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The length of the global seafood market was valued at USD 160. 2 billion in 2021 and is expected to reach USD 207. 2 billion by 2030 with a CAGR of 2. 9% from 2022 to 2030. Europe is the world’s largest importer of fish and seafood.
NEW YORK, USA, Oct. 25, 2022 (GLOBE NEWSWIRE) — Much of the world’s population is nourished by the seafood sector, which has a major effect on the social and economic prosperity of several countries. The seafood sector encompasses a variety of species, adding fish, shrimp, shrimp and crabs, and fish account for more than one share of the market. The popularity of fitness and fitness among millennials and other young people is expanding the demand for protein powder and nutritional supplements. Fish is a low-calorie source of protein, nutrients, and minerals that also helps build muscle. That’s why fish extracts are widely used in protein powders and nutritional supplements.
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Food Service: The Fastest Development of the Seafood Market
On the basis of sales channel, the seafood market is segmented into detail, catering and institutional. The retail segment holds the largest share of the seafood market due to the growing preference for home-cooked foods and the expansion of seafood restaurants. Catering service, on the other hand, is the fastest growing segment due to the conversion of visitors’ lifestyles. Today, consumers would rather have exotic dishes in restaurants than prepare themselves due to the busy meal schedule and the growing trend of dining with friends and family, especially in urban areas. A study commissioned by the Centers for Disease Control and Prevention and the National Center for Health Statistics shows that other people consume mostly seafood at home, accounting for about 58% of total seafood consumption.
Scope of the report
Report metric
Details
Market size
$207. 2 billion through 2030
CAGR
2,9 (2022-2030)
Historical information
2019-2020
Base year
2021
Forecast period
2022-2030
Forecast units
Value (billions of dollars)
Report Coverage
Revenue forecasts, competitive landscape, expansion drivers and trends
Segments covered
Type of fish, carcass, region
Geographical areas covered
North America, Europe, Asia-Pacific, LAME and Rest of the World
Main companies/suppliers profiled
Pacific Seafood, Kangamiut Seafood A/S, American Seafoods Company, Phillips Foods, Inc. , Trident Seafoods Corporation, Marine Harvest ASA, Thai Union Group PCL, Lee Fishing Company, Leigh Fisheries, Austevoll Seafood ASA, Amalgam Enterprises, Cooke Aquaculture, Inc. . . , Dongwon Group, Empresas AquaChile S. A, Faroe Seafood, Handy Seafood, Inc. , Hansung Enterprise Co. Ltd
Key Market Drivers
Uncork food trends and increase buying force to drive market expansion Increase demand for fish protein powder to drive market expansion
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Europe will have the lion’s share of the seafood market
In 2018, approximately USD 22. 1 billion worth of seafood was imported into Europe, up from USD 13. 4 billion in 2015. Developing countries account for approximately 70% of the European seafood market share, and the ten most sensible seafood suppliers are India and China. , Vietnam, Ecuador, Morocco, Bangladesh, Mauritania, Madagascar, Senegal, and Tanzania. However, the COVID-19 outbreak has severely affected the region’s seafood market due to supply chain disruption and government-imposed lockdowns. Seafood imports are expected to decline within two years in Europe. India and Morocco are expected to be the main suppliers of seafood after COVID-19 and in Europe.
Reflexes
With a projected CAGR of 2. 9% from 2022 to 2030, the length of the global fishing industry is expected to grow from 2021 from USD 160. 2 billion to USD 207. 2 billion through 2030.
The seafood market is divided into categories according to type, adding crustaceans, flatfish, cephalopods, groundfish, pelagids, mollusks, salmonids, and tuna.
Salmonids and tuna are the maximum marine species.
Fish protein powder will drive market expansion due to increasing demand
Europe is the world’s importer of fish and seafood.
Key players. Main players
Pacific Seafood
Seafood Kangamiut A/S
American seafood company
Phillips Foods, Inc.
Trident Seafood Company
Marine Harvest ASA
Thai Union Group PCL
Lee Fishing Company
Leigh Fishing
Austevoll Seafood ASA
Amalgam companies
Cooke Aquaculture, Inc.
Dongwon Group
Empresas AquaChile S. A.
Faroese seafood
Practical Seafood, Inc.
Hansung Enterprise Co. Ltd.
