The new report by Expert Market Research titled, ‘Global Fish and Seafood Market Price, Trends, Growth, Analysis, Report and Forecast 2020-2025′, gives an in-depth analysis of the global fish and seafood market, assessing the market based on its segments like types, products, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
- Global Fish Market Historical Size (2025): 183 Million Tonnes
- Global Fish Market Forecast CAGR (2020-2025): 2.5%
- Global Fish Market Forecast Market Size (2025): 212 Million Tonnes
The global fish and seafood market is driven by the increasing health and wellness considerations, demographic and socioeconomic changes, and easy accessibility due to advancements in distribution mediums. Seafood has emerged as a healthier and leaner food option for the ageing population, and the consumers combatting obesity. The growing concerns about an increasing worldwide proportion of overweight consumers and obesity-related conditions could contribute to healthy eating, which is expected to be one of the key factors guiding the market growth over the next few years.
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Industry Definition and Major Segments
Fish and seafood refer to all fish, crustaceans, and shellfish from fresh and salted water that has any form of marine life that is edible for humans. They mainly include species of fish, molluscs, crustaceans, and echinoderms.
Based on type, the market is segmented into:
- Molluscs
- Crustaceans
- Fishes
- Others
By product, they are categorised as:
- Fresh Fish and Seafood
- Canned Fish and Seafood
- Frozen Fish and Seafood
- Other Fish and Seafood
Fresh fish and seafood are the leading product segment, followed by the frozen type. The growing demand for processed seafood is projected to aid the market growth in the forecast period.
The major regional markets for fish and seafood include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The global fish and seafood market is expected to be driven by the growing number of distributors and formats, increasing the access to fish and seafood. Farm to home distribution channel is expected to boost the fish and seafood market, especially in the developing economies due to the increasing convenience to the customers. The retailers are focusing on quality standards, clean labelling, and offer transparency and traceability, which are expected to catalyse the market growth. The government initiatives to promote healthy eating habits through public campaigns are also expected to promote the consumption of fish and seafood.
Key Market Players
The major players in the market are High Liner Foods Incorporated (TSE: HLF), Leroy Seafood Group (OTCMKTS: LYSFY), Lyons Seafoods Limited, Mowi ASA (OTCMKTS: MHGVY), Maruha Nichiro Seafoods Inc. (TYO: 1333), Tassal (ASX: TGR), Trident Seafoods Corporation, Pacific Seafood, Austevoll Seafood ASA (FRA: Z85), and Thai Union Group PCL (BKK: TU). The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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