What is Fresh Fish and Seafood?
Fresh fish and sea food are high in protein and provide vital ingredient for overall wellbeing of human health. The factors contributing to the growth of the fresh fish & sea food market are a rise in disposable income of people in developing countries, rising trade activities and favorable government initiatives to promote fish aquaculture are supplementing the growth of the very market. Moreover, the developed economies have the significant consumption of sea food species and China seems to be following the suit. Rising import activities of fish & seafood products provide a great opportunity for key players to expand their business presence in Asia Pacific.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Grupo Freiremar (Spain), Lee Fishing Company (Australia), Leigh Fisheries (New Zealand), Marine Harvest (Norway), Morrisons (United Kingdom), Tesco (United Kingdom), True World Foods (United States), All Seas Wholesale (United States), Austevoll Seafood Group (Norway), Faroe Seafood (France), IFB Agro Industries Limited (India), Fujian Yingfeng Foods Group (China), Grieg Seafood (Norway), Metro Seafood (United States), Midseas (United States), Ocean Fresh Seafoods (India), Ocean Develop Seafoods (Denmark), Pescafresh (India) and PJS Seafood (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Fresh Fish, Seafood and Others) and major geographies. Research Analyst at AMA predicts that United States, Norway, Indian and Chinese Vendors will contribute to the maximum growth of Global Fresh Fish and Seafood market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Fresh Fish and Seafood market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Grupo Freiremar (Spain), Lee Fishing Company (Australia), Leigh Fisheries (New Zealand), Marine Harvest (Norway), Morrisons (United Kingdom), Tesco (United Kingdom), True World Foods (United States), All Seas Wholesale (United States), Austevoll Seafood Group (Norway), Faroe Seafood (France), IFB Agro Industries Limited (India), Fujian Yingfeng Foods Group (China), Grieg Seafood (Norway), Metro Seafood (United States), Midseas (United States), Ocean Fresh Seafoods (India), Ocean Develop Seafoods (Denmark), Pescafresh (India) and PJS Seafood (United States).
The United States Food and Drug Administration (FDA) has the primary Federal responsibility for the safety of seafood products in the U.S. In 1997 the FDA adopted a regulation (21 CFR Part 123) that required all seafood processors to utilize the preventive system of food safety controls known as HACCP (Hazard Analysis Critical Control Point). In addition, FDA monitors food products that are imported into the U.S. and issues import alerts for products or foreign firms that do not meet U.S. standards.
The companies are increasingly focusing on the expansion of the business with new facilities in other geographies to strengthen their presence and overall growth. Companies are also partnering with e-commerce companies and launching their own delivery platforms to provide fresh fish and seafood to customers' doorstep.
Fresh Fish and Seafood Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growth of the Aquaculture Industry
- Increasing Seafood Trade
- Surge in Consumption of Seafood as One of the Premium Food Products
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Major Trends | - Rising Trend of Smart Fish Farming
- Increased Health Consciousness Among Consumers
- Rapid Economic Growth in Asia Pacific and The Growth of Global Per Capita Consumption of Fish
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Restraints | - Surging Overfishing Worldwide
- Depletion of Wild Fish Stocks
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Road Blocks / Challenges | - Harmful Impact on the Environment
- Food Safety Concerns
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Gaps & Opportunities | - Increasing Government Initiatives to Support Aquaculture
- Surge in Collaborations Between Manufacturers and Food Service Providers
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Key highlights of the Global Fresh Fish and Seafood market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Fresh Fish and Seafood market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Fresh Fish and Seafood market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Fresh Fish and Seafood Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fresh Fish and Seafood market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Fresh Fish and Seafood market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Fresh Fish and Seafood Suppliers, Fresh Fish and Seafood Traders/Distributors, Regulatory & Government Bodies and End Users.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.