Global Seafood Industry

Global Seafood Industry

  • October 2022 •
  • 719 pages •
  • Report ID: 4246028 •
  • Format: PDF
Abstract:

What’s New for 2022?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to our digital archives and MarketGlass Research Platform
Complimentary updates for one year

Global Seafood Market to Reach $138.7 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Seafood estimated at US$113.2 Billion in the year 2020, is projected to reach a revised size of US$138.7 Billion by 2027, growing at a CAGR of 2.9% over the analysis period 2020-2027. Ground Fish, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$37.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pelagics segment is readjusted to a revised 3.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 3.7% CAGR
The Seafood market in the U.S. is estimated at US$6.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$53.5 Billion by the year 2027 trailing a CAGR of 3.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$41.2 Billion by the year 2027.

Tuna Segment to Record 2.8% CAGR
In the global Tuna segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.9 Billion in the year 2020 will reach a projected size of US$9.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2.4% CAGR through the analysis period.

Select Competitors (Total 237 Featured)
Amalgam Frozen Foods Pvt. Ltd. (AFFL)American Seafoods CompanyAustevoll Seafood ASACooke, Inc.Dongwon F&BFaroe SeafoodHandy Seafood, Inc.Hansung Enterprise Co. LtdHigh Liner Foods IncorporatedKangamiut Seafood A/SLee Fishing CompanyLeroy Seafood GroupLyons Seafoods LimitedMowi ASAPacific SeafoodPhillips Foods, Inc.Princes, Ltd.Sajo GroupShanghai Fisheries Group Co., Ltd.Stolt Sea FarmSurapon Foods Public Company LimitedTassal Group LimitedThai Union Group PCLTri Marine International, Inc.Trident Seafoods Corporation Young`s Seafood LimitedZhanjiang Guolian Aquatic Products Co., Ltd.