PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1891517
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1891517
The global molluscs market is witnessing steady expansion, supported by rising seafood consumption, growth in aquaculture, and increasing demand for premium and protein-rich food products. In 2024, the global molluscs market size was valued at USD 41.32 billion. The market is projected to grow to USD 43.05 billion in 2025 and further reach USD 58.23 billion by 2032, indicating consistent demand growth during the forecast period.
Molluscs, including oysters, mussels, and abalone, play a vital role in global seafood consumption due to their nutritional value, versatility in culinary applications, and premium positioning in many markets. These products are widely consumed across households, food service establishments, and high-end restaurants, making them an important segment within the global seafood industry.
In 2024, Asia Pacific dominated the global molluscs market, accounting for 60.07% of the total market share, with a regional market size of USD 24.82 billion. The region's dominance is driven by strong aquaculture output, cultural dietary preferences, high population density, and extensive seafood consumption across countries such as China, Japan, and Southeast Asian nations.
Market Drivers and Growth Dynamics
The global molluscs market is supported by rising per capita seafood consumption and expanding aquaculture production. Global fish consumption increased from 18.67 kg per capita in 2010 to around 20.45 kg during 2020-2022, highlighting a long-term shift toward protein-rich diets. Molluscs have benefited from this trend due to their high nutritional content, including omega-3 fatty acids, vitamins, iron, and minerals.
Another major growth factor is the substantial expansion of the aquaculture industry. In 2022, aquaculture production surpassed capture fisheries for the first time, accounting for 51% of total seafood production. Molluscs are among the most farmed species due to their relatively low feed requirements and adaptability to controlled environments. According to the FAO, aquaculture production of molluscs spans across more than 76 countries, ensuring stable supply and supporting global market growth.
The rapid growth of the food service industry has also contributed significantly to market expansion. Molluscs are widely used in fine dining, casual restaurants, and fusion cuisines due to their premium appeal and culinary versatility. Post-pandemic recovery in the food service sector has restored demand from restaurants and hospitality establishments, reinforcing market momentum.
Impact of COVID-19
The COVID-19 pandemic significantly disrupted the global molluscs market by affecting supply chains, production, and consumer confidence. China, the world's largest producer and consumer of molluscs, experienced major disruptions as the pandemic initially emerged from a seafood market. These events temporarily altered consumption patterns despite no evidence of aquatic products transmitting the virus. While the market faced short-term challenges, diversification of sales channels and adaptation by producers helped stabilize demand. Restoring consumer trust in seafood safety remains critical for sustained market growth.
Market Trends
A key trend shaping the molluscs market is the rising consumption of prepared, packaged, and premium seafood products. Production of processed and packaged seafood increased from 56.26 million tons in 2011 to 62.92 million tons in 2021, reflecting growing demand for convenience foods. Premium molluscs such as abalone and oysters are increasingly featured in luxury dining experiences, supported by rising disposable incomes and changing lifestyle preferences.
By type, oysters dominated the global molluscs market in 2024 and are expected to remain the fastest-growing segment. Oysters are widely consumed across diverse cuisines and are highly valued for their premium status. Mussels represent the second-largest segment, supported by strong aquaculture initiatives and widespread culinary use. Abalone remains a niche yet high-value segment, particularly popular in Asian markets.
By distribution channel, the retail segment held a dominant share in 2024, driven by widespread household consumption and availability of fresh, frozen, canned, and value-added products. Meanwhile, the food service segment is projected to register the fastest growth, supported by premium dining, expanding restaurant chains, and rising demand for gourmet seafood.
While Asia Pacific leads the global market, North America remains a major importer and consumer of molluscs. The U.S. molluscs market is projected to reach USD 5.31 billion by 2032, supported by high purchasing power and expanding sustainable aquaculture. Europe continues to show stable demand, with Spain and Italy being key markets for premium seafood. South America benefits from strong aquaculture production in Chile and Peru, while Middle East & Africa are investing in oyster farming to reduce import dependence and ensure supply sustainability.
Competitive Landscape
The global molluscs market features companies such as ITOCHU Corporation, Abagold Ltd., Aqunion, Craig Mostyn Group, Vilsund Blue, and Southern Ocean Mariculture, focusing on sustainable practices, product innovation, and geographic expansion. Ongoing investments in aquaculture technology and premium product offerings are expected to shape competition through 2032.
Segmentation By Type
By Distribution Channel
By Region