Press Release
Press Release
According to a collaborative report published by the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organisation (FAO) of the United Nations, fish and shellfish consumption is projected to reach about 21.2 kilograms per capita by 2032, an increase from an average of 20.4-kilogram between 2020 and 2022.
The rapid growth of the population, rising disposable incomes, and increasing health consciousness are favouring the oyster market demand. Raw oysters contain high concentrations of vitamins such as Vitamin B12 and other micronutrients such as Vitamin D, iron, magnesium, phosphorus, zinc, copper, manganese, and selenium. They also contain low calories, support brain health, and lower the risk of osteoporosis, boosting their preference among health enthusiasts.
Some of the prominent producers of oysters include China, Korea, Japan, the USA, and France. Furthermore, premium oysters are gaining popularity across countries such as Australia. The consumption of oysters directly from the shell is leading to the expansion of aquaculture farming.
Additionally, growing concerns regarding sustainability are catering for an increased consumption of oysters as they filter about 100-200 litres of water a day, helping in purifying estuaries. Oysters are also considered essential for the infrastructure of the aquatic ecosystems. They develop reefs that serve as a habitat for other aquatic beings, including fish and marine plants.
The wide availability of oysters at supermarket chains such as Walmart Inc (NYSE: WMT) increases their consumption, further contributing to market growth.
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The major players in the global oyster market are Ward Oyster Company, Cape Cod Oyster Company, Chatham Shellfish Company, Taylor Shellfish Farms, France Naissain and Vendée Naissain, Woodstown Bay Shellfish Ltd., East 33 Deliveries Pty Ltd, Hog Island Oyster Co., Colville Bay Oyster Co. Ltd., Hoopers Island Oyster Company, and Five Star Shellfish Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Distribution Channels |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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