Seafood Market Overview
In recent years, there has been a steady increase in the demand for seafood in specialty restaurants. A big portion of the population prefers seafood to other cuisines, which is a major driver of market demand. Coastal regions are also working hard to build reliable supply networks for exporting and providing seafood. The ease with which seafood may be obtained from coastal regions is crucial to the market's growth. Several seafood restaurants and chains have established themselves across the globe, and this feature will help the sector mature and flourish. The overall volume of sales in the global seafood market is expected to surge in the coming years.
Tuna's use in sandwiches, baguettes, and bagels has generated new interest in the global seafood market. People living in arid, non-coastal areas are being introduced to new seafood recipes, which is a significant consideration in terms of market growth.
On the other hand, short shelf life of the product, government controls on the raising and packing of seafood, and disease outbreaks when raising and processing seafood are all restricting factors for the growth of the global Seafood market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product, Retail, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Grupo Pescanova, Marine Harvest ASA, Thai Union Frozen Products, Royal Greenland, John Westfoods, Abba Seafoods, Cuulong Fish and Stone Seafood Company. |
Covid-19 Impact on Seafood Market
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, supply chain, training, safety, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in the beverage industry is facing a devastating effect of a pandemic. Around 13% to 15% of the craft beer sector in the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, the shortage of raw materials caused to shut down of many small to medium food processing companies around the world.
Seafood Market Segment Overview
Based on the Product, Fish is one of the largest segments in the global Seafood market. All types of fish, crustaceans, and mollusks, whether fresh or processed, are considered seafood. Seafood is high in protein and is regarded as one of the healthiest foods available. Farmed fish or aquaculture has become a common source of seafood for both the retail and export markets.
Chefs have refined new recipes and cuisines using fish, prawns, and trout as the main ingredients. The popularity of these recipes has aided in increasing demand for seafood around the world. Seafood has been popular all around the world as a result of the necessity to respond to the demands of consumers of all ages and preferences.
Seafood Market, By Product
· Crustaceans
· Molluscs
· Fish
· Other Seafood
Seafood Market, By Retail
· Canned Seafood Products
· Frozen (Ready Meal)
· Chilled (Smoked and Slated)
Seafood Market Regional Overview
Geographically, Europe is a major region for the global Seafood market. Seafood is highly popular in Europe's coastal regions. In addition, regional fast-food businesses have embraced the idea of selling popular seafood dishes. As new sellers enter the market, the Asia Pacific seafood market is expected to rise at a rapid pace. Restaurants that are native to the area have also played a significant role in market expansion. Furthermore, rising seafood demand in India and China has contributed significantly to the global market's expansion.
Seafood Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Seafood Market, Key Players
· Grupo Pescanova
· Marine Harvest ASA
· Thai Union Frozen Products
· Royal Greenland
· John Westfoods
· Abba Seafoods
· Cuulong Fish and Stone Seafood Company
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Seafood market?
A big portion of the population prefers seafood to other cuisines, which is a major driver of market demand
Q2. Which Segments are covered in the global Seafood market report?
Product, Retail, and Region. these segments are covered in the global Seafood market report
Q3. Which segment is projected to hold the largest share in the global Seafood market?
The fish segment is projected to hold the largest share in the global Seafood market.
Q4. Which region holds the largest share in the global Seafood market?
Europe held the largest share in the global Seafood market.
Q5. Which are the prominent players in the global Seafood market?
Grupo Pescanova, Marine Harvest ASA, Thai Union Frozen Products, Royal Greenland, John Westfoods, Abba Seafoods, Cuulong Fish and Stone Seafood Company. are some key players in the global Seafood market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Seafood Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Crustaceans
- 5.2.2. Molluscs
- 5.2.3. Fish
- 5.2.4. Other Seafood
- 5.3. Market Analysis, Insights and Forecast – By Retail
- 5.3.1. Canned Seafood Products
- 5.3.2. Frozen (Ready Meal)
- 5.3.3. Chilled (Smoked and Slated)
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Seafood Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Crustaceans
- 6.2.2. Molluscs
- 6.2.3. Fish
- 6.2.4. Other Seafood
- 6.3. Market Analysis, Insights and Forecast – By Retail
- 6.3.1. Canned Seafood Products
- 6.3.2. Frozen (Ready Meal)
- 6.3.3. Chilled (Smoked and Slated)
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Seafood Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Crustaceans
- 7.2.2. Molluscs
- 7.2.3. Fish
- 7.2.4. Other Seafood
- 7.3. Market Analysis, Insights and Forecast – By Retail
- 7.3.1. Canned Seafood Products
- 7.3.2. Frozen (Ready Meal)
- 7.3.3. Chilled (Smoked and Slated)
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Seafood Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Crustaceans
- 8.2.2. Molluscs
- 8.2.3. Fish
- 8.2.4. Other Seafood
- 8.3. Market Analysis, Insights and Forecast – By Retail
- 8.3.1. Canned Seafood Products
- 8.3.2. Frozen (Ready Meal)
- 8.3.3. Chilled (Smoked and Slated)
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Seafood Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Crustaceans
- 9.2.2. Molluscs
- 9.2.3. Fish
- 9.2.4. Other Seafood
- 9.3. Market Analysis, Insights and Forecast – By Retail
- 9.3.1. Canned Seafood Products
- 9.3.2. Frozen (Ready Meal)
- 9.3.3. Chilled (Smoked and Slated)
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Grupo Pescanova
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Marine Harvest ASA
- 10.6. Thai Union Frozen Products
- 10.7. Royal Greenland
- 10.8. John Westfoods
- 10.9. Abba Seafoods
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
