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According to the latest report by IMARC Group, titled "Oyster Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global oyster market is expected to exhibit a CAGR of 3.49% during 2022-2027. Oysters are any member of the Ostreidae or Aviculidae family that are bivalve mollusks. They are found in temperate and warm coastal regions and naturally grow in marine or brackish water. They are made up of two valves that differ in shape and texture with rough surfaces and grey color. The upper valve is in the shape of a convex mirror which is fixed to the bottom surface that is larger and has smoother edges. Apart from being farmed for producing pearls, they are widely consumed as a delicacy as they are a rich source of minerals, zinc, copper, niacin, riboflavin, omega-3 fatty acids and vitamin C. Their consumption is widely associated with boosting immunity, improving bone strength, enhancing cardiovascular health and promoting weight loss.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Oyster Market Trends:
The global market is primarily driven by significant growth in the bivalve aquaculture sector. Supported by the increasing number of seafood trade activities across the globe, this is providing an impetus to the market growth. Moreover, due to the growing health consciousness among the masses, there has been a considerable rise in the consumption of bivalves and thick-shelled seafood variants. This is further supported by the growing preference for a protein-rich diet among individuals and the widespread popularity of inter-continental foods. The market has further been driven by the introduction of canned and frozen oyster variants in the market that are gaining widespread prominence among the masses due to their extended shelf life and ease of storage. Moreover, several key players are now adopting innovative solutions that assist in the domestication and in-house oyster cultivation in artificial marine-like environments. This enables them to mass-produce oysters in an efficient manner to cater to the ever-increasing consumer demand. Some of the other factors contributing to the market growth include the inflating per capita income levels and the rising preference for gourmet seafood cuisines.
Market Summary:
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