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Market Overview of Global Fish and Seafood market:
According to our latest research, the global Fish and Seafood market looks promising in the next 5 years. As of 2022, the global Fish and Seafood market was estimated at USD 173505.84 million, and it's anticipated to reach USD 227641.5 million in 2028, with a CAGR of 4.63% during the forecast years.
Fish and seafood refer to those aquatic animals from the oceans that are edible in nature. They are often preferred over poultry and beef meat as they contain an almost equivalent amount of protein while being lower in calories. They can be poached, baked, steamed, broiled, deep-fried, and maybe cooked into soups, stews, bisques, and chowders. Some varieties can also be consumed raw.
Fish and Seafood Drivers
Consumers are turning to a healthy lifestyle, which has led to a large demand for healthy foods with nutritional value. However, seafood contains high protein, low calories, and a variety of vitamins and minerals. Eating seafood can reduce the risk of heart attack, stroke, high blood pressure and obesity. It also provides essential nutrition for the development of infants and children. Seafood is one of the best diet foods for obese people. It is composed of low total fat and saturated fat; most fish have a fat content of less than 5%. In addition, fish contains omega-3 fatty acids, which have many additional health benefits to humans. This advantage has promoted the development of the fish and seafood market.
Consumers' interest in sustainable food production will continue to grow, especially in wealthy developed countries. The depletion of fish resources and forests and the impact of production on the climate are among the concerns raised by consumers. Legislation will strengthen the trend of sustainable production.
Ecolabels are the most famous example of transforming consumers' sustainability concerns into the fish and seafood market. Owning the right to use the eco-label does not necessarily mean an increase in the income of fishermen or farmers, but it can certainly avoid rejection due to environmental criticism from the fishery and aquaculture industry.
Region Overview:
Europe had the highest growth rate of all regions.
Company Overview:
The top three companies are Thai Union Frozen Products, Mowi and Leroy Seafood Group with the revenue market share of 2.61%, 1.72% and 1.53% in 2020.
Thai Union Frozen Products is a Thailand-based company engaged in the manufacture and export of frozen and canned seafood. The Company's operations are divided into five groups: production and export of frozen and canned food products, production and distribution of packaging products, production and distribution of animal feeds and agriculture products, food business in domestic market and overseas investment.
Mowi operates as a seafood company. The Company supplies sustainably farmed salmon and processed seafood to worldwide. The company is present in all major salmon farming regions in the world.
Segmentation Overview:
Among different product types, Fresh and Chilled Fish and Seafood segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Direct Consumption segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Fish and Seafood market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Fish and Seafood Market Report:
Market Size Estimates: Fish and Seafood market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Fish and Seafood market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Fish and Seafood market
Segment Market Analysis: Fish and Seafood market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Fish and Seafood market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Fish and Seafood Market: Revenue and sales volume of major countries in each region
Fish and Seafood Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Fish and Seafood market in major regions.
Fish and Seafood Industry Value Chain: Fish and Seafood market raw materials & suppliers, manufacturing process, distributors, downstream customers
Fish and Seafood Industry News, Policies & Regulations
Key players in the global Fish and Seafood market are covered in Chapter 12:
Surapon Foods
Dong Won Fisheries
Thai Union Frozen Products
Princes Group
Kverva
High Liner Foods
Labeyrie Fine Foods
Mowi
Faroe Seafood
Nomad Foods
ZONECO
Stolt Sea Farm
Tassal Group
Leroy Seafood Group
Hansung Enterprise
In Chapter 2 and Chapter 15.1, based on types, the Fish and Seafood market from 2018 to 2028 is primarily split into:
Fresh and Chilled Fish and Seafood
Canned Fish and Seafood
Frozen Fish and Seafood
Other Fish and Seafood
In Chapter 3 and Chapter 15.2, based on applications, the Fish and Seafood market from 2018 to 2028 covers:
Direct Consumption
Processing Consumption
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Fish and Seafood market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028