Global Cultured Seafood Market, By Product Type (Fishes, Crustaceans, Molluscs and Others), Product Format (Fresh and Live, Frozen, Canned and Chilled), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Speciality Stores, Online Retail and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Shifting consumer lifestyle, rising demand for sea food and ever rising population are attributable to the growth of speciality cultured seafood market. Data Bridge Market Research analyses that the global cultured seafood market will project a CAGR of 4.60% for the forecast period of 2021-2028 and is expected to reach USD 0.28 billion by 2028.
Cultured seafood is categorized majorly into fishes, crustaceans, molluscs and others. There are many advantages of consuming seafood. Seafood is a high source of protein and improves the functioning of immune system. Moreover, the protein obtained from seafood is of lean and high quality and is easily digestible. Seafood is low in saturated fats and is rich in various essential vitamins and minerals. Consuming seafood can boost up the working of brain. Seafood is good for heart and is great for those individuals who experience regular joint pains.
Rising awareness about the benefits of consumption of seafood is promoting growth in the demand for cultured seafood especially in the western countries. Shifting consumer lifestyle, rising population and rise in personal disposable income are some other indirect cultured seafood market growth factors. Rising demand for protein based food items will create growth opportunities for the market. .
However, not everyone around the world is non-vegetarian or love consuming seafood, this in turn will restrict the growth for the cultured seafood market. Moreover, seafood can result in causing allergic reactions as it doesn’t suit everyone. This will again challenge the cultured seafood market growth.
This cultured seafood market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research cultured seafood market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cultured Seafood Market Scope and Market Size
The cultured seafood market is segmented on the basis of product type, product format and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the cultured seafood market is segmented into fishes, crustaceans, molluscs and others. Fishes are further segmented into salmon, tuna, pollock and others. Crustaceans segment is also further segmented into crabs, shrimps, prawns and others. Molluscs segment is further segmented into scallops, oysters and others.
- On the basis of product format, the cultured seafood market is segmented into fresh and live, frozen, canned and chilled.
- On the basis of distribution channel, the cultured seafood market is segmented into supermarkets and hypermarkets, convenience stores, speciality stores, online retail and others.
Cultured Seafood Market Country Level Analysis
The cultured seafood market is analysed and market size, volume information is provided by country, product type, product format and distribution channel as referenced above.
The countries covered in the cultured seafood market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia- Pacific dominates the cultured seafood market. The region will continue to excel its dominance during the forecast period. China is the major contributor from this region. Asia-Pacific will also project the highest growth rate during the forecast period. Rise in the setting up of restaurants that serve seafood will induce growth in the cultured seafood market value and in return will help this region to excel in the global market. Emergence of online ordering platforms that also deal in seafood cuisines are further fostering market growth in this region. Rising awareness about the benefits of consuming seafood coupled with ever- rising population will also enhance the region to maintain its dominance.
The country section of the cultured seafood market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cultured Seafood Market Share Analysis
The cultured seafood market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cultured seafood market.
The major players covered in the cultured seafood market report are Pacific American Fish Company, Inc., NISSUI, NEW PESCANOVA GROUP, Mowi, Cermaq Group AS, Pacific Seafood., KANGAMIUT SEAFOOD A/S, American Seafoods Company LLC., Phillips Foods, Inc., Trident Seafoods Corporation., Thai Union Group PCL., LEE FISHING., Amalgam Enterprises, Cochin., FOODSTUFFS NEW ZEALAND, Austevoll Seafood ASA, Cooke Aquaculture, Dongwon Group, GuoLian.Cn, Princes Foods. and Tri Marine among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.