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Global Fish and Seafood Market 2016-2020

Global Fish and Seafood Market 2016-2020

An overview of the fish and seafood market

In the last five years, the demand for fish and seafood has been witnessing a steady growth. Technavio's market research analyst expects the global fish and seafood market to multiply, growing at a CAGR of more than 4% during the forecast period. One of the major factors leading to the rise of the fish and seafood market is the increasing demand for processed seafood. Time-strapped consumers prefer processed seafood, which is not only healthy but also convenient and saves a lot of time and effort as they are already available in ready-to-cook packaging.

Aquaculture, which is the fastest-growing food production process globally, is an emerging trend that is expected to drive the fish and seafood market in the next five years. In terms of volume production, aquaculture method has overshadowed most other food-sourcing methods such as traditional agricultural practices and wild fish harvesting.

Segmentation and analysis by product of the fish and seafood market

Fresh and chilled fish and seafood
Canned fish and seafood
Frozen fish and seafood
Other fish and seafood
The fresh and chilled fish and seafood segment dominated the market in 2015 in terms of revenue. Growing health consciousness among people, increased demand for quality food, and changing demographics are the main factors fueling the growth of this segment.

Geographical segmentation of the fish and seafood market

Americas
APAC
Europe
MEA
APAC accounted for more than 40% of the market share in 2015 in terms of revenue and with that they were the largest contributor. The primary factors contributing to the growth of the market in this region is the rise in population plus a large number of people who consume fish. Countries like China, India, Japan, Thailand, Australia, Bangladesh, Singapore, and Malaysia are the key contributors here.

Competitive landscape and key vendors

With the existence of intense competition in the global fish and seafood market, vendors are reducing their product prices, which can have a negative impact on their profit margin and market growth. Thus, larger players in the market are increasing focus on acquiring smaller entities to enhance their footprint in the market. Also, the inflow of private labels in the market is on the rise, thus lifting the bar of the competition even higher.

The leading vendors in the market are -

High Liner Foods
Iglo Group
Leroy Seafood Group
Marine Harvest
Thai Union Frozen Products
Other prominent vendors in the market include Beijing Princess Seafood International Trading, Dong Won Fisheries, Empresas AquaChile, Faroe Seafood, Findus Group, Hansung Enterprise, Kverva, Labeyrie Fine Foods, Marine Harvest, Mogster Group, Princes Group, Sajo Industries, Stolt Sea Farm, Surapon Foods, and Tassal Group.

Key questions answered in the report include

What will the market size and the growth rate be in 2020?
What are the key factors driving the global fish and seafood market?
What are the key market trends impacting the growth of the global fish and seafood market?
What are the challenges to market growth?
Who are the key vendors in the global fish and seafood market?
What are the market opportunities and threats faced by the vendors in the global fish and seafood market?
Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
What are the key outcomes of the five forces analysis of the global fish and seafood market?
Technavio also offers customization on reports based on specific client requirement.

Related reports:

Aquaculture Market in China- Report Analysis and Forecast 2015-2019
Global Aquaculture Market 2015-2019
Global Frozen Food Market 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global Fish and Seafood Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Fish and Seafood Market: High Liner Foods, Iglo Group, Leroy Seafood Group, Marine Harvest and Thai Union Frozen Products

Other Prominent Vendors in the market are: Beijing Princess Seafood International Trading, Dong Won Fisheries, Empresas AquaChile, Faroe Seafood, Findus Group, Hansung Enterprise, Kverva, Labeyrie Fine Foods, Marine Harvest, Mogster Group, Princes Group, Sajo Industries, Stolt Sea Farm, Surapon Foods, and Tassal Group.

Commenting on the report, an analyst from Technavio’s team said: “A vegan diet is a part of the larger vegan lifestyle. It strongly favors animal rights and a concern for the environment. Consumers embracing a vegan lifestyle make a conscious effort to stay away from products of animal origin, be it food, clothing, or accessories. They opt for healthy substitutes for meat, dairy, and other conventional sources of protein and perceive a vegan diet to be healthier than a meat-based one.”

According to the report, there is immense potential for growth in APAC because of the high demand for fish and seafood from emerging economies like China and India, and a growing health-conscious population in the region. The rise in disposable incomes among the populace in APAC will exert a positive influence on demand in the global market.

