Increasing Preference for Seafood as a Snack to Open New Profit Streams for Market Players, States TMR

A new study by Transparency Market Research (TMR) on the global seafood market states that the increasing preference for fish and other seafood, such as crabs, as a snack is propelling this market significantly across the world. The research report is titled “Seafood market - Global Forecast, Market Share, Trends, Size, Growth and Industry Analysis 2016 - 2023,” and it presents a complete overview of this market by considering the market trends and growth prospects.

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According to the report, inventions and variations in seafood items and dishes, together with the growing demand for high-protein fat-free food, globally, is expected to boost this market during the forecast period. In this research study, the worldwide market for seafood has been analyzed on the basis of the product, retail market varieties, and the geographical spread of this market. Based on product, the market has been classified into fish, molluscs, crustaceans, and other seafood. Fish and other seafood, such as oysters, crabs, and octopus are the most preferred seafood among consumers across the world. The popularity of molluscs and crustaceans has also registered steady growth in the recent times.

In terms of retail market varieties, three types of seafood are available in the global market, namely, canned seafood, chilled seafood (smoked and salted), and frozen seafood (ready meal), notes the study. On the geographical front, the report segments the market into Europe North America, Asia Pacific, and the Rest of the World. Europe has been leading the global market over the last few years. The growing consumption of fish and various types of seafood in this region has been driving the growth of North America seafood market in the recent times and is expected to continue doing so throughout the forecast period.

Europe, which holds the second place, is being driven by the immense increase in the import and export of seafood and is likely to retain its position by the end of 2023. Asia Pacific is also projected to experience a robust rise in the demand for seafood over the forecast period, states the report.

The competitive landscape of the global seafood market has also been studied in this report to determine the prevalent market hierarchy. As per the study, Grupo Pescanova, Thai Union Frozen Products, Marine Harvest ASA, Royal Greenland, Cuulong Fish, Abba Seafoods, John Westfoods, and Stone Seafood Co. are the leading companies functional in this market.

Some of the other prominent market players are AquaChile, Fishery Products Int., Tri Marine Int., Surapon Foods Public, Toyo Suisan Kaisha, Austevoll Seafood, Iglo Group, Beijing Princess Seafood Int., Clearwater Seafood, High Liner Foods, Marine Int., Lyons Seafoods, and Leroy Seafood.