Asia Pacific Seafood Market

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 Strategic Insights

Strategic insights for the Asia Pacific Seafood provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Seafood Report Scope

Asia Pacific Seafood Regional Insights

The geographic scope of the Asia Pacific Seafood refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.