The Impact Of Population Growth On The Seafood Market Driver: Leading Transformation in the Seafood Market in 2025

What industry-specific factors are fueling the growth of the seafood market?
With the global population predicted to hit 10 billion by 2050, there is an inevitable surge in the demand for food. "The Agricultural Outlook" by the OECD and FAO forecasts a 13% rise in worldwide cereal production by 2027 to cater to this increase. To feed this swelling population, there needs to be a significant escalation in crop production, farming operations, and trading volumes. As a result, imminent growth can be foreseen for businesses in this sector, especially the seafood manufacturing market, owing to escalating food and beverage demands prompted by this population influx during the forecast period.

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What Is the projected market size and growth rate for the seafood market?
The size of the seafood market has seen impressive growth in the past few years. Its value is expected to increase from $252.67 billion in 2024 to $270.43 billion in 2025, showing a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth during the historic period include the culinary diversity and globalization, advancements in the cold chain logistics, convenience-driven consumer demand, fluctuating seasonal and cultural consumption patterns, and stringent health and safety standards.

The size of the seafood market is anticipated to experience substantial expansion in the upcoming years. It is projected to reach a benchmark of $357.56 billion in 2029, with a compound annual growth rate (CAGR) of 7.2%. The escalation during the projected period is linked to the surge in plant-based seafood alternatives, the worldwide amalgamation of culinary methods, health and nutritional trends, the rise of e-commerce in seafood retail, government policies promoting aquaculture, and the ability to deal with crises. The upcoming period is expected to see major trends such as product innovation in the seafood industry, an array of seafood species, global flavor influences, joint efforts for conservation, and advances in tracing and transparency technologies.

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What new trends are reshaping the seafood market and its opportunities?
Leading firms in the seafood market are directing their efforts towards the creation of flavor-innovative dishes such as fish-flavored churros to captivate new consumer groups and boost their market presence. Fish-flavored churros emerge as an unconventional culinary invention where the usual sweet fried dough dessert, known as churros, are infused with piquant fish flavors. Profand, a fishing enterprise based in Spain, introduced its novel line of fish-flavored churros, named Snackish, at the 2024 Seafood Expo Global held in Barcelona, during April 2024. These churros incorporate fish flour made from salmon and cod, are seasoned with fish fumet, and are available in two versions: salmon and cod. Each variety is matched with harmonizing sauces, sweet pepper or sweet red pepper for cod, and tartar sauce for salmon. Prioritizing sustainability, Profand utilizes fish species such as tarpon, permit and bonefish, aiming to reduce food waste. The initial feedback has been encouraging, with prospects to widen testing beyond Spain in the future.

What major market segments define the scope and growth of the seafood market?
The seafood market covered in this report is segmented -

1) By Type: Crustaceans, Fish, Other Seafood
2) By Product Type: Frozen, Dried, Smoked, Canned, Other Product Types
3) By Nature: Organic, Conventional
4) By Distribution Channel: Super markets/Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels

Subsegments:
1) By Crustaceans: Shrimp, Crab, Lobster, Crawfish
2) By Fish: Salmon, Tuna, Cod, Sardines
3) By Other Seafood: Mollusks, Seaweed, Caviar, Anchovies

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Which region dominates the seafood market?
Asia-Pacific was the largest region in the seafood market in 2024. Western Europe was the second-largest region in the seafood market. The regions covered in the seafood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the seafood industry growth?
Major companies operating in the seafood market include Marubeni America Corporation, Sysco Corporation, Bumble Bee Foods, The Kraft Heinz Company, Charoen Pokphand Foods PCL, Coastal Corp. Ltd., Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd., Nichirei Corporation, Thai Union Group PCL, Trident Seafoods Corporation, Lerøy Seafood Group ASA, Bolton Group Srl, High Liner Foods Inc., Nichimo Co. Ltd., Young's Seafood Ltd., Oceana Group Ltd., Grieg Seafood ASA, Austevoll Seafood ASA, Inland Seafood Inc., Beaver Street Fisheries, Cooke Aquaculture Inc., American Seafoods, Handy Seafood Inc., Pacific Seafood, Phillips Foods Inc.

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What Is Covered In The Seafood Global Market Report?

•Market Size Forecast: Examine the seafood market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the seafood market for a structured understanding.
•Key Players Overview: Analyze major players in the seafood market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the seafood market.
•Segment Contributions: Evaluate how different segments drive overall growth in the seafood market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the seafood market.
•Industry Challenges: Identify potential risks and obstacles affecting the seafood market.
•Competitive Landscape: Review strategic developments in the seafood market, including expansions, agreements, and new product launches.

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