Global Seafood Market Outlook, Opportunities And Strategies – Includes Seafood Market Share
Learn about the global seafood market through The Business Research Company, which provides information on seafood market size, seafood market drivers and restraints, seafood market players, the COVID-19 impact on the seafood market, and more.
The global seafood market size is expected to grow from $236.81 billion in 2021 to $262.81 billion in 2022 at a compound annual growth rate (CAGR) of 11.0%. The global seafood market size is expected to grow to $387.75 billion in 2026 at a CAGR of 10.2%.
The companies in the seafood market are expected to benefit from rising demand for food and beverage products including the seafood manufacturing market due to the rising population, during the forecast period.
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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 frozen 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.
Global Seafood Market Segments Include:
By Type: Crustaceans, Fish, Others
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
By Product Type: Frozen, Dried, Smoked, Canned, Others
By Nature: Organic, Conventional
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 was the largest region in the seafood market in 2021.
Fish processing establishments are 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, flavour, colour, texture, and nutritional value.
Major Market Players: Mowi ASA, Thai Union Group PCL, Austevoll Seafood, Maruha Nichiro Corporation, Trident Seafoods Corporation., The Kraft Heinz Company, High Liner Foods, Young’s Seafood Ltd, Nichimo Co Ltd, and Nichirei Corporation.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Seafood Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.
TBRC’s seafood market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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