The seafood market was valued at US$ 158,910.17 million in 2019 and is projected to reach US$ 198,854.86 million by 2027; it is expected to grow at a CAGR of 2.9% during the forecast period.
As per the Food and Drug Administration, seafood encompasses all commercially obtained saltwater and freshwater fish, molluscan shellfish, and crustaceans. The demand for seafood is anticipated to witness a dramatic growth across the globe owing to its health benefits. Seafood provides numerous health benefits to consumers which drives seafood consumption among consumers. Rise in health consciousness among consumer’s further helps in market expansion. Seafood is a high-protein food, which is low in calories, total fat, and saturated fat. It consists of adequate amount of the essential amino acids to ensure healthy growth and optimal fetal development. A 3-ounce serving of most shellfish and fish provides more than 30–40% of the average daily recommended amount of protein. Seafood is rich in vitamins and minerals and offers a wide array of health advantages to the consumer. Recent studies have shown that seafood consumption can reduce the risk of heart attack, obesity, stroke, and hypertension. Seafood also provides vital nutrients for developing infants and children. Further, seafood is commonly considered a low-calorie protein source.
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The key players profiled in this study includes:
- American Seafoods Company LLC
- Kangamiut Seafood A/C
- Lee Fishing Company
- Pacific American Fish Co. Inc.
- Royal Greenland A/S
- Mowi ASA
- The Union Group PCL
- Grupo Nueva Pescanova
- Trident Seafoods Corporation
- SeaPak Shrimp & Seafood Company
After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report’s authors in the study. Most companies in the Seafood Market are currently engaged in adopting new technologies, strategies, product developments, expansions, and long-term contracts to maintain their dominance in the global market
Analysis tools such as SWOT analysis and Porter’s five force model have been inculcated in order to present a perfect in-depth knowledge about Seafood Market. Ample graphs, tables, charts are added to help have an accurate understanding of this market. The Seafood Market is also been analyzed in terms of value chain analysis and regulatory analysis.
In-depth qualitative analyses include identification and investigation of the following aspects:
Restraints and Challenges
EmerSeafoodg Product Trends & Market Opportunities
Risk Assessment for Investing in Global Market
Critical Success Factors (CSFs)
The competitive landscape of the market has been examined on the basis of market share analysis of key players. Detailed market data about these factors is estimated to help vendors take strategic decisions that can strengthen their positions in the market and lead to more effective and larger stake in the global Seafood Market. Pricing and cost teardown analysis for products and service offerings of key players has also been undertaken for the study.
The Table of Content for Seafood Market research study includes:
- Key Takeaways
- Research Methodology
- Seafood Market Landscape
- Seafood Market – Key Market Dynamics
- Seafood Market – Global Market Analysis
- Seafood Market – Revenue And Forecasts to 2027 – Type
- Seafood Market – Revenue And Forecasts to 2027 – Type of Product
- Seafood Market – Revenue And Forecasts to 2027 – Service
- Seafood Market Revenue And Forecasts to 2027 – Geographical Analysis
- Impact of Covid-19 Pandemic on Global Seafood Market
- Industry Landscape
- Seafood Market, Key Company Profiles
- List of Tables
- List of Figures
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