Global Bivalvia Market - 2023-2030

Global Bivalvia Market - 2023-2030

Market Overview

The global bivalvia market US$ 19,899.7 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 25,602.6 million by 2030. The market is growing at a CAGR of 3.2% during the forecast period (2023-2030).

Bivalves are a popular food source due to their high nutritional value and delicious taste. They are rich in protein, vitamins, and minerals, and are a good source of omega-3 fatty acids. Rising consumer consciousness towards the consumption of nutritional food items, changing tastes and preferences towards veganism growing focus on innovations by the food and beverages sector is boosting the growth of the market. The increase in the number of consumers consuming bivalve and its innovative flavor and varied products makes it more versatile for instance bubble tea, milkshakes, smoothies, frozen yogurts, cake topping, and others which are propelling the market growth.

Market Dynamics

Growing Preference For Multiple Protein Sources In The Sports Nutrition Industry Is Anticipated To Drive The Bivalvia Market Growth

The market is expanding because of the increased demand for low-calorie foods and the advantages of utilizing Bivalvia in terms of cost savings. Vegans, who are regarded to be the main force behind the growth of the Bivalvia market, also endorse the drug. According to OECD data, it is predicted that being overweight and obese will result in 462 million additional cases of cardiovascular illnesses and 212 million new cases of diabetes between 2020 and 2025, resulting in a decline in the average life expectancy. Given that it is a food with low calories and high protein, this is anticipated to increase sales of these products.

The Growing Interest In High-End Culinary Experiences Is Expected To Fuel The Bivalvia Market Growth

There has been a growing trend toward luxury dining experiences, particularly among affluent consumers. This trend is driven by a desire for unique, high-quality meals that offer a memorable dining experience. Seafood is becoming an increasingly popular menu item at high-end restaurants, particularly those that focus on sustainable and locally sourced ingredients. Bivalvia offers a unique flavor profile that can help to differentiate high-end dishes from other menu items. Chefs can experiment with different cooking techniques and flavors to create new and interesting dishes using bivalvia.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

COVID-19 Impact

The lockdown caused a spike in sales of non-edible items including hand sanitizer, toilet paper, and paper goods at the beginning of 2020. Worldwide demand for Bivalvia consumption was high before COVID-19. Shutting down of supermarkets and shops due to COVID-19 lockdown restrictions which have significantly impacted product revenues. Some of the other reasons which led to a decrease in sales of Bivalvia food during the pandemic are the high dependence on self-made food due to the fear of the COVID-19 virus and lockdown which forced people not to move out of their houses.

Russia-Ukraine War Impact

The region's seafood economy, notably the commerce and production of bivalve shellfish, has been significantly impacted by the conflict. Supply chain problems are one way the violence has affected the bivalvia industry. A notable producer of bivalves like mussels and oysters is the area surrounding the Black Sea, which includes Russia and Ukraine. Transporting these goods to market has become more challenging due to the violence, though, which has caused delays and raised production costs.

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

According to a report by the Food and Agriculture Organization of the United Nations, global oyster production increased by 2.4% from 2014 to 2018, driven by increasing demand for oysters as is gourmet food and a growing awareness of their health benefits. Oysters are a rich source of vitamins, minerals, and omega-3 fatty acids, making them a popular food choice for health-conscious consumers. Oysters are a popular menu item in high-end restaurants, where they are often served raw or lightly cooked as part of a raw bar offering.

Geographical Analysis

North America is the Fastest-Growing Market In The Bivalvia Industry

Consumers in North America are becoming more aware of the environmental impact of their food choices and are increasingly seeking out sustainable seafood options, including bivalvia. According to a report by the National Oceanic and Atmospheric Administration (NOAA), the aquaculture production of mollusks, including bivalvia, increased by 38% in the United States from 2013 to 2018. The report also notes that the United States is the largest producer of farmed clams and oysters in the world, with a production value of over $427 million in 2019.

Competitive Landscape

The major global players in the bivalvia market are 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.

Why Purchase the Report?
• To visualize the global bivalvia market segmentation based on product type and region and 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 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies