Global Shellfish Market Trends and Regional Segmentation: CAGR is Projected to Reach 4.57% from 2024 to 2029

Global Shellfish Market Overview

According to Global Market Monitor, the global shellfish market size is $65.54 billion in 2024 with a CAGR of 4.57% from 2024 to 2029.Shellfish include various species of mollusks, crustaceans, and echinoderms. Most kinds of shellfish are harvested from saltwater environments, and some kinds are found in freshwater.

Market Trends

Packed with healthy fats, lean protein, and minerals, regular consumption of shellfish can boost immunity, aid weight loss, and improve brain and heart health. Shellfish can be divided into two groups - mollusks (scallops, clams, mussels, and oysters) and crustaceans (crayfish, shrimp, lobsters, and crabs). Shellfish can be found in restaurants and grocery stores around the world, however, some regions are known for specific species. For example, lobster is popular in the northeastern United States, while shrimp is more popular in the southern United States. Most shellfish is eaten baked, fried, or steamed. Oysters and clams purchased can also be partially cooked or eaten raw. Factors such as population growth, increasing disposable income, and cultural and trade changes are expected to drive the global shellfish market growth.

As shellfish is mainly produced in coastal areas, the preservation of shellfish is important for consumers in inland areas, and the frozen shellfish market is growing as consumer preferences change and the demand for convenience foods increases. Frozen shellfish is expected to be one of the major trends in the market.

Regional Markets

There are many consumers of shellfish (scallops, oysters, mussels, cuttlefish, clams, etc.) in China, making it an attractive market for exporters. Shellfish such as oysters, scallops, and mussels are considered high-end nutritious seafood worldwide. As China's middle class grows, Chinese customers increasingly demand seafood. Therefore, the Chinese seafood import market is growing rapidly.

Europe is the main consumer market for shellfish. In European countries, such as France, Italy, Spain, and other countries, the consumption of shellfish is very large. Many shellfish in these countries are imported from other countries.

According to the British Shellfish Association, shellfish accounts for nearly 50% of the total value of seafood landed in the UK. The trend toward healthy snacks has led manufacturers to expand their product portfolios with shellfish snacks that can be eaten on the go.

Market Trends	The growth in people’s income and health awareness
	Frozen shellfish are expected to be one of the main trends in the market.
	New shellfish snack foods will provide opportunities for the market.
	The impact of some shellfish on the human body has become a challenge in the market.

For more industry information, please refer to our latest released "2023 Global Shellfish Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".