Latest News- Seafood Market: Fish is expected to lead the Type segment during 2025-2029

The Seafood Market is being driven by Rising consumer awareness about healthy nutrition

The Seafood Market is expected to grow at a CAGR of 19% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 390.9 billion. The proliferation of e-commerce businesses worldwide is driven by the growing number of Internet users and the convenience, ease of product discovery, and attractive pricing and personalized offers that online shopping provides. This trend presents significant opportunities for seafood suppliers to expand their sales, broaden their reach, and enhance customer relationships and profitability. By establishing an online presence, manufacturers and distributors can increase their product visibility across regions and explore new and emerging markets. For instance, US-based seafood producers can showcase their premium offerings to consumers in China's tier-2 and tier-3 cities through e-commerce platforms such as Yiguo.com, TMALL.COM, and Yummy77. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Fish
  • Crustacean
  • Mollusca
  • Others
• Distribution Channel
  • Offline
  • Online
• End-user
  • Foodservice
  • Household
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • South America
    • Brazil
    • Argentina
    • Chile
  • Europe
    • Germany
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising consumer awareness about healthy nutrition
• Rising popularity of seafood in aging population
• Increasing prominence of land-based fish farming

However, the market also witnesses some limitations, which are as follows:

• Depletion of sea species
• Stringent government regulations and guidelines
• Growing popularity of vegan seafood

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Market Scope in Seafood Market Research Report

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Research Analysis Overview

In the realm of Seafood Markets, advancements are being made in various areas to ensure sustainability and maintain high-quality products. These include enhancing aquaculture efficiency through metrics and harvesting techniques, optimizing processing yields with shelf-life extension methods and food safety protocols. Spoilage detection, quality testing, and data analysis are key components, along with habitat restoration, marine ecosystem health, and invasive species control. Oceanographic data, nutrient cycling models, and toxin detection methods aid in understanding climate change impacts and water quality parameters. Advanced processing techniques like antimicrobial packaging, modified atmosphere packaging, high-pressure processing, ultrasonic processing, and irradiation processing ensure product safety and longevity. Fish health monitoring and disease outbreak prediction are essential for maintaining a healthy and thriving population.

Market Research Overview

In the realm of the seafood industry, the application of advanced aquaculture technology and fish farming methods significantly contributes to the global market for packaged seafood. This sector encompasses vendors engaged in seafood processing, employing techniques to ensure food safety and shelf life extension. The market's size is determined by the consolidated revenue of these entities, excluding manufacturers of food processing equipment and packaged alcoholic or non-alcoholic beverages. Market expansion will be propelled by the health benefits associated with consuming sustainably sourced, minimally processed seafood, which retains essential nutrients such as potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/