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Seafood Market: Segmentation
of fish
Crustaceans
Flounder
cephalopods
Bottom fish
Pelagic
Salmonids
Molluscs
Tuna
by channel
Detail
Food service
Institutional
By region
North America
Europe ×
Asia Pacific
Central and South America and the Caribbean
Middle East
africa
CONTENT
1. Introduction
1. 1 Market definition
1. 2 Scope of the contract
2 Research methodology
2. 1 Main research
2. 2 Research methodology
2. 3 Assumptions and exclusions
2. 4 Secondary data sources
3 Executive summary
4 Market presentation
4. 1 Report Segmentation and Scope
4. 2 Value Chain Analysis: Seafood Market
4. 2. 1 Supplier matrix
4. 3 Key market trends
4. 3. 1 Drivers
4. 3. 2 Restrictions
4. 3. 3 Opportunities
4. 4 Porter’s Five Forces Analysis
4. 4. 1 Negotiation of suppliers
4. 4. 2 Buyer negotiation
4. 4. 3 Threat of substitution
4. 4. 4 Threat of new entrants
4. 4. 5 Competitive rivalry
4. 5 Environmental and regulatory landscape
4. 6 Predictor relevance and impact
4. 7 Macroeconomic and geopolitical scenario
4. 8 Market presentation
4. 9 COVID-19 Impact Assessment
4. 9. 1 Market analysis before and after COVID-19
4. 9. 2 Timeline and challenge of market recovery
4. 9. 3 Measures taken through players
4. 9. 4 Quarterly Revenue and Market Growth Forecast to 2030
4. 9. 4. 1 North America
4. 9. 4. 2 Europe
4. 9. 4. 3 Asia-Pacific
4. 9. 4. 4 Central, South America and the Caribbean
4. 9. 4. 5 Middle East and Africa
4. 10 Technology landscape
4. 11 Market share analysis
4. 12 Potential business analysis
4. 13 Regional price trends
4. 14 Commodity trends
4. 15 Cost Structure Analysis
4. 15. 1 Labour costs
4. 15. 2 Consumables
4. 15. 3 Maintenance Cost
5 Overview of fish types
5. 1 Presentation
5. 1. 1 Market and forecast (value and volume)
5. 2 Crustaceans
5. 2. 1 Market and forecasting (value and volume)
5. 3 Flatfish
5. 3. 1 Market and forecasting (value and volume)
5. 4 Cephalopods
5. 4. 1 Market and forecasting (value and volume)
5. 5 Groundfish
5. 5. 1 Market and forecasting (value and volume)
5. 6 Pelagic
5. 6. 1 Market and forecasting (value and volume)
5. 7 Salmonids
5. 7. 1 Market and forecasting (value and volume)
5. 8 Molluscs
5. 8. 1 Market and forecast (value and volume)
5. 9 Tuna
5. 9. 1 Market and forecasting (value and volume)
5. 10 Other
5. 10. 1 Market and forecast (value and volume)
6 Presentation of the channel
6. 1 Presentation
6. 1. 1 Market and forecasting (value and volume)
6. 2 Retail
6. 2. 1 Market and forecasting (value and volume)
6. 3 Restoration
6. 3. 1 Market and forecasting (value and volume)
6. 4 Institutional
6. 4. 1 Market and forecasting (value and volume)
7 Regional overview
7. 1 Presentation
7. 1. 1 Market and forecasting (value and volume)
7. 2 North America
7. 2. 1 Economic summary
7. 2. 2 Market scenario
7. 2. 3 United States
7. 2. 3. 1 By fish
7. 2. 3. 2 Per channel
7. 2. 4 Canada
7. 2. 4. 1 By fish
7. 2. 4. 2 Per channel
7. 2. 5 Mexico
7. 2. 5. 1 By fish
7. 2. 5. 2 Per channel
7. 2. 6 Central, South America and the Caribbean
7. 2. 7 Economic summary
7. 2. 8 Market scenario
7. 2. 9 Brazil
7. 2. 9. 1 By fish
7. 2. 9. 2 Per channel
7. 2. 10 Argentina
7. 2. 10. 1 Per fish
7. 2. 10. 2 Per channel
7. 2. 11 Columbia
7. 2. 11. 1 Per fish
7. 2. 11. 2 Per channel
7. 2. 12 Those of Central and South America and the Caribbean
7. 2. 12. 1 By fish
7. 2. 12. 2 Per channel
7. 3 Europe
7. 3. 1 Economic summary
7. 3. 2 Market scenario
7. 3. 3 Germany
7. 3. 3. 1 By fish
7. 3. 3. 2 Per channel
7. 3. 4 France
7. 3. 4. 1 By fish
7. 3. 4. 2 Per channel
7. 3. 5 The United Kingdom.
