This growth in the mussel market is being driven by advances in aquaculture technology such as advanced sensors, underwater drones, and automated systems.
NEWARK, Del., March 18, 2024 (Globe Newswire) — The mussel market is projected to reach US$3.58 billion in 2024 and US$5.83 billion by 2034. The mussel market is expected to grow rapidly during the forecast period. CAGR is 5.00%. Mussel farming is changing due to advances in aquaculture technology. Advanced sensors, underwater drones, and automated systems refine agricultural practices, increasing yields and sustainability, and reducing environmental impact.
Increasing awareness of the health benefits of consuming mussels has increased their market demand. Mussels are a rich source of protein, omega-3 fatty acids and vitamins, appealing to health-conscious consumers who are transitioning to nutritious and sustainable food options. Manufacturers are expanding their product lines by producing value-added mussel products such as instant meals, flavorful marinades, and gourmet sauces. These creative offers respond to customers' changing needs for convenience, variety and gourmet experiences.
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The mussel market is expanding into new geographic locations due to globalization and increased consumption of seafood. Emerging economies in Asia Pacific and Latin America offer untapped opportunities for expansion by providing access to a diverse customer base with changing interests and preferences.
With growing concerns about environmental degradation and climate change, sustainable practices are becoming increasingly important for mussel producers and consumers. To reduce carbon emissions and protect marine habitats, companies are implementing waste reduction measures, investing in renewable energy sources and practicing environmentally friendly agriculture.
The growth of e-commerce and digital platforms is revolutionizing the distribution and marketing channels of the mussel market. Online marketplaces, direct-to-consumer sales, and digital marketing campaigns allow manufacturers to reach larger audiences and interact with customers in new ways.
Key points from the mussel market:
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India is leading the mussel market, expected to grow at a CAGR of 8.2% by 2034.
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Germany is expected to experience a CAGR of 7.0% by 2034.
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The US is expected to grow rapidly at a CAGR of 4.1% until 2034.
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The traditional segment is expected to hold 76.8% market share until 2024.
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FMI predicts that the refrigeration segment will reach 29.7% market share by 2024.
” Depends on mussel market We focus on sustainable practices and customer needs for freshness, creating profitable prospects even amidst changing culinary trends,” – says Nandini Roy Choudhury, Future Market Insights Client Partner
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How are key players disrupting the mussel market?
In the vast mussel market landscape, important companies are emerging as giants that are shaping the direction of the industry. These industry leaders are well known for their development, distribution, and innovation skills. Their approaches vary, from artisanal fishermen promoting local delicacies to multinational corporations managing global supply networks.
Key stakeholders are working on sustainable technologies to secure the future of aquaculture while meeting consumer needs for traceability and environmental awareness. They dominate shelves and menus around the world thanks to their ability to effectively navigate regulatory systems and markets. Even as the culinary landscape changes, these actors remain important in determining tastes, trends, and the very core of the mussel industry.
Product portfolio:
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Navchetana Kendra Agra has a comprehensive product range that includes high quality organic vegetables, herbal supplements, natural health items and more. Emphasizing total health and well-being, the company's products appeal to discerning consumers seeking nutrition and vitality.
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Clearwater Seafoods offers a variety of sustainably sourced seafood specialties, including high-quality lobster, scallops, and wild-caught fish. Clearwater Seafoods is well known for its commitment to quality and responsible fishing practices, providing great flavor and freshness to seafood lovers around the world.
Recent developments:
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In February 2024, Bioriginal Food & Science Corp. (“Bioriginal”), a wholly owned subsidiary of Cooke Inc., acquired POS Biosciences Corp. (POS) in Saskatoon from Canopy Growth Corp.
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Segmentation Analysis of Mussels Market:
By nature:
By species type:
By product type:
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with shell
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With half shell
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Cooked/Unshelled
By format:
By end use:
By region:
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North America
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latin america
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western europe
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eastern europe
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South Asia and Pacific
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east asia
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middle east and africa
author:
Nandini Roy Choudhury, Food and Beverage Client Partner at Future Market Insights, Inc., has over seven years of management consulting experience. She advises industry leaders and explores hidden opportunities and challenges. She implements processes and operating models to support business objectives.
She has excellent analytical skills and often provides thought leadership.
Nandini has extensive functional expertise in key niche areas including, but not limited to, food ingredients, nutrition and health solutions, animal nutrition, and marine nutrition. She also has expertise in the pharmaceutical, biotech, retail, and chemical sectors, advising market participants to develop methodologies and strategies that deliver results.
Her core expertise is in corporate growth strategy, sales and marketing effectiveness, acquisition and post-merger integration, and cost reduction. Nandini earned her MBA in Finance from MIT School of Business. She also holds a bachelor's degree in electrical engineering from the University of Nagpur, India.
Nandini has written for several publications and has been quoted in magazines such as Beverage Industry, Bloomberg, and Wine Industry Advisor.
Explore FMI's relevant and ongoing coverage in the food and beverage space.
Fish Meal Market: The industry share is estimated to exhibit consistent growth throughout the forecast period and expand at a CAGR of 4.4%. The market value of fishmeal is expected to expand from USD 5,633.51 million in 2024 to USD 8,698.72 million by 2034.
Canned Seafood Market: Estimated to be valued at USD 33.6 billion in 2023. According to analysis by Future Market Insights (FMI), the canned seafood market size is expected to exceed USD 48.2 billion over the next 10 years. Between 2023 and 2033, he
Mussel Extract Market: Size is expected to reach USD 71.3 million in 2032. The mussel extract market is growing rapidly.
Mussel Oil Market: valued at USD 36 million in 2022 and projected to grow at a CAGR of 3% to USD 47.5 million from 2022 to 2032. The growth is believed to be due to increased demand for mussel oil. Diet supplement.
Citrus oil market: estimated to be valued at USD 3.9 billion in 2022. According to Future Market Insights (FMI), the total market valuation is expected to reach US$5.8 billion by 2032.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Winner, Greater New York Chamber of Commerce Member) provides deep insight into the drivers driving market demand. FMI is a leading global provider of market intelligence, advisory services, consulting, and events for the packaging, food and beverage, consumer technology, healthcare, industrial, and chemical markets. With a large team of over 5,000 analysts located around the world, FMI provides global, regional and local expertise on diverse sectors and industry trends in over 110 countries.
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