Global Seafood Industry Size Report, 2027 - The Insight Partners

    Seafood Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (Fish, Crustaceans, Mollusca and Others), Product Type (Fresh, Frozen, Canned and Others), Distribution Channel (Supermarket & Hypermarket, Convenience Store, Specialty Store, Online, and Others)

    Publication Month: Nov 2020 | Report Code: TIPRE00015945 | No. of Pages: 182 | Category: Food and Beverages | Status: Published

    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. Scientific studies show that the marine-derived omega-3 fatty acids reduce the risk of heart disease and contribute to vision and brain development in infants. Salmon, sardines, trout, herring, canned mackerel, canned light tuna, and oysters contain a high amount of omega-3 fatty acids. Omega-3 fatty acids help to maintain a healthy heart by reducing blood pressure and lowering the risk of sudden death, abnormal heart rhythms, heart attack, and strokes. Also, fish contain an ample amount of phosphorus and calcium as well as minerals, such as zinc, iodine, iron, magnesium, and potassium.

    Asia Pacific is expected to hold the largest share of the global seafood market during the forecast period. Countries in the region, such as Japan, China, and South Korea, have a traditional significance of fish in their cultures, and hence, the high demand for fish in these countries is likely to fuel the growth of the seafood market. In addition to fresh seafood, canned seafood is also highly embraced by the region’s population. For instance, tuna is highly popular among the Asian people attributed to its appealing taste and ability to blend well with multiple flavors. The canned tuna products penetrating the Asian market are exhibiting unique flavors apart from the conventional ones. However, in recent years, the canned tuna sales in the region have been declining due to the consumers swaying toward other seafood, particularly shellfish. Thus, the manufacturers have been innovating their products in terms of base ingredients that can attract consumers. However, in Australia, canned tuna sales are escalating

    COVID-19 outbreak started in Wuhan, China, in December 2019 and has across the globe. The US, India, Brazil, Russia, France, Spain, Argentina, the UK, Italy, and Mexico are among the most-affected nations in terms of confirmed cases and reported deaths, as of November 2020. According to the WHO, there are ~50,676,072 affirmed cases and 1,261,075 death cases all around. COVID-19 has affected economies and undertakings due to lockdowns, travel bans, and business shutdowns. The global food & beverages industry is one of the major businesses enduring supply chain breaks, and manufacturing disruptions due to lockdown and office shutdowns. China is the global hub of manufacturing and the largest raw material supplier for various industries. The lockdown of various plants and factories leading regions, such as Asia Pacific and Europe, is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. All these factors have greatly affected the global seafood market growth.

    Global Seafood Market

    Global Seafood Market

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    Market Insights


    Increased Demand for Frozen and Canned Seafood

    With the proliferating demand for processed seafood, the market for frozen and canned seafood products is skyrocketing across the globe. Frozen seafood products are processed before which aids in preventing the bacterial formation on the food products and increases their shelf life. Similarly, canned fishes are processed and preserved in a sealed airtight container made of aluminum or tin. Canned fish usually has a shelf life of one to five years. Canned seafood products are gaining immense traction among consumers owing to rising demand for convenience foods. The escalating consumer preference toward convenience foods indirectly favors the canned seafood products, such as canned tuna, canned salmon, and canned mackerel. They require less time and effort compared to cooking from scratch. Hectic schedules have led consumers to prefer ready-to-cook seafood that reduces the preparation and clean-up time. The convenience factor is frequently exploited by canned seafood manufacturers to increase their products' relevance to consumers. Also, rising disposable income in various developing countries is another primary factor that significantly influences the growth of frozen and canned seafood products. For instance, according to a survey conducted by the Associated Chamber of Commerce and Industry of India, more than 79% of households in the country prefer instant food, owing to a steep increase in disposable incomes and changing standards of living and convenience. Nevertheless, use of canned fish, such as tuna, in making baguettes, sandwiches, and bagels has also created immense growth opportunities for the global seafood market. New seafood recipes are introduced to consumers living in arid, non-coastal areas, and this is considered a significant factor from the perspective of market growth. Hence, canned foods are anticipated to generate higher sales in urban areas worldwide.

