Mussel Market to reach $4.98 Bn by 2032, Says Global Market Insights Inc.

Selbyville, Delaware, Nov. 07, 2024 (GLOBE NEWSWIRE) —

The mussel market valuation is predicted to exceed USD 4.98 billion by 2032, reported in a research analysis by Global Market Insights Inc.

The primary drivers of the mussel market include direct processed foods, consumption, nutraceutical, and animal feed applications. Rising consumer awareness of the nutritional benefits of mussels, such as their high protein and omega-3 content, is fueling a growing demand for mussels as a sustainable seafood choice. The market is further bolstered by a global shift towards healthier eating habits and the increasing popularity of Mediterranean diets. Moreover, advancements in processing and packaging technologies, alongside the expansion of aquaculture, are enhancing the availability and shelf life of mussels, driving their market growth in both retail and foodservice channels worldwide.

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The mussel market from the blue mussel segment is projected to reach USD 3.25 billion, showcasing a CAGR of 4.4% by 2032. Blue mussels lead the market due to their widespread availability, versatility, and notable nutritional value. Their robust flavor and adaptability make them a favorite in culinary applications, ranging from gourmet dishes to everyday meals. The established supply chains and efficient farming practices bolster their market dominance. Their cost-effectiveness, especially when compared to other types like green-lipped or Mediterranean mussels, further solidifies their market presence.

By form, the fresh segment is anticipated to grow to USD 2.26 billion, with a projected CAGR of 4.4% by 2032. Fresh mussels lead the market, prized for their superior taste, texture, and nutritional value over frozen or canned counterparts. Culinary standards and dining experiences often hinge on the optimal flavor and quality of fresh mussels. This preference, especially among health-conscious consumers seeking nutrient-rich seafood, drives a significant market demand for fresh mussels. As a result, fresh mussels continue to dominate the global mussel market.

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Europe’s mussel market is set to reach USD 1.80 billion by 2032, with a projected CAGR of 4.6%. The European industry thrives on robust consumer demand, advanced aquaculture practices, and a rich culinary tradition. Major producers like Belgium, the Netherlands, and France boast well-established mussel farming and harvesting operations. European consumers prioritize sustainably sourced seafood, bolstering the market for eco-friendly and high-quality mussels. Technological innovations in farming, such as enhanced water quality management and automated harvesting, further fuel market growth.

Partial chapters of report table of contents (TOC):

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Data Mining Sources

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    Industry 360⁰ synopsis

Chapter 3   Mussel Market Insight

3.1    Industry ecosystem analysis

3.1.1    Value chain

3.1.2    Key manufacturers

3.1.3    Go to market routes

3.1.4    Key distributors

3.1.4.1    New distribution channels

3.1.5    Profit margins across the industry

3.2    Industry impact forces

3.2.1    Growth drivers

3.2.1.1    Increasing consumer demand for sustainable seafood

3.2.1.2    Rising awareness of nutritional benefits

3.2.1.3    Expansion of aquaculture practices

3.2.2    Market challenges

3.2.2.1    High costs of advanced aquaculture technology

3.2.2.2    Fluctuations in water quality and temperature

3.2.3    Market opportunities

3.2.3.1    New markets/applications

3.2.3.2    Growth potential analysis

3.3    Raw material landscape

3.3.1    Manufacturing trends

3.3.1.1    Technology evolution

3.3.1.2    Sustainable manufacturing

3.3.1.2.1    Green practices

3.3.1.2.2    Decarbonization

3.3.2    New raw materials

3.3.3    Raw material pricing trends (USD/Kilo Tons)

3.3.3.1    North America

3.3.3.2    Europe

3.3.3.3    Asia Pacific

3.3.3.4    Latin America

3.3.3.5    MEA

3.4    Regulations & market impact

3.5    Porter’s analysis

3.6    PESTEL analysis

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About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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