Global Oyster Market to Grow at a CAGR of 3.50% During 2024-2032, Driven by the Increasing Demand for Seafood

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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Market Analysis by Type, End Use, Distribution Channel, and Region:

• The market, on the basis of type, can be divided into cupped oyster, Pacific cupped oyster, American cupped oyster, and penguin wing oyster, among others.

• Based on end use, the market can be divided into food service and retail.

• The various distribution channels for oysters include supermarkets and hypermarkets, convenience stores, specialty outlets, and online, among others.

• The major regional markets for oysters include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing inclination of the global population towards seafood is catering to the oyster market growth.

• The rising health consciousness is increasing the consumption of oysters, due to their health benefits, including improving immune systems and heart health, prevention of anaemia, and strengthening of bones.

• The expanding distribution channels such as supermarkets and hypermarkets are leading to a wider consumption of seafood such as oysters.

• The increasing trend of dining out and food tourism is catering to the market growth of oyster.

Key Offerings of the Report:

• The EMR report gives an overview of the global oyster market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, end uses, distribution channels, and major regions of oysters.

• The market report also analyses the trade data by covering the major importing and exporting countries.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

Key Highlights of the Report

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