    Type Insights

    Based on type, the seafood market is segmented into fish, crustaceans, mollusca, and others. In 2019, the fish segment dominated the market. Cod, salmon, trout, tuna, haddock, sea bream, plaice and shark are some type of fishes that are consumed as seafood worldwide. Fish is an important source of protein. It can be consumed raw as in Japanese sashimi or can be kept for future consumption as done in pickled herring. It can be smoked and consumed as in the form of smoked salmon and can also be canned. Most of the fishes are cooked by frying, baking, steaming or grilling. It can also be cut into small pieces and be used in the making of soup, stew or curries. Fishes with white flesh are lower in fat as compared to any other source of animal protein. The oily fish are high in omega-3 fatty acid and serves as a source of good fats.

    Global Seafood Market, by Fruit Type – 2019 and 2027

    Global Seafood Market, by Fruit Type – 2019 and 2027

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    Product Type Insights

    Based on product type, the seafood market is segmented into fresh, frozen, canned, and others. In 2019, the fresh segment dominated the market. Fresh seafood is highly preferred by the majority of the consumers owing to its health benefits. Various factors, such as sedentary lifestyle habits, rising income levels, increasing prevalence of chronic conditions, and escalating awareness about health and wellness, have resulted in a shift in individuals' consumption patterns. Consumers are highly focusing on reducing or eliminating carbohydrate-loaded food products from their daily diet and include the consumption of protein-rich food items, such as fish. Consumers are heavily employing seafood, such as tuna and salmon, to prepare pasta, burgers, salads, tartar sauce, and other dishes that are consumed as a part of the daily diet. Attributed to increasing inclination of consumers toward seafood, hotels, and restaurants offer a wide variety of seafood dishes. To gain consumer attraction, chefs have perfected new recipes and dishes majorly made with fish, trout, and prawns. The popularity of these recipes has aided in the growth of the seafood market. The food industry needs to encapsulate seafood as a vital part of its offerings. The necessity to reciprocate to consumers of all ages and preferences has popularized seafood around the world.

    Distribution Channel Insights

    Based on distribution channel, the seafood market is segmented into supermarkets and hypermarkets, convenience stores, specialty stores, online, and others. In 2019, the supermarkets and hypermarkets segment dominated the market. Supermarkets and hypermarkets refer to self-service shops giving a wide variety of products available for sale. Seafoods have a dedicated section in the supermarkets and hypermarkets. Thus, the customers are provided with a wide variety of options to choose from, especially from the freezer section. The supermarket and hypermarket seafood counters are considered to be an excellent place for the purchase of a wide variety of fresh and frozen seafood. Seafood is very perishable and needs to be properly handled from the minute they are taken out of water. The supermarket and hypermarkets provide super-fast freezing which keeps the seafood fresh for a longer period of time. Smoked fish and canned fish are found in many varieties in the supermarkets and hypermarkets. Consumers prefer purchasing seafood from supermarkets and hypermarkets owing to the trust of high-quality products. Atlantic salmon, Pacific salmon, cod, catfish, haddock, trout, and tuna are some of the most common seafood varieties that are sold and picked up from the supermarkets and hypermarkets. Whole Foods Market, Hy-Vee, ALDI, Publix supermarkets, Patel Brothers, and Giant Eagle are some of the famous supermarket chains selling seafood to the customers.

    Strategic Insights

    Key players present in the global seafood market include 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, and SeaPak Shrimp & Seafood Company. These companies are implementing new product developments and mergers and acquisitions to enlarge the customer base and gain significant market share across the world, which, in turn, permit the players to maintain their brand name globally.

