Report Code: A16171 | Pages: NA | Jul 2023 | 1188 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Sea Bream Market
Request Now ! Sea bream is a marine and benthic fish found in the Mediterranean Sea, Red Sea, Eastern Atlantic Ocean and around the Canary Islands. Both sea bass and sea bream contain high amounts of magnesium, phosphorus, omega3 fatty acids, protein, low unsaturatedfats, vitamin B6, selenium, etc. Hence, they providemany health benefits by controlling high blood pressure, lowering cholesterol level, boosting metabolism, improving bone health, etc. In addition, the growing health awareness of consumers has led to a shift from high calorie foods to a high protein diet, thus increasing the demand for sea bass and fish.In addition, consumers' hectic work schedules and sedentary lifestyle stimulatedemand for seafood with extended shelf life and easy storage.
 As a result, the demand for frozen, canned and processed sea bass and sea bream is increasing. The market is also driven by the growing number of quick service restaurants and seafood restaurantsserving intercontinental dishes madewith sea bream. Inaddition, the growingimprovement in aquaculture services in the Mediterranean countries is expected to stimulate the market for sea bass and sea bream in the coming years.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
North America overtakes Europe in sea bream market
Awarenessof the health benefits of consuming sea bream, including both sea bream and black sea bream, is responsible for Europe'sdominant position in the global market seabreambridge.The significant expansion of the vegan diet and the increasein per capita fish consumption in the countriesof Norway and Spain will remain the main drivers of theEuropean market which currently accounts for morethan a third of the revenue.
However, towards the end of the forecast period, the North American market is expected to surpass the European marketdue to increased consumption of seafood inthe form of snacks.In addition, the South Asia-Pacific and Latin Americanmarkets offer potential growth opportunities due to less regulatoryintervention in aquaculture.Â
Retailchannelsare leveraginghigherprofit margins
Witnessing a thriving retail ecosystem, manufacturers distribute their servicesthrough established retail platforms. Despite relatively lower revenue generation, the rapidgrowth of integrated sales and logistics platforms,improved online shopping experience for consumers and a range of online payment systems are expected to drive the growth of the market.The world sea bream market is tightly organized in developed regions such as Europe and North America. However, the market is growing steadily in developing regions such as Latin America, East Asia and South Asia. However, Europe is currently the largest shareholder in the world sea bream market.On the positive side, however, the high supply is expected to continue into 2021 and prices could rise further if the HORECA region shows a substantial recovery.
Key Benefits of the Report
Questions Answered in the Sea Bream Research Report
Sea Bream Market Report Highlights
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Key Market Players | Company4, Company8, Company10, Company6, Company7, Company3, Company5, Company9, Company2, Company1 |
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