Seafood Market by Nature, Product Type, Form, End-Use, Sales Channel & Region - Forecast 2023 - 2032

Seafood market is expected to reach market valuation of US$ 110.2 Bn by the year 2022, accelerating with a CAGR of 3.6% by 2022-2032.

The worldwide market is divided into three categories: seafood type, product type, and distribution channel. The market is divided into segments based on the type of seafood. The market is divided into frozen products, smoked products, canned products, dried products, and others based on product type. The market is divided into two segments based on distribution channel: online and offline. Among these, the offline segment, which includes hypermarkets and supermarkets, is expected to grow the fastest during the forecast period.

Many people's diets include seafood as a source of protein. Fisheries are one of the world's fastest-growing food sectors. Because of the diverse variety of climatic and environmental conditions present in aquaculture settings around the world, a huge and diverse number of species are used in various forms of seafood production.

To remain competitive in the market, market players are significantly contributing to market growth through the implementation of various tactics such as mergers and acquisitions, partnerships, funding, and new product launches.

Seafood is popular among health-conscious consumers. Consumers shifted to high protein fish as their understanding of a healthy diet grew, increasing the manufacturing of processed seafood items and supporting the global growth of the processed seafood business.

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Market Segmentations:
Global Seafood Market: Major Players
Faroe Seafood
Amalgam Enterprises
Dongwon Group
Austevoll Seafood ASA
Lyons Seafoods Limited
Sajo Industries Co., Ltd.
Princes Ltd.
Shanghai Fisheries General Corporation Group
Trident Seafoods Corporation
Zhanjiang Guolian Aquatic Products Co., Ltd.
Cooke Aquaculture, Inc.
Marine Harvest ASA
Young's Seafood Limited
Surapon Foods Public Company Limited
Hansung Enterprise Co. Ltd
Empresas AquaChile S.A.
High Liner Foods Incorporated
Stolt Sea Farm
Handy Seafood, Inc.
Tassal Group Limited
Thai Union Group PCL
Tri Marine International, Inc.

Global Seafood Market: Types
Fresh and Live Seafood
Canned Seafood
Frozen Seafood
Chilled Seafood

Global Seafood Market: Applications
Retail
Foodservice
Institutional

Global Seafood Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Why Fresh and Frozen Seafood are the Most Preferred Forms?

• Fresh and frozen seafood products account for more than three-quarters of total seafood consumption worldwide, with finfish accounting for slightly more than half of all fresh and frozen commodities.
• Shrimp is the most popular shellfish, accounting for less than half of the total. Because of their convenience, ease of preparation, and nutritional value, fresh and frozen fish products are becoming more popular.

What is Driving the Demand for Organic Seafood?

• Organic seafood is in great demand in the market, since consumers are concerned about product safety and the provenance of raw ingredients.
• However, there is a restricted supply of this sort of seafood as well as a limited number of manufacturers who sell it.
• Organic seafood is extremely popular and in great demand in the culinary and retail industries. Organic is predicted to accelerate at a CAGR of 5.1% throughout the projection period.

The Report Covers
• Comprehensive research methodology of the global processed market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Insights about market determinants that are stimulating the global processed market.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global processed market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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