Mussel Market Segmented by Form (Half Shell and Whole/Intact) | Type (Blue Mussel, Green Mussel, Brown Mussel)
The global mussel market is forecasted to expand at a CAGR of 3.4% and increase from its current size of US$ 5.36 Bn to US$ 7.47 Bn by the end of 2032. China, Spain, South Korea, and France are major markets for mussels. However, Latin America also holds a significant share of the global market.
Global consumption of mussels is pegged at 2,055,702 tons in 2022 and is expected to rise at a CAGR of 2.7% to reach 2,688,613 tons by 2032. The mussel market has shown decent growth in recent years and this trend is likely to continue over the forecast period of 2022-2032 as well.
Mussels are increasingly becoming popular due to their nutritional content and multiple methods of cooking and consumption. They are easy to prepare and consume with cooking methods being as simple as steaming. With the increase in home cooking habits, seafood and mussel sales have seen a sharp incline. Mussels are present in the market in the form of either half-shell or whole/intact. The whole shell segment holds a majority of the market share across regions.
Global rise in the consumption of mussels can be due to rising income and rapid urbanization in developing countries, as well as fast-expanding food processing and supply chain companies in Asia & Pacific and other developing areas. The analgesic and anti-inflammatory effect of mussels in the treatment of arthritis, joint pain, and asthma, along with the high content of omega-3, account for major usage across the world.
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Key Takeaways from Market Study
“Increasing food service industry penetration in countries such as China, South Korea, and others is a potential growth factor for the mussel market. The market is estimated to witness high demand from the foodservice and retail sectors. With increasing nutrient loss in conventional foods, superfoods such as mussels will be a critical deciding factor in the market,” says a Persistence Market Research Analyst.
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Competitive Landscape
Companies involved in the cultivation and farming of mussels are investing heavily in research & development and aiming to increase their footprint across the world. They are also trying to shift to sustainable aquaculture to increase their production with high convenience for customers and survive the cut-throat competition.
Key Players:
The report has profiled some of the Important players prevalent in the global like – American Mussel Harvesters, Inc.,Atlantic Aqua Farms,BLUE OCEAN MUSSELS,Camanchaca S.A.,Kingsun Foods Co.,Ltd,Kush Shellfish,Open Ocean – Whakatohea Mussels Opotiki Ltd.,Pacific Seafood Group and more.
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Jun 25, 2023