    Report Spotlights

    • Progressive industry trends in the global seafood market that help players develop effective long-term strategies
    • Business growth strategies adopted by developed and developing markets
    • Quantitative analysis of the global seafood market from 2017 to 2027
    • Estimation of global seafood demand across various industries
    • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
    • Recent developments to understand the competitive market scenario and global seafood demand
    • Market trends and outlook, and factors driving and restraining the growth of the global seafood market
    • Understanding of strategies that underpin commercial interest with regard to the market growth
    • Global seafood market size at various nodes of market
    • Detailed overview and segmentation of the market, as well as its industry dynamics
    • Global seafood market size in various regions with promising growth opportunities in the respective regions

    Seafood Market, byType

    • Fish
    • Crustaceans
    • Mollusca
    • Others


    Seafood Market, by Product Type

    • Fresh
    • Frozen
    • Canned
    • Others


    Seafood Market, by Distribution Channel

    • Supermarket and Hypermarket
    • Convenience Store
    • Specialty Store
    • Online
    • Others


    Company Profiles

    • 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

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    1.3.1 Seafood Market Segmentation

    2. Key Takeaways

    2.1.1 Global Seafood Market Overview

    2.1.2 Fresh Segment Held Largest Share of Global Seafood Market

    2.1.3 Asia Pacific Held Largest Share of Global Seafood Market

    2.1.4 Global Seafood Market, Industry Landscape

    3. Research Methodology

    3.1 Scope of the Study

    3.2 Research Methodology

    3.2.1 Data Collection:

    3.2.2 Primary Interviews:

    3.2.3 Hypothesis formulation:

    3.2.4 Macro-economic factor analysis:

    3.2.5 Developing base number:

    3.2.6 Data Triangulation:

    3.2.7 Country level data:

    4. Seafood Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America

    4.2.2 Europe

    4.2.3 APAC

    4.2.4 MEA

    4.2.5 SAM

    4.3 Expert Opinion

    5. Seafood Market – Key Market Dynamics

    5.1 Market Drivers

    5.1.1 Health Benefits Associated With Seafood Attracts Health Conscious Consumers

    5.1.2 Increased Demand for Frozen and Canned Seafood

    5.2 Market Restraints

    5.2.1 Increasing Veganism Across the Globe

    5.3 Market Opportunities

    5.3.1 Escalating Online Sales Coupled With Growing Government Initiatives

    5.4 Future Trends

    5.4.1 Growing Demand for Sustainable Seafood Products

    5.5 Impact Analysis Of Drivers And Restraints

    6. Seafood – Global Market Analysis

    6.1 Seafood Market Overview

    6.2 Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    6.3 Market Positioning – Key Market Players

