The ‘Global Oyster Market Share, Size, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global oyster market, assessing the market on the basis of its segments like types, end uses, distribution channels, and major regions.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3.50%
The oyster market is being aided by the surging demand for seafood and the growing awareness regarding the health benefits of oysters. Dishes made from oysters, such as sashimi oyster and oyster stew, are gaining popularity across the globe, hence driving the market.
Oysters are considered a delicate, sophisticated, and luxurious treat, which is boosting their appeal among the burgeoning middle-class population. Besides, there is a growing preference for Pacific cupped oysters in the food and beverage sector as they are excellent sources of omega-3 fatty acids, iron, zinc, and vitamin B12.
The surging availability of seafoods, including oysters, in supermarkets, hypermarkets, convenience stores, and speciality stores, is likely to contribute to the oyster market revenue share in the forecast period.
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Oyster Industry Definition and Major Segments
Oysters refer to large shellfish that exist in saline or brackish environments, such as bays and oceans. They filter habitats for species like mussels and barnacles and play an important role in the overall ecosystem. They are rich in protein, calcium, and potassium, due to which their consumption among the health-conscious population is rising.
The market, on the basis of type, is categorised into:
• Cupped Oyster
• Pacific Cupped Oyster
• American Cupped Oyster
• Penguin Wing Oyster
The various end uses of oyster are:
• Food Service
Based on distribution channel, the oyster market is divided into:
• Supermarkets and Hypermarkets
• Convenience Stores
• Speciality Outlets
The major regional markets of oyster include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Oyster Market Trends
With the growing popularity and the rising consumption of seafood in the Asia Pacific region, the demand for oysters is increasing. The surging health consciousness and the use of oysters in dishes in countries like Japan and China are driving the market. Moreover, the oyster market in North America is being driven by evolving lifestyles and the presence of leading key players.
Manufacturers are shipping oysters from direct-to-consumer (D2C) and online retail channels, thereby improving their accessibility among consumers. Moreover, rising innovations by food manufacturers, such as the rising popularity of oysters in culinary boxes and the development of oyster party boxes, are anticipated to propel the market.
Moreover, oyster farming mitigates several environmental impacts by sequestering nitrogen and carbon into shells and tissues of oysters while eliminating the requirement for additives and external food sources to promote their growth. Hence, the growing trend of sustainability is anticipated to boost oyster farming in the coming years.
Key Market Players
The major players in the oyster market report are Ward Oyster Company, Cape Cod Oyster Company, Chatham Shellfish Company, Taylor Shellfish Farms, France Naissain and Vendée Naissain, Woodstown Bay Shellfish Ltd., East 33 Deliveries Pty Ltd, Hog Island Oyster Co., Colville Bay Oyster Co. Ltd., Hoopers Island Oyster Company, and Five Star Shellfish Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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