Digital technology is also assisting in the modernization of fishing and aquaculture operations, as well as increasing earnings and raising awareness of sustainable Fish & seafood best practises. For example, in India, we’re cooperating with Aqua Connect to deliver digital solutions that assist shrimp farmers in identifying quality items and making farm-input purchases. Farmers also receive announcements
The global Seafood market is expected to reach market valuation of US$ 110.2 Bn by the year 2022, accelerating with a CAGR of 3.6% by 2022-2032. Seafood sales grew at a CAGR of 3.3% between 2017 and 2022 and will grow at a CAGR of 3.6% between 2022 and 2032. As per FMI, the U.S. Seafood market totaled USD 28.5 Bn in 2022 which is approximately 25.9% of the global Seafood market.
Digital technology offered new outlets for many fisherfolk and aquaculture suppliers when COVID-19 upended the import/export sector. Those that were quick enough to convert their products to a digital marketplace could sell and deliver straight to customers.
Fish Tiangge, a USAID Fish Right initiative in the Philippines, launched an online platform using Facebook in May 2020 to connect fishermen with local consumers. This single programme linked 6,000 fishermen with almost 300,000 households, boosting local food security and maintaining the livelihoods of thousands of fishermen.
and documents about growth and disease advisories, as well as advice and information on inexpensive financing and resources to connect to other Indian markets.
In the coming years, digital technology will continue to be a major source of industry evolution and innovation, particularly when it comes to sustainable seafood trends.
“While COVID-19 presented challenges to many small-scale fisherfolk and aquaculture providers, it also revealed areas where the seafood industry may improve its supply chains to become more robust and sustainable.” said a lead analyst at FMI.
Who is winning?
Some of the leading companies offering Fish & Seafood are Amalgam Frozen Foods Pvt. Ltd. (AFFL), American Seafoods Company, Austevoll Seafood ASA, Cooke, Inc., Dongwon F&B, Faroe Seafood, Handy Seafood, Inc., Hansung Enterprise Co. Ltd, High Liner Foods Incorporated, Kangamiut Seafood A/S, Lee Fishing Company, Leroy Seafood Group, Lyons Seafoods Limited, Mowi ASA, Pacific Seafood, Phillips Foods, Inc., Princes, Ltd., Sajo Group, Shanghai Fisheries Group Co., Ltd., Stolt Sea Farm, Surapon Foods Public Company Limited, Tassal Group Limited, Thai Union Group PCL, Tri Marine International, Inc., Trident Seafoods Corporation, Young`s Seafood Limited, Zhanjiang Guolian Aquatic Products Co., Ltd., and Others.
Get Valuable Insights into Fish & Seafood market
Future Market Insights, in its new offering, provides an unbiased analysis of the Seafood market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.
Fish & Seafood Market By Category
By Nature, Seafood Market is Segmented as:
- Organic
- Conventional
By Source, Seafood Market is Segmented as:
- Farm Raised
- Wild Caught
By Product Type, Seafood Market is Segmented as:
- Ground Fish
- Pelagics
- Tuna
- Salmonids
- Molluscs
- Crustaceans
- Lobsters
- Crabs
- Shrimp
- Other Product Types (Prawns, Trouts, etc)
By Form, Seafood Market is Segmented as:
- Fresh
- Chilled
- Frozen
- Ambient
By End Use, Seafood Market is Segmented as:
- Food
- Pharmaceutical
- Cosmetics
- Industrial
- Biotechnology
- Household Retail
By Sales Channel, Seafood Market is Segmented as:
- Direct
- Indirect
- Modern Trade
- Convenience Stores
- Specialty Food Stores
- Wholesale Stores
- Discount Stores
- Online Retail
- Other Retail Formats
By Region, Fish & Seafood Market is Segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle east and Africa
Main Report Link: https://www.futuremarketinsights.com/reports/seafood-market
The Business Research Company’s latest report Seafood Global Market Report 2020 covers Seafood market drivers, Seafood market trends, Seafood market segments, Seafood market growth rate, Seafood market major players, and Seafood market size.
The report provides in-depth analysis of the impact of COVID-19 on the Seafood industry, along with revised market numbers due to the effects of the coronavirus.View Complete Report:https://www.thebusinessresearchcompany.com/report/seafood-global-market-report-2020-30-covid-19-impact-and-recoverySeafood Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request for the sample now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2048=smp The global seafood market is expected to grow from $237.9 billion in 2019 to $248.3 billion in 2020 at a compound annual growth rate (CAGR) of 4.4%.
The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $320 billion in 2023.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the seafood packaging market include Robert Mann Packaging Inc., Seafood Packaging Inc., Covertech Flexible Packaging Inc., International Packaging, Plastic Ingenuity Inc., Golden Eagle Extrusions, Inc., RM Converters Private Limited.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Seafood Packaging Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/seafood-packaging-market/download-sampleMarket DynamicsThe market is predominantly driven by growing disposable income in developing regions such as China, India, and Indonesia.
Growing exports of cheaper farmed fish from emerging markets like China, India, Indonesia, Taiwan are contributing a lot to the growth of the global seafood packaging market.
The difficulty is seafood should be preserved fresh and damage-free till reaching the consumer.
However, the increasing scope of regulations, growing demand for traceability, convenience, and transparency are also a restraint for the growth of the seafood packaging market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