    7. Seafood Market Analysis – By Type

    7.1 Overview

    7.2 Seafood Market, By Type (2019 and 2027)

    7.3 Fish

    7.3.1 Overview

    7.3.1.1 Fish: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    7.4 Crustaceans

    7.4.1 Overview

    7.4.1.1 Crustaceans: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    7.5 Mollusca

    7.5.1 Overview

    7.5.1.1 Mollusca: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    7.6 Others

    7.6.1 Overview

    7.6.1.1 Others: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    8. Seafood Market Analysis – By Product Type

    8.1 Overview

    8.2 Seafood Market, By Product Type (2019 and 2027)

    8.3 Fresh

    8.3.1 Overview

    8.3.1.1 Fresh: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)

    8.4 Frozen

    8.4.1 Overview

    8.4.1.1 Frozen: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)

    8.5 Canned

    8.5.1 Overview

    8.5.1.1 Canned: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)

    8.6 Others

    8.6.1 Overview

    8.6.1.1 Others: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)

    9. Seafood Market Analysis – By Distribution Channel

    9.1 Overview

    9.2 Seafood Market, By Distribution Channel (2019 and 2027)

    9.3 Supermarkets and Hypermarkets

    9.3.1 Overview

    9.3.1.1 Supermarkets and Hypermarkets: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    9.4 Convenience Stores

    9.4.1 Overview

    9.4.1.1 Convenience Stores: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    9.5 Speciality Stores

    9.5.1 Overview

    9.5.1.1 Speciality Stores: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    9.6 Online

    9.6.1 Overview

    9.6.1.1 Online: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    9.7 Others

    9.7.1 Overview

    9.7.2 Others: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    10. Seafood Market – Geographic Analysis

    10.1 Overview

    10.2 North America: Seafood Market

    10.2.1 North America: Seafood Market –Revenue and Forecast to 2027(US$ Million)

    10.2.2 North America: Seafood Market, by Type

    10.2.3 North America: Seafood Market, by Product Type

    10.2.4 North America: Seafood Market, by Distribution Channel

    10.2.5 North America: Seafood Market, by Key Country

    10.2.5.1 US: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.2.5.1.1 US: Seafood Market, by Type

    10.2.5.1.2 US: Seafood Market, by Product Type

    10.2.5.1.3 US: Seafood Market, by Distribution Channel

    10.2.5.2 Canada: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.2.5.2.1 Canada: Seafood Market, by Type

    10.2.5.2.2 Canada: Seafood Market, by Product Type

    10.2.5.2.3 Canada: Seafood Market, by Distribution Channel

    10.2.5.3 Mexico: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.2.5.3.1 Mexico: Seafood Market, by Type

    10.2.5.3.2 Mexico: Seafood Market, by Product Type

    10.2.5.3.3 Mexico: Seafood Market, by Distribution Channel

    10.3 Europe: Seafood Market

    10.3.1 Europe: Seafood Market –Revenue and Forecast to 2027(US$ Million)

    10.3.2 Europe: Seafood Market, by Type

    10.3.3 Europe: Seafood Market, by Product Type

    10.3.4 Europe: Seafood Market, by Distribution Channel

    10.3.5 Europe: Seafood Market, by Key Country

    10.3.5.1 Germany: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.3.5.1.1 Germany: Seafood Market, by Type

    10.3.5.1.2 Germany: Seafood Market, by Product Type

    10.3.5.1.3 Germany: Seafood Market, by Distribution Channel

    10.3.5.2 France: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.3.5.2.1 France: Seafood Market, by Type

    10.3.5.2.2 France: Seafood Market, by Product Type

    10.3.5.2.3 France: Seafood Market, by Distribution Channel

    10.3.5.3 Italy: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.3.5.3.1 Italy: Seafood Market, by Type

    10.3.5.3.2 Italy: Seafood Market, by Product Type

    10.3.5.3.3 Italy: Seafood Market, by Distribution Channel

    10.3.5.4 United Kingdom: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.3.5.4.1 United Kingdom: Seafood Market, by Type

    10.3.5.4.2 United Kingdom: Seafood Market, by Product Type

    10.3.5.4.3 United Kingdom: Seafood Market, by Distribution Channel

    10.3.5.5 Russia: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.3.5.5.1 Russia: Seafood Market, by Type

    10.3.5.5.2 Russia: Seafood Market, by Product Type

    10.3.5.5.3 Russia: Seafood Market, by Distribution Channel

    10.3.5.6 Rest of Europe: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.3.5.6.1 Rest of Europe: Seafood Market, by Type

    10.3.5.6.2 Rest of Europe: Seafood Market, by Product Type

    10.3.5.6.3 Rest of Europe: Seafood Market, by Distribution Channel

    10.4 Asia Pacific: Seafood Market

    10.4.1 Asia Pacific: Seafood Market –Revenue and Forecast to 2027(US$ Million)

    10.4.2 Asia Pacific: Seafood Market, by Type

    10.4.3 Asia Pacific: Seafood Market, by Product Type

    10.4.4 Asia Pacific: Seafood Market, by Distribution Channel

    10.4.5 Asia Pacific: Seafood Market, by Key Country

    10.4.5.1 Australia: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.4.5.1.1 Australia: Seafood Market, by Type

    10.4.5.1.2 Australia: Seafood Market, by Product Type

    10.4.5.1.3 Australia: Seafood Market, by Distribution Channel

    10.4.5.2 China: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.4.5.2.1 China: Seafood Market, by Type

    10.4.5.2.2 China: Seafood Market, by Product Type

    10.4.5.2.3 China: Seafood Market, by Distribution Channel

    10.4.5.3 India: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.4.5.3.1 India: Seafood Market, by Type

    10.4.5.3.2 India: Seafood Market, by Product Type

    10.4.5.3.3 India: Seafood Market, by Distribution Channel

    10.4.5.4 Japan: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.4.5.4.1 Japan: Seafood Market, by Type

    10.4.5.4.2 Japan: Seafood Market, by Product Type

    10.4.5.4.3 Japan: Seafood Market, by Distribution Channel

    10.4.5.5 South Korea: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.4.5.5.1 South Korea: Seafood Market, by Type

    10.4.5.5.2 South Korea: Seafood Market, by Product Type

    10.4.5.5.3 South Korea: Seafood Market, by Distribution Channel

    10.4.5.6 Rest of Asia Pacific: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.4.5.6.1 Rest of Asia Pacific: Seafood Market, by Type

    10.4.5.6.2 Rest of Asia Pacific: Seafood Market, by Product Type

    10.4.5.6.3 Rest of Asia Pacific: Seafood Market, by Distribution Channel

    10.5 Middle East and Africa: Seafood Market

    10.5.1 Middle East and Africa: Seafood Market –Revenue and Forecast to 2027(US$ Million)

    10.5.2 Middle East and Africa: Seafood Market, by Type

    10.5.3 Middle East and Africa: Seafood Market, by Product Type

    10.5.4 Middle East and Africa: Seafood Market, by Distribution Channel

    10.5.5 Middle East and Africa: Seafood Market, by Key Country

    10.5.5.1 South Africa: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.5.5.1.1 South Africa: Seafood Market, by Type

    10.5.5.1.2 South Africa: Seafood Market, by Product Type

    10.5.5.1.3 South Africa: Seafood Market, by Distribution Channel

    10.5.5.2 Saudi Arabia: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.5.5.2.1 Saudi Arabia: Seafood Market, by Type

    10.5.5.2.2 Saudi Arabia: Seafood Market, by Product Type

    10.5.5.2.3 Saudi Arabia: Seafood Market, by Distribution Channel

    10.5.5.3 UAE: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.5.5.3.1 UAE: Seafood Market, by Type

    10.5.5.3.2 UAE: Seafood Market, by Product Type

    10.5.5.3.3 UAE: Seafood Market, by Distribution Channel

    10.5.5.4 Rest of MEA: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.5.5.4.1 Rest of MEA: Seafood Market, by Type

    10.5.5.4.2 Rest of MEA: Seafood Market, by Product Type

    10.5.5.4.3 Rest of MEA: Seafood Market, by Distribution Channel

    10.6 South America: Seafood Market

    10.6.1 South America: Seafood Market –Revenue and Forecast to 2027(US$ Million)

    10.6.2 South America: Seafood Market, by Type

    10.6.3 South America: Seafood Market, by Product Type

    10.6.4 South America: Seafood Market, by Distribution Channel

    10.6.5 South America: Seafood Market, by Key Country

    10.6.5.1 Brazil: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.6.5.1.1 Brazil: Seafood Market, by Type

    10.6.5.1.2 Brazil: Seafood Market, by Product Type

    10.6.5.1.3 Brazil: Seafood Market, by Distribution Channel

    10.6.5.2 Argentina: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.6.5.2.1 Argentina: Seafood Market, by Type

    10.6.5.2.2 Argentina: Seafood Market, by Product Type

    10.6.5.2.3 Argentina: Seafood Market, by Distribution Channel

    10.6.5.3 Rest of South America: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    10.6.5.3.1 Rest of South America: Seafood Market, by Type

