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Seafood Market by Type (Fish, Crustaceans, Mollusca, Others), and By Application (Retail, Institutions and Food Service): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A02360 | Pages: 202 | May 2020 | 44027 Views | | |
| Author(s) : Sumesh Kumar , Roshan Deshmukh | Tables: 147 | Charts: 43 | Formats*: | |
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Request Now !The seafood market size was valued at $159,311.9 million in 2019, and is projected to reach $193,913.6 million by 2027, registering a CAGR of 2.5% from 2020 to 2027. The fish segment was the highest contributor to the market, with $101,526.2 million in 2019, and is estimated to reach $125,914.3 million by 2027, at a CAGR of 2.7% during the forecast period.
The growth of the seafood market can be attributed to increase in awareness of the health benefits regarding seafood and change in lifestyle of the consumers. Non-vegetarian consumers are slowly changing their lifestyle and significantly following pescetarianism. Pescetarianism refers to vegetarian food along with seafood but does not include any meat such as beef, pork, poultry, and others. This shift is observed due to consumers’ preference for healthy diet. As meat & meat products often contain harmful pesticides and chemicals, their high consumption can be dangerous. Thus, consumers are in search for other alternatives. In addition, increase in awareness among consumers about the living conditions of the cattle in cattle farms has further changed preference of non-vegetarians to pescetarianism; thereby, boosting the market growth.
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Improvement in economic condition and growth in disposable income propel the market growth. After the 2009 economic crisis in Europe and the economic crisis in China, the world economy witnessed a standstill. However, strong recovery from the crisis resulted in strong economic growth, especially in the developing economies, and has led to increase in disposable income among the middle-income groups, consequentially adding to the middle-class population. In addition, increase in disposable income of individuals in North America and the Asia-Pacific drives the market growth, as medium- and high-income consumers in urban areas are shifting their consumption trend from essential to premium goods & services. This trend favors seafood suppliers & institutions to enhance their product & service line in the seafood segment.
Depletion of sea species has restrained the market growth; however, sustainable fishing may increase the supply of seafood to meet the emerging demand. Collaboration of fishermen and fish farmers with processors, distributors, retailers, restaurants, and foodservice providers is expected to provide a solution to resolve the environmental issues and further help in making the market environmentally, economically, and socially sustainable. At present, numerous seafood restaurants have focused on offering merely sustainable seafood options such as Miya's in the U.S and Fisheries Innovation in Scotland. These restaurants & seafood service providers focus on sustainable seafood options such as catfish and tilapia. Thus, all these factors collectively contribute toward the growth of the global market.
The seafood market is segmented on the basis of type, application, and region. Based on type, it is divided into fish, crustaceans, mollusca, and others (roe, marine mammals, and medusozoa). On the basis of application, it is classified into retail, institutions, and food service. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Based on the Seafood market analysis, by type, the fish segment was the most prominent category in 2019 and is expected to remain dominant during the forecast period. The growth in this segment can be attributed to growing popularity of fish as a high protein alternative to meat. Moreover, the demand for fish is supplemented by growing number of meat eaters along with rise in awareness about the health benefits of eating fish. However, the mollusca segment is expected to grow at the highest CAGR of 2.3% throughout the forecast period.
Seafood Market
By Type
Fish segment dominates the global market and is expected to retain its dominance throughout the forecast period.
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Based on the seafood market forecast, by application, the retail segment was the highest contributor to the market in 2019, and is expected to remain dominant through 2020–2027. This can be attributed to growing popularity of meat and seafood products among consumer. Moreover, improving infrastructure of supply channels along with increasing affordability of seafood is expected to provide opportunities for growth for the global seafood market. However, the food service segment is expected to grow at a higher growth rate during the forecast period. The growth in this segment can be attributed to the convenience it provides over the cooking meal. Moreover, the option of home deliveries, rapidly increasing number of fast food restaurant & cafes along with growing trend of eating out boost the growth of the market.