7. 3. 5. 1 Per fish
7. 3. 5. 2 Per channel
7. 3. 6 Italy
7. 3. 6. 1 By fish
7. 3. 6. 2 Per channel
7. 3. 7 Rest of Europe
7. 3. 7. 1 By fish
7. 3. 7. 2 Per channel
7. 4 Asia Pacific (APAC)
7. 4. 1 Economic summary
7. 4. 2 Market scenario
7. 4. 3 China
7. 4. 3. 1 Per fish
7. 4. 3. 2 Per channel
7. 4. 4 Japan
7. 4. 4. 1 By fish
7. 4. 4. 2 Per channel
7. 4. 5 India
7. 4. 5. 1 Per fish
7. 4. 5. 2 Per channel
7. 4. 6 Australia
7. 4. 6. 1 Per fish
7. 4. 6. 2 Per channel
7. 4. 7 South Korea
7. 4. 7. 1 By fish
7. 4. 7. 2 Per channel
7. 4. 8 ACPA
7. 4. 8. 1 By fish
7. 4. 8. 2 Per channel
7. 5 Middle East
7. 5. 1 Economic summary
7. 5. 2 Market scenario
7. 5. 3 Saudi Arabia
7. 5. 3. 1 By fish
7. 5. 3. 2 Per channel
7. 5. 4 UAE
7. 5. 4. 1 By fish
7. 5. 4. 2 Per channel
7. 5. 5 Qatar
7. 5. 5. 1 Per fish
7. 5. 5. 2 Per channel
7. 5. 6 Oman
7. 5. 6. 1 Per fish
7. 5. 6. 2 Per channel
7. 5. 7 Turkey
7. 5. 7. 1 Per fish
7. 5. 7. 2 Per channel
7. 5. 8 MEA
7. 5. 8. 1 Per fish
7. 5. 8. 2 Per channel
7. 6 Africa
7. 6. 1 Economic summary
7. 6. 2 Market scenario
7. 6. 3 Nigeria
7. 6. 3. 1 By fish
7. 6. 3. 2 Per channel
7. 6. 4 South Africa
7. 6. 4. 1 Per fish
7. 6. 4. 2 Per channel
7. 6. 5 Africa
7. 6. 5. 1 By fish
7. 6. 5. 2 Per channel
8 Competitive landscape: manufacturers and suppliers
8. 1 Competition board
8. 2 Industry structure
8. 3 Pacific Seafood
8. 3. 1 Presentation of the activity
8. 3. 2 Financial performance
8. 3. 3 Recent developments
8. 3. 4 Product portfolio
8. 4 Kangamiut Seafood A/S
8. 4. 1 Presentation of the activity
8. 4. 2 Financial performance
8. 4. 3 Recent developments
8. 4. 4 Product portfolio
8. 5 American seafood company
8. 5. 1 Presentation of the activity
8. 5. 2 Financial performance
8. 5. 3 Recent developments
8. 5. 4 Product portfolio
8. 6 Phillips Foods, Inc.
8. 6. 1 Presentation of the activity
8. 6. 2 Financial performance
8. 6. 3 Recent developments
8. 6. 4 Product portfolio
8. 7 Trident Seafood Corporation
8. 7. 1 Company presentation
8. 7. 2 Financial performance
8. 7. 3 Recent developments
8. 7. 4 Product portfolio
8. 8 ASA Marine Harvest
8. 8. 1 Company presentation
8. 8. 2 Financial performance
8. 8. 3 Recent developments
8. 8. 4 Product portfolio
8. 9 Thai Union Group PCL
8. 9. 1 Company presentation
8. 9. 2 Financial performance
8. 9. 3 Recent developments
8. 9. 4 Product portfolio
8. 10 Lee Fishing Company
8. 10. 1 Company presentation
8. 10. 2 Financial performance
8. 10. 3 Recent developments
8. 10. 4 Product portfolio
8. 11 Leigh fisheries
8. 11. 1 Company presentation
8. 11. 2 Financial performance
8. 11. 3 Recent developments
8. 11. 4 Product portfolio
8. 12 Austevoll Seafood ASA
8. 12. 1 Company presentation
8. 12. 2 Financial performance
8. 12. 3 Recent developments
8. 12. 4 Product portfolio
9 Conclusion and recommendation
10 Acronyms and abbreviations
Table of Contents and Figure @ https://straitsresearch. com/report/seafood-market/toc
Media
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