Asia Pacific Seafood Market Share by Size and Growth 2027

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

To understand the seafood market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for seafood market
Efficiently plan M&A and partnership deals in seafood market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form seafood market
Obtain market revenue forecast for market by various segments from 2018-2027 in seafood.

ASIA PACIFIC SEAFOOD MARKET SEGMENTATION

Asia Pacific Seafood Market – By Type

Fish
Crustaceans
Mollusca
Others

Asia Pacific Seafood Market – By Product Type

Fresh
Frozen
Canned
Others

Asia Pacific Seafood Market – By Distribution Channel

Supermarkets and Hypermarkets
Convenience Store
Specialty Store
Online
Others

Company Profiles

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

Asia Pacific Seafood Market Strategic Insights

Asia Pacific Seafood Market Report Highlights

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 Fish Crustaceans Mollusca By Product Type Fresh Frozen Canned By Distribution Channel Supermarkets and Hypermarkets Convenience Store Specialty Store Online
Regions and Countries Covered
Asia-Pacific	China, India, Japan, Australia, Rest of Asia-Pacific
Market leaders and key company profiles	APAC Seafood Market–List of 8 Companies 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

Asia Pacific Seafood Market Country and Regional Insights

10 Trust & Transparency

Research Methodology

The market analysis combines proprietary research with secondary data from government agencies, company disclosures, regulatory filings, industry databases and expert interviews. Market estimates are validated through data triangulation, cross-market benchmarking and analyst review.

View Full Research Methodology

12 Questions Answered

Frequently Asked Questions

How big is the Asia Pacific Seafood Market?

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.

What is the CAGR for Asia Pacific Seafood Market by (2020 - 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.

What segments are covered in this report?

The Asia Pacific Seafood Market report typically cover these key segments-

Type (Fish, Crustaceans, Mollusca)
Product Type (Fresh, Frozen, Canned)
Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Specialty Store, Online)

What is the historic period, base year, and forecast period taken for Asia Pacific Seafood Market?

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:

Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027

Who are the major players in Asia Pacific Seafood Market?

The Asia Pacific Seafood Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

APAC Seafood Market–List of 8 Companies
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

Who should buy this report?

The Asia Pacific Seafood Market report is valuable for diverse stakeholders, including:

Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

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.