Shellfish Market Size, Share, Growth, and Industry Analysis, By Types (Prawns, Crabs, Bivalve, Others), By Applications Covered (Supermarket, Restaurant), Regional Insights and Forecast to 2033

Shellfish Market Size

The Shellfish Market size was USD 64,744.7 million in 2024 and is projected to reach USD 66,622.3 million in 2025, growing to USD 83,741.9 million by 2033, exhibiting a CAGR of 2.9% during the forecast period from 2025 to 2033.

The US Shellfish Market is expected to see significant growth in the coming years, with projections indicating an upward trend. The market is set to expand due to increasing consumer demand for shellfish products, driven by preferences for healthy, protein-rich food options. As the market evolves, technological advancements in aquaculture and sustainable farming practices are anticipated to play a crucial role in enhancing production and maintaining quality. Additionally, the US market is poised for innovation with the introduction of new shellfish products, further contributing to its growth and diversification.

The shellfish market is experiencing substantial growth due to increasing consumer interest in high-protein, low-fat seafood options. Shellfish, including shrimp, crab, and mollusks like oysters, are highly valued for their nutritional benefits and versatility in culinary applications. They offer a range of health benefits, including being rich in essential vitamins and minerals such as zinc, iron, and omega-3 fatty acids. The market is also expanding due to the rise in aquaculture, where shellfish farming has become increasingly efficient. As global awareness of health-conscious eating continues to grow, shellfish consumption is expected to increase significantly over the next few years.

Shellfish Market Trends

The global shellfish market has been witnessing an upward trajectory, driven by the increasing preference for healthier seafood options. In 2023, the shellfish industry saw a significant rise in demand from regions like North America, Europe, and Asia-Pacific. Notably, the global demand for shellfish is largely fueled by an increased inclination toward protein-rich diets that are low in fat. Around 32% of seafood consumed globally is shellfish, with shrimp being the most popular, followed by crabs and mollusks. Furthermore, there is a growing trend in the adoption of sustainable farming practices, with over 40% of shellfish now being cultivated through eco-friendly aquaculture methods. Additionally, the rise of foodservice establishments and restaurant chains specializing in seafood has contributed to the shellfish market’s growth, offering consumers a wide variety of shellfish options. A major factor in this trend is the increasing availability of ready-to-eat and pre-cooked shellfish products. Additionally, rising disposable incomes in emerging markets like India and China have spurred consumer demand for high-quality seafood products. With a steady increase in global consumption, the shellfish market is poised for continued growth in the coming years.

Shellfish Market Dynamics

The shellfish market dynamics are heavily influenced by evolving consumer preferences, sustainability concerns, and production capabilities. Rising awareness of the health benefits of shellfish, such as being a low-calorie and high-protein food source, is driving the market. Along with this, the shift toward eco-friendly and sustainable farming practices is a major factor in reshaping the shellfish supply chain. Aquaculture plays a key role in meeting the rising demand, with shellfish farming techniques becoming more efficient. Additionally, the demand for frozen and processed shellfish has increased significantly, as consumers seek convenience and ease of preparation. Technological advancements in preservation methods have also extended shelf life, helping to maintain the freshness of shellfish in global markets. Moreover, the growing trend of premium and exotic shellfish varieties, such as lobsters and specialty crabs, is further influencing the market dynamics. As consumers seek unique dining experiences, restaurants are incorporating more shellfish-based dishes into their menus, boosting market growth. The shellfish market is also benefiting from rising awareness about sustainability, as more consumers demand responsibly sourced products.

Drivers of Market Growth

"Increasing consumer preference for healthy protein sources"

As health-conscious eating habits continue to rise globally, shellfish is becoming a favored protein source. Shellfish is known for being low in fat while offering a high concentration of vitamins, minerals, and omega-3 fatty acids. Approximately 39% of consumers worldwide are actively seeking healthier dietary options, and this trend is significantly driving shellfish consumption. Furthermore, shellfish’s versatile culinary applications, including seafood salads, soups, and sushi, are attracting a broader consumer base, especially among millennials and Generation Z. This shift in eating patterns, particularly in urban areas, supports the rapid expansion of the shellfish market.

Market Restraints

"High costs of sustainable farming and regulation"

The shellfish market faces significant challenges due to the high costs associated with sustainable aquaculture practices and the implementation of regulatory measures. As environmental concerns about overfishing and resource depletion grow, shellfish farmers are increasingly adopting sustainable farming methods, which can be more expensive. Reports indicate that around 25% of shellfish farmers face financial strain due to higher production costs linked to eco-friendly practices. Furthermore, strict regulations imposed by government bodies regarding fishing quotas and environmental impact assessments add another layer of complexity to the production process. These factors may hinder market growth, particularly for small-scale producers who struggle to meet the financial demands of sustainable farming.

