With regional and international food and agