Dublin, Sept. 09, 2020 (GLOBE NEWSWIRE) -- The "Seafood Market by Type, and By Application: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The seafood market size was valued at $159,311.9 million in 2019, and is projected to reach $193,913.6 million by 2027, registering a CAGR of 2.5% from 2020 to 2027. Seafood is a form of meal, which includes various sea creatures. It is often considered to be healthy, as it serves as a key source of essential fatty acids and macro & micro nutrients. The seafood market is expected to reach the market size of $193,913.6 million in 2027, due to growth in per capita disposable income.
The growth of the global seafood market is majorly driven by increase in awareness about the health benefits associated with seafood. For instance, seafood is a rich source of proteins, vitamins, and minerals. Moreover, seafood contains omega-3 fatty acid, which helps in reducing risk of cardiovascular diseases. In addition, A surge in population and extensive availability of different species of fishes are expected to boost the growth of the seafood during the forecast period.
However, depletion of wild stock of fishes in seas acts as the major restraint for the market. On the contrary, rise in the collaboration between manufacturers and food service providers is expected to provide lucrative opportunities for growth for the global market.
The global seafood market is segmented into type, application, and region. Depending on type, the market is divided into fish, crustaceans, Molluscs, and others (roe, marine mammals, and medusozoa). On the basis of application, it is classified into retail, institutions, and food service. Region wise, 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. The key players in the seafood industry profiled in the report include 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, and Leigh Fisheries.
Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the footwear market analysis from 2019 to 2027 to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped on the basis of market share.
- The market forecast is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global industry trends, key players, market segments, application areas, and market growth strategies.
Key Findings
- By type, the fish segment dominated the global seafood market in 2019, and is expected to retain its dominance throughout the forecast period.
- By application, the retail application segment accounted for highest share in the face mask market growth in 2019, and is projected to grow at a CAGR of 2.3% from 2020 to 2027.
- By region, Asia-Pacific accounted for highest seafood market share in 2019, and is expected to grow at a CAGR of 2.7%.
Key Topics Covered:
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Forces Shaping the Seafood Industry
3.2.1. High Bargaining Power of Suppliers
3.2.2. High Threat of New Entrants
3.2.3. Moderate Threat of Substitutes
3.2.4. High Intensity of Rivalry
3.2.5. Moderate Bargaining Power of Buyers
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Change in Lifestyle & Consumer Preference