    10.6.5.3.2 Rest of South America: Seafood Market, by Product Type

    10.6.5.3.3 Rest of South America: Seafood Market, by Distribution Channel

    11. Overview- Impact of Coronavirus outbreak

    11.1 Overview

    11.2 North America: Impact Assessment of COVID-19 Pandemic

    11.3 Europe: Impact Assessment of COVID-19 Pandemic

    11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

    11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

    11.6 South America: Impact Assessment of COVID-19 Pandemic

    12. Industry Landscape

    12.1 Merger and Acquisition

    12.2 New Product Development

    12.3 Investment Scenario

    12.4 Others

    13. Company Profiles

    13.1 American Seafoods Company LLC

    13.1.1 Key Facts

    13.1.2 Business Description

    13.1.3 Products and Services

    13.1.4 Financial Overview

    13.1.5 SWOT Analysis

    13.1.6 Key Developments

    13.2 Kangamiut Seafood A/C

    13.2.1 Key Facts

    13.2.2 Business Description

    13.2.3 Products and Services

    13.2.4 Financial Overview

    13.2.5 SWOT Analysis

    13.3 Lee Fishing Company

    13.3.1 Key Facts

    13.3.2 Business Description

    13.3.3 Products and Services

    13.3.4 Financial Overview

    13.3.5 SWOT Analysis

    13.4 Pacific American Fish Co. Inc.

    13.4.1 Key Facts

    13.4.2 Business Description

    13.4.3 Products and Services

    13.4.4 Financial Overview

    13.4.5 SWOT Analysis

    13.5 Royal Greenland A/S

    13.5.1 Key Facts

    13.5.2 Business Description

    13.5.3 Products and Services

    13.5.4 Financial Overview

    13.5.5 SWOT Analysis

    13.5.6 Key Developments

    13.6 Mowi ASA

    13.6.1 Key Facts

    13.6.2 Business Description

    13.6.3 Products and Services

    13.6.4 Financial Overview

    13.6.5 SWOT Analysis

    13.6.6 Key Developments

    13.7 Thai Union Group PCL

    13.7.1 Key Facts

    13.7.2 Business Description

    13.7.3 Products and Services

    13.7.4 Financial Overview

    13.7.5 SWOT Analysis

    13.7.6 Key Developments

    13.8 Grupo Nueva Pescanova

    13.8.1 Key Facts

    13.8.2 Business Description

    13.8.3 Products and Services

    13.8.4 Financial Overview

    13.8.5 SWOT Analysis

    13.8.6 Key Developments

    13.9 Trident Seafoods Corporation

    13.9.1 Key Facts

    13.9.2 Business Description

    13.9.3 Products and Services

    13.9.4 Financial Overview

    13.9.5 SWOT Analysis

    13.9.6 Key Developments

    13.10 SeaPak Shrimp & Seafood Company

    13.10.1 Key Facts

    13.10.2 Business Description

    13.10.3 Products and Services

    13.10.4 Financial Overview

    13.10.5 SWOT Analysis

    13.10.6 Key Developments

    14. Appendix

    14.1 About The Insight Partners

    14.2 Word Index

    LIST OF TABLES

    Table 1. Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Table 2. North America Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 3. North America Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)

    Table 4. North America Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 5. US Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 6. US Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)

    Table 7. US Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 8. Canada Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 9. Canada Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 10. Canada Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 11. Mexico Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 12. Mexico Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 13. Mexico Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 14. Europe Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 15. Europe Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)

    Table 16. Europe Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 17. Germany Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 18. Germany Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)

    Table 19. Germany Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 20. France Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 21. France Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 22. France Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 23. Italy Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 24. Italy Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 25. Italy Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 26. United Kingdom Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 27. United Kingdom Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 28. United Kingdom Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 29. Russia Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 30. Russia Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 31. Russia Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 32. Rest of Europe Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 33. Rest of Europe Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 34. Rest of Europe Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 35. Asia Pacific Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 36. Asia Pacific Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)

