The Global Processed Seafood Market to grow from USD 224,365.58 Million in 2019 to USD 291,000.12 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 4.42%.
Market Segmentation & Coverage:
The research report categorizes the Processed Seafood Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Type, the Processed Seafood Market studied across Crabs, Fish, Molluscs, Roe, Shrimps, and Tuna.
Based on Technique, the Processed Seafood Market studied across Canning, Cold storing, Cooking, Curing, Dehydration, Drying, Freezing, Pickling, Salting, and Smoking.
Based on End-Product, the Processed Seafood Market studied across Canned Product, Dried Product, Fish Meal, Frozen Product, Seasoning & Additives Product, Smoked Product, and Surimi Product.
Based on Distribution, the Processed Seafood Market studied across Convenient Store, Online, and Supermarket.
Based on Geography, the Processed Seafood Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
The factors attributing to the growth of the market are demand for protein-rich food products, growing demand of aquaculture industry and increased seafood trade, and rising consumption of processed ready-to-cook seafood food products. However, some factors such as prices of equipment, raw material handling, and seafood processing machines and over-fishing causing decline is sea population may hinder the market growth. The Processed Seafood Market expected to showcase the opportunities such as technology advancement in the packaging of processes sea food for longer shelf-life, new investment wave in emerging economies such as china, india, indonesia, and countries in middle east, and availability of efficient transportation and cold storage facilities. Soon market may face the possible challenges in the growth due to stringent environment regulations related to fisheries and water population protection. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Global Processed Seafood Market: Market Dynamics
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Processed Seafood Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Processed Seafood Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Processed Seafood Market, including Aquachile, Arenco AB, GEA Group Aktiengesellschaft, High Liner Foods, John Bean Technologies Corporation, KROMA A/S, LAKIDIS, Marel hf., Seaboard corporation, Skaginn 3X, The BAADER-Group, The Middleby Corporation, The Union Frozen Products Co., Ltd., Tianjin Fishery Product Supplying & Marketing Co., Trident seafood, Tropical general investments Nigeria Ltd., Uni-Food Technic A/S, and Zhengda Food Machinery Co., Ltd.