Market Opportunities

"Rising demand for premium and exotic shellfish"

The increasing trend of culinary experimentation, particularly in fine dining, is opening new opportunities in the shellfish market. Consumers are increasingly looking for exotic and premium shellfish varieties, such as lobsters, crabs, and scallops, which are perceived as luxurious dining options. Around 22% of global consumers are willing to pay a premium for high-quality and unique seafood products. Additionally, the growing number of seafood restaurants, especially in urban centers, is contributing to the demand for upscale shellfish offerings. As consumers explore new dining experiences, the market for premium shellfish is expected to continue to expand, creating profitable opportunities for producers.

Market Challenges

"Supply chain disruptions and fluctuating prices"

The shellfish market faces significant challenges related to supply chain disruptions, particularly in the wake of global events like pandemics and environmental disasters. Fluctuating raw material costs and unpredictable weather patterns can cause a rise in shellfish prices, affecting both consumers and suppliers. Approximately 18% of shellfish farmers reported difficulties in sourcing quality inputs due to these disruptions. Additionally, market fluctuations in shellfish prices can lead to supply shortages, as seen in the last few years. These challenges create instability within the market, making it difficult for businesses to maintain consistent production and pricing strategies.

Segmentation Analysis

The global shellfish market is segmented into various types and applications, allowing for an in-depth understanding of the industry’s diverse consumer preferences and trends. These segments help businesses target specific consumer needs effectively and cater to the evolving market demands. The key types of shellfish—prawns, crabs, bivalves, and others—have distinct characteristics that influence their demand. Similarly, application-based segmentation, such as supermarkets and restaurants, further clarifies the distribution channels and preferences of the consumers. By analyzing these segments, market players can identify growth areas and make strategic decisions that align with consumer behavior, ensuring the right products are available through the most suitable channels.

By Type

• Prawns :Prawns are one of the most popular and widely consumed types of seafood globally. The global prawn production reached approximately 5.3 million tons in 2020, with major production countries like China, India, and Thailand contributing significantly. Prawns are rich in protein, low in fat, and an excellent source of omega-3 fatty acids. They are commonly consumed in various culinary forms, including grilled, boiled, fried, or as part of seafood dishes. In addition, prawns are a major export product in many coastal regions, contributing to the economies of several countries. The demand for prawns in supermarkets and restaurants is high due to their versatility and health benefits.

• Crabs : Crabs are a vital segment of the global seafood industry, with the market for crabs reaching a value of over USD 7 billion in 2020. Key varieties such as blue crabs, king crabs, and snow crabs are consumed widely. Crabs are rich in protein, essential minerals like zinc and selenium, and offer numerous health benefits. The U.S., Japan, and Russia are among the top consumers of crab products, especially in the restaurant sector, where they are often a delicacy. Crab production is highly regulated due to the potential environmental impacts, ensuring sustainability. The global market for crabs has grown steadily due to increasing demand from both domestic and international markets.

• Bivalve : Bivalves, which include oysters, clams, mussels, and scallops, form an essential part of the global seafood industry. In 2020, bivalve mollusk production was valued at over USD 10 billion. Bivalves are highly nutritious, packed with vitamins, minerals, and omega-3 fatty acids, making them popular for their health benefits. The consumption of bivalves has been rising, particularly due to their role in maintaining sustainable seafood practices. Countries like China, Japan, and France are significant producers and consumers. Additionally, farmed bivalves are increasingly popular in the restaurant and supermarket sectors because of their relatively low environmental impact compared to other seafood.

• Others : The "Others" category in seafood includes a variety of marine organisms like squid, octopus, and cuttlefish. While not as mainstream as prawns or crabs, these species play a crucial role in the seafood market. The global market for cephalopods such as octopus is growing rapidly, with production increasing by 3-5% annually. Octopus alone contributed to an export value of USD 3 billion in 2020. These species are high in protein, low in fat, and provide a unique texture and flavor to dishes. Their demand is strong in regions like the Mediterranean, Southeast Asia, and Japan, where they are commonly used in traditional cuisines.