    Table 37. Asia Pacific Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 38. Australia Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 39. Australia Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)

    Table 40. Australia Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 41. China Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 42. China Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 43. China Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 44. India Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 45. India Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 46. India Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 47. Japan Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 48. Japan Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 49. Japan Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 50. South Korea Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 51. South Korea Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 52. South Korea Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 53. Rest of Asia Pacific Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 54. Rest of Asia Pacific Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 55. Rest of Asia Pacific Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 56. Middle East and Africa Seafood Market, by Distribution Channel– Revenue and Forecast to 2027 (USD Million)

    Table 57. Middle East and Africa Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)

    Table 58. Middle East and Africa Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 59. South Africa Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 60. South Africa Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)

    Table 61. South Africa Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 62. Saudi Arabia Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 63. Saudi Arabia Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 64. Saudi Arabia Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 65. UAE Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 66. UAE Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 67. UAE Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 68. Rest of MEA Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 69. Rest of MEA Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 70. Rest of MEA Seafood Market, by Distribution Channel

    Table 71. South America Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 72. South America Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)

    Table 73. South America Seafood Market, by Distribution Channel– Revenue and Forecast to 2027 (USD Million)

    Table 74. Brazil Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 75. Brazil Seafood Market, by Product Type– Revenue and Forecast to 2027 (USD Million)

    Table 76. Brazil Seafood Market, by Distribution Channel– Revenue and Forecast to 2027 (USD Million)

    Table 77. Argentina Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 78. Argentina Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 79. Argentina Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 80. Rest of South America Seafood Market, by Type– Revenue and Forecast to 2027 (USD Million)

    Table 81. Rest of South America Seafood Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

    Table 82. Rest of South America Seafood Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)

    Table 83. List of Abbreviation

    LIST OF FIGURES

    Figure 1. Seafood Market Segmentation – By Geography

    Figure 2. Seafood Market Impact Analysis Of Driver And Restraints

    Figure 3. Geographic Overview of Seafood Market

    Figure 4. Global: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 5. Seafood Market Revenue Share, by Type (2019 and 2027)

    Figure 6. Fish: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 7. Crustaceans: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 8. Mollusca: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 9. Others: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 10. Seafood Market Revenue Share, by Product Type (2019 and 2027)

    Figure 11. Fresh: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 12. Frozen: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 13. Canned: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 14. Others: Seafood Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 15. Seafood Market Revenue Share, by Distribution Channel (2019 and 2027)

    Figure 16. Supermarkets and Hypermarkets: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 17. Convenience Stores: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 18. Specialty Stores: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 19. Online: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 20. Others: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 21. Global Seafood Market Revenue Share, by Region (2019 and 2027)

    Figure 22. North America: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 23. North America: Seafood Market Revenue Share, by Type (2019 and 2027)

    Figure 24. North America: Seafood Market Revenue Share, by Product Type (2019 and 2027)

    Figure 25. North America: Seafood Market Revenue Share, by Distribution Channel (2019 and 2027)

    Figure 26. North America: Seafood Market Revenue Share, by Key Country (2019 and 2027)

    Figure 27. US: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 28. Canada: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 29. Mexico: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 30. Europe: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 31. Europe: Seafood Market Revenue Share, by Type (2019 and 2027)

    Figure 32. Europe: Seafood Market Revenue Share, by Product Type (2019 and 2027)

    Figure 33. Europe: Seafood Market Revenue Share, by Distribution Channel (2019 and 2027)

    Figure 34. Europe: Seafood Market Revenue Share, by Key Country (2019 and 2027)

    Figure 35. Germany: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 36. France: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 37. Italy: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 38. United Kingdom: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 39. Russia: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 40. Rest of Europe: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 41. Asia Pacific: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 42. Asia Pacific: Seafood Market Revenue Share, by Type (2019 and 2027)

    Figure 43. Asia Pacific: Seafood Market Revenue Share, by Product Type (2019 and 2027)

