Seafood is basically any form of sea life that is regarded as food, which mostly includes shellfish and fish. Shellfish involves a variety of species such as crustaceans, echinoderms, and molluscs. Seafood snacks are considered to be an important source of protein, which provides various health benefits to the consumers. Seafood is considered to be healthy for the mind and body.
MARKET SCOPE
The "Global Seafood snacks Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the seafood snacks market with detailed market segmentation by type, distribution channel, and geography. The report provides key statistics on the market status of the leading seafood snacks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global seafood snacks market is segmented into fish, crustaceans, mollusca, others.
- Based on distribution channel, the market is segmented into supermarket and hypermarket, convenience store, online retail, and others.
MARKET DYNAMICS
Drivers:
- The growth of the seafood market can be attributed to increase in awareness of the health benefits regarding seafood and change in lifestyle of the consumers.
- Rising awareness among consumers regarding the living conditions of the cattle in cattle farms has further changed the preference of non-vegetarians to pescetarianism; thereby, fueling the market growth.
Restraints:
- Depletion of sea species may hamper the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The seafood snacks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the seafood snacks market in these regions.
IMPACT OF COVID-19 ON SEAFOOD SNACKS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the food and beverages industry in various countries due to lockdowns, travel bans, and business shutdowns. The COVID pandemic initially disrupted the demand for seafood snacks due to the lockdown of restaurants, food service providers, liquor shops, hotels, and bars which had a negative impact on the seafood snacks market. The shutdown of the local shops and pubs has generated opportunities for the online service providers which has steadied the demand for seafood snacks in the period of pandemic which has had a positive impact on the seafood snacks market. Thus, initially COVID 19 had a negative impact on the seafood snacks market but slowly and steadily as the demand for dried fruits increased, leading to an increased demand for seafood snacks.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The seafood snacks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the seafood snacks market in these regions.
IMPACT OF COVID-19 ON SEAFOOD SNACKS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the food and beverages industry in various countries due to lockdowns, travel bans, and business shutdowns. The COVID pandemic initially disrupted the demand for seafood snacks due to the lockdown of restaurants, food service providers, liquor shops, hotels, and bars which had a negative impact on the seafood snacks market. The shutdown of the local shops and pubs has generated opportunities for the online service providers which has steadied the demand for seafood snacks in the period of pandemic which has had a positive impact on the seafood snacks market. Thus, initially COVID 19 had a negative impact on the seafood snacks market but slowly and steadily as the demand for dried fruits increased, leading to an increased demand for seafood snacks.
MARKET PLAYERS
The report covers key developments in the seafood snacks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from seafood snacks market are anticipated to lucrative growth opportunities in the future with the rising demand for seafood snacks in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the seafood snacks market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Calbee
- Gadre Marine
- GRUPO NUEVA PESCANOVA
- ITC
- Pacific Seafood
- Royal Greenland A/S
- Sea Snack Food, Inc.
- SEAFOOD-DELIGHT
- THAI UNION GROUP PCL
- Trident Seafoods Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Seafood Snacks Market - By Source
1.3.2 Seafood Snacks Market - By Distribution Channel
1.3.3 Seafood Snacks Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SEAFOOD SNACKS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SEAFOOD SNACKS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SEAFOOD SNACKS MARKET - GLOBAL MARKET ANALYSIS
6.1. SEAFOOD SNACKS - GLOBAL MARKET OVERVIEW
6.2. SEAFOOD SNACKS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SEAFOOD SNACKS MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. FISH
7.3.1. Overview
7.3.2. Fish Market Forecast and Analysis
7.4. CRUSTACEANS
7.4.1. Overview
7.4.2. Crustaceans Market Forecast and Analysis
7.5. MOLLUSCS
7.5.1. Overview
7.5.2. Molluscs Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SEAFOOD SNACKS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SEAFOOD SNACKS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Seafood Snacks Market Overview
9.1.2 North America Seafood Snacks Market Forecasts and Analysis
9.1.3 North America Seafood Snacks Market Forecasts and Analysis - By Source
9.1.4 North America Seafood Snacks Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Seafood Snacks Market Forecasts and Analysis - By Countries
9.1.5.1 United States Seafood Snacks Market
9.1.5.1.1 United States Seafood Snacks Market by Source
9.1.5.1.2 United States Seafood Snacks Market by Distribution Channel
9.1.5.2 Canada Seafood Snacks Market
9.1.5.2.1 Canada Seafood Snacks Market by Source
9.1.5.2.2 Canada Seafood Snacks Market by Distribution Channel
9.1.5.3 Mexico Seafood Snacks Market
