Report ID: SQMIG30I2163
Report ID:
SQMIG30I2163 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
61 |
Figures:
77
North America dominates the Global Shellfish Market followed by Europe, Asia Pacific, South America, and Africa. Due to the rising acceptance of diets high in protein throughout the continent, North America is predicted to experience significant growth. The East Coast Shellfish Grower's Association reported in February 2020 that over the previous five years, oyster output on the US East coast had doubled. The growing popularity of ready-to-cook foods has fueled the expansion of the frozen seafood and shellfish industries. The expansion of the market in the area is greatly attributed to well-established distribution channels and the rise of internet sales.
Due to the region's thriving foodservice industry, Asia Pacific is predicted to experience promising growth. The popularity of eating in cafés, bars, and restaurants has sparked the introduction of new products including shrimp cocktails and shellfish appetizers. The region's expanding supply network also supports the growth of the shellfish market in the Asia Pacific region.
Europe is predicted to experience positive growth because of increasing seafood intake to lower the risk of cardiovascular disease Shellfish are more popular with consumers due to their high polyunsaturated fatty acid content. Shellfish make up almost half of the value of all seafood landed in the UK, according to the Shellfish Association Great Britain. Shellfish snacks that can be enjoyed on the go have been added to the product line by producers in response to the demand for healthy snacking.
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REQUEST FREE CUSTOMIZATIONShellfish Market size was valued at USD 59670 million in 2019 and is poised to grow from USD 61447.1 million in 2023 to USD 73430 million by 2031, growing at a CAGR of 3% in the forecast period (2024-2031).
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Report ID: SQMIG30I2163