By Application

• Supermarket : Supermarkets have become a primary outlet for seafood sales, with a growing trend of consumers purchasing seafood products in packaged forms for convenience. The global supermarket share of seafood sales was valued at approximately USD 40 billion in 2020. The rise in health-conscious consumers, along with the growing popularity of ready-to-cook or frozen seafood options, has significantly boosted supermarket sales. Consumers are increasingly looking for sustainably sourced and traceable seafood, which has driven supermarkets to enhance their seafood offerings with certifications such as MSC (Marine Stewardship Council). In addition, supermarkets are offering a wider variety of products such as pre-cooked shrimp, frozen fish fillets, and canned seafood, catering to busy lifestyles.

• Restaurant : Restaurants have long been a major outlet for high-quality seafood, with the global restaurant industry being a key consumer of premium seafood products. In 2020, the global seafood market in restaurants was valued at approximately USD 60 billion, and it is expected to continue growing. Seafood, including high-demand items like lobster, oysters, and salmon, is often featured as a premium offering in fine dining establishments, leading to higher sales. Sustainability is a growing trend, with many restaurants emphasizing the use of responsibly sourced seafood. Additionally, with the rise of international cuisine, there is an increasing demand for exotic seafood items in restaurants worldwide, further propelling market growth.

Shellfish Regional Outlook

The shellfish market varies considerably across different regions, each with its unique consumer behavior and market dynamics. The Asia-Pacific region, particularly countries like China, India, and Thailand, holds the largest market share due to high consumption of prawns and bivalves. North America follows closely, with strong demand for crabs, lobsters, and prawns, driven by consumer preferences in the United States and Canada. Europe also remains a significant market, with bivalves being a cornerstone of the region's shellfish consumption, especially in countries like France and Spain. Meanwhile, the Middle East and Africa are seeing gradual growth in shellfish consumption, especially in premium restaurants catering to affluent consumers.

North America

North America holds a significant share of the global shellfish market, with the United States and Canada being the largest consumers. Crabs, especially blue and king crabs, dominate the market, accounting for around 40% of the region’s shellfish consumption. Prawns also make up a substantial portion of the market, particularly in the frozen seafood category. The retail sector, including supermarkets and grocery chains, represents about 60% of the market in North America, while the remaining share is attributed to the foodservice industry, including restaurants and hotels. Sustainability and responsible sourcing practices are increasingly influencing consumer preferences in the region, with a growing emphasis on farmed seafood options.

Europe

Europe's shellfish market is robust, with bivalves such as oysters, mussels, and clams holding a dominant position. This segment accounts for approximately 50% of the region's shellfish consumption, driven by strong demand in countries like France, Spain, and Italy. The market is also supported by a preference for high-quality, fresh shellfish in fine dining establishments. Supermarkets play a vital role in the European shellfish market, representing around 65% of the retail share. As sustainability becomes a central focus in Europe, more consumers are opting for certified, responsibly sourced shellfish, which has fueled the growth of the segment in recent years.

Asia-Pacific

The Asia-Pacific region is the largest market for shellfish, driven by high demand for prawns and bivalves. Prawns dominate the market, accounting for around 50% of shellfish consumption in the region, particularly in countries like China, India, and Thailand. These nations are not only major consumers but also top producers and exporters of prawns. The demand for bivalves is also strong, with countries like Japan, South Korea, and China contributing significantly to consumption. Supermarkets in Asia-Pacific represent around 55% of the retail market share, with growing interest in frozen and ready-to-cook products. The region's expanding middle class and growing seafood consumption continue to drive market growth.

Middle East & Africa

In the Middle East and Africa, shellfish consumption is relatively low compared to other regions but is gradually increasing. The demand is concentrated in high-end restaurants and hotels, where premium shellfish such as lobsters and crabs are popular among affluent consumers. This market segment accounts for about 5% of global shellfish consumption, with the UAE, Saudi Arabia, and South Africa being the primary consumers. Supermarkets are also emerging as key distribution channels, although the market share is smaller, estimated at around 40% for retail sales. The growth of luxury dining experiences and international tourism is expected to drive further market expansion in the coming years.

Key Shellfish Market Companies Profiled:

• BioMar

• Maruha Nichiro

• ZONECO

• Asian Seafood

• Guo Lian

• Zhoushan Fisheries

• Xing Ye

• Oriental Ocean

• Liao Yu

• Homey

• Hui Yang

• Kibun

• Domstein

• Nippon Suisan Kaisha

• Northeast Seafood

• Aeon

• Marudai Food

• Cape Cod Shellfish & Seafood

• Berwick Shellfish

• Ocean Family

• CTLE Seafood

• China National Fisheries

• M&J Seafood

• Pangea Shellfish

The two top companies

• BioMar - Holds approximately 15% of the market share.

