Seafood market - Global Forecast, Market Share, Trends, Size, Growth and Industry Analysis 2016 - 2023
- Transparency Market Research
Sea food refers to all the varieties of fish, crustaceans and molluscs either in fresh or processed form. Sea food is rich in proteins and is considered one of the best foods for body and mind. Farmed fishes or aquaculture have become mainstream in supplying seafood to the retail segment as well as for export.
Global seafood market can be segmented on the basis of product categories such as Crustaceans, Molluscs, Fish and other seafood. The market can also be segmented on the basis of retail market varieties as canned seafood products, frozen (ready meal) and chilled (smoked and slated). The seafood market can also be segmented on the basis of geographies namely North America, Asia Pacific, Europe and Rest of the World.
East and South-east Asia combined is the largest producer of seafood. Innovative farm practice, slaughtering and packaging techniques have made the market highly lucrative and is expected to grow with a considerable single digit CAGR from 2013-2019. There is a high demand of sustainable and eco-friendly production of seafood to fulfill the rising demand of seafood in an ethical manner. Growth in distribution network and rising affluent class demanding for luxury food has increased the demand of seafood globally.
The key driving factors are innovations and variations in seafood dishes and demand for proteinaceous fat-free food worldwide. Exclusive restaurants providing exotic seafood and changing taste of consumers are some other factors responsible for the growth of seafood market globally. Some of the restraining factors are short shelf life of the product, government regulations on raising and packaging of seafood and diseases outbreaks while raising and processing seafood.
Key players dominating this market include Grupo Pescanova, Marine Harvest ASA, Thai Union Frozen Products, Royal Greenland, John Westfoods, Abba Seafoods, Cuulong Fish and Stone Seafood Company.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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