Stellar Market Research (2024)

Oyster Farming Market Overview:

Oysters refer to bivalve molluscs that grow naturally in seawater or saltwater. They are most noticeable with unusual greyish-white shells. Different types of oysters are eaten as a delicacy or raised for pearls. They act as a rich source of omega-3 fatty acids, vitamin C, minerals, zinc, copper, niacin, riboflavin, etc. Oyster helps to improve muscle growth, improve overall cardiovascular health, maintain bone strength, strengthen the immune system, promote weight loss, etc. Other common oyster varieties include cup oysters, Pacific oysters, American oysters, Penguin oysters, etc.

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COVID-19 pandemic on the Oyster Farming Market:

COVID-19 is an incomparable worldwide emergency that has led to a temporary break in numerous agricultural activities. The lockdown in several countries across the globe resulted in a shortage of labours. The pandemic has also led to the implementation of strict land closure laws which has led to a decline in aquaculture practices in many countries, thus, having a negative impact on the oyster market. Post-pandemic, the industry expects more demands and demand due to the rapid growth of cities and the growing demand for prudent use of existing space.

Oyster Farming Market Dynamics:

A growing sector of bivalve aquaculture and an ever-increasing number of seafood commercial activities are driving the oyster market. In addition, consumer growth of bivalves and consumer-rich seafood varieties also stimulate market growth. In addition, the increasing penetration of eating habits across the continent and the growing trend toward delicious seafood increase the demand for oysters. Apart from this, several improvements in sales systems for fresh oysters, cans, and ice also stimulate market growth. Many key players embrace new home-grown and oyster farming solutions in an artificial sea-like environment to meet their growing consumer demand.

One of the latest trends in this market increased demand for pure protein and a green pack of seafood products, primarily in the growing economies such as China and India. Governments have also started promoting aquaculture worldwide and this is responsible for raising consumer awareness about health and healthy food benefits related to its use. Another reason for the growth in the oyster farming market is the increase in trade in marine living resources globally .

The two most commonly used methods for oyster farming are release and bags. In both cases, oysters are cultivated on the coast to the point of saliva when they cannot attach themselves to the substrate. They may be allowed to mature continuously to make "oyster seeds". In any case, they are then soaked in water to ripen. The rescue strategy involves spreading the spots across the existing oyster beds, allowing them to mature naturally and be collected like wild oysters. Packing bags is a farmer who puts saliva on racks or bags and stores them on top of the bottom. Harvesting involves simply lifting bags or racking up and removing ripe oysters. The latter method prevents the loss of some predators, but it is expensive.

Oysters Farming Market Segment Analysis:

Based on types/variety:

Cupped Oyster: Cupped oysters make up the major bulk of oyster production worldwide and Pacific oyster is the main breed. Spat is collected mainly in the natural environment by spitting on collectors. However, production of hatchery spat is increasing. The time from the beginning of the culture until marketing can range from 1 to 4 years, depending on the production area and the techniques used.

Flat Oyster: Flat oyster has the lowest production in the world. Some species may grow slowly and are much stronger than cup-fed oysters, but they are usually more valuable in food. Flat oyster is a heat-tolerant species that needs water temperatures above 16-18 degrees to mature sexually and reproduce. They are therefore found in areas where the water is warm enough in the summer, such as a protected area and lakes. European Flat Oyster is one of the types.

Based on End User:

Food Industry: Oysters are in great demand as they are highly nutritious as they are an excellent source of zinc, iron, calcium, as well as vitamin A and vitamin B₁₂. They serve as a major food source in all coastal areas. Oysters are in great demand worldwide.

Pharmaceuticals: There is a great need for oyster under various allopathic and homeopathic remedies, as well as dietary supplements. Research is still underway to find the active ingredients within the oyster and its potential therapeutic benefits.

Oyster Farming Market Regional Insights:

Oyster aquaculture production has grown significantly since 1990, from 1.2 million tons to 6 million tons in 2018 at US $ 7.46 billion. China produces about 85% of the world's oysters and consumes almost all its products. Each year about 50,000 tons of oysters are sold globally. Most oysters are exported from Korea, France and China. In the EU, France, Spain, and Italy are the leading importers of oysters, and France is also one of the leading exporters.

The objective of this report is to present an in-depth analysis of the Oyster Farming market to industry stakeholders. The report provides the recent trends in the Oyster Farming market and how these factors will impact on new business investment and market enhancement during the forecast period. The report also provides an understanding of the potential of the Oyster Farming Market and the competitive structure of the market by analysing market leaders, market fans, and regional players.

The quality and quantity data provided in the Oyster Farming market report assist the readers to understand which market components, regions are expected to grow in value, market factors, and key opportunity areas, which will impact industry growth and predictable market growth with respect to time. The report includes the competitive status of key competitors in the industry and their recent developments in the Oyster Farming market. The report also provides a comprehensive set of factors such as company size, market share, market growth, revenue, production capacity, and profits of key players in the Oyster Farming market.

The report provides Porter's Five Force Model, which helps to frame business strategies in the market. This report helps to provide information regarding how many competitors are there and what the quality of their product is in the Oyster Farming market. The report also analyses whether the Oyster Farming market is easy for a new player to find a place in the market, whether they enter or exit the market regularly, if the market is ruled by a few players, etc.

The report also includes an analysis of PESTEL, which assists in developing company strategies. Political change helps determine how much government can influence the Oyster Farming market. Economic dynamics are helping to analyse the economic impact of the Oyster Farming market. Understanding the impact of the environment and the impact of environmental concerns on the Oyster Farming market is aided by legal aspects.

Oysters Farming Market Scope:

Oyster Farming Market Key Players:

1. Chatham Shellfish Company (United States)
2. JM Clayton Seafood Company (United States)
3. Weifang-based Green Life Foods (China)
4. France Naissain (France)
5. Hog Island Oyster Company (United States)
6. Fujian Jiatian Agricultural Development Co. (China)
7. Hoopers Island Oyster Company (United States)
8. Huitres Favier Earl (France)
9. Huîtres Hélie (France)
10. Pengcheng Marine Products Company (China)
11. Morro Bay Oyster Company (United States)
12. Mere Point Oyster (United States)
13. Westcott Bay Shellfish (United States)
14. Fanny Bay Oyster (Canada)
15. Farm Suzuki (Japan)