Global Oyster And Clam Market Size, Share, Opportunities, And Trends By Type (Oyster, Clam), By Form (Fresh, Frozen, Canned, Others), By End-User (Foodservice, Retail, Industrial Application), And By Geography - Forecasts From 2024 To 2029

Oysters and clams are known to be a type of shellfish that are commonly found in aquacultures. They are a type of mollusc variety of shellfish that are known to provide a wide range of benefits. Oysters are known to be high in protein and low in calories, providing a good source of protein to the diet. They are also known to be rich in zinc, with just one 3-ounce serving more than double the daily recommended intake of zinc for adults. Zinc is known for playing a crucial role in the immune system of the human body and has been shown to reduce the duration of the common cold when consumed as a supplement during the early stages.

Introduction:

The global oyster and clam market is expected to witness significant growth during the forecasted period of 2024-2029 due to various factors, such as the increasing number of health-conscious consumers in the market. This further increases the health awareness of shellfish and increases the consumption of shellfish, which is further influenced by the increasing global population and increase in food demands.

Market Drivers:

• Benefits: Oysters, clams, mussels, and scallops are known to be molluscs with a wide range of benefits that benefit the human body. Molluscs are a type of shellfish that consists of a hard exterior shell and fish inhabiting the insides of the shell. The other type of shellfish is known as crustaceans, which are commonly known to have jointed legs, segmented bones, and hard, chitinous shells. Some crustacean varieties include lobster, shrimp, crab, and crayfish. Shellfish is known to provide a wide range of health benefits to the human body. Owing to the increase in the number of health-conscious consumers in the market, the demand for shellfish will be expected to display an increase, due to the increasing awareness of the benefits acquirable from shellfish. Some of the benefits are as follows:
• Heart Health: Shellfish are known to contain omega-3 fatty acids, which are known to improve cardiovascular health. It has been found that men who have consumed more than 7 ounces of shellfish per week are 59% less likely to die of a heart attack when compared to men who have consumed less than 1.74 ounces per week (as per a study conducted by the Association of Accredited Naturopathic Medical Colleges).
• Immunity Booster: Shellfish are known to be an excellent source of zinc, which is known to increase the development of immune-defence cells in the human body. Zinc deficiency is known to cause a decrease in the activity of natural killer (NK) cells, which are essential for combating diseases entering the body.
• Enhanced Brain Function: The omega-3 fatty acids and vitamin B-12 that are found in shellfish are known to provide enhanced brain activity, effectively promoting brain health and the efficacy of the human brain.
• Increasing seafood consumption: The global increase in seafood consumption can be linked to the increase in global population, influencing the growth of food demand throughout the world. For instance, as per Seafish.org, the total UK Seafood consumption as of 2021 accounted for a total of 156.60g/ person/ week. The seafood consumption in the home displayed an increase from 145.70g/ person/ week in 2019 to 153.24g/ person/ week in 2021. This increase in consumption of seafood, which includes the mollusc variety of shellfish such as oysters and clams.

The United Nations states that the global population is expected to increase from 8 billion people in November 2022 to 9.7 billion people in 2050. This increase in population can also increase the demand for food globally, driving the growth in the consumption of seafood as well. This will further drive the global oyster and clam market growth during the forecasted period.

Key Players:

• High Liner Foods: A Canadian company that is known for the processing and marketing of frozen seafood products, with a wide range of product portfolio, which includes breaded and battered items and seafood entrees.
• Pacific Seafood: A seafood company that is known for managing entire supply chains, which range from fishing and harvesting to processing, distribution, and product development.

Regional Analysis:

The Asia Pacific region is expected to witness significant growth in the oyster and clam market during the forecasted period of 2024-2029. The increasing consumption of shellfish drives the oyster and clam market growth in the region. Maldives, China, and South Korea contribute to the high rate of consumption of shellfish in the region, which includes crustaceans and molluscs. The Asia Pacific region houses the largest population in comparison to the rest of the world.

Furthermore, the increase in the population of the region will drive the demand for food, which includes all types of foods, such as cereal and seafood. As per the UNFPA, the Asia and the Pacific region is home to 60% of the world's total population as of 2022, which accounts for approximately 4.3 billion people. The increase in global population will drive the growth of seafood consumption as well, with the Asia Pacific being the lead contributor globally. As per ourworldindata.org, the top leaders in fish and seafood consumption per capita consist of the Maldives, China, and South Korea, which account for an estimated 87.30kg, 65.79kg, and 54.66kg, respectively.

The high relevance of seafood consumption, which includes shellfish such as oysters and clams, makes the Asia Pacific the leading region in the global oyster and clam market during the forecasted period due to the increase in regional population, further influencing the increase in food demand.

Segmentation:

• By Type:
  • Oyster
  • Clam
• By Form:
  • Fresh
  • Frozen
  • Canned
  • Others
• By End-User:
  • Foodservice
  • Retail
  • Industrial Application
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others