Seafood Market Trends, Market Segments, Landscape, Analysis and Forecast–2027
Market Insights:
Market Research Future
has invested its best resources in the research of the global seafood market
size in its latest report on the subject. Growth is projected for the market
over the forecast period between 2018 and 2023. This projection has been
dictated by several factors which have been recorded in the report along with
key market figures regarding key market segments as well as the overall growth
of the global market.
Seafood comprises of
fish, mollusks, crustaceans and various other delicacies which are in high
demand across the world, particularly in coastal areas where seafood is an
important part of the local diet. Seafood is lauded as an incredible source of
various vital nutrients including protein, and omega fatty acids. High obesity
rates and increased incidence of chronic diseases have resulted in an
increasing focus on improving health as a preventative measure. Growing health
consciousness has directly impacted an increased demand for seafood across the
globe. Available in a variety of forms, such as fresh, dried, frozen, smoked
and preserved as well as the abundant availability of various types of fish and
shellfish has been an important factor driving the demand for seafood.
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Growing vegetarianism
is likely to restrain market growth. Moreover, reports of mercury levels rising
in the ocean has both increased the demand for sweetwater fish and hindered the
growth of the overall seafood market size. However, with rising demand for
organic fishing methods is expected to offer the market new avenues for growth.
Market Segmentation:
Segmentation of the
global seafood market size into its various
vital components has been performed on the basis of type, category,
distribution channel, and region.
Types of seafood have
been broadly segmented to include crustaceans, mollusks, fish and others.
Categories of seafood
have been divided into salted seafood, dried seafood, smoked seafood, frozen
seafood, and others.
Distribution channels
for seafood have been segmented into store based, and non-store based.
Segmentation into the
global seafood market size's various vital regional market has been done and
includes Asia Pacific, Europe, North America, and the Rest of the World
Regional Analysis:
The Asia Pacific leads
the market with the highest share of the global seafood market size due to the
high production of seafood in the region. Seafood makes up a vital component of
the diet in many regions of the Asia Pacific as many countries in the have
large coastal areas. In countries like Thailand, and Japan, seafood is integral
in the cuisine and as such is consistently in high demand. Moreover, the region
has a truly significant population size which is urbanizing at a rapid rate. The
general increase in the regions economic status has been key in the rise of
disposable incomes which have led to the increased consumption and demand for
seafood. Additionally, and increasing focus on health consciousness and
recognition of seafood as healthy meat has also impacted the growth of the seafood
market size in the region.
Europe follows the
Asia Pacific market as the second largest regional seafood market size in the
global market due to the increasing preference for healthier meat options.
Moreover, various countries such as Norway, and other Scandinavian countries
have a variety of local delicacies which are dependant on seafood, thus driving
the market growth.
Key Players:
Leading market
participants have been analyzed in MRFR’s global seafood market size report.
Their various growth strategies, market shares and other important details
regarding competition tracking have been included and reported upon in the
report. Players mentioned in the report are Zhanjiang Guolian Aquatic Products
Co., Ltd., Thai Union Group PCL, Tri Marine International, Inc., Cooke
Aquaculture, Inc., Lyons Seafoods, Ltd., Trident Seafoods Corp., Austevoll
Seafood ASA, Amalgam Enterprises, Princes, Ltd., and Dongwon Group.
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NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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