in 2015, in terms of volume.

Asia-Pacific is projected to occupy the highest market share with a CAGR of 13.1%.

China would continue to lead the aquafeed market at a CAGR of 12.3%.

Brazil held more than half of the market share in the LAMEA region in 2015, whereas South Africa intends to grow at a CAGR of 14.1% during the period under consideration.

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