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Mussel Market Size

  • Report ID: GMI11288
  • Published Date: Sep 2024
  • Report Format: PDF

Mussel Market Size

Mussel Market size was valued at USD 3.41 billion in 2023 and is expected to grow at 4.3% CAGR from 2024 to 2032, driven by applications in direct consumption, processed foods, animal feed, and nutraceuticals. Growth trends indicate a rising demand for mussels as a sustainable seafood option, fueled by increasing consumer awareness of their nutritional benefits, including high protein and omega-3 content.

 

The shift towards healthier eating habits and the popularity of Mediterranean diets are further boosting market growth. Additionally, the expansion of aquaculture and advancements in processing and packaging technologies are enhancing the availability and shelf life of mussels, contributing to market expansion across retail and foodservice channels globally.
 

The growth of the mussel market is driven by several key factors. Increasing consumer demand for sustainable and eco-friendly seafood options propels market expansion, as mussels are recognized for their low environmental impact and ability to improve water quality. Nutritional benefits, including high protein and omega-3 fatty acids, appeal to health-conscious consumers, boosting direct consumption and processed food applications.
 

The rise in aquaculture practices enhances supply stability and scalability, while advancements in harvesting and processing technologies improve product quality and shelf life. Additionally, expanding distribution channels, such as online retail and specialty stores, alongside growing popularity in global cuisines, further stimulate market growth.
 

For instance, according to the USDA, a 3-ounce serving of cooked blue mussels, weighing 85 grams, contains 146 calories with 20 grams of protein, or 40 percent of the recommended daily dose. This high nutritional value is driving the growth of the mussel market, as consumers increasingly seek protein-rich, low-calorie food options. The demand for mussels is rising, particularly among health-conscious individuals, contributing to the market's expansion across various segments.
 

Ongoing innovation and technological advancements in the mussel market are focused on improving sustainability, efficiency, and product quality. Innovations in aquaculture, such as integrated multi-trophic aquaculture (IMTA) systems, enhance mussel farming by reducing environmental impacts and increasing yield. Advanced processing technologies, including high-pressure processing (HPP) and modified atmosphere packaging (MAP), extend the shelf life of fresh and frozen mussels while preserving their nutritional value and taste. Additionally, the development of automated harvesting and sorting systems improves efficiency and reduces labor costs. These advancements, coupled with research into selective breeding for disease resistance, are driving the market forward.  
 

High costs of advanced aquaculture technology pose a significant challenge for the mussel market, as investments in state-of-the-art systems for farming, harvesting, and processing can be substantial. These costs can limit the scalability and profitability for smaller operators, potentially hindering market growth. Additionally, fluctuations in water quality and temperature impact mussel farming, as these variables can affect mussel health and growth rates.
 

Variability in water conditions due to climate change or pollution can lead to increased mortality rates and reduced yields, complicating supply and affecting market stability. Both factors contribute to uncertainties in production and pricing, influencing overall market dynamics and potentially slowing down growth in the sector.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of mussel reached USD 3.41 billion in 2023 and will grow at 4.3% CAGR from 2024 to 2032, led by applications in direct consumption, processed foods, animal feed, and nutraceuticals.

The blue mussel segment size will demonstrate a 4.4% CAGR up to 2032, due to their widespread availability, versatility, and high nutritional value.

Europe market will record USD 1.8 billion in revenue by 2032, owing to a combination of strong consumer demand, advanced aquaculture practices, and rich culinary tradition.

Shengsi Xiangyuan Aquatic Products Co.,Ltd., Clearwater Seafoods, Blue World Seafood, Talley's, Highford Marketing, Yorso, WESTPAC, American Mussel Harvesters, Inc. , and Jutai Foods Group Limited.

Mussel Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 195
  • Countries covered: 23
  • Pages: 235
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