9.1.5.3.1 Mexico Seafood Snacks Market by Source
9.1.5.3.2 Mexico Seafood Snacks Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Seafood Snacks Market Overview
9.2.2 Europe Seafood Snacks Market Forecasts and Analysis
9.2.3 Europe Seafood Snacks Market Forecasts and Analysis - By Source
9.2.4 Europe Seafood Snacks Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Seafood Snacks Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Seafood Snacks Market
9.2.5.1.1 Germany Seafood Snacks Market by Source
9.2.5.1.2 Germany Seafood Snacks Market by Distribution Channel
9.2.5.2 France Seafood Snacks Market
9.2.5.2.1 France Seafood Snacks Market by Source
9.2.5.2.2 France Seafood Snacks Market by Distribution Channel
9.2.5.3 Italy Seafood Snacks Market
9.2.5.3.1 Italy Seafood Snacks Market by Source
9.2.5.3.2 Italy Seafood Snacks Market by Distribution Channel
9.2.5.4 United Kingdom Seafood Snacks Market
9.2.5.4.1 United Kingdom Seafood Snacks Market by Source
9.2.5.4.2 United Kingdom Seafood Snacks Market by Distribution Channel
9.2.5.5 Russia Seafood Snacks Market
9.2.5.5.1 Russia Seafood Snacks Market by Source
9.2.5.5.2 Russia Seafood Snacks Market by Distribution Channel
9.2.5.6 Rest of Europe Seafood Snacks Market
9.2.5.6.1 Rest of Europe Seafood Snacks Market by Source
9.2.5.6.2 Rest of Europe Seafood Snacks Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Seafood Snacks Market Overview
9.3.2 Asia-Pacific Seafood Snacks Market Forecasts and Analysis
9.3.3 Asia-Pacific Seafood Snacks Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific Seafood Snacks Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Seafood Snacks Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Seafood Snacks Market
9.3.5.1.1 Australia Seafood Snacks Market by Source
9.3.5.1.2 Australia Seafood Snacks Market by Distribution Channel
9.3.5.2 China Seafood Snacks Market
9.3.5.2.1 China Seafood Snacks Market by Source
9.3.5.2.2 China Seafood Snacks Market by Distribution Channel
9.3.5.3 India Seafood Snacks Market
9.3.5.3.1 India Seafood Snacks Market by Source
9.3.5.3.2 India Seafood Snacks Market by Distribution Channel
9.3.5.4 Japan Seafood Snacks Market
9.3.5.4.1 Japan Seafood Snacks Market by Source
9.3.5.4.2 Japan Seafood Snacks Market by Distribution Channel
9.3.5.5 South Korea Seafood Snacks Market
9.3.5.5.1 South Korea Seafood Snacks Market by Source
9.3.5.5.2 South Korea Seafood Snacks Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Seafood Snacks Market
9.3.5.6.1 Rest of Asia-Pacific Seafood Snacks Market by Source
9.3.5.6.2 Rest of Asia-Pacific Seafood Snacks Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Seafood Snacks Market Overview
9.4.2 Middle East and Africa Seafood Snacks Market Forecasts and Analysis
9.4.3 Middle East and Africa Seafood Snacks Market Forecasts and Analysis - By Source
9.4.4 Middle East and Africa Seafood Snacks Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Seafood Snacks Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Seafood Snacks Market
9.4.5.1.1 South Africa Seafood Snacks Market by Source
9.4.5.1.2 South Africa Seafood Snacks Market by Distribution Channel
9.4.5.2 Saudi Arabia Seafood Snacks Market
9.4.5.2.1 Saudi Arabia Seafood Snacks Market by Source
9.4.5.2.2 Saudi Arabia Seafood Snacks Market by Distribution Channel
9.4.5.3 U.A.E Seafood Snacks Market
9.4.5.3.1 U.A.E Seafood Snacks Market by Source
9.4.5.3.2 U.A.E Seafood Snacks Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Seafood Snacks Market
9.4.5.4.1 Rest of Middle East and Africa Seafood Snacks Market by Source
9.4.5.4.2 Rest of Middle East and Africa Seafood Snacks Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Seafood Snacks Market Overview
9.5.2 South and Central America Seafood Snacks Market Forecasts and Analysis
9.5.3 South and Central America Seafood Snacks Market Forecasts and Analysis - By Source
9.5.4 South and Central America Seafood Snacks Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Seafood Snacks Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Seafood Snacks Market
9.5.5.1.1 Brazil Seafood Snacks Market by Source
9.5.5.1.2 Brazil Seafood Snacks Market by Distribution Channel
9.5.5.2 Argentina Seafood Snacks Market
9.5.5.2.1 Argentina Seafood Snacks Market by Source
9.5.5.2.2 Argentina Seafood Snacks Market by Distribution Channel
9.5.5.3 Rest of South and Central America Seafood Snacks Market
9.5.5.3.1 Rest of South and Central America Seafood Snacks Market by Source
9.5.5.3.2 Rest of South and Central America Seafood Snacks Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SEAFOOD SNACKS MARKET, KEY COMPANY PROFILES
11.1. CALBEE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GADRE MARINE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GRUPO NUEVA PESCANOVA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ITC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PACIFIC SEAFOOD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ROYAL GREENLAND A/S
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SEA SNACK FOOD, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SEAFOOD-DELIGHT
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THAI UNION GROUP PCL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TRIDENT SEAFOODS CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Calbee
2.Gadre Marine
3.GRUPO NUEVA PESCANOVA
4.ITC
5.Pacific Seafood
6.Royal Greenland A/S
7.Sea Snack Food, Inc.
8.SEAFOOD-DELIGHT
9.THAI UNION GROUP PCL
10.Trident Seafoods Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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