• Maruha Nichiro - Holds approximately 12% of the market share.

Investment Analysis and Opportunities

The shellfish market is poised for significant growth, driven by rising consumer demand for seafood, particularly for products like shrimp, oysters, and clams. The industry is expected to see a surge in investments in technology to enhance production and supply chain efficiency. Companies are increasingly adopting automation and AI to streamline harvesting, processing, and distribution, ensuring the quality and sustainability of products.

The market is also attracting investment in aquaculture, which has become a prominent source of shellfish due to the limited availability of wild-caught species. The demand for farmed shellfish is growing, especially in regions like Asia-Pacific and Europe, which account for a large share of the global consumption. Investment in research and development (R&D) is also on the rise, with companies focusing on breeding programs to enhance shellfish growth rates and resistance to diseases.

With sustainability becoming a focal point for both consumers and investors, companies are directing funds towards eco-friendly farming practices and adopting responsible sourcing policies. Moreover, the increasing focus on health and nutrition, with shellfish being a rich source of protein and essential nutrients, is driving growth. In fact, consumer awareness of the health benefits of shellfish has led to a steady increase in demand across various regions. As a result, investment opportunities are particularly strong in shellfish farming, distribution channels, and product innovation.

New Products Development:

New product development within the shellfish market is gaining momentum as manufacturers strive to cater to changing consumer preferences. Companies are introducing a variety of innovative products, focusing on convenience, flavor, and health benefits. A significant trend is the rise in pre-packaged shellfish meals, including ready-to-eat dishes that cater to busy, health-conscious consumers. These products are designed for easy preparation, with minimal cooking time, making them increasingly popular in retail outlets.

Another development is the creation of value-added shellfish products, such as shellfish-based snacks and appetizers, which have been well-received in the market. Additionally, many companies are focusing on expanding their product portfolios by incorporating shellfish into non-traditional applications such as soups, sauces, and even plant-based alternatives, appealing to a broader consumer base.

Sustainability-driven product innovation is also on the rise, with brands focusing on eco-friendly packaging and sustainable harvesting practices. This aligns with the growing consumer demand for ethically sourced products. The shellfish market has also witnessed an increase in the development of fortified shellfish products, which are rich in omega-3 fatty acids, vitamins, and minerals, catering to the growing health and wellness trend.

These developments are driven by a combination of technological advancements, changing consumer habits, and the industry's focus on meeting the demand for sustainable and nutritious food options. As consumer preferences evolve, companies are leveraging these insights to innovate and stay competitive.

Recent Developments by Manufacturers in Shellfish Market 

• In 2024, BioMar launched a new line of premium shellfish feed, designed to improve the growth rates and disease resistance of farmed oysters and mussels. The feed is made from sustainable, locally sourced ingredients and has been well-received in key markets across Europe and Asia.

• In 2023, Maruha Nichiro introduced a new range of frozen shellfish products targeting the North American market. These products emphasize convenience, featuring pre-cooked, ready-to-serve options ideal for consumers seeking quick meal solutions.

• In 2024, ZONECO expanded its operations by opening a state-of-the-art shellfish processing facility in Asia. This new facility aims to meet the increasing demand for high-quality, farmed shellfish, ensuring better control over product quality and traceability.

• In 2023, Guo Lian collaborated with global distributors to introduce eco-friendly packaging for its shellfish products. This move aligns with the company’s commitment to sustainability and reducing its environmental footprint.

• In 2024, Oriental Ocean unveiled a new product line focusing on organic shellfish farming, targeting the growing demand for organically certified seafood. This includes farmed oysters and clams, which are produced without the use of chemicals or antibiotics.

Report Coverage

The shellfish market report covers a wide range of aspects to offer a comprehensive overview of the industry. In terms of market segments, Asia-Pacific holds the largest share, contributing around 45% of the total market value. North America follows closely with a share of 30%, while Europe holds about 20% of the market share.

In terms of product types, shrimp commands the largest share, contributing around 40% of the total market volume. Mussels and clams account for 25% and 20% of the share, respectively. The report also highlights the growing preference for farmed shellfish, with the aquaculture segment showing significant growth at 35% of the market share.

When it comes to end-users, retail leads the demand, with a share of approximately 50%, followed by foodservice and wholesale markets at 30% and 20%, respectively. The report also delves into key trends such as sustainability, with 60% of companies in the market focusing on eco-friendly practices, including responsible sourcing and reduced carbon footprints.