Seafood Market by 2023 with global industry players: Pacific Seafood, Kangamiut Seafood A/S, American Seafoods Company, Phillips Foods
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Seafood comprise fish, molluscs, crustaceans, other aquatic animals, aquatic plants, and microphytes. Fish holds a major share in the global seafood market in 2016. The factors driving the demand of seafood are changes in lifestyle of people, increase in population, and cost-effectiveness of these meals. In addition, rise in health awareness and benefits offered by seafood, such as high proteins, fatty acids, and vitamins, are expected to boost its demand in the near future.
The global seafood market is characterized by increase in trade across the globe. As fish is highly perishable, proper processing, and packing of seafood is required for effective trading. The major companies in the global seafood market collaborated with major foodservice providers & retailers to expand their outreach in their global market.
The ground fish segment is expected to dominate the global market during the forecast period. However, the flat fish segment is anticipated to gain traction in the near future. The convenience offered by frozen fish in terms of cooking is projected to supplement the growth of aforementioned segments. In 2016, the flat fish and ground fish segments collectively accounted for more than one-fourth share of the global market.
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The retail segment accounted for a significant share in the global market in 2016, and is anticipated to maintain its dominance during the forecast period due to growing preference of people for shopping food products from stores rather than online portals. In addition, availability of fresh seafood is expected to supplement the growth of the retail segment in the near future.
Seafood Market: https://www.alliedmarketresearch.com/press-release/seafood-market.html
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