Seafood Market
By Application
Food Service segment is expected to grow at a highest CAGR of 4.1% during the forecast period.
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By region, Asia-Pacific was the most prominent regional market in 2019. However, Asia-Pacific is expected to grow at a higher CAGR during the forecast period. The growth of this regional segment can be attributed to increase in disposable income and rise in number of fast food restaurants that serve fish.
Seafood Market
By Region
Asia-Pacific dominates the market and is expected to grow with a CAGR of 2.7% during the forecast period
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The players in the seafood industry have adopted, acquisition, and collaboration as their key development strategies to increase profitability and improve stance in the seafood market share. The key players profiled in the report include Pacific Seafood, Kangamiut Seafood A/S, American Seafoods Company, Phillips Foods, Inc., Trident Seafoods Corporation., Marine Harvest ASA, Thai Union Group PCL, Lee Fishing Company, and Leigh Fisheries.
Key Benefits For Stakeholders
The report provides a quantitative analysis of the current seafood market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis and the market size and segmentation assists in determining the prevailing Seafood market opportunities.
The major countries in each region are mapped according to their revenue contribution to the market.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.
Key Market Segments
By Type
- Fish
- Crustaceans
- Mollusca
- Others
By Application
- Retail
- Institutions
- Food Service
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings
2.1.1.Top impacting factors
2.1.2.Top investment pockets
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping the seafood industry
3.2.1.High bargaining power of suppliers
3.2.2.High threat of new entrants
3.2.3.Moderate threat of substitutes
3.2.4.High intensity of rivalry
3.2.5.Moderate bargaining power of buyers
3.3.Market dynamics
3.3.1.Drivers
3.3.1.1.Change in lifestyle & consumer preference
3.3.1.2.Rise in disposable income
3.3.1.3.Increase in awareness about the health benefits associated with seafood
3.3.1.4.Extensive availability of different species of fish
3.3.2.Restraint
3.3.2.1.Depletion of wild fish stock
3.3.3.Opportunity
3.3.3.1.Rise in collaborations between manufacturers and foodservice providers
CHAPTER 4:SEAFOOD MARKET, BY TYPE
4.1.Overview
4.2.Fish
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country
4.3.Crustaceans
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country
4.4.Mollusca
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis by country
4.5.Others
4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis by country
CHAPTER 5:SEAFOOD MARKET, BY APPLICATION
5.1.Overview
5.2.Retail
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country
5.3.Institutions
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country
5.4.Food service
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country
CHAPTER 6:SEAFOOD MARKET, BY REGION
6.1.Overview
6.2.North America
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by type
6.2.3.Market size and forecast, by application
6.2.4.Market analysis by country
6.2.5.U.S.
6.2.5.1.Market size and forecast, by type
6.2.5.2.Market size and forecast, by application
6.2.6.Canada
6.2.6.1.Market size and forecast, by type
6.2.6.2.Market size and forecast, by application
6.2.7.Mexico
6.2.7.1.Market size and forecast, by type
6.2.7.2.Market size and forecast, by application
6.3.Europe
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by type
6.3.3.Market size and forecast, by application
6.3.4.Market analysis by country
6.3.5.Germany
6.3.5.1.Market size and forecast, by type
6.3.5.2.Market size and forecast, by application
6.3.6.UK
6.3.6.1.Market size and forecast, by type
6.3.6.2.Market size and forecast, by application
6.3.7.France
6.3.7.1.Market size and forecast, by type
6.3.7.2.Market size and forecast, by application
6.3.8.Italy
6.3.8.1.Market size and forecast, by type
6.3.8.2.Market size and forecast, by application
6.3.9.Spain
6.3.9.1.Market size and forecast, by type
6.3.9.2.Market size and forecast, by application
6.3.10.Rest of Europe
6.3.10.1.Market size and forecast, by type