    Figure 44. Asia Pacific: Seafood Market Revenue Share, by Distribution Channel (2019 and 2027)

    Figure 45. Asia Pacific: Seafood Market Revenue Share, by Key Country (2019 and 2027)

    Figure 46. Australia: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 47. China: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 48. India: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 49. Japan: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 50. South Korea: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 51. Rest of Asia Pacific: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 52. Middle East and Africa: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 53. Middle East and Africa: Seafood Market Revenue Share, by Type (2019 and 2027)

    Figure 54. Middle East and Africa: Seafood Market Revenue Share, by Product Type (2019 and 2027)

    Figure 55. Middle East and Africa: Seafood Market Revenue Share, by Distribution Channel (2019 and 2027)

    Figure 56. Middle East and Africa: Seafood Market Revenue Share, by Key Country (2019 and 2027)

    Figure 57. South Africa: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 58. Saudi Arabia: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 59. UAE: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 60. Rest of MEA: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 61. South America: Seafood Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 62. South America: Seafood Market Revenue Share, by Type (2019 and 2027)

    Figure 63. South America: Seafood Market Revenue Share, by Product Type (2019 and 2027)

    Figure 64. South America: Seafood Market Revenue Share, by Distribution Channel (2019 and 2027)

    Figure 65. South America: Seafood Market Revenue Share, by Key Country (2019 and 2027)

    Figure 66. Brazil: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 67. Argentina: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 68. Rest of South America: Seafood Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 69. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 70. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 71. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 72. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

    Figure 73. Impact of COVID-19 Pandemic in South America Country Markets

    The List of Companies - Global Seafood Market

    1. American Seafoods Company LLC
    2. Kangamiut Seafood A/C
    3. Lee Fishing Company
    4. Pacific American Fish Co. Inc.
    5. Royal Greenland A/S
    6. Mowi ASA
    7. The Union Group PCL
    8. Grupo Nueva Pescanova
    9. Trident Seafoods Corporation
    10. SeaPak Shrimp & Seafood Company
    • Highlights key business priorities to assist companies realign their business strategies.

    • Features key findings and crucial progressive industry trends in the global Seafood market, thereby allowing players to develop effective long-term strategies.

    • Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.

    • Scrutinizes in-depth market trends as well as key market drivers and restraints.

    • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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    Frequently Asked Questions

    The major players operating in the global seafood market are 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 among many others.
    In 2019, the Asia Pacific held the largest share of the global seafood market. Asia Pacific is a mature and well-established market for seafood. Countries such as Japan, China, and South Korea have a traditional significance of fish in their cultures, and hence, the high demand for fish in these countries is likely to fuel the growth of the seafood market. In addition to fresh seafood, canned seafood is also highly embraced by the region’s population. For instance, tuna is highly popular among the Asian people attributed to its appealing taste and ability to blend well with multiple flavors. The canned tuna products penetrating the Asian market are exhibiting unique flavors apart from the conventional ones. However, in recent years the canned tuna sales in the region have been declining due to the consumers swaying towards other seafood, particularly shellfish. Thus, the manufacturers have been innovating their products in terms of base ingredients that can attract consumers. However, in Australia, canned tuna sales are escalating.
    The growth of the crustaceans type segment is primarily attributed to the fact as many species of crustaceans are found in freshwater, seawater and also in inland brines. The crustaceans group include some commonly consumed seafoods like crab, shrimp, lobsters, prawns, crayfish, krill and barnacles. These crustaceans develop form larvae and bear segmented, split limbs or appendages. The fisheries in many parts of the world capture prawns, shrimps, spiny lobsters and king crabs, especially from the Northern Pacific and its southern counterparts. Many species of true crabs like the blue crab, Dungeness crab and stone crab serves as a valuable source of food. Crustaceans are consumed as seafoods as they are loaded with lean proteins, micronutrients and healthy fats. They aid in weight loss, helps in boosting immunity and promotes heat & brain health.

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