Further, the report states that overfishing has adversely affected aquatic ecosystems, and illegal and unregulated overfishing by pirate fisheries has significant negative impact on revenue in the market.

Companies Mentioned

High Liner Foods, Iglo Group, Leroy Seafood Group, Marine Harvest, Thai Union Frozen Products, Beijing Princess Seafood International Trading, Dong Won Fisheries, Empresas AquaChile, Faroe Seafood, Findus Group, Hansung Enterprise, Kverva, Labeyrie Fine Foods, Marine Harvest, Mogster Group, Princes Group, Sajo Industries, Stolt Sea Farm, Surapon Foods, and Tassal Group.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research Methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Market overview
      • Table Overview of global fish and seafood market 2015
      • Table Global fish and seafood market 2015-2020 ($ billions)
      • Table Global population 2011-2015 (billions)
      • Table Global fish and seafood market by volume 2015-2020 (billions of pounds)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global fish and seafood market by product by revenue 2016-2020
    • Table Global fish and seafood market by product segmentation by revenue 2015
    • Global fresh and chilled fish and seafood market
      • Table Global fresh and chilled fish and seafood market 2015-2020 ($ billions)
    • Global canned fish and seafood market
      • Table Global canned fish and seafood market 2015-2020 ($ billions)
    • Global frozen fish and seafood market
      • Table Global frozen fish and seafood market 2015-2020 ($ billions)
    • Global other fish and seafood market
      • Table Global other fish and seafood market 2015-2020 ($ billions)
  • Geographical segmentation
    • Table Geographical segmentation of global fish and seafood market by revenue 2016-2020
    • Table Geographical segmentation of global fish and seafood market by revenue 2015
    • Fish and seafood market in APAC
      • Table Fish and seafood market in APAC 2015-2020 ($ billions)
      • Table China's middle class as percentage of total population
    • Fish and seafood market in Europe
      • Table Fish and seafood market in Europe 2015-2020 ($ billions)
      • Table Disposable income in EU 2010-2013 ($)
      • Table Per capita consumption of fresh and frozen fish in Spain 2010-2014 (pounds/year)
    • Fish and seafood market in Americas
      • Table Fish and seafood market in Americas 2015-2020 ($ billions)
      • Table Dual income families in Canada 2014
    • Fish and seafood market in MEA
      • Table Fish and seafood market in MEA 2015-2020 ($ billions)
  • Key leading countries
    • Table Key leading countries
    • Table Snapshot of fish and seafood market by country 2015-2020 ($ billions)
    • China
      • Table Fish and seafood market in China 2015-2020 ($ billions)
    • US
      • Table Fish and seafood market in US 2015-2020 ($ billions)
    • Japan
      • Table Fish and seafood market in Japan 2015-2020 ($ billions)
    • Spain
      • Table Fish and seafood market in Spain 2015-2020 ($ billions)
    • South Korea
      • Table Fish and seafood market in South Korea 2015-2020 ($ billions)
  • Market drivers
    • Increase in global population
      • Table Global human population 2014-2019 (billions)
    • Demand for processed seafood
    • Increased seafood consumption
    • Rise in trade of seafood
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Illegal overfishing
    • Risks associated with suppliers
    • Adverse climatic conditions
    • Lack of cold storage facilities
    • Stringent government regulations and guidelines
    • Decreased profit margins
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increased prevalence of aquaculture
    • Introduction of new species
    • Growth prospects in e-commerce
    • Rise in veganism
  • Vendor landscape
    • Competitive scenario
    • Market share analysis 2015
      • Table Market share analysis 2015
    • Other prominent vendors
    • High Liner Foods
      • Table High Liner Foods: Geographical segmentation by revenue 2014
    • Iglo group
      • Table Iglo group: Product segmentation 2014
      • Table Iglo Group: Geographical segmentation by revenue 2014
    • Lerøy
    • Marine Harvest
      • Table Marine Harvest: Product segmentation
    • Thai Union Frozen Products
      • Table Thai Union frozen products: Business segmentation
      • Table Company Name: Geographical segmentation by revenue 2014
  • Explore Technavio

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