What is Oyster Farming Market?
Oyster farming is those type of farming of oysters which is done in a saltwater environment over different phase. Numerous benefit of eating oysters food such as protein, lipids, carbohydrates, minerals, and others. In the last few years, there is a significant increase in the aquaculture industry. For instance, according to an article published by the Food and Agriculture Organization, India is the second-largest country in aquaculture production and aquaculture has gone up from 46% in the 1980s to more than 85% in recent years in total fish production. Therefore, the growth of the aquaculture industry and rising seafood trade across the world are likely to be the prime driver for the growth of the market in the future.
Highlights from Oyster Farming Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | France Naissain Group (France), Huitres Favier Earl (France), Hog Island Oyster (United States), HuîtresHélie (France), Farm Suzuki (Japan), Fishers Island Oyster Farm (United States), Hoopers Island Oyster (United States), Tomales Bay Oyster (United States), Pangea Shellfish Company (United States) and Westcott Bay Shellfish Co. (United States) |
The oyster farming market is highly fragmented with the presence of various player such as France Naissain Group (France), Huitres Favier Earl (France), Hog Island Oyster (United States), among others Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Oyster Farming market throughout the forecasted period.
France Naissain Group (France), Huitres Favier Earl (France), Hog Island Oyster (United States), HuîtresHélie (France), Farm Suzuki (Japan), Fishers Island Oyster Farm (United States), Hoopers Island Oyster (United States), Tomales Bay Oyster (United States), Pangea Shellfish Company (United States) and Westcott Bay Shellfish Co. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Morro Bay Oyster (United States), Murder Point Oyster (United States), Chatham Shellfish (United States), Fanny Bay Oysters (Canada), Tomales Bay Oyster (United States) and Mere Point Oyster (United States). Oyster Farming Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Restaurants, Supermarkets and Others |
Type | Cupped Oyster, Flat Oyster and Others |
Environment | Marine Water,Brackish Water |
On the basis of geography, the market of Oyster Farming has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
One of the Latest Trend of this Market is Rising Demand for Clean Protein and Green Packaging of Seafood Products
Market Growth Drivers:
Raising Awareness among Consumer Regarding the Health and Nutritional Benefits Associated With its Consumption. and Growth of the Aquaculture Industry and Increasing Seafood Trade across the world
Challenges:
Issuer related to Over Fishing and Water Pollution in Sea Water and Major Concern regarding the Damaging Marine Ecosystem due to Changing Climatic Conditions
Restraints:
Problem related to High Cost Associated with Storage of Oyster foods Products
Opportunities:
Increasing Demand for High Protein Food Especially among Developed Economies such as China and India and Increasing Government Initiatives in order to Support Aquaculture across the worldwide
Key Target Audience
Raw Material Suppliers and Distributors, Government and Research Organizations, Associations and Industrial Bodies and Others
Market Leaders & Development Strategies
In June 2017, the Hog Island Oyster (United States) company has expanded in Marshall by acquiring Tony’s Seafood Restaurant. Hence, this expansion will affect the growth of the market in the future.
In June 2018, according to an article published by The Hindu Business Line, Oyster farming shows a financial boon for women self-help groups in Kerala, which is developed by CMFRI (Central Marine Fisheries Research Institute). Hence, the rising demand for Oyster farming in Kerala will affect the propel of the market in the future.
According to the State of Queensland Government, oyster areas to determine any likely environmental impacts on oysters. If the areas are affected by sewage, stormwater run-off, and industrial pollutants then the authority will not be allowed for farming. Hence, it may act as a restraint for the growth of the market in the future.