The global market for Seafood is estimated at US$120.3 Billion in 2023 and is projected to reach US$155.3 Billion by 2030, growing at a CAGR of 3.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the seafood market is driven by several factors, reflecting the increasing demand for nutritious and sustainable food options. A rising global population and heightened awareness of the health benefits associated with seafood consumption are significant drivers. Technological advancements in aquaculture and fishing techniques are enhancing yields and sustainability, supporting market expansion. Consumer trends towards healthy eating and natural foods are boosting the popularity of seafood as a prime protein source. Furthermore, the expanding middle class in emerging economies is increasing seafood consumption, fueled by higher disposable incomes and changing dietary patterns.
Environmental concerns and the push for sustainable practices are also driving the market, as both consumers and producers aim to minimize the ecological impact of seafood production. The development of innovative seafood products and alternative proteins is further diversifying the market, catering to a broader range of dietary preferences and needs. These factors collectively highlight the dynamic growth and evolving landscape of the global seafood market, emphasizing its crucial role in food security and sustainable nutrition.
The growth in the seafood market is driven by several factors, reflecting the increasing demand for nutritious and sustainable food options. A rising global population and heightened awareness of the health benefits associated with seafood consumption are significant drivers. Technological advancements in aquaculture and fishing techniques are enhancing yields and sustainability, supporting market expansion. Consumer trends towards healthy eating and natural foods are boosting the popularity of seafood as a prime protein source. Furthermore, the expanding middle class in emerging economies is increasing seafood consumption, fueled by higher disposable incomes and changing dietary patterns.
Environmental concerns and the push for sustainable practices are also driving the market, as both consumers and producers aim to minimize the ecological impact of seafood production. The development of innovative seafood products and alternative proteins is further diversifying the market, catering to a broader range of dietary preferences and needs. These factors collectively highlight the dynamic growth and evolving landscape of the global seafood market, emphasizing its crucial role in food security and sustainable nutrition.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Ground Fish segment, which is expected to reach US$41.2 Billion by 2030 with a CAGR of a 3.2%. The Pelagics segment is also set to grow at 4.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $6.5 Billion in 2023, and China, forecasted to grow at an impressive 4.5% CAGR to reach $61.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Seafood Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Seafood Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Seafood Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Azuma Foods International, Inc., U.S.A., Arte Morhua, S.A., AquaBounty Technologies, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 237 Featured):
- Azuma Foods International, Inc., U.S.A.
- Arte Morhua, S.A.
- AquaBounty Technologies, Inc.
- Ascona Ingredients Inc.
- Agroittica Lombarda SpA
- Amplifon SpA
- Austral Fisheries Pty., Ltd.
- AS DGM SHIPPING
- Best of Halal
- ANTICHE BONTA' GASTRONOMICHE S.r.l.
- Asiago Food S.p.A.
- alalali
- Arizona Sunland Foods
- American Grill
- Albacora
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Azuma Foods International, Inc., U.S.A.
- Arte Morhua, S.A.
- AquaBounty Technologies, Inc.
- Ascona Ingredients Inc.
- Agroittica Lombarda SpA
- Amplifon SpA
- Austral Fisheries Pty., Ltd.
- AS DGM SHIPPING
- Best of Halal
- ANTICHE BONTA' GASTRONOMICHE S.r.l.
- Asiago Food S.p.A.
- alalali
- Arizona Sunland Foods
- American Grill
- Albacora
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 719 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 120.3 Billion |
Forecasted Market Value ( USD | $ 155.3 Billion |
Compound Annual Growth Rate | 3.7% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |