Shellfish Market Size, Share, Growth Analysis, By Type (Oysters, Crabs), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores), By Region - Industry Forecast 2025-2032

Global Shellfish Market size was valued at USD 62.3 billion in 2023 and is poised to grow from USD 64.42 billion in 2024 to USD 84.17 billion by 2032, growing at a CAGR of 3.4% during the forecast period (2025-2032).

The shellfish market is poised for growth, driven by rising health consciousness among consumers who value the significant nutritional benefits of shellfish, including digestible proteins, essential amino acids, and vital minerals. Despite a slight decline in global seafood consumption to 19.8 kg per capita in 2019, shrimp remains the leader in shellfish consumption, comprising 84.6%, followed by crab at 25.3%. The increasing demand for shellfish underscores its importance in the restaurant, hospitality, and culinary sectors. However, projected price increases due to this demand may pose challenges for low-income households. To ensure shellfish can be a sustainable future food choice, it's critical to enhance accessibility and affordability, thereby removing barriers that could hinder consumption.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Shellfish market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Shellfish Market Segments Analysis

Global Shellfish Market is segmented by Type, Distribution Channel and region. Based on Type, the market is segmented into Oysters, Crabs, Prawns, Lobsters, Shrimp and Others (mussels, scallops, crayfish, clams). Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores and Online Retail. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Shellfish Market

The global shellfish market has experienced substantial growth, largely due to the numerous health benefits associated with shellfish consumption. Packed with lean protein, healthy fats, and essential minerals, shellfish stands out as a nutritious food choice. Research indicates that regular shellfish intake can enhance immune function, support weight management, and contribute to overall well-being. Rich in zinc, magnesium, and vitamin B12, shellfish offers low-calorie, high-protein options, making it effective in combating obesity-a condition that affected nearly 42.4% of the population in the U.S. in 2018. Moreover, the presence of omega-3 fatty acids helps promote satiety, while further studies reveal that shellfish consumption significantly lowers heart attack risks, particularly among men.

Restraints in the Global Shellfish Market

The global shellfish market faces significant challenges primarily due to the prevalence of shellfish allergies, which is recognized as one of the most common food allergies. This issue particularly impacts the Asia-Pacific region, where there is considerable demand for shellfish but also a high incidence of allergic reactions. Tropomyosin, a protein found in shellfish, is responsible for triggering severe anaphylactic responses by activating the immune system and causing the release of histamines, leading to varying degrees of allergic reactions. Research indicates that approximately 3% of adults are affected by shellfish allergies, with rates being particularly high in Hong Kong, Singapore, and the Philippines, where prevalence can reach between 5.12% and 7.71%. The study showed that crustaceans are the primary culprits, affecting 3.8% of individuals, followed by finfish at 1.2% and mollusks at 1.0%. Such widespread allergic reactions are obstructing the overall growth and expansion of the shellfish market.

Market Trends of the Global Shellfish Market

The Global Shellfish market is witnessing a significant trend towards innovation in plant-based seafood alternatives, driven by the rising consumer preference for sustainable and health-conscious food options. As awareness around animal welfare intensifies, food producers are proactively developing novel plant-based substitutes that mimic the taste and texture of traditional shellfish. This shift not only addresses the ethical and environmental concerns associated with seafood consumption but also caters to the expanding vegan and vegetarian demographics seeking savory seafood experiences. Consequently, the market is poised for growth as consumers increasingly pursue products that align with their dietary values while satisfying their seafood cravings.