The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global seafood market, with a noteworthy growth from $250.02 billion in 2022 to $269.34 billion in 2023, is riding the wave of a robust compound annual growth rate (CAGR) of 7.7%. As we dive into the intricacies of this dynamic market, factors such as the burgeoning world population, evolving food demand, and innovative processing technologies stand out as key catalysts propelling the seafood industry forward.

**1. Population Surge and Escalating Food Demand

• The world’s population is on a trajectory to reach 10 billion by 2050, fostering a significant surge in food demand.
• According to “The Agricultural Outlook” by the OECD and FAO, global cereal production is anticipated to witness a 13% increase by 2027.
• Rising population creates a ripple effect, driving demand for food and beverage products, including the seafood manufacturing market.

**2. Market Leaders Steering the Course

• Major companies in the seafood market, including Mowi ASA, Thai Union Group PCL, and Maruha Nichiro Corporation, are at the forefront of innovation and sustainability.
• Fish processing establishments are embracing high-pressure processing (HPP) technology, a non-thermal method revolutionizing operational efficiency and preservation practices.

**3. Revolutionizing Fish Processing with HPP Technology

• High-Pressure Processing (HPP):
  • HPP is a cutting-edge technology transforming fish processing by utilizing pressures about 6000 times the average air pressure at sea level for pasteurizing fish meat.
  • Benefits of HPP include increased yield by 20–50%, reduced processing time and costs, and extended shelf life of processed fish without compromising freshness, flavor, or nutritional value.
  • Avure Technologies and Food Science Australia have pioneered HPP technologies, now widely adopted in the seafood industry.

**4. Segmentation Insights: Navigating the Diverse Market Landscape

• Market Segmentation Overview:
  • Type: Crustaceans, Fish, Other Seafood.
  • Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels.
  • Product Type: Frozen, Dried, Smoked, Canned, Other Product Types.
  • Nature: Organic, Conventional.
  • Source: Marine, Inland.

**5. Regional Dynamics: Asia-Pacific Takes the Lead

• Asia-Pacific emerges as the largest region in the seafood market in 2022, showcasing its dominance in the global seafood landscape.
• The region’s strategic significance is reflected in its market share, underlining its role as a key player in the industry’s growth.

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Read The Full Seafood Market Report Here:
https://www.thebusinessresearchcompany.com/report/seafood-global-market-report

The Seafood Global Market Report 2023  provides an overview of the seafood market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The seafood market forecast analyzes seafood market size, seafood market share, leading competitor and their market positions.

The Table Of Content For The Seafood Market Include:
1. Seafood Market Executive Summary
2. Seafood Market Segments
3. Seafood Market Size And Seafood Market Growth Rate
4. Key Seafood Market Trends
5. Major Seafood Market Drivers
……
25. Key Mergers And Acquisitions In The Seafood Market
26. Top Seafood Companies
27. Seafood Market Opportunities And Strategies
28. Seafood Market, Conclusions And Recommendations
29. Appendix

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