Global Seafood Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Seafood Market Report by The Business Research Company covers seafood market drivers and restraints, seafood market size, major players, and the impact of COVID-19 on the seafood market.
The seafood market consists of sales of seafood by entities (organizations, sole traders and partnerships) that produce canned seafood, smoke, salt and dry seafood, eviscerate fresh fish, shuck and pack fresh shellfish, process marine fats and oils and/or freeze seafood. Establishments known as floating factory ships that gather and process seafood into canned seafood products are also included in this industry. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The seafood market is segmented into crustaceans, fish and other seafood.
World population is growing and is expected to reach 10 billion by 2050. Increase in population creates more demand for food.
The global seafood market is expected to grow from $240.63 billion in 2020 to $252.61 billion in 2021 at a compound annual growth rate (CAGR) of 5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $335.82 billion in 2025 at a CAGR of 7%.
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Some seafood market trends include fish processing establishments using high pressure processing (HPP) technology to improve operational efficiency. HPP is a non-thermal technology in which the fish is submerged in a liquid placed in a pressure vessel and uses pressures of about 6000 times the average air pressure at sea level to pasteurize fish meat. High pressure processing replaces the need for heating fish produce and chemicals are used for fish preservation. It increases yield by 20-50% and saves processing time and costs. HPP effectively kills microbes and extends the shelf life of the processed fish by 2 to 4 times, without adversely affecting its freshness, flavor, color, texture and nutritional value.
Global seafood market segments include:
1) By Type: Crustaceans, Fish, Other Seafood.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
3) By Product Type: Frozen, Dried, Smoked, Canned, Others.
4) By Nature: Organic, Conventional.
5) By Source: Marine, Inland.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global seafood market share.
Read More On The Seafood Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
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The Seafood Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides seafood market overviews, analyzes and forecasts market size, share, seafood market players, seafood market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The seafood market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Seafood Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Grupo Pescanova, Marine Harvest ASA, Thai Union Frozen Products, Royal Greenland, John Westfoods.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The seafood Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The seafood Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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