Seafood Market 2021 Analysis, Size, Share, Strategies and Forecast to 2029: Pacific Seafood, Kangamiut Seafood A/S, American Seafoods Company etc.

The seafood industry plays a significant role in the social and economic wellbeing of various nations, feeding a huge part of the world’s population. The seafood industry includes various species such as fishes, prawns, shrimps, and crabs, among others, of which fish accounts for more than 50% of the seafood market share. The seafood demand has been increasing at a significant pace in the specialty restaurants due to shifting customer preference towards exquisite seafood cuisines. In line with this, the coastal regions are continuously working to develop a robust supply chain for exporting seafood.

Debouching global food trends, coupled with rising spending power, are subsequently bolstering the use of seafood across several dishes. Today, customers are inclining towards consuming a wide variety of seafood, especially in western countries. In line with this, the food service providers and restaurants are actively working to introduce new seafood dishes and recipes to the customers living in non-coastal areas, providing an impetus to the market growth.  As per the About seafood, in the U.S., about a billion pounds of canned and pouched tuna is consumed every year.

Growing health and fitness trends among youngsters and millennials is increasing the demand for dietary supplements and protein powder. Fish extracts are extensively used in protein powders and dietary supplements as fish is a low-calorie source of protein, vitamins, minerals, and promotes muscle building. In line with this, companies are launching new dietary supplements using fish extracts to increase the customer base. Seafood contains vitamins and minerals along with protein that help build muscle and tissues. For instance, Bio-marine Ingredients Ireland Ltd offers Fish Protein Hydrolysate with 90% of protein and less than 1% fat. Similarly, Green Marine Protein developed a Green Marine Protein Whole Fish Powder nutritional supplement to gain a competitive edge.

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The Major Players Covered in this Report: Pacific Seafood, Kangamiut Seafood A/S, American Seafoods Company, Phillips Foods, Inc., Trident Seafoods Corporation, Marine Harvest ASA, Thai Union Group PCL, Lee Fishing Company, Leigh Fisheries, Austevoll Seafood ASA, Amalgam Enterprises, Cooke Aquaculture, Inc., Dongwon Group, Empresas AquaChile S.A, Faroe Seafood, Handy Seafood, Inc., Hansung Enterprise Co. Ltd, & More...

Seafood Market Segmentation-
By Fish Type- Crustaceans, Flatfish, Cephalopods, Groundfish, Pelagics, Salmonids, Molluscs, Tuna,
By Sales Channel- Retail, Foodservice, Institutional

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Seafood in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Seafood market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Seafood and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Seafood. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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The report covers exhaustive analysis on:
Overview of the parent market
Global Seafood Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global Seafood Market Forecast 2021 to 2029
Supply & Demand Value Chain
Global Seafood Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements

Key Questions Answered in the Report:
What is the current scenario of the Global Seafood market? How is the market going to prosper throughout the forecast period?

What are the emerging technologies and related tools that are going to profit the market?

What is the current size of the Global Seafood Market?

Which segments are the fastest growing and the largest in the market? What is their market potential?

What are the driving factors contributing to market growth during the short, medium, and long term?

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