Seafood Market to Grow at a CAGR Over 3% from 2016 to 2022

PUNE, India, Jan. 23, 2017 /PRNewswire/ -- Market Research Future published a Half Cooked Research Report on the Global Seafood Market, which has been estimated to grow over 3% post 2022.

Market Highlights
Seafood is a protein rich food. It is one of the broadly consumed foods worldwide. Shrimp, tuna and crab are the most popular seafood all over the world. Shrimp has become the highest growing seafood in recent years as it is easy to cook; consumers of all age groups enjoy it because of the premium flavor and texture.

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.

Market Forecast
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.

Competitive analysis
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. 

Regional Analysis
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

Related Reports
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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