Processed Seafood Market Dynamics and Analysis by 2031
The processed seafood market is expected to register a CAGR of ~5.0% during 2023–2031. The increasing inclination of consumers towards ready-to-eat products is likely to remain a key trend in the market.
Processed Seafood Market Analysis
- The demand for processed seafood is propelled by various factors such as cost-effectiveness, greater nutritional value, and ease of availability due to increased production.
- The processed seafood market is widely influenced by factors like the growing popularity of seafood, globalization, and restrictions on trade.
- Technological advancements and evolving consumer preferences are driving growth in the processed seafood industry.
- The market is characterized by various products such as frozen seafood, smoked seafood, canned seafood, dried seafood, surimi seafood, and others.
Processed Seafood Market Overview
- Processed seafood has witnesses’ remarkable growth in global markets in recent years, reflecting a general trend towards ready-to-eat and nutritious food.
- Processed seafood refers to seafood products that have been boiled, smoked, cured, canned, frozen, and/or otherwise pre-processed before consumption.
- Factors fuelling the growth of the global processed seafood market are rising consumer interest, longer shelf life of processed seafood, and a wide variety of processed seafood products available.
- The market is driven by the demands for convenience and healthier food products and their cost-effectiveness compared to raw seafood.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Processed Seafood Market: Strategic Insights
Processed Seafood Market
-
CAGR (2023 - 2031)
5%
-
Market Size 2023
US$ XX Million
-
Market Size 2031
US$ XX Million
Market Dynamics
GROWTH DRIVERS
- The surge in demand for convenience and nutritious food
FUTURE TRENDS
- Increasing inclination of consumers towards ready-to-eat products
OPPORTUNITIES
- Rapid Urbanization and Demand for Processed Food
Key Players
- Trident Seafoods
- Universal Seafood
- Mowi ASA
- China National Fishery Corporation (CNFC)
- Austevoll Seafood ASA
- Maruha Nichiro Corporation
- Nippon Suisan Kaisha Ltd
- Thai Union Frozen Products
- Leroy Seafood Group ASA
- Nueva Pescanova Group
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Seafood Type
- Fish
- Shrimps
- Crabs
- Tuna
Technique
- Salting
- Smoking
- Drying
- Canning
Product Type
- Frozen Products
- Smoked Products
- Dried Products
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Processed Seafood Market: Strategic Insights
-
CAGR (2023 - 2031)5% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Market Dynamics
- The surge in demand for convenience and nutritious food
- Increasing inclination of consumers towards ready-to-eat products
- Rapid Urbanization and Demand for Processed Food
Key Players
- Trident Seafoods
- Universal Seafood
- Mowi ASA
- China National Fishery Corporation (CNFC)
- Austevoll Seafood ASA
- Maruha Nichiro Corporation
- Nippon Suisan Kaisha Ltd
- Thai Union Frozen Products
- Leroy Seafood Group ASA
- Nueva Pescanova Group
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Fish
- Shrimps
- Crabs
- Tuna
- Salting
- Smoking
- Drying
- Canning
- Frozen Products
- Smoked Products
- Dried Products
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Processed Seafood Market Drivers and Opportunities
Surge in Demand for Convenience and Nutritious Food
- The growing interest in food products that are both easy to prepare coupled with health benefits, is driving demand for processed seafood products.
- Processed seafood offers a practical solution for individuals with busy lifestyles who want to include seafood in their diet without the hassle of extensive preparation or cooking.
- Furthermore, processed seafood, which tends to be available in cans, frozen packs, and other forms, also enhances its convenience by making the shelf life longer, helping with storage ease and consumption any time of the day.
- Furthermore, the nutritional value of processed seafood, characterized by its high protein content and low levels of fat and calories, is particularly appealing to health-conscious consumers seeking healthier food choices.
Rapid Urbanization and Demand for Processed Food
- With the rapid development of urban areas, these processed food products, which are more convenient and have a shelf life that can last for dozens of days, are in great demand.
- The processed seafood forms, such as canned, frozen or ready-to-eat are well suited for those urban consumers’ demands for swift and convenient meal preparations.
- The rising demand for processed seafood is also fuelled by the constantly growing population of urban consumers who show a preference for processed food products because they are easy to buy, carry, and eat with no hassle in urban working areas.
Processed Seafood Market Report Segmentation Analysis
Key segments that contributed to the derivation of the processed seafood market analysis are deployment type and enterprise size.
- Based on seafood type, the processed seafood market is divided into fish, shrimp, crabs, tuna, and others.
- based on technique, the processed seafood market is divided into salting, smoking, drying, canning, and others.
- Based on product type, the processed seafood market is divided into frozen products, smoked products, dried products, and others
Processed Seafood Market Share Analysis by Geography
- Processed Seafood Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering processed seafood market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the processed seafood market in these regions.
Processed Seafood Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2023 - 2031) | 5% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Seafood Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Processed Seafood Market News and Recent Developments
The processed seafood market is evaluated by gathering qualitative and quantitative data post post-primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the processed seafood market are listed below:
- Nissui, a Japanese seafood processing company announced plans to invest in expanding production capacity at two of its US and EU subsidiaries to meet the growing demand for processed seafood in North America and European markets. (Source: Nissui, Press Release, February 2024)
Processed Seafood Market Report Coverage and Deliverables
The “Processed Seafood Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Processed seafood market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Processed seafood market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Processed seafood market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the processed seafood market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global processed seafood market is expected to grow at a CAGR of ~5% during the forecast period 2023 - 2031.
The surge in demand for convenience and nutritious food is one of the major factors driving the processed seafood market.
The increasing inclination of consumers toward ready-to-eat products is anticipated to play a significant role in the global processed seafood market in the coming years.
The leading players operating in the processed seafood market are Trident Seafoods, Universal Seafood, Mowi ASA, China National Fishery Corporation (CNFC), Austevoll Seafood ASA, Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd, Thai Union Frozen Products, Leroy Seafood Group ASA, and Nueva Pescanova Group.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The List of Companies
1. Aquachile
2. Austevoll Seafood ASA
3. China National Fishery Corporation (CNFC)
4. High Liner Foods
5. Marine Harvest ASA
6. Seaboard corporation
7.The Union Frozen Products Co., Ltd.
8. Trident seafood
9. Tropical general investments Nigeria Ltd.
10. Universal seafood