Bivalvia Market Size, Share, Industry, Forecast and outlook (2024-2031)

Bivalvia Market is segmented By Product Type (Mussels, Scallops, Oysters, Clams, Others), and By Region (North America, South America, Europe, Asia Pacific, Middle East & Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031.

Bivalvia Market Size

The Global Bivalvia Market size reached USD 19,899.7 million in 2022 and is projected to witness lucrative growth by reaching up to USD 25,602.6 million by 2030. The market is growing at a CAGR of 3.2% during the forecast period (2024-2031).

There are many health-promising factors of bivalve due to which it is very beneficial for the aging population as these are rich in protein with low calories and vitamins B12, zinc, magnesium, and heavy metal contamination. The senior citizens constitute a significant portion of the population in the developed world and prefer bivalve to other meat products to include protein in their daily diet and they prefer bivalve and other seafood as they are easy to digest compared to meat and poultry. Varieties of bivalves like clams, mussels, and scallops are popping up everywhere such as oysters and cocktail bars and they have a distinctive and delicious flavor. They are also versatile enough to add pasta, soups, and sauces, meaning there are no excuses when accessing the benefits of bivalves.

Bivalvia Market Scope

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Bivalvia Market Dynamics

Growing Health Consciousness And Innovations In Packaging Are Driving The Growth Of The Bivalvia Market

The rising demand for low-calorie foods, as well as the cost-cutting benefits of using Bivalvia, is driving market growth. In addition, Bivalvia is also recommended by vegans who are thought to be the primary driver of the Bivalvia market expansion. According to OECD data, it is anticipated that overweight and obesity cause an additional 462 million cases of cardiovascular diseases and 212 million new cases of diabetes, leading to a reduction in average life expectancy between 2020 and 2025. This is expected to increase the sales of these products as it is a food with low calories and high protein.

Stringent Regulations Imposed On Bivalves Are Holding Back The Bivalvia Market Growth

Regulatory challenges can be a significant restraint on the growth of the bivalve market, particularly for small-scale producers. These challenges can include compliance with environmental regulations, food safety regulations, and other guidelines related to the production and sale of bivalves. For example, in the United States, the Food and Drug Administration (FDA) regulates the safety of bivalves intended for human consumption. Under the National Shellfish Sanitation Program (NSSP), the FDA sets standards for the harvesting, processing, and distribution of bivalves to ensure they are safe for human consumption.

Bivalvia Market Segment Analysis

The global bivalvia market is segmented based on product type, and region.

The Oysters Segment Accounted For The Highest Share Of The Global Bivalvia Market

Oysters help in enhancing muscle growth, improving overall cardiovascular health, maintaining bone strength, boosting immunity, and promoting weight loss as they are rich sources of omega-3 fatty acids, vitamin C, minerals, zinc, copper, niacin, and riboflavin. The increasing penetration of inter-continental food trends along with the growing inclination towards gourmet seafood cuisines, and rising consumer preferences for bivalves and thick-shelled seafood variants are also propelling the market growth. Many varieties of oysters provide quality assurance which is expected to contribute significantly to the segment's growth.

Source: DataM Intelligence Analysis (2024)

Bivalvia Market Geographical Share

Asia Pacific is Dominating The Global Bivalvia Market During The Forecast Period

APAC is projected to be the dominating region due to the increasing demand for oysters and the increasing demand for its various variants and unique health-promoting benefits are highly in traction in the countries such as China, Japan, and others countries. According to FAIRR in Asia alone new vegetarian and vegan products launched by an increase of 44% since 2019. Obesity and overweight rates in children and adults continue to rise in countries such as South Korea, Japan, and China, owing to which the consumption of Bivalvia has increased as it contains low calories and is rich in protein. For example, according to an Ispos 2020 survey, 19% of adults identified it as their most serious problem.

Source: DataM Intelligence Analysis (2024)

Bivalvia Market Companies

The major global players in the bivalvia market include Blue Harvest Fisheries LLC, Camanchasa SA, Dongwon Group, Pacific Seafood Group, FCF Fishery Co. Ltd., Future SeaFood, Inc., Glenmar Shellfish Ltd., Gortons. Inc., Ocean Choice International, and PEI Mussel King.

COVID-19 Impact on Bivalvia Market

COVID Impact

Due to the lockdown, during the start of 2020, sales of non-edible products such as disinfectants, toilet paper, paper goods, and hand sanitizer were high in demand. Before COVID-19 the bivalvia consumption was in great demand worldwide. During the COVID-19 outbreak, the bivalvia growers kept those in the water hoping for a better trade environment. The trade went off predominantly in the countries such as the United States, China, and the European region. The sales of edible products such as seafood, meat products, and many others were up to the mark as the supply of food products was insufficient, as many of the manufacturers shut operations due to a shortage of labor along with the mass production shutdowns and supply chain disruptions.

Russia-Ukraine War Impact

The conflict has had a significant impact on the seafood industry in the region, including bivalve production and trade. One way in which the conflict has impacted the bivalve market is through disruptions to supply chains. The region around the Black Sea, including Ukraine and Russia, is a significant producer of bivalves such as mussels and oysters. However, the conflict has made it more difficult to transport these products to market, leading to delays and increased costs for producers. 

Key Developments

• In July 2020, Pearlita Foods, a Danish-based startup is developing oyster meat and its mission is to revolutionize the sea's finest foods cleanly and ethically. Due to this, it is developing cell-based oysters.
• In April 2022, as a result of two years of intensive development to bring a new purpose-designed food product Kikkoman launched a 100 percent oyster-flavored product that is 100 percent vegetarian. The research and development teams spread across Japan, Singapore, and India began their work in early 2020, around the time of the onset of the Covid-19 pandemic.

Why Purchase the Report?

• To visualize the global bivalvia market segmentation based on product type and region understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous bivalvia market-level data points all for segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global bivalvia market report would provide approximately 45 tables, 39 figures, and 102 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies