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Global Seafood Industry Trends & Market Statistics

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According to Goldstein Research, global seafood market is expected to reach USD 150 billion by 2024, growing at a CAGR of 4.3% over the forecast period 2016-2024. High nutritional values of seafood are increasing the demand for seafood across the globe which is thus propelling the global seafood industry growth. Global seafood market segmentation has been done on the basis of type of seafood, product type, distribution channel and geography. – PowerPoint PPT presentation

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Title: Global Seafood Industry Trends & Market Statistics


1
Global Seafood Market Outlook
Global Seafood Market Outlook 2024 Opportunity
Growth Analysis, 2016-2024
Report Code CR 1335
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sales_at_goldsteinresearch.com
Published By Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
2
Global Seafood Market Outlook
Global Seafood Market Share(), By
Region-2016-2024
Global Seafood Market Size USD (Billion).
2016-2024
Sample
Source Goldstein Research
Source Goldstein Research
In 2016, Fishes accounted for the highest market
share XX in Global Seafood Market
With XX share in 2016, Asia Pacific dominated
the Global Seafood Market
Global Seafood Market Share(), By Seafood
Type-2016
Global Seafood Market Share(), By Product Type-
2016
Source Goldstein Research
Source Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
3
Global Seafood Market Outlook
  • Global seafood consumption has grown on average
    by XX during the last three years. The changing
    dietary habits of consumers and their demand for
    value-added/differentiated seafood products have
    contributed to the evolution of seafood
    companies business models and their strategies
    for growth in the sector.
  • Food safety issues have increased the
    traceability requirements for all food
    ingredients, and industry players now
    increasingly need to show greater control over
    resources and create integration across large
    parts of the value chain. These factors, among
    others, have created substantial momentum in the
    mergers and acquisitions (MA) activity of
    companies active in the global seafood industry.
  • Recent seafood industry trends (MA)exemplify the
    growing emphasis on a strong, integrated value
    chain. Increasing investor interest has been
    witnessed across the whole seafood value chain in
    recent years, and companies involved in
    processing and distribution activities were
    regularly targeted by potential buyers.
  • As seafood is a highly perishable commodity,
    reliable access to processing facilities enables
    seafood producers to have control over the final
    product and address traceability, hygiene and
    quality concerns. This has increased the
    importance of processing companies and has made
    them attractive target companies. Further, the
    growing strength of large retailers is driving
    the need for consolidation among seafood
    distributors. These distributors are scaling up
    their businesses by acquiring processing as well
    as harvesting companies. Being vertically
    integrated improves their bargaining power with
    food retailers.
  • Fish feed has witnessed a rising interest from
    investors, with the number of deals growing by a
    total of XX during 20102012. Two of the largest
    deals announced in 2013 within the seafood
    industry involve companies that manufacture fish
    feed. Forming XXXX of aquaculture costs, fish
    feed has primarily thrived on the growing
    aquaculture segment.

Growing Demand for Protein
Sample
Government initiatives
Developing New Markets
MA Trends
Global Seafood Market Size (USD Billion)
North America
Europe
USD XX Billion
2016
USD XX Billion
2024
USD XX Billion
USD XX Billion
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
4
Global Seafood Market Size (USD Billion)-2016-2024
Sample
Source Goldstein Research
  • Global Seafood Market is anticipated to expand at
    a compound annual growth rate of XX during the
    forecast period i.e. 2016-2024. In 2010, only one
    in four middle-class households were in Asia.
    However, by 2020 it is predicted that Asia could
    hold over half of the worlds middle-class
    population, accounting for more than XX of
    global middle-class consumption. During the last
    three decades, world aquaculture production
    increased from XX million to XX million tonnes.
    By 2030, aquaculture is projected to supply over
    XX of fish destined for direct human
    consumption.
  • ? During the last three decades, world
    aquaculture production increased from X million
    to XX million tonnes. By 2030, aquaculture is
    projected to supply over XX of fish destined for
    direct human consumption. The IPCC estimate that
    the total loss of landings to global fisheries by
    2050 due to climate change range from USD XX
    billion to USD XX billion, based on a global
    warming scenario of 2 degrees.
  • Climate change is already changing the
    distribution of some wild marine species,
    creating new opportunities for some markets. For
    example, since 2001 there has been a dramatic
    increase in landings of boarfish in Ireland as
    the species has moved northwards due to rising
    sea temperatures.

5
  • Regional cooperation and current challenges
  • Regional cooperation has the potential to
    increase efficiency in terms of knowledge sharing
    and the capacity to adopt science-based
    management measures promote scientific research
    provide technical and financial support, as well
    as transfer knowledge and technology and avoid
    duplication of costs, and make efforts more
    cost-effective.
  • Cooperative partnerships, coordination and
    synergies should become a central tenet for all
    regional fishery management and environmental
    conservation mechanisms. Mindful of their
    respective mandates, this goal should also be
    pursued among RFBs, as well as with UN Agencies,
    intergovernmental organizations, multilateral
    environmental agreements, NGOs, large marine
    ecosystem programmes, and long-running field
    programmes (e.g. the Nansen Programme).
  • Unreported fishing could be recast as
    nonreporting of all information related to the
    fishing activity. This term would refer to, and
    be restricted to, activities that are not
    fishing sensu stricto but that are distinct yet
    associated to fishing and can occur during or
    after the act of fishing. It includes
    non-reporting, misreporting or under-reporting in
    contravention of laws and RFMO conservation and
    management measures (illegal) and reporting that
    is not required by law or an RFMO conservation
    and management (unregulated) but is advisable.

Sample
Total Number of Conventional Stores (Thousand),
2012 - 2017
  • Impact Analysis-
  • Especially today, it is crucial that grocery
    store managers understand exactly what their
    customers need - and then provide exactly what
    their customers need. Grocery stores in
    particular feel the burn of competition because
    there are so many stores that are similar that it
    is incredibly easy for a customer to walk in, not
    find what they want, and then walk right back out
    and into the doors of another similar store that
    has that one extra item that the other store did
    not.
  • Grocery stores typically have lower profit
    margins than other stores, so it is even more
    important that they are constantly on top of ways
    to run their operation cleanly and efficiently.
    Labor costs are one of the only costs that a
    retailer can control, and so a grocery store
    should be on that like white on rice.

Source Goldstein Research
Impact on Global Seafood Market
6
Global Seafood Market Share, By Sea Food Type,
2016-2024
  • The global seafood industry is still composed of
    a large number of small-scale players. The
    increasing price of fish is however making
    investment in the seafood industry more
    attractive.
  • The systems and technology used in aquaculture
    has developed rapidly over the last fifty years.
    The costs of new technologies such as
    recirculating aquaculture systems are falling,
    and there is growing interest in
    closed-containment aquaculture on land. However
    there is current uncertainty over its commercial
    viability.
  • The growing focus on securing a sustainable
    supply of food is catalysing investment in the
    marine biotechnology sector and there is
    increasing interest in the applications of marine
    biotechnology across medical, pharmaceutical,
    aquaculture, nutraceuticals and industrial
    sectors.

Sample
Source Goldstein Research
Global Seafood Market Y-O-Y Growth, By Sea Food
Type, , 2016-2024
Global Seafood Market Size (USD Billion), By Sea
Food Type-2016-2024
Source Goldstein Research
7
Global Seafood Market Share, By Fishes, 2016-2024
  • According to the latest forecasts, global
    production of fish and fishery products is
    expected to expand by XX percent in 2017, a
    slightly faster growth rate than last year.
  • This acceleration is primarily accounted for by a
    recovery in catches of anchoveta in South America
    following the end of El Niño, while world
    aquaculture production continues to rise at some
    45 percent a year. Despite higher production,
    however, the demand stimulus resulting from
    improving economic conditions globally has lifted
    prices for many important seafood commodities. In
    particular, income growth in developing country
    markets in Latin America and Asia continues to
    strengthen consumer appetite for seafood,
    boosting import volumes in addition to absorbing
    a higher proportion of domestic production.
  • The difference is largely accounted for by the
    end of El Niño and the associated recovery of
    catch volumes for certain fisheries, particularly
    the anchoveta fishery in South America.

