U.S (New York)– The “Seafood Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global seafood market was valued at $120,848 million in 2016, and is expected to reach $155,316 million by 2023, registering a CAGR of 3.6% from 2017 to 2023. Seafood market is expected to witness significant growth due to growth in per capita disposable income. Seafood is an excellent source of essential fatty acids; hence plays a crucial role in healthy diet. The global seafood market is driven by increasing in awareness about the health benefits associated with seafood. Fresh seafood is rich in proteins, vitamins, and minerals, which are rich in health benefits. In addition, growth in population and extensive availability of different species of fish are expected to boost the demand for seafood during the forecast period.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The global seafood market is segmented based on type, retail variety, sales channel, and geography. Based on type, it is divided into cephalopods, crustaceans, molluscs, flat fish, ground fish, salmonids, tuna, pelagics, and others (marine fish and aquatic products). On the basis of retail variety, it is classified into ambient, frozen, and chilled. On the basis of sales channel, it is categorized into retail, foodservice, and institutional.
Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the global seafood market have strategically focused on product launch as their key strategy to gain significant share in the market.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current trends and emerging estimations in the global seafood market.
In-depth analysis of the industry is conducted through market estimations of key segments from 2017 to 2023.
Competitive intelligence of leading manufacturers & distributors of seafood helps in understanding the competitive scenario across geographies.
Comprehensive analysis of factors that drive and restrain the market growth is provided in the report.
Extensive analysis of the industry is conducted by following key product positioning and by monitoring the top competitors within the market framework.
The key players are profiled along with their strategies to determine the competitive outlook of the market.
The key players profiled in the report are
Pacific Seafood
Kangamiut Seafood A/S
American Seafoods Company
Phillips Foods, Inc.
Trident Seafoods Corporation.
Marine Harvest ASA
Thai Union Group PCL
Lee Fishing Company
Leigh Fisheries
*The other players in the value chain include
Grupo Freiremar
Morrisons
Seattle Fish Company
Tesco
True World Foods
Grieg Seafood
Metro Seafood
Midseas
Ocean Fresh Seafoods
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KEY MARKET SEGMENTS
By Type
Cephalopods
Crustaceans
Molluscs
Flat Fish
Ground Fish
Salmonids
Tuna
Pelagics
Others (Marine Fish and Aquatic Products)
By Retail Market Variety
Ambient
Frozen
Chilled
By Sales Channel
Retail
Foodservice
Institutional
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
KSA
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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