6.3.10.2.Market size and forecast, by application
6.4.Asia-Pacific
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by type
6.4.3.Market size and forecast, by application
6.4.4.Market analysis by country
6.4.5.China
6.4.5.1.Market size and forecast, by type
6.4.5.2.Market size and forecast, by application
6.4.6.India
6.4.6.1.Market size and forecast, by type
6.4.6.2.Market size and forecast, by application
6.4.7.Japan
6.4.7.1.Market size and forecast, by type
6.4.7.2.Market size and forecast, by application
6.4.8.South Korea
6.4.8.1.Market size and forecast, by type
6.4.8.2.Market size and forecast, by application
6.4.9.Australia
6.4.9.1.Market size and forecast, by type
6.4.9.2.Market size and forecast, by application
6.4.10.Rest of Asia-Pacific
6.4.10.1.Market size and forecast, by type
6.4.10.2.Market size and forecast, by application
6.5.LAMEA
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by type
6.5.3.Market size and forecast, by application
6.5.4.Market analysis by country
6.5.5.Latin America
6.5.5.1.Market size and forecast, by type
6.5.5.2.Market size and forecast, by application
6.5.6.Middle East
6.5.6.1.Market size and forecast, by type
6.5.6.2.Market size and forecast, by application
6.5.7.Africa
6.5.7.1.Market size and forecast, by type
6.5.7.2.Market size and forecast, by application
CHAPTER 7:COMPETITION LANDSCAPE
7.1.Product mapping
7.2.Competitive dashboard
7.3.Competitive Heat map
CHAPTER 8:COMPANY PROFILES
8.1.AMERICAN SEAFOODS GROUP LLC
8.1.1.Company overview
8.1.2.Key executive
8.1.3.Company snapshot
8.1.4.Product portfolio
8.2.FREIREMAR, SA
8.2.1.Company overview
8.2.2.Company snapshot
8.3.KANGAMIUT SEAFOOD A/S
8.3.1.Company overview
8.3.2.Key executive
8.3.3.Company snapshot
8.3.4.Product portfolio
8.4.LEE FISHING COMPANY
8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio
8.5.LEE GROUP (LEIGH FISHERIES)
8.5.1.Company overview
8.5.2.Key executive
8.5.3.Company snapshot
8.5.4.Product portfolio
8.6.MOWI ASA
8.6.1.Company overview
8.6.2.Key executive
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.R&D expenditure
8.6.7.Business performance
8.6.8.Key strategic moves and developments
8.7.PACIFIC SEA FOOD COMPANY, INC.
8.7.1.Company overview
8.7.2.Key executive
8.7.3.Company snapshot
8.7.4.Product portfolio
8.8.PHILLIPS FOODS, INC.
8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio
8.9.THAI UNION GROUP PLC
8.9.1.Company overview
8.9.2.Key executive
8.9.3.Company snapshot
8.9.4.Product portfolio
8.9.5.R&D expenditure
8.9.6.Business performance
8.9.7.Key strategic moves and developments
8.10.TRIDENT SEAFOODS CORPORATION
8.10.1.Company overview
8.10.2.Key executive
8.10.3.Company snapshot
8.10.4.Product portfolio
LIST OF TABLES
TABLE 01.SEAFOOD MARKET VALUE, BY TYPE, 2019-2027 ($MILLION)
TABLE 02.SEAFOOD MARKET VOLUME, BY TYPE, 2019-2027 (KILOTON)
TABLE 03.FISH MARKET VALUE, BY REGION, 2019–2027 ($MILLION)
TABLE 04.FISH MARKET VOLUME, BY REGION, 2019–2027 (KILOTON)
TABLE 05.CRUSTACEANS MARKET VALUE, BY REGION, 2019–2027 ($MILLION)
TABLE 06.CRUSTACEANS MARKET VOLUME, BY REGION, 2019–2027 (KILOTON)
TABLE 07.MOLLUSCA MARKET VALUE, BY REGION, 2019–2027 ($MILLION)
TABLE 08.MOLLUSCA MARKET VOLUME, BY REGION, 2019–2027 (KILOTON)
TABLE 09.OTHERS MARKET VALUE, BY REGION, 2019–2027 ($MILLION)
TABLE 10.OTHERS MARKET VOLUME, BY REGION, 2019–2027 (KILOTON)
TABLE 11.SEAFOOD MARKET VALUE, BY APPLICATION, 2019-2026 ($MILLION)
TABLE 12.SEAFOOD MARKET VOLUME, BY APPLICATION, 2019-2026 (KILOTON)
TABLE 13.SEAFOOD MARKET VALUE FOR RETAIL, BY REGION, 2019–2027 ($MILLION)
TABLE 14.SEAFOOD MARKET VOLUME FOR RETAIL, BY REGION, 2019–2027 (KILOTON)
TABLE 15.SEAFOOD MARKET VALUE FOR INSTITUTIONS, BY REGION, 2019–2027 ($MILLION)
TABLE 16.SEAFOOD MARKET VOLUME FOR INSTITUTIONS, BY REGION, 2019–2027 (KILOTON)
TABLE 17.SEAFOOD MARKET VALUE FOR FOOD SERVICE, BY REGION, 2019–2027 ($MILLION)
TABLE 18.SEAFOOD MARKET VOLUME FOR FOOD SERVICE, BY REGION, 2019–2027 (KILOTON)
TABLE 19.SEAFOOD MARKET VALUE, BY REGION, 2019–2027 ($MILLION)
TABLE 20.SEAFOOD MARKET VOLUME, BY REGION, 2019–2027 (KILOTON)
TABLE 21.NORTH AMERICA SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 22.NORTH AMERICA SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 23.NORTH AMERICA SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 24.NORTH AMERICA SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 25.NORTH AMERICA SEAFOOD MARKET VALUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 26.NORTH AMERICA SEAFOOD MARKET VOLUME, BY COUNTRY, 2019–2027 (KILOTON)
