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Global Fish and Seafood Market Analysis, Trends, Forecast: By Type: Molluscs, Crustaceans, Fishes, Others; By Product: Fresh Fish and Seafood, Canned Fish and Seafood, Frozen Fish and Seafood, Other Fish and Seafood; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Fish and Seafood Market Outlook
The global fish and seafood market is projected to grow at a CAGR of 7.4% in the forecast period of 2024-2032.
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The Asia Pacific is a major fish and seafood market. Within the region, China is the largest fish industry, and accounts for over a quarter of the total global fish production. The country produces over half the global aquaculture and a fifth of the capture fish, globally. Although the growth of the market in China has slowed down after the rapid growth witnessed by the industry from the 1990s to 2000s, the country remained the major fish producer in the world. Since 2002, it is also a leading exporter of fish and related products, globally. North America is also a significant market after the Asia Pacific. The United States along with the European Union (EU) and Japan were the major importers of fish and fish products in 2016, accounting for nearly 64% of their total imports in value, globally. The imports of fish in the three countries continued to grow in 2017. The Middle East and Africa is also emerging as a significant market for fish and seafood. The imports of canned tuna have witnessed a rise in the Middle Eastern markets like Egypt and Saudi Arabia, especially in the Q3 of 2018, due to lower import prices.
Currently, fish and its products are some of the major traded items, globally. Despite the trade tensions between the US and China, and Brexit, the global trade of seafood increased by almost 7% in 2018, as compared to 2017. The export of fish and seafood from emerging economies has been growing faster than developed countries since the past four decades. The increase in exports from emerging nations can be attributed to the rise in regional trade agreements, leading to faster regional trade flows. In 2017, the value of global fish exports increased by 7% as compared to 2016, to reach USD 152 billion aided by a strong economic growth and rising demand. In 2016, China along with Norway, Viet Nam and Thailand were major fish exporters in 2016.
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Properties and Applications
Fish and seafood refer to those aquatic animals from the freshwaters and the oceans that are edible in nature. They are often preferred over poultry and beef meat as they contain an almost equivalent amount of protein while being lower in calories. They can be poached, baked, steamed, broiled, deep-fried, and maybe cooked into soups, stews, bisques, and chowders. Some varieties can also be consumed raw. They are broadly classified as mollusc, crustacean, and fish, among others. By product types, they are categorised as:
- Fresh Fish and Seafood
- Canned Fish and Seafood
- Frozen Fish and Seafood
- Other Fish and Seafood
The report analyses the various regional markets like the Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa.
Market Analysis
The global fish and seafood market is being driven by the rising demand for fish and seafood from Asia and the Americas. In 2016, Asia accounted for 85% of the population involved in the aquaculture and fisheries segment followed by Africa and Latin America and the Caribbean. The share of the global fish production utilised for human consumption has been witnessing a growth over the last decade, and in 2016, nearly 90% of its output was directly consumed by humans. Fresh or chilled fish and seafood is preferred for human consumption, followed by the frozen segment. The rising demand for processed seafood is expected to aid the industry growth in the forecast period.
The global fish and seafood market is being driven by the rising consumption of fish and seafood due to a global shift towards a pescatarian diet. The increasing adoption of a pescatarian diet is due to the rising health consciousness among the consumers, who perceive other meat products as being comparatively unhealthier. In 2018, the average fish consumption, globally, was 20.7 kg per person driven by the growing global economy. Between 1961 and 2016, their global consumption outpaced both the global population growth and the consumption of meat derived from terrestrial animals. The increased intake of fish protein in developing countries is further driving the industry. The rise in domestic consumption of their farmed varieties in emerging economies is being aided by the growing middle-class population and rapid urbanisation.
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Competitive Landscape
The report provides a detailed analysis of the key players in the global fish and seafood market, covering their market share, capacity, and latest developments like plant turnarounds, capacity expansions, and mergers, acquisitions, and investments:
- High Liner Foods Incorporated
- Leroy Seafood Group
- Lyons Seafoods Limited
- Mowi ASA
- Tassal
- Maruha Nichiro Seafoods Inc
- Thai Union Group PCL.
- Trident Seafoods Corporation
- Pacific Seafood
- Austevoll Seafood ASA
The EMR report investigates the macro and micro aspects of the global fish and seafood market. The comprehensive report also analyses the market based on the Porter’s Five Forces model. It offers a SWOT analysis as well.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fish and Seafood Market Analysis
8.1 Key Industry Highlights
8.2 Global Fish and Seafood Historical Market (2018-2023)
8.3 Global Fish and Seafood Market Forecast (2024-2032)
8.4 Global Fish and Seafood Market by Type
8.4.1 Molluscs
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Crustaceans
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Fishes
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Fish and Seafood Market by Product
8.5.1 Fresh Fish and Seafood
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Canned Fish and Seafood
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Frozen Fish and Seafood
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Other Fish and Seafood
8.6 Global Fish and Seafood Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Fish and Seafood Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fish and Seafood Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Fish and Seafood Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fish and Seafood Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fish and Seafood Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 03)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 High Liner Foods Incorporated
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Lyons Seafoods Co.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Maruha Nichiro Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Thai Union Group PCL
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Trident Seafoods Corporation
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Pacific Seafood
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fish and Seafood Market: Key Industry Highlights, 2018 and 2032
2. Global Fish and Seafood Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Fish and Seafood Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Fish and Seafood Historical Market: Breakup by Product (USD Million), 2018-2023
5. Global Fish and Seafood Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Fish and Seafood Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Fish and Seafood Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Fish and Seafood Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Fish and Seafood Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Fish and Seafood Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Fish and Seafood Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Fish and Seafood Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Fish and Seafood Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Fish and Seafood Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Fish and Seafood Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Fish and Seafood Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Fish and Seafood Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Fish and Seafood Market Structure
Key Questions Answered in the Report
The global fish and seafood market is estimated to grow at a CAGR of 7.4% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the thriving food and beverage industry, rising disposable incomes, increasing population, rising health consciousness, and rapid urbanisation.
The increasing inclination towards seafood owing to the high nutrition content and rising demand for fish and seafood from Asia and the Americas are the key trends guiding the growth of the industry.
Molluscs, crustaceans, and fishes, among others are the major types of fish and seafoods included in the market.
Fresh fish and seafood, canned fish and seafood, and frozen fish and seafood, among other fish and seafood are the different products included in the market.
The major players in the industry are High Liner Foods Incorporated, Lyons Seafoods Co, Maruha Nichiro Corporation, Thai Union Group PCL, Trident Seafoods Corporation, and Pacific Seafood, among others.
Analyst Review
The global fish and seafood market is driven by the global increase in demand for sea food products owing to the high nutritional value. Aided by the increasing popularity of clean-labelled seafood products and rising health consciousness, The market is projected to grow at a CAGR of 7.4% in the forecast period of 2024-2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into molluscs, crustaceans, and fishes, among others. On the basis of product, the market is divided into fresh fish and seafood, canned fish and seafood, and frozen fish and seafood, among other fish and seafood. The major regional markets for fish and seafood are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include High Liner Foods Incorporated, Lyons Seafoods Co, Maruha Nichiro Corporation, Thai Union Group PCL., Trident Seafoods Corporation, and Pacific Seafood, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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