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Market Research Report

Global Processed Seafood Market Report: Global Industry Size, Share, Market Segmentation : By Target Audience, By Product Type, By Species Type, By Process Type & by Region with Forecast 2017-2030

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Global Processed Seafood Market Overview 2017-2030

Processed seafood has been growing since past many years, but with the technology advancement seafood processing is refined and has increase shelf life. The seafood obtained through wide fish farming sector raised by aquaculture or re-circulating tanks or obtained from fresh water lakes, rivers and ocean waters. The per capita consumption of the processed seafood stood at 21.7 kg in 2017 contributed by major countries such as China, U.S.A., and more. Aquaculture is growing at a rate of 8.6% annually and has positive impact on the processed seafood market from the supply of shrimp, fishes, shellfish, etc. Instead of seafood consumption limited to regions having fish cultivation, the developed transportation services has extended the supply of processed seafood to far away countries in the developed nations. There are 385 major fish processing sites in Europe and it has decreased by 32.1% over the past decade, on account of the environmental concerns on the fish culture.

Goldstein Market Intelligence analyst forecast that the global processed seafood market size is growing at a CAGR of 4.9% over the forecast period (2017-2030). The volume of seafood available for processing, the rising demand for processed seafood, growing aquaculture, health benefit awareness, and others are some of the factors that may contribute towards the growth of global processed seafood market.

Global Processed Seafood Market Segmentation

By Product Type

  • Frozen seafood
  • Smoked seafood
  • Canned seafood
  • Dried seafood
  • Surimi seafood
  • Others (seasonings, additives, etc.)

By Species Type

  • Crustaceans
  • Fish
  • Molluscs
  • Others (seaweed, etc.)

By Target Audience

  • Seafood Processing Companies
  • Suppliers and Distributors
  • Food Processing companies
  • Fisheries Companies
  • Food Industry Players
  • Investors

By Process Type

  • Primary Processor (limited alterations)
  • Secondary Processor (materials added to original raw material)
  • Mixed Processor (combination of primary and secondary processor)

Based on Geography

  • North America (U.S. & Canada)  Processed Seafood Market {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  Processed Seafood Market {Market Share (%), Market Size (USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE)  Processed Seafood Market {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  Processed Seafood Market {Market Share (%), Market Size (USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  Processed Seafood Market {Market Share (%), Market Size (USD Billion)}

On the basis of product type, canned seafood segment contributed the largest market share of 16.7% in 2017 on account of its ready-to-eat feature, which makes it convenient and adds nutrition to the diet that is usually absent during busy lifestyle. Global frozen seafood market size is growing at a rate of 4.2% annually, as it provides greater shelf life to the seafood and requires little preparation before consumption.

Processed Seafood Industry - Trends, Drivers and Challenges

There is a rising trend of innovating new methods of fishing and its processing, in order to meet the large demand of protein rich seafood all over the world. The seafood consumption is expected to increase by 19.2% by 2030. The event Fish 2.0 has helped the fishing industry to rebuild the capacity and grow sustainable seafood sector.

The major driving factor for the growth of processed seafood market is the inclination of the people towards protein rich and ready-to-eat food in their diet. Processed seafood accounts for vitamin B12, phosphorus, magnesium, potassium and others, which also medically recommended owing to its benefits such as keeps low cholesterol level, fights cancer and tumor among others.

Further, the major challenge for processed seafood is the requirement to meet international standards, as the seafood processing plants are considered as threat to environment through their use and disposal of large volume of waste water. Companies have to ensure their treatment method compliance with regulations, to continue their positive contribution in environment sustainability and continuing long term trade balances.

Global Processed Seafood Market Analysis

Based on geography, Asia-Pacific contributed the largest market share of 57.9% in global processed seafood market owing to highest production of seafood for processing industry. Major producer of processed seafood is China, which alone accounts for 48.3% of the total APAC processed seafood market. North America processed seafood industry is growing at a rate of 5.7% annually; with U.S.A. being the major importer of the processed food. Urbanization and changing lifestyle of the population in the United States is one of the key aspects swelling the demand for processed food.

Covered in This Global Processed Seafood Market Report

The report covers the present ground scenario and the future growth prospects of the processed seafood market for 2017-2030 along with the global consumption and global revenue of the processed seafood. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. We have forecast the market on the basis of number of seafood processing companies, data of seafood supply, import and export data of processed seafood products.

Processed seafood market outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the processed seafood market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global processed seafood market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Key Market Players

Global processed seafood market report comprises of the following companies as the key players in the processed seafood market:

  • Marine Harvest
  • Thai Union Group
  • Dongwon Industries
  • Kyokuyo Co. Ltd.
  • Marine Harvest a.s.a.
  • Cermaq
  • Toyo Suisan Kaisha
  • Nippon Suisan Kaisha Ltd
  • Maruha Nichiro Corporation
  • Clearwater Seafoods
  •  AquaChile
  •  Iglo Group
  •  Lyons Sea Processed Seafoods.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Processed Seafood Market Report

  • What is the total market size by 2030 and what would be the expected growth rate?
  • What is the revenue of global processed seafood market in 2016-17 and what would be the expected demand over the forecasted period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who all are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Processed Seafood Market Report: Global Industry Size, Share, Market Segmentation : By Target Audience, By Product Type, By Species Type, By Process Type & by Region with Forecast 2017-2030

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