ASIA PACIFIC SEAFOOD MARKET RD
Asia Pacific Seafood Market to 2027 – COVID-19 Impact and Analysis – by Type (Fish, Crustaceans, Mollusca, and Others), Product Type (Fresh, Frozen, Canned, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Specialty Store, Online, and Others), and Country
Pages: 138
Market Introduction
As per the Food and Drug Administration (FDA), seafood encompasses all commercially obtained saltwater and freshwater fish, molluscan shellfish, and crustaceans. The demand for seafood is anticipated to witness a dramatic growth owing to its health benefits. According to the Food and Agriculture Organization (FAO) it is predicted that by 2030, an excess value of 40 million additional tons of seafood, which is an increment of almost 30% will be required to meet the rising demand. Rising per capita consumption accompanied by the affluent nations demand for imported seafood products is considered to strengthen the market further. The demand for seafood products across specialty restaurants is growing at a robust pace in recent times. A large population of consumers prefers to eat seafood over other cuisines, and this is major factor that propels the market expansion. Moreover, coastal regions are implementing concerted efforts to develop advanced supply chains for the export and supply of seafood. Also, the growth of the seafood market highly depends on the ease of procuring seafood from coastal regions. Furthermore, the improvement in economic condition and progression in disposable income levels also helped the market growth. The developing economies are witnessing strong urbanization trend and it resulted in the increase in disposable income among the middle-income groups, subsequently adding to the middle-class population. The medium as well as high-income consumers in urban areas are changing their consumption trend from essential to premium food products. This trend favors seafood companies and suppliers to improve their product and service line in the seafood segment.
Market Overview and Dynamics
The Asia Pacific Seafood market is expected to reach US$ 85,832.66 Million in 2027 from US$ 107,381.62 Million in 2019. The market is anticipated to grow with a CAGR of 2.9% from 2020-2027. Health benefits associated with seafood attracts health conscious consumers and this aids in the growth of the market.
Key Market Segments
By type, the fish segment accounted for the largest market share in the Asia Pacific seafood market in 2019. In terms of product type, the fresh segment held the largest market share of the seafood market in 2019. In terms of distribution channel, the supermarket and hypermarket segment held the largest market share of the seafood market in 2019.
Major Sources and Companies Listed
Some of the major primary and secondary sources for seafood market included in the report are, American Seafoods Company LLC, Lee Fishing Company, Pacific American Fish Co. Inc., Royal Greenland A/S, Mowi ASA, The Union Group PCL, Grupo Nueva Pescanova, Trident Seafoods Corporation.
Reasons to buy the report
ASIA PACIFIC SEAFOOD MARKET SEGMENTATION
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 107,381.62 Million |
| Market Size by 2027 | US$ 85,832.66 Million |
| CAGR (2020 - 2027) | 2.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
APAC Seafood Market–List of 8 Companies
The Asia Pacific Seafood Market is valued at US$ 107,381.62 Million in 2019, it is projected to reach US$ 85,832.66 Million by 2027.
As per our report Asia Pacific Seafood Market, the market size is valued at US$ 107,381.62 Million in 2019, projecting it to reach US$ 85,832.66 Million by 2027. This translates to a CAGR of approximately 2.9% during the forecast period.
The Asia Pacific Seafood Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Seafood Market report:
The Asia Pacific Seafood Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Seafood Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Seafood Market value chain can benefit from the information contained in a comprehensive market report.
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