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Seafood Market 2017 Key Growth Drivers, Challenges, Demand and Upcoming Trends

(October 12, 2017)

""Seafood Market Information- By Type (Fish, Roe, Shellfish, Molluscs), Processed Type (Dried Seafood, Salted Seafood, Smoked Seafood Application (Table Consumption) and Region - Forecast to 2022""
Seafood Market Information- By Type (Fish, Roe, Shellfish, Molluscs), Processed Type (Dried Seafood, Salted Seafood, Smoked Seafood Application (Table Consumption) and Region - Forecast to 2022

Market Overview:

Seafood is a protein rich food. It is one of the broadly consumed foods worldwide. Shrimp, tuna and crab are the most popular seafood all over the world. Shrimp have becoming highest growing seafood in recent year as it is easy to cook, consumers of all age group enjoy it cause of the premium flavor and texture.

Recently there is increase in the demand for cod liver oil as it is nutrient-dense source of essential vitamins including vitamin D and vitamin A as well as anti-inflammatory omega-3 fatty acids. Fish oil supplement are in demand from the women going through menopausal years to maintain a proper level of estrogen and progesterone hormone.

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Competitive Analysis

The major key players are

  • Lyons Seafoods Limited (UK),
  • Thai Union Group PCL (Thailand),
  • Austevoll Seafood ASA (Norway),
  • Cooke Aquaculture, Inc. (Canada),
  • Dongwon Group (South Korea),
  • Trident Seafoods Corporation (US),
  • Zhanjiang Guolian Aquatic Products Co., Ltd. (China),
  • Princes Ltd. (UK),
  • Tri Marine International Inc. (US) and
  • Amalgam Enterprises (India) and others.

Parle continues to dominate as the biscuit leader. This report contains in-depth insights about all major players in the market.†

Market Forecast

In the last few years consumers have become aware of flashed frozen seafood products, which are also nutrient rich, non-requirement of filleting and deboning. Frozen seafood products are easy to transport than the fresh seafood products. Now, in recent years there is high demand for convenience food, so ready to cook seafood products have created huge opportunities in the market. This factor will play a key role to grow seafood market at CAGR of 3% between 2016 to 2022.

Downstream market analysis

The popularity of seafood in consumers among different age groups is supporting the growth of the market. Fresh fish and shrimp are being appreciated by all age consumer groups, hence has created huge potential in the market. Ready to cook seafood will be new opportunity in the seafood market.

Regional Analysis

APAC accounted for higher market share in the seafood during the period 2011-2015.† Major companies are targeting APAC as potential region for investments in the seafood market due to potential demand scenario

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Market Research Analysis:

  • The demand for fresh seafood† is increasing in Europe
  • Top 5 importers of frozen fish are China, Japan, Thailand, Korea and Spain

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact

Company Name: Market Research FutureContact Person: Akash Anand

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