Global Seafood Market to Gain Traction with Increasing Consumption in Asia Pacific Nations

A new research study has recently been added by Transparency Market Research to its vast collection of market intelligence reports. The research study, titled “Seafood market - Global Forecast, Market Share, Trends, Size, Growth and Industry Analysis 2016 – 2023,” offers a detailed analysis of the market. The growth prospects, opportunities, and the current trends in the global seafood market have been discussed at length in the research study. In addition to this, the regional outlook, estimated statistics, and the key segmentation have been mentioned in the report. Moreover, a detailed study of the competitive landscape of the global seafood market has also been provided in the scope of the research study.

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Variations and innovations in seafood dishes and the growing demand for proteinaceous fat-free food are considered as the major factors that are anticipated to accelerate the growth of the global seafood market throughout the forecast period. In addition, a significant rise in the number of exclusive restaurants who offer exotic seafood and the changing preference for food taste are some of the other factors that are estimated to encourage the growth of the overall market in the coming years. On the flip side, the short shelf life of the product and the strict government rules and regulations on the packaging of seafood are some of the key factors that are predicted to curtail the overall growth of the market in the near future.

Among the key regional segments, Asia Pacific is projected to account for a large share of the global seafood market in the next few years. The high growth of this segment can be attributed to the rising consumption of seafood in the last few years. In addition, the tremendously rising population and the increasing disposable income of consumers are some of the other major factors that are estimated to accelerate the overall growth of the global seafood market throughout the forecast period. According to the research study, this region is estimated to maintain its dominance throughout the forecast period and register a promising growth rate in the coming years.

The global seafood market is competitive in nature and is estimated to witness a healthy competition in the next few years. Some of the key players operating in the seafood market across the globe are Stone Seafood Company, Marine Harvest ASA, Thai Union Frozen Products, Cuulong Fish, Royal Greenland, John Westfoods, Abba Seafoods, and Grupo Pescanova. These players are focusing on innovations and expansion of product portfolio, which are anticipated to accelerate the growth of the overall market in the next few years. In addition, the rising number of players and the growing mergers and acquisition are further projected to enhance the competition and accelerate the market growth in the next few years.

Global Seafood Market Driven by Demand for Fat-free and Exotic Varieties, says TMR

A new market study by Transparency Market Research, titled “Seafood Market - Global Forecast, Market Share, Trends, Size, Growth and Industry Analysis 2016–2023,” provides an in-depth study of the value chain of the market, profiling some of the key players and revealing their strategies to maintain a stronghold at the global as well as regional level. The study informs readers about the factors that are primed to elevate the lucrative global market for seafood. Surging demand for eco-friendly production methods and shift in consumer preference towards fat-free and exotic varieties of seafood. The research also explores some of the key restraints that are expected to curtail the growth rate at the global level.

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Seafood refers to all the varieties of fish, molluscs, crabs, crustaceans, and calamari either in the fresh or processed form. Seafood is considered among the best foods for the body and mind as it is rich in proteins. In recent times, farmed fishes or aquaculture have become mainstream in supplying seafood to the domestic retail market or for export. The report makes use of Porter’s five forces analysis model to create an authentic landscape of the future competitiveness of market participants, threats from new or domestic entrants, as well as the bargaining power of players and consumers.

The report segments the global seafood market on the basis of product type into crustaceans, molluscs, fish, and other seafood whereas on the basis of retail market varieties, it divides it into canned seafood products, frozen (ready to eat meal) and chilled (smoked and salted). Report also explores the global market for seafood on the basis of geography namely North America, Asia Pacific, Europe and Rest of the World.

According to the report, East and South East Asia are the combined leader in of seafood production. Innovative farm practices as well as improved slaughtering and packaging techniques are being employed and the market for seafood is expected to grow at a significant single-digit CAGR between the forecast periods of 2013 to 2019. The report also observes that there is a high demand for sustainable and eco-friendly production of seafood to meet the growing demand for seafood in an ethical manner (production that does not include child labor, human trafficking, or illegal migrant labor). Rising affluence is also helping expand the demand for luxury seafood. Moreover, variations in seafood dishes and demand for proteinaceous fat-free food is gradually gaining globally too. Furthermore, the demand in the seafood market is also being propelled due to an increasing number of exclusive restaurants that serve exotic seafood according to changing consumer tastes.

Some of the prominent players in the global market for seafood include Grupo Pescanova, Marine Harvest ASA, Royal Greenland, Thai Union Frozen Products, Abba Seafoods, John Westfoods, Cuulong Fish, and Stone Seafood Company.

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. 

Seafood Health Facts Market:Global Forecast, Market Share,Industry Analysis 2016 – 2023

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.

The 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.

Seafood market - Global Forecast, Market Share,Industry Analysis 2016 – 2023

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.

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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The 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.