Sea
food refers to all the varieties of fish, crustaceans and molluscs
either in fresh or processed form. Sea food is rich in proteins and
is considered one of the best foods for body and mind. Farmed fishes
or aquaculture have become mainstream in supplying seafood to the
retail segment as well as for export.
Global
seafood market
can be segmented on the basis of product categories such as
Crustaceans, Molluscs, Fish and other seafood. The market can also be
segmented on the basis of retail market varieties as canned seafood
products, frozen (ready meal) and chilled (smoked and slated). The
seafood market can also be segmented on the basis of geographies
namely North America, Asia Pacific, Europe and Rest of the World.
East
and South-east Asia combined is the largest producer of seafood.
Innovative farm practice, slaughtering and packaging techniques have
made the market highly lucrative and is expected to grow with a
considerable single digit CAGR from 2013-2019. There is a high demand
of sustainable and eco-friendly production of seafood to fulfill the
rising demand of seafood in an ethical manner. Growth in distribution
network and rising affluent class demanding for luxury food has
increased the demand of seafood globally.
The
key driving factors are innovations and variations in seafood dishes
and demand for proteinaceous fat-free food worldwide. Exclusive
restaurants providing exotic seafood and changing taste of consumers
are some other factors responsible for the growth of seafood market
globally. Some of the restraining factors are short shelf life of the
product, government regulations on raising and packaging of seafood
and diseases outbreaks while raising and processing seafood.
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Key
players dominating this market include Grupo Pescanova, Marine
Harvest ASA, Thai Union Frozen Products, Royal Greenland, John
Westfoods, Abba Seafoods, Cuulong Fish and Stone Seafood Company.
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report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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