rising awareness about benefits of seafood consumption is driving the Fresh Fish and Seafood Market

Latest News:- Fresh Fish and Seafood Market: Fresh fish is expected to lead the Type segment during 2024-2028

Technavio analyzes that the Fresh Fish and Seafood Market is expected to grow at a CAGR of 3.95% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 65.06 billion.There are various factors that contribute to the growth of the market. The consumption of fresh fish and seafood is gaining increasing recognition for its numerous health benefits. Rich in essential nutrients such as omega-3 fatty acids, protein, and vitamins, seafood plays a crucial role in maintaining a balanced diet and promoting overall wellbeing. By incorporating a variety of fresh fish and seafood into your meals regularly, you can enhance your nutritional intake and contribute to a healthier lifestyle.

In the burgeoning global fresh fish and seafood market, the segment for fresh fish is poised for substantial growth in 2023. This expansion is attributed to the rising trend of fish consumption as a nutritious alternative to traditional meats. With increasing consumer awareness of the health benefits associated with fish, which includes omega-3 fatty acids and vitamins D and B2 (riboflavin), the American Heart Association recommends incorporating fish into one's diet at least twice a week. Moreover, the aquaculture industry's commitment to sustainable practices, such as minimizing overfishing, habitat destruction, and pollution, further bolsters consumer trust in the fresh fish market. Transparent product labeling and traceability are also crucial factors in ensuring the authenticity and quality of fish products. 

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Fresh Fish and Seafood Market Segmentation

• Type
  • Fresh fish
  • Crustaceans
  • Mollusks
• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• All Seas Wholesale Inc.
• Austevoll Seafood ASA
• Charoen Pokphand Foods PCL
• Clearwater Seafoods Inc.
• Cooke Aquaculture Inc.
• Grieg Seafood ASA
• Lee Fish
• Lee Fishing Co.
• Loch Duart Ltd.
• Marubeni Corp.
• Maruha Nichiro Corp.
• Meade Digital Enterprises Corp.
• Nissui Corp.
• Ocean Beauty Seafoods LLC
• Ocean Fresh Seafood
• Pescafresh
• Surapon Foods Public Co. Ltd.
• Trident Seafoods Corp.
• Tropic Star Seafood Inc.
• True World Foods LLC
• Wm Morrison Supermarkets Ltd.

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Research Analysis Overview

Fresh fish and seafood offer numerous health benefits, particularly for those with chronic diseases. Rich in hormones and proteins, they are a low-fat source of essential nutrients like Omega-3 fatty acids. Premium quality fish, such as Salmon and Tuna, are key components of protein-rich diets and healthy eating plans like pescetarianism. Seafood-based products have a high production capacity, making them convenient for home cooking. Advanced packaging technologies ensure premium quality and extend the shelf life, whether fresh or frozen. International trade allows access to a diverse range of fish, from live stocks to processed and plant-based alternatives like vegan meat. Both offline and online channels offer a wide selection, from Pelagic to premium products, catering to various dietary preferences and needs.

Market Research Overview

The global fresh fish and seafood market, as part of the larger packaged foods and meats market within the food products segment of the food, beverage, and tobacco industry, offers significant health benefits. Consumption of fresh fish and seafood is linked to reducing the risk of chronic diseases, including heart disease and diabetes, due to their hormone levels and protein-rich, low-fat composition. Omega-3 fatty acids, abundant in these foods, contribute to brain health and inflammation reduction. Premium quality fresh fish and seafood products are essential for maintaining a balanced diet, making this market a vital player in the global food industry. Technavio's market analysis calculates the market size based on the combined revenue generated by vendors involved in food processing to ensure food safety and extend shelf life. The market encompasses manufacturers and food processing vendors, excluding those producing food processing equipment, packaged alcoholic and non-alcoholic beverages, or mineral waters.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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