Global Seafood Market Anticipated to reach USD 730 Billion by 2030

The global seafood market is anticipated to reach USD 730 Billion by 2030, growing at a CAGR% of 8.9% from 2022-2030. The factors contributing towards the high growth are increased disposable income, awareness of fish being used as an ingredient in healthy food is growing. USA the government plans to sanction illegal fishing activities, actively promote fair trade, and promote strategies to promote the fishing industry through detailed strategies such as improving infrastructure and securing labor.

In terms of export import trade status, the country with the largest trade surplus in terms of import and export of the relevant product was China, recording a surplus of $312.88 million in 2022. The country with the largest surplus after China is the Philippines with a very high ratio of exports to imports, with 77.44 million in 2022.

This report focuses on identifying opportunities and strategies for investing in the global sea food market within the forecast period. It provides a complete analysis of the global market both quantitatively and qualitatively. The quantitative analysis includes market size and revenue data of the total demand, sub-markets, and regional/national levels throughout 2023-2033. Qualitative analysis depicts a full picture of market dynamics and trends including drivers, restraints and challenges, emerging products/market trends, and Porter's Fiver Forces analysis.

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The report is based on studies for 2021-2023 and provides a forecast from 2024 till 2033 with 2023 as the base year. Considering impact of COVID-19 and regional conflicts such as Russia-Ukraine war, the trend and outlook of global market is forecast in optimistic, balanced, and conservative scenarios. In the balanced view, the global respiratory drugs market is expected to reach $730 billion by 2030, growing by 8.9% annually over the coming years.

Highlighted with 90 tables and 104 figures, this 189-page report represents a 360-degree view on the global market with extensively detailed segmentations Type, Application, End-User, Export Import, Price, Distribution Channel, and Region/Country as shown below. Annual revenue 2023-2030 for each segment is included in the report.

By type, the sea food is sub divided into frozen, fresh and live. In 2021, frozen and refrigerated products account for over 70% of total seafood consumption, and consumption of frozen seafood products was around $7.0 billion, up about 41% from two years ago.

Global Sea Food Market By Type
Fish
Shrimp
Other Seafood

Global Sea Food Market By Form
Fresh / Chilled
Frozen / Canned
Processed
Live

By Distribution Channel
Off-Trade
Convenience Stores
Online Channel
Supermarkets and Hypermarkets
Other Distribution Channels
On-Trade

Some of the major players in the sea food market across the world are Austevoll Seafood ASA Trident Seafoods Corp., Amalgam Enterprises, Thai Union Group, Maruha Nichiro Corporation, Nippon Suisan Kaisha, Ltd., Dongwon Industries, Marine Harvest ASA, Clearwater Seafoods, High Liner Foods, AquaChile, Mowi ASA, Grupo Pescanova, Royal Greenland, PanaPesca Thai Union Canada, Cooke Aquaculture, Bakkafrost, Kverva AS, Leroy Seafood Group, Tassal Group Limited and others.

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By Region
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
The breakdown of all regional markets by country and the breakdown of each national market by Type, Application, End-User, and Distribution Channel over the forecast years are also included.
Detailed Analysis of Export mandatory certification system and regulations-

• M.S.C.
• Vegan Action
• IFANCAHalal
• ISO 22000
• ASC
• HACCP
• Orthodox Union Kosher
• Others

The report includes Seafood Market Status, Economy, Global Trade, Local Trade, Local Seafood Distribution, Item import/export investigation, U.S. Flatfish Market, Consumption, Distribution, Distributors & Buyers, Export Entry Key Barriers, Tariffs and Customs Duty and Certifications and Regulations.

The report includes list of distributor's, suppliers, buyers name, importers, exporters, contact details across the world.

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SUPPLY DEMAND MARKET RESEARCH is dedicated to publishing only high quality in-depth market research studies that helps clients to attain granular level strategy and business trends expected for future development. Market sizing, forecasts, pricing trends, industry research, consumer insights, and innovation trends are topics of SDMR's portfolio of market research reports. Besides, given the impact of COVID-19 on all the reports that have been influenced drastically with respect to estimates of various industry parameters and data points, it is imperative to stay updated or revise the old market numbers. SDMR aligns these research reports accordingly to produce only the true and relevant figures.

This release was published on openPR.