TABLE 27.U.S. SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 28.U.S. SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 29.U.S. SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 30.U.S. SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 31.CANADA SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 32.CANADA SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 33.CANADA SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 34.CANADA SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 35.MEXICO SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 36.MEXICO SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 37.MEXICO SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 38.MEXICO SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTONS)
TABLE 39.EUROPE SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 40.EUROPE SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 41.EUROPE SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 42.EUROPE SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 43.EUROPE SEAFOOD MARKET VALUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 44.EUROPE SEAFOOD MARKET VOLUME, BY COUNTRY, 2019–2027 (KILOTON)
TABLE 45.GERMANY SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 46.GERMANY SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 ($MILLION)
TABLE 47.GERMANY SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 48.GERMANY SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 49.UK SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 50.UK SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 51.UK SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 52.UK SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 53.FRANCE SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 54.FRANCE SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 55.FRANCE SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 56.FRANCE SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 57.ITALY SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 58.ITALY SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 59.ITALY SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 60.ITALY SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 61.SPAIN SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 62.SPAIN SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 63.SPAIN SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 64.SPAIN SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 65.REST OF EUROPE SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 66.REST OF EUROPE SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 67.REST OF EUROPE SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 68.REST OF EUROPE SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 69.ASIA-PACIFIC SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 70.ASIA-PACIFIC SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 71.ASIA-PACIFIC SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 72.ASIA-PACIFIC SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 73.ASIA-PACIFIC SEAFOOD MARKET VALUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 74.ASIA-PACIFIC SEAFOOD MARKET VOLUME, BY COUNTRY, 2019–2027 (KILOTON)
TABLE 75.CHINA SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 76.CHINA SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 77.CHINA SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 78.CHINA SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 79.INDIA SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 80.INDIA SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 81.INDIA SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 82.INDIA SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 83.JAPAN SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 84.JAPAN SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 85.JAPAN SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 86.JAPAN SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 87.SOUTH KOREA SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 88.SOUTH KOREA SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 89.SOUTH KOREA SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 90.SOUTH KOREA SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 91.AUSTRALIA SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 92.AUSTRALIA SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 93.AUSTRALIA SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 94.AUSTRALIA SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 95.REST OF ASIA-PACIFIC SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 96.REST OF ASIA-PACIFIC SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 97.REST OF ASIA-PACIFIC SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 98.REST OF ASIA-PACIFIC SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 99.LAMEA SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 100.LAMEA SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 101.LAMEA SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 102.LAMEA SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 103.LAMEA SEAFOOD MARKET VALUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 104.LAMEA SEAFOOD MARKET VOLUME, BY COUNTRY, 2019–2027 (KILOTON)
TABLE 105.LATIN AMERICA SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 106.LATIN AMERICA SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 107.LATIN AMERICA SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 108.LATIN AMERICA SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 109.MIDDLE EAST SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 110.MIDDLE EAST SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 ($KILOTON)
TABLE 111.MIDDLE EAST SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 112.MIDDLE EAST SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 113.AFRICA SEAFOOD MARKET VALUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 114.AFRICA SEAFOOD MARKET VOLUME, BY TYPE, 2019–2027 (KILOTON)
TABLE 115.AFRICA SEAFOOD MARKET VALUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 116.AFRICA SEAFOOD MARKET VOLUME, BY APPLICATION, 2019–2027 (KILOTON)
TABLE 117.AMERICAN SEAFOODS GROUP LLC: KEY EXECUTIVE
TABLE 118.AMERICAN SEAFOODS GROUP LLC: COMPANY SNAPSHOT
TABLE 119.AMERICAN SEAFOODS GROUP LLC: PRODUCT PORTFOLIO
TABLE 120.FREIREMAR S.A.: COMPANY SNAPSHOT
TABLE 121.KANGAMIUT SEAFOOD A/S: KEY EXECUTIVE
TABLE 122.KANGAMIUT SEAFOOD A/S: COMPANY SNAPSHOT
TABLE 123.KANGAMIUT SEAFOOD A/S: PRODUCT PORTFOLIO
TABLE 124.LEE FISHING COMPANY: COMPANY SNAPSHOT
TABLE 125.LEE FISHING COMPANY: PRODUCT PORTFOLIO
TABLE 126.LEE GROUP (LEIGH FISHERIES): KEY EXECUTIVE
TABLE 127.LEE GROUP (LEIGH FISHERIES): COMPANY SNAPSHOT
TABLE 128.LEE GROUP (LEIGH FISHERIES): PRODUCT PORTFOLIO
TABLE 129.MOWI ASA: KEY EXECUTIVE
TABLE 130.MOWI ASA : COMPANY SNAPSHOT
TABLE 131.MOWI ASA: OPERATING SEGMENTS
TABLE 132.MOWI ASA : PRODUCT PORTFOLIO
TABLE 133.MOWI ASA : R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 134.MOWI ASA: NET SALES, 2017–2019 ($MILLION)
TABLE 135.PACIFIC SEAFOOD COMPANY, INC: KEY EXECUTIVE
TABLE 136.PACIFIC SEA FOOD COMPANY, INC.: COMPANY SNAPSHOT
TABLE 137.PACIFIC SEA FOOD COMPANY, INC.: PRODUCT PORTFOLIO
TABLE 138.PHILLIPS FOODS, INC.: COMPANY SNAPSHOT
TABLE 139.PHILLIPS FOODS, INC.: PRODUCT PORTFOLIO
TABLE 140.THAI UNION GROUP PLC: KEY EXECUTIVE
TABLE 141.THAI UNION GROUP PLC: COMPANY SNAPSHOT
TABLE 142.THAI UNION GROUP PLC: PRODUCT PORTFOLIO
TABLE 143.THAI UNION GROUP PLC: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 144.THAI UNION GROUP PLC: NET SALES, 2017–2019 ($MILLION)
TABLE 145.TRIDENT SEAFOODS CORPORATION: KEY EXECUTIVE
TABLE 146.TRIDENT SEAFOODS CORPORATION: COMPANY SNAPSHOT
TABLE 147.TRIDENT SEAFOODS CORPORATION: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.SEAFOOD MARKET, BY TYPE, 2019 (%)
FIGURE 06.COMPARATIVE SHARE ANALYSIS OF FISH MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 07.COMPARATIVE SHARE ANALYSIS OF CRUSTACEANS MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 08.COMPARATIVE SHARE ANALYSIS OF MOLLUSCA MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 09.COMPARATIVE SHARE ANALYSIS OF OTHERS MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 10.GLOBAL SEAFOOD MARKET, BY APPLICATION, 2019
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF SEAFOOD MARKET FOR RETAIL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF SEAFOOD MARKET FOR INSTITUTIONS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF SEAFOOD MARKET FOR FOOD SERVICE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 14.GLOBAL SEAFOOD MARKET, BY COUNTRY, 2019 (%)
