Mussel Market Size was valued at USD 4.5 Billion in 2022. The mussel market industry is projected to grow from USD 4.7 Billion in 2023 to USD 6.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2023 - 2032). Increasing consumer awareness of health benefits and expanding culinary applications and global cuisine are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
One prominent trend in the mussel market is the growing demand for sustainable aquaculture practices. Consumers are increasingly seeking responsibly sourced seafood, and mussels, being filter feeders, play a role in maintaining water quality. Aquaculture producers are adopting eco-friendly farming methods, emphasizing the sustainability and traceability of mussel production. This trend aligns with the rising awareness of environmental concerns, driving both producers and consumers toward practices that minimize the ecological impact of mussel farming. This factor drives the market CAGR.
Additionally, the mussel market is experiencing a surge in demand due to the recognition of the health benefits associated with mussel consumption. Mussels are rich in essential nutrients, including omega-3 fatty acids, vitamins, and minerals. Consumers are increasingly incorporating mussels into their diets as part of a healthy eating pattern. This trend is further supported by research highlighting the potential role of mussels in promoting heart health, improving immune function, and providing a nutrient-dense seafood option. The market is responding to the growing consumer preference for functional foods that offer both taste and nutritional advantages.
Innovation in mussel-based products is another noteworthy trend. The market is witnessing the introduction of diverse and convenient mussel products, such as ready-to-eat mussel dishes, mussel-based snacks, and value-added seafood products. Processors and manufacturers are exploring creative ways to make mussel consumption more accessible and appealing to a broader consumer base. These innovations not only cater to changing consumer preferences for convenient and unique food options but also contribute to the overall expansion and dynamism of the mussel market.
For instance, on February 19, 2020, Blue Harvest Fisheries announced the acquisition of 12 vessels and 27 fishing permits from the Carlos Rafael family. This acquisition will allow Blue Harvest to keep vital fishing and seafood processing jobs in New Bedford, Massachusetts, and further the company’s goal of providing consumers with premium, sustainable, US-harvested seafood. Thus, driving the mussel market revenue.
The mussel market segmentation, based on products, includes Green Mussel, Black Mussel, and Others. The dominating category is "Green Mussel." Green mussels, scientifically known as Perna canaliculus, hold a prominent position in the market due to their widespread consumption and recognized health benefits. Meanwhile, the fastest-growing category is "Black Mussel." Black mussels are gaining rapid popularity among consumers, driven by their unique taste, firm texture, and nutritional value.
Figure 1: Mussel Market, by Products, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The mussel market segmentation, based on distribution channel, includes Local Sales, Export Sales. The dominating category for distribution channels is "Export Sales." Export sales hold a dominant position in the market due to the global demand for mussels. The seafood industry relies heavily on international trade, and mussels, being a popular and versatile seafood item, are widely exported to various countries. Conversely, the fastest-growing category is "Local Sales." Local sales are experiencing rapid growth as consumers increasingly prioritize locally sourced and sustainable food options.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American mussel market area will dominate this market, owing to extensive coastlines and suitable aquatic environments that support thriving mussel farming operations, which will boost market growth in this region.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: MUSSEL MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe mussel market accounts for the second-largest market share due to the growing demand for seafood, particularly shellfish. Further, the German mussel market held the largest market share, and the UK mussel market was the fastest growing market in the European region.
The Asia-Pacific Mussel Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rich aquatic biodiversity and extensive coastlines, offering favorable conditions for mussel farming. Moreover, China’s mussel market held the largest market share, and the Indian mussel market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the mussel market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, mussel industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the mussel industry to benefit clients and increase the market sector. In recent years, the mussel industry has offered some of the most significant advantages. Major players in the mussel market, including Waitaki Biosciences International Ltd., Maclab, Inc., Nature's Path Foods, Inc., Great HealthWorks Inc., Navchetana Kendra Agra., and others, are attempting to increase market demand by investing in research and development operations.
Sanford is one of the largest and oldest seafood companies in New Zealand, with a history dating back to 1904. The company is engaged in the harvesting, farming, processing, and marketing of a wide range of seafood products. Sanford is involved in both wild catch and aquaculture operations. The company catches and processes various species of fish, including hoki, orange roughy, and greenshell mussels. It also farms salmon and operates inshore and deepwater fishing vessels. Sanford Ltd. (NZ) focuses on expanding its footprint in other countries by developing strategic partnerships with international distributors and suppliers. The company grows mussels by utilizing the longline method which is environment-friendly and enhances production.
Blue Harvest Fisheries is a leading supplier of premium quality seafood sustainably harvested from MSC certified fisheries in the U.S. The company operates its own fleet of scallop and groundfish vessels as well as offloads facilities in Newport News, VA, Fairhaven, MA and at a state of the art SQF Level 3 waterfront manufacturing facility in New Bedford, MA. The Blue Harvest Fisheries product line features sea scallops, Pacific cod, haddock, Atlantic ocean perch (Acadian redfish) and Atlantic pollock. The company also offers swordfish and tuna from approved third-party vessels. Blue Harvest Fisheries products are sold fresh and frozen under the Blue Harvest brand to leading restaurants, wholesalers and distributors across the U.S. and abroad. On February 9, 2023, Blue Harvest Fisheries announced this week that it purchased a new trawler, expanding its groundfish operations as the company sells off the last of its scallop fleet.
Mussel Industry Developments
March 2021: New Zealand Coastal Seafood and Talley's Ltd. (NZ) agreed to supply the latter with its products like bone-in and boneless varieties of Ling Maw, GLM meat, and products linked to Ling and Hoki Fish Skin.
January 2021: Aroma NZ Ltd uses Flash-drying technology to dehydrate heat-sensitive products such as slurries, bioactive proteins, granules, and powders. It allows the use of high temperatures and guarantees the highest quality of the finished product.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 4.5 Billion |
| Market Size 2023 | USD 4.7 Billion |
| Market Size 2032 | USD 6.9 Billion |
| Compound Annual Growth Rate (CAGR) | 5.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Products, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Waitaki Biosciences International Ltd., Maclab, Inc., Nature's Path Foods, Inc., Great HealthWorks Inc., Navchetana Kendra Agra |
| Key Market Opportunities | Increasing consumer awareness of health benefits |
| Key Market Dynamics | Expanding culinary applications and global cuisine |
Frequently Asked Questions (FAQ) :
The mussel market size was valued at USD 4.5 Billion in 2022.
The global market is projected to grow at a CAGR of 5.00% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Waitaki Biosciences International Ltd., Maclab, Inc., Nature's Path Foods, Inc., Great HealthWorks Inc., and Navchetana Kendra Agra.
The Green Mussel category dominated the market in 2022.
The Export Sales had the largest share in the global market.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
