Market Overview:

The global seafood market size was USD 358.68 billion in 2023 and is projected to grow from USD 386.73 billion in 2024 to USD 837.17 billion by 2032, exhibiting a CAGR of 10.14% during the 2024-2032 period. The rise can be attributed to a range of factors including rising disposable income and surging per capita consumption.

This information is cited by Fortune Business Insights™ in its research report, titled “Seafood Market, 2024-2032”.

List of Key Players Mentioned in the Report:

• Nippon Suisan Kaisha Ltd. (Japan)
• Maruha Nichiro (Japan)
• Mowi ASA (Norway)
• Charoen Pokphand Foods Group (Thailand)
• Dongwon Group (South Korea)
• Marubeni Corporation (Japan)
• Mitsubishi Corporation (Japan)
• OUG Holdings (Japan)
• Thai Union Group Public Company Limited (Thailand)
• Trident Seafoods Corporation (U.S.)

Source: https://www.fortunebusinessinsights.com/industry-reports/seafood-market-101469

Segments:

Fish Segment to Register Substantial Surge Due to Various Benefits

On the basis of type, the market is fragmented into molluscs, crustaceans, fish, and others. The fish segment is expected to record a commendable share over the forecast period due to a range of benefits such as diversity and freshness. Based on region, the market can be subdivided into North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

Fresh Segment to Record Commendable Growth Owing to Surging Demand for Premium Products

On the basis of form, the industry is segmented into processed and fresh products. The fresh segment is anticipated to register appreciable growth considering the soaring demand for premium and natural products. Additional factors favoring the industry expansion comprise numerous health-imparting properties and various quality attributes.