FIGURE 15.U.S. SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 16.CANADA SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 17.MEXICO SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 18.GERMANY SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 19.UK SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 20.FRANCE SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 21.ITALY SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 22.SPAIN SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 23.REST OF EUROPE SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 24.CHINA SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 25.INDIA SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 26.JAPAN SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 27.SOUTH KOREA SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 28.AUSTRALIA SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 29.REST OF ASIA-PACIFIC SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 30.LATIN AMERICA SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 31.MIDDLE EAST SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 32.AFRICA SEAFOOD MARKET VALUE, 2019-2027 ($MILLION)
FIGURE 33.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 34.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 35.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 36.MOWI ASA : R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 37.MOWI ASA : NET SALES, 2017–2019 ($MILLION)
FIGURE 38.MOWI ASA: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 39.MOWI ASA: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 40.THAI UNION GROUP PLC: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 41.THAI UNION GROUP PLC: NET SALES, 2017–2019 ($MILLION)
FIGURE 42.THAI UNION GROUP PLC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 43.THAI UNION GROUP PLC: REVENUE SHARE BY REGION, 2019 (%)
According to the insights of the top-level CXOs, the seafood market has witnessed a steady growth even under major challenges such as global uncertainty, falling fish stocks, and environmental issues. The growth of this sector is attributed to increase in awareness of health benefits associated with seafood and changes in lifestyle of consumers.
The CXOs further added that, Asia-Pacific is expected to witness robust growth during the forecast period. This is attributed to the fact that the market in this region is undergoing a transition in terms of consumer preferences and buying patterns, with higher preference seen for healthy food options that are rich in proteins, vitamins, and other nutrients over the previously widely preferred fast foods
Q1. What was the size of the Seafood Market in 2019?
A. The seafood market size was valued at $160,654.6 million in 2019.
Q2. How much will the Seafood Market be worth in the future?
A. The seafood market size is projected to reach $196,082.1 million by 2027.
Q3. At what CAGR is the Seafood Market projected to grow in the forecast period (2020-2027)?
A. The seafood market is expected to grow at a CAGR of 2.5% in the forecast period.
Q4. Which is the key factor driving the Seafood Market?
A. The growth of the seafood market can be attributed awareness of the health benefits of seafood and change in lifestyle of consumers.
Q5. Which is the most influencing segment growing in the Seafood Market report?
A. The Mollusca segment is the most influencing segment in the Seafood Market report.
Q6. What are the Seafood Market trends?
A. Pescetarianism is a form of dietary habit that has been very popular as of late.
Q7. How are the key players in Seafood Market?
A. The key players in the seafood market include Pacific Seafood, Kangamiut Seafood A/S, American Seafoods Company, Phillips Foods, Inc., Trident Seafoods Corporation., Marine Harvest ASA, Thai Union Group PCL, Lee Fishing Company, Leigh Fisheries.
Q8. Which market holds the maximum market share of the Seafood Market?
A. Asia-Pacific holds the maximum share of the seafood market.
Q9. Which is the leading segment in the Seafood Market?
A. Based on the application, the retail segment was the leading segment in the seafood market.
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