The global Seafood
market is expected to reach market valuation of US$ 110.2
Bn by the year 2022, accelerating with a CAGR of 3.6% by 2022-2032.
Seafood sales grew at a CAGR of 3.3% between 2017 and 2022 and will grow at a
CAGR of 3.6% between 2022 and 2032. As per FMI, the U.S. Seafood market totaled
USD 28.5 Bn in 2022 which is approximately 25.9% of the global Seafood market.
Digital technology offered new outlets for many fisherfolk
and aquaculture suppliers when COVID-19 upended the import/export sector. Those
that were quick enough to convert their products to a digital marketplace could
sell and deliver straight to customers.
Fish Tiangge, a USAID Fish Right initiative in the
Philippines, launched an online platform using Facebook in May 2020 to connect
fishermen with local consumers. This single programme linked 6,000 fishermen
with almost 300,000 households, boosting local food security and maintaining
the livelihoods of thousands of fishermen.
Digital technology is also assisting in the modernization of
fishing and aquaculture operations, as well as increasing earnings and raising
awareness of sustainable seafood best practises. For example, in India, we’re
cooperating with AquaConnect to deliver digital solutions that assist shrimp
farmers in identifying quality items and making farm-input purchases. Farmers also
receive announcements and documents about growth and disease advisories, as
well as advice and information on inexpensive financing and resources to
connect to other Indian markets.
In the coming years, digital technology will continue to be
a major source of industry evolution and innovation, particularly when it comes
to sustainable seafood trends.
“While COVID-19 presented challenges to many small-scale
fisherfolk and aquaculture providers, it also revealed areas where the seafood
industry may improve its supply chains to become more robust and
sustainable.” said a lead analyst at FMI.
Who is winning?
Some of the leading companies offering Seafood are Amalgam
Frozen Foods Pvt. Ltd. (AFFL), American Seafoods Company, Austevoll Seafood
ASA, Cooke, Inc., Dongwon F&B, Faroe Seafood, Handy Seafood, Inc., Hansung
Enterprise Co. Ltd, High Liner Foods Incorporated, Kangamiut Seafood A/S, Lee
Fishing Company, Leroy Seafood Group, Lyons Seafoods Limited, Mowi ASA, Pacific
Seafood, Phillips Foods, Inc., Princes, Ltd., Sajo Group, Shanghai Fisheries
Group Co., Ltd., Stolt Sea Farm, Surapon Foods Public Company Limited, Tassal
Group Limited, Thai Union Group PCL, Tri Marine International, Inc., Trident
Seafoods Corporation, Young`s Seafood Limited, Zhanjiang Guolian Aquatic
Products Co., Ltd., and Others.
Get Valuable Insights into Seafood market
Future Market Insights, in its new offering, provides an
unbiased analysis of the Seafood market presenting historical demand data
(2016-2020) and forecast statistics for the period from 2021-2031.
Seafood Market By Category
By Nature, Seafood Market is Segmented as:
- Organic
- Conventional
By Source, Seafood Market is Segmented as:
- Farm
Raised
- Wild
Caught
By Product Type, Seafood Market is Segmented as:
- Ground
Fish
- Pelagics
- Tuna
- Salmonids
- Molluscs
- Crustaceans
- Lobsters
- Crabs
- Shrimp
- Other
Product Types (Prawns, Trouts, etc)
By Form, Seafood Market is Segmented as:
- Fresh
- Chilled
- Frozen
- Ambient
By End Use, Seafood Market is Segmented as:
- Food
- Pharmaceutical
- Cosmetics
- Industrial
- Biotechnology
- Household
Retail
By Sales Channel, Seafood Market is Segmented as:
- Direct
- Indirect
- Modern
Trade
- Convenience
Stores
- Specialty
Food Stores
- Wholesale
Stores
- Discount
Stores
- Online
Retail
- Other
Retail Formats
By Region, Seafood Market is Segmented as:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- Middle
east and Africa
Frequently Asked Questions
- How
Big is the Seafood Market?
- What
is the North America Seafood Market Outlook?
- At
What Rate will Seafood Demand Grow in Europe?
- At
What Rate Will Seafood Demand Grow in Japan?
Read More: https://www.futuremarketinsights.com/reports/seafood-market
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