Global Seafood Market Trends And Strategies Of Major Players In The Seafood Market 2021-2030
19 Mar, 2021
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.
Global Seafood Market Size And Drivers:
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 market is expected to reach $335.82 billion in 2025 at a CAGR of 7%.
The world population is growing and is expected to reach 10 billion by 2050. This increase in population creates more demand for food.
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Trends In The Global Seafood Market
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, flavor, color, texture and nutritional value. HPP technologies developed by Avure Technologies and Food Science Australia are being widely used in fish processing.
Global Seafood Market Segments:
The global seafood market is further segmented based on type, distribution channel, product type, nature, source and geography.
By Type: Crustaceans, Fish, Other Seafood.
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 global seafood market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global seafood market, accounting for 39% of the total market.
Read More On The Report For The Global Seafood Market At:https://www.thebusinessresearchcompany.com/report/seafood-global-market-report-2020-30-covid-19-impact-and-recovery
Seafood Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides seafood market overviews, analyzes and forecasts market size and growth for the global seafood market, seafood market share, seafood market players, seafood market segments and geographies, seafood 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.