Recently there is increase in the demand for cod liver oil, as it is a nutrient-dense source of essential vitamins including vitamin D and vitamin A, as well as anti-inflammatory omega-3 fatty acids. Fish oil supplements are in demand from women going through menopausal years to maintain a proper level of estrogen and progesterone hormone.
In the last few years, consumers have become aware of flash frozen seafood products, which are also nutrient rich, non-requirement of filleting and deboning. Frozen seafood products are easier to transport than the fresh seafood products. Now, in recent years there is high demand for convenience food, so ready-to-cook seafood products have created huge opportunities in the market. This factor will play a key role to grow the seafood market at CAGR of 3% between 2016 to 2022.
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Downstream market analysis
The popularity of seafood in consumers among different age groups is supporting the growth of the market. Fresh fish and shrimp are being appreciated by all age consumer groups, hence has created huge potential in the market. Ready-to-cook seafood will be a new opportunity in the seafood market.
The major key players are Austevoll Seafood ASA (Norway), Cooke Aquaculture, Inc. (Canada), Dongwon Group (South Korea), Trident Seafoods Corporation (US), Lyons Seafoods Limited (UK), Thai Union Group PCL (Thailand), Zhanjiang Guolian Aquatic Products Co., Ltd. (China), Princes Ltd. (UK), Tri Marine International Inc. (US) and Amalgam Enterprises (India) and others. Parle continues to dominate as the biscuit leader. This report contains in-depth insights about all major players in the market.
APAC accounted for higher market share in the seafood during the period 2011-2015. Major companies are targeting APAC as potential region for investments in the seafood market due to potential demand scenario.
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Global Seafood Market:
The key players profiled are Austevoll Seafood ASA (Norway), Cooke Aquaculture, Inc. (Canada), Dongwon Group (South Korea), Trident Seafoods Corporation (US), Lyons Seafoods Limited (UK), Thai Union Group PCL (Thailand), Zhanjiang Guolian Aquatic Products Co., Ltd. (China), Princes Ltd. (UK), Tri Marine International Inc. (US) and Amalgam Enterprises (India).
Market Research Analysis:
- The demand for fresh seafood is increasing in Europe
- Top 5 importers of frozen fish are China, Japan, Thailand, Korea and Spain
Meat Substitutes Market; https://www.marketresearchfuture.com/reports/meat-substitutes-market
Ready to Eat Meals Market; https://www.marketresearchfuture.com/reports/ready-to-eat-meals-market
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SOURCE Market Research Future