Seafood Market by Type (Fish, Crustaceans, Mollusca, Others), and By Application (Retail, Institutions and Food Service): Global Opportunity Analysis and Industry Forecast, 2021–2027

ID: VPR/F&B/248 Publishing Year: February 2021 Pages: 90 Format:   


The Seafood Market size was valued at $XX million in 2019, and is projected to reach $XX million by 2027, registering a CAGR of XX % from 2021 to 2027.Seafood is any form of sea life regarded as food by human, which includes fish and shellfish. Shellfish includes various species of Mollusca, Crustaceans and others. Shellfish is an important source of zinc which is beneficial for healthy skin and as well as for fertility. Seafood is source of (animal) protein in many diets across the globe, especially in coastal regions.

The demand for Seafood is increasing is restaurants across the globe . A large population is preferring Seafood over other contential dishes, and this is an important driver of market demand. Furthermore, coastal regions are taking efforts in order to improve the exporting of Seafood. Increasing awareness about health benefits of shellfish, the demand of Seafood has increased .The national fisheries institute claims that currently decline in fish population is due to natural fluctuations. Researcher says that population trends in various Seafood are pointing towards a Globe Collapse of Seafood. Such a collapse would occur due to pollution and overfishing, threatening oceanic ecosystems, according to some researchers. Thus, this will result in hampering of market. The key driving factors are innovations and variations in Seafood dishes and demand for proteinaceous fat-free food worldwide. Non-vegetarians consumers are slowly changing their lifestyle and significantly following pescetarianism. Pescetarianism means the vegetarian consumer who consumes Seafood and no other meat such as meat, beef or poultry products and others. Exclusive restaurants providing exotic seafood and changing taste of consumers are some other factors responsible for the growth of Seafood Market Globally.

The Global Seafood Market is segmented on the basis of type, application and region. By type it is segmented into fish, Crustaceans, Mollusca, Others. On the basis of application it is categorized into retail, institute and food service. Region wise it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

By Type Insight:

By type, fish segment was the most prominent category in 2019 and is expected to dominant during the forecast period. The growth can be attributed to growing population of fish as high protein meat alternative. Furthermore, increasing awareness about health benefits of fish and fish protein is giving rise to fish demand in the seafood market segment.

By Application Insight:

On the basis of application ,the retail segment was most prominent in 2019 and expected to dominant throughout 2021-2027.however, improving infrastructure and supply of channels ,along with increase in awareness about health benefits and affordability of seafood is expected to provide opportunity during forecast period .Moreover, home deliveries, rapidly increasing number of restaurants and growing trends of eating habits may boost the growth of market.

By Region Insight:

By region, Asia-pacific was the most prominent in the year 2019 ,however it is expected to grow at higher CAGR in the forecast period. The growth is attributed as rising number of restaurants.

Major Key Players in Sea Food Market:

The players in Sea Food Market have adopted many strategies to improve profits and stance in Seafood Market. The key players of sea food market are Pacific Seafood, Kangamiut Seafood A/S, American Seafoods Company, Phillips Foods, Inc., Trident Seafoods Corporation., Marine Harvest ASA, Thai Union Group PCL, Lee Fishing Company, and Leigh Fisheries.

Key Market Segments:

By Type

  • Fish
  • Crustaceans
  • Mollusca
  • Others

By Application

  • Retail
  • Institutions
  • Food Service

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa


Frequently Asked Questions
Pescetarianism is a form of dietary habit that has been very popular as of late.
The Key Players of Market includes Pacific Seafood, Kangamiut Seafood A/S, American Seafoods Company, Phillips Foods, Inc., Trident Seafoods Corporation., Marine Harvest ASA, Thai Union Group PCL, Lee Fishing Company, and Leigh Fisheries.
Based on the application, the retail Segment was the Leading Segment in the Seafood Market.
The growth of the seafood market can be attributed awareness of the health benefits of Seafood and change in lifestyle of consumers.
The Mollusca Segment is the Most Influencing Segment in the Seafood Market Report.
The forecast year of Sea Food Market Report is 2021-2027.

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