Bivalve Market Size is valued at USD 20.85 Bn in 2022 and is predicted to reach USD 27.94 Bn by the year 2031 at a 3.4% CAGR during the forecast period for 2023-2031.
Bivalves represent a taxonomic class within the phylum Mollusca, distinguished by their possession of bivalved shells that are often hinged and exhibit bilateral symmetry. The organisms in question are aquatic invertebrates belonging to the phylum Mollusca, characterized by their filter-feeding behaviour and possessing soft anatomical structures.
Clams, oysters, cockles, mussels, scallops, and many other marine and freshwater families are all included in this class. Most of them rely on filtered food only. Bivalves are characterized by their bilateral symmetry, laterally compressed bodies, flattened feet in the shape of a blade, small or absent heads, and lack of a radula.
The market for bivalves is expanding for many reasons. There has been a rise in the number of people looking for bivalves to satisfy their nutritional needs. More and more people are turning to aquaculture to get their bivalves. Developing economies have a growing appetite for bivalves. Invention of cutting-edge uses for and creations involving bivalves. Omega-3 fatty acids, vital for human health and favourable to cardiovascular health, are abundant in bivalves. Over the projected period, the bivalve market's revenue will rise substantially as market players develop and release new products.
However, low demand in many countries, coastal contamination leading to poor water quality, and expanding limits from ocean acidification are only some challenges that mollusk farming must overcome. Despite efforts to expand mussel farming into the open sea, the industry still has high production costs, little output, and mostly serves niche luxury markets. In addition, the lockdown led to a surge in demand for non-food items, including soap, paper towels, and hand sanitiser.
The demand for bivalvia was high before the spread of COVID-19. Farmers of bivalves kept their stock afloat throughout the COVID-19 pandemic, hoping for a favourable trading climate. Due to a shortage of workers, mass production shutdowns, and supply chain disruptions, many manufacturers halted operations, leading to a corresponding increase in demand for food products such as fish, meat, and many others.
Competitive Landscape
Some Major Key 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.
Market Segmentation:
The bivalve market is segmented based on species. According to species, the market is segmented into clams, cockles & ark shells, mussels, oysters, scallops, and pectins.
Based On The Species, The Oyster Bivalve Market Segment Is Accounted As A Major Contributor To The Bivalve Market.
The oyster bivalve category is expected to hold a major global market share in 2022. Due to the major content of omega-3 fatty acids, vitamin C, minerals, zinc, copper, niacin, and riboflavin, oysters help with muscular building, cardiovascular health, bone strength, immunity, and weight loss. Market expansion is fueled by expanding consumer preferences for bivalves and thick-shelled seafood variation and the increasing prevalence of intercontinental food trends. Oysters come in a wide variety, and the ability to guarantee consistent quality is thought to be a major factor in the industry's projected expansion.
Cockles And Ark Shells Segment To Witness Growth At A Rapid Rate.
The cockles & ark shells segment is projected to grow rapidly in the global bivalve market. Cockles and ark shells are a great way to get protein, vitamins, minerals, and omega-3 fatty acids. Therefore, they alleviate acid indigestion, heartburn, and abdominal pain and reduce cancer risks, especially in countries like the US, Germany, the UK, China, and India.
In The Region, The Asia Pacific Bivalve Market Holds A Significant Revenue Share.
The Asia Pacific bivalve market is expected to record the maximum market share in revenue in the near future. It may help to the growing popularity of bivalves as a healthy and sustainable food source, the rising demand for bivalves as a whole food source, the rising popularity of bivalve aquaculture, and the rising need for bivalves in emerging markets all contribute to the high demand for bivalves in the region.
The market's growth is expected to continue during the projected period because of the increased spending on bivalve product initiatives. In addition, Europe is estimated to grow rapidly in the global bivalve market because of increased disposable income, awareness of seafood's health benefits, overall population growth, and rising healthcare expenses.
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.
Bivalve Market Report Scope
|
Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 20.85 Bn |
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Revenue Forecast In 2031 |
USD 27.94 Bn |
|
Growth Rate CAGR |
CAGR of 3.4% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Species |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
France Naissain, Satmar, Bang Island Mussels, Fowey Shellfish Company Ltd, Menai Oysters Limited, Inverlussa Marine Services, Azura Atlantic, and 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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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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