Sample
Source Goldstein Research
Global Seafood Market Y-O-Y Growth, By Fishes
Type, 2016-2024
Seafood value chain activities and key segments
8
Global Seafood Market Attractiveness-By Seafood
Type, 2016-2024
CAGR ()
Market Size (USD Million)
Other Sea Food (Sea Turtles, Marine Mammals)
Molluscs
Source Goldstein Research
Sample
Fuel holds the largest revenue share in the
global Seafood Market. Meanwhile, new rivals are
shaking up the market for c-stores traditional
offerings like in-store merchandise and fuel.
American Seafoods Companys new brick-and-mortar
stores and Walmarts move to a smaller store
format in urban areas are cases in
point. Cigarettes remain an important category
for c-stores, constituting roughly XX of
in-store sales. But in the long term, the
category could shrink in size compared with other
tobacco products. In all foodservice segments,
players are jockeying to win on-the-go and
bargain-minded consumers. And the competition
will only stiffen. For one thing, segment rivals
are encroaching on c-stores playing field. For
example, some grocery chains and mass-merchant
competitors are expanding their convenience and
prepared-food offerings, and some are moving to a
small-box format
Global Seafood Market BPS Analysis- By Seafood
Type 2016-2024
Source Goldstein Research
9
North America Seafood Market Size (USD
Billion)-2016-2024
Sample
Source Goldstein Research
North America Seafood Market Size (USD Billion),
By Seafood Type-2016-2024
North America Seafood Market Size (USD
Billions), By Country-2016-2024
Source Goldstein Research
Source Goldstein Research
10
United States Seafood Market Size (USD Billion),
Compound Annual Growth Rate (), Y-O-Y Growth
Rate (), 2016-2024
Sample
Source Goldstein Research
Key Insights
The seafood industry is comprised of fishing,
seafood farming and processing sectors. Together
with agriculture, forestry and hunting, the
seafood industry makes a substantial contribution
to the national economy. The value of commercial
landings of fish and shellfish in the United
States reached XX billion U.S. dollars in 2016,
with the majority used for human food. The
commercial fishing industry has faced several
challenges during the past years overfishing (as
a global environmental problem resulting in
restrictive catching policies), lack of
transparency, and by catch management. In order
to try to resolve these issues, more and more
fishing nations attempt to implement
comprehensive traceability and sustainability
initiatives. A recent consumer survey conducted
in the U.S. revealed that some 26 percent of
respondents were completely satisfied with
seafood options in casual dining chains in 2016.
The same survey showed, that about 25 percent of
U.S. consumers decided before arriving at the
restaurant that they will have fish or seafood
for that meal.
On the retail level, vendors benefit greatly from
a well presented seafood department as about XX
percent of U.S. consumers stated that a
high-quality seafood section is very important to
them when choosing their primary grocery store.
Seafood is carried to consumers in a fresh,
frozen, or refrigerated form or as a shelf-stable
product. The refrigerated seafood category was
dominated by private label brands with sales
amounting to XX million U.S. dollars in 2016.
Fish or seafood often comes on the platter a
recent survey revealed that about XX percent of
U.S. consumers purchased fish or seafood once a
week in 2015.
11
North America Seafood Market Attractiveness-By
Country, 2016-2024
CAGR ()
Market Size (USD Billion)
Source Goldstein Research
Sample
According to the above graph, U.S. Seafood Market
is anticipated to be the most attractive market
across all the countries in Seafood Market, for
new entrants looking to enter in the market,
existing players looking for business expansion
and investors seeking investment opportunities
over the forecast period i.e. 2016-2024 Canada
was the world's eighth largest fish and seafood
exporter in 2016, with exports to more than XXX
countries. In 2016, Canada's fish and seafood
exports were valued at USD XX billion. The United
States is Canada's largest export market
(representing roughly XX of seafood trade)
followed by China (XX), the European Union
(XX), Japan (X) and Hong Kong (X).
North America Seafood Market BPS Analysis- By
Country, 2016-2024
Source Goldstein Research
12
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