3.3.1.2. Rise in Disposable Income
3.3.1.3. Increase in Awareness About the Health Benefits Associated With Seafood
3.3.1.4. Extensive Availability of Different Species of Fish
3.3.2. Restraint
3.3.2.1. Depletion of Wild Fish Stock
3.3.3. Opportunity
3.3.3.1. Rise in Collaborations Between Manufacturers and Food service Providers
Chapter 4: Seafood Market, by Type
4.1. Overview
4.2. Fish
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis by Country
4.3. Crustaceans
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis by Country
4.4. Molluscs
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis by Country
4.5. Others
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis by Country
Chapter 5: Seafood Market, by Application
5.1. Overview
5.2. Retail
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis by Country
5.3. Institutions
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis by Country
5.4. Food Service
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis by Country
Chapter 6: Seafood Market, by Region
6.1. Overview
6.2. North America
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Type
6.2.3. Market Size and Forecast, by Application
6.2.4. Market Analysis by Country
6.2.5. U. S.
6.2.5.1. Market Size and Forecast, by Type
6.2.5.2. Market Size and Forecast, by Application
6.2.6. Canada
6.2.6.1. Market Size and Forecast, by Type
6.2.6.2. Market Size and Forecast, by Application
6.2.7. Mexico
6.2.7.1. Market Size and Forecast, by Type
6.2.7.2. Market Size and Forecast, by Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Type
6.3.3. Market Size and Forecast, by Application
6.3.4. Market Analysis by Country
6.3.5. Germany
6.3.5.1. Market Size and Forecast, by Type
6.3.5.2. Market Size and Forecast, by Application
6.3.6. UK
6.3.6.1. Market Size and Forecast, by Type
6.3.6.2. Market Size and Forecast, by Application
6.3.7. France
6.3.7.1. Market Size and Forecast, by Type
6.3.7.2. Market Size and Forecast, by Application
6.3.8. Italy
6.3.8.1. Market Size and Forecast, by Type
6.3.8.2. Market Size and Forecast, by Application
6.3.9. Spain
6.3.9.1. Market Size and Forecast, by Type
6.3.9.2. Market Size and Forecast, by Application
6.3.10. Rest of Europe
6.3.10.1. Market Size and Forecast, by Type
6.3.10.2. Market Size and Forecast, by Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Type
6.4.3. Market Size and Forecast, by Application
6.4.4. Market Analysis by Country
6.4.5. China
6.4.5.1. Market Size and Forecast, by Type
6.4.5.2. Market Size and Forecast, by Application
6.4.6. India
6.4.6.1. Market Size and Forecast, by Type
6.4.6.2. Market Size and Forecast, by Application
6.4.7. Japan
6.4.7.1. Market Size and Forecast, by Type
6.4.7.2. Market Size and Forecast, by Application
6.4.8. South Korea
6.4.8.1. Market Size and Forecast, by Type
6.4.8.2. Market Size and Forecast, by Application
6.4.9. Australia
6.4.9.1. Market Size and Forecast, by Type
6.4.9.2. Market Size and Forecast, by Application
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market Size and Forecast, by Type
6.4.10.2. Market Size and Forecast, by Application
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Type
6.5.3. Market Size and Forecast, by Application
6.5.4. Market Analysis by Country
6.5.5. Latin America
6.5.5.1. Market Size and Forecast, by Type
6.5.5.2. Market Size and Forecast, by Application
6.5.6. Middle East
6.5.6.1. Market Size and Forecast, by Type
6.5.6.2. Market Size and Forecast, by Application
6.5.7. Africa
6.5.7.1. Market Size and Forecast, by Type
6.5.7.2. Market Size and Forecast, by Application
Chapter 7: Competition Landscape
7.1. Product Mapping
7.2. Competitive Dashboard
7.3. Competitive Heat Map
Chapter 8: Company Profiles
8.1. American Seafoods Group LLC
8.1.1. Company Overview
8.1.2. Key Executive
8.1.3. Company Snapshot
8.1.4. Product Portfolio
8.2. Freiremar, Sa
8.2.1. Company Overview
8.2.2. Company Snapshot
8.3. Kangamiut Seafood A/S
8.3.1. Company Overview
8.3.2. Key Executive
8.3.3. Company Snapshot
8.3.4. Product Portfolio
8.4. Lee Fishing Company
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Product Portfolio
8.5. Lee Group (Leigh Fisheries)
8.5.1. Company Overview
8.5.2. Key Executive
8.5.3. Company Snapshot
8.5.4. Product Portfolio
8.6. Mowi Asa
8.6.1. Company Overview
8.6.2. Key Executive
8.6.3. Company Snapshot
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. R&D Expenditure
8.6.7. Business Performance
8.6.8. Key Strategic Moves and Developments
8.7. Pacific Sea Food Company, Inc.
8.7.1. Company Overview
8.7.2. Key Executive
8.7.3. Company Snapshot
8.7.4. Product Portfolio
8.8. Phillips Foods, Inc.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Product Portfolio
8.9. Thai Union Group plc
8.9.1. Company Overview
8.9.2. Key Executive
8.9.3. Company Snapshot
8.9.4. Product Portfolio
8.9.5. R&D Expenditure
8.9.6. Business Performance
8.9.7. Key Strategic Moves and Developments
8.10. Trident Seafoods Corporation
8.10.1. Company Overview
8.10.2. Key Executive
8.10.3. Company Snapshot
8.10.4. Product Portfolio
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