Fresh and frozen shellfish consumption in the US has exhibited a consistent upward trend from 2013 to 2023, rising from 4.9 pounds to 6.31 pounds per capita. Notably, year-on-year variations ranged from a high of 9.87% in 2017 to modest declines such as -0.74% in 2022. Over the past two years, the consumption grew by approximately 1.22% annually, reflecting a stable demand. The recent five-year compound annual growth rate (CAGR) is 0.99%, indicating continued moderate growth in the sector.
Looking ahead, the forecasted data from 2024 to 2028 suggests a slight acceleration in consumption, driven by a forecasted 5-year CAGR of 0.86%, culminating in a 4.39% overall growth rate. As of 2024, consumption is projected at 6.4 pounds per capita.
Future trends to watch for include shifts in consumer preferences towards sustainable and locally sourced shellfish, potential impacts of climate change on shellfish availability, and regulatory changes affecting shellfish fishing and farming.
