Seafood Market Expansion Roadmap and Disruptive Trends by 2032
Seafood generally consists of the food that is derived from the sea and these are categorized as fish, crustaceans, and molluscs seafood. Increasing awareness and changing lifestyles have forced people to focus on their decorating health and seafood provides a variety of health benefits which attributes to the growth of the seafood market worldwide. The lifestyle of the customer is slowly changing towards non-vegetarian food and a combination of seafood with vegetarian food excluding beef, poultry, pork, and others which are known as pescetarianism.
Seafood Market size was valued at USD 299.65 billion in 2023 and is poised to grow from USD 315.83 billion in 2024 to USD 481.04 billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032)
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Beef and pork contain harmful substances and a variety of anabolic to treat the meat and grow it, which could affect the health of people consuming it. These are some of the reasons the consumer nowadays prefers seafood as no anabolics and harmful chemicals are used to rear these creatures. The growing awareness of people regarding the living conditions of farmed animals such as poultry, beef cattle, and pork at farms has also made people change their eating preferences from non-vegetarian to pescetarianism. Which in turn will increase the demand for seafood in the coming years.
Market Segmentation:
Global Seafood Market is segmented by Type, Product Type, Nature, Distribution Channel and region.
Based on Type, the market is segmented into Fish, Crustaceans, Mollusks and Other Seafood.
Based on Product Type, the market is segmented into Fresh, Frozen, Dried, Smoked and Canned.
Based on Nature, the market is segmented into Organic and Conventional. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Sales Channel and Other Distribution Channels.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Seafood Market Key Players:
Thai Union Group (Thailand)
Maruha Nichiro Corporation (Japan)
Nippon Suisan Kaisha, Ltd. (Japan)
Mowi ASA (Norway)
Trident Seafoods (USA)
High Liner Foods (Canada)
Pacific Seafood Group (USA)
Dongwon Industries (South Korea)
Chareon Pokphand Foods PCL (Thailand)
Austevoll Seafood ASA (Norway)
Beaver Street Fisheries (USA)
Red Chamber Group (USA)
SeaPak Shrimp & Seafood Co. (USA)
Clearwater Seafoods (Canada)
Cooke Aquaculture (Canada)
Grupo Nueva Pescanova (Spain)
Royal Greenland A/S (Greenland)
Empresas AquaChile S.A. (Chile)
Inland Seafood Inc. (USA)
Essential regions of the Seafood market are:
• Seafood North America Market includes (Canada, Mexico, USA)
• Seafood Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Seafood Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Seafood South America Market includes (Brazil, Argentina)
FAQs: -
1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Seafood industry.
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Looking ahead, the Seafood Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global
Seafood Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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