Searching for your content…
In-Language News
Contact Us
888-776-0942
from 8 AM – 10 PM ET
News provided by
12 Oct, 2023, 19:15 ET
Share this article
NEW YORK, Oct. 12, 2023 /PRNewswire/ — The Processed Seafood Market size is expected to grow by USD 60.5 billion, accelerating at a CAGR of 7.01% during the forecast period. High demand for protein-rich and ready-to-eat seafood is notably driving the processed seafood market. However, factors such as the growing popularity of vegan seafood may impede market growth. The market is segmented by Product (Frozen seafood, Canned seafood, Smoked seafood, and Others), Distribution Channel (Offline and Online ), and Geography (Europe, North America, APAC, Middle East and Africa, and South America). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. Buy the report now
Processed Seafood Market 2023 – 2027: Key Segment Analysis
The frozen seafood segment is expected to experience substantial market share growth during the forecast period. To ensure the freshness of frozen seafood, suppliers are implementing innovative packaging solutions and introducing various options of frozen fish and seafood in appealing packaging. This enhanced packaging not only maintains seafood freshness throughout the supply chain but also upholds product quality, as frozen seafood can spoil when thawed during transit and exposed to prolonged warm temperatures before cooking.
To know additional highlights and key points on various market segments and their impact in coming years, View Free PDF Sample Report
Processed Seafood Market 2023 – 2027: Geographical Market Analysis
Europe is projected to play a significant role in driving global market growth during the forecast period, contributing approximately 46% to the market expansion. This growth can be attributed to several factors, including increased consumption of processed fish and seafood products, robust import and export activities, and rising disposable income levels in the region. Among the noteworthy contributors to market growth in Europe are Spain, Germany, the United Kingdom, Denmark, France, Italy, the Netherlands, and Sweden.
Processed Seafood Market 2023 – 2027: Company Insights
The processed seafood market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:
View Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
Related Reports:
Seafood Market: The seafood market share is expected to increase to USD 107.74 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.54%.
Smoked Fish Market: The smoked fish market share is expected to increase by USD 4.51 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.9%.
Processed Seafood Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 7.01%
Market growth 2023-2027
USD 60.5 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
6.75
Regional analysis
Europe, North America, APAC, Middle East and Africa, and South America
Performing market contribution
Europe at 46%
Key countries
US, China, France, Germany, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Aquafoods, Austevoll Seafood ASA, Baader Global SE, Bolton Group Srl, China Aquatic Products Co. Ltd., Cooke Aquaculture Inc., Gadre Marine Export Pvt. Ltd., Goya Foods Inc., KARRO FOOD GROUP, Kyokuyo Co. Ltd., Loch Duart Ltd., Mitsubishi Corp., Mowi ASA, Perdue Farms Inc., Premium Brands Holdings Corp., Thai Union Group PCL, Trident Seafoods Corp., Universal Seafood Inc., Agrosuper SA, and High Liner Foods Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
TOC:
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
The beaker market is expected to grow by USD 468.07 million from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of…
The omega 3 and omega 6 market is expected to grow by USD 4.24 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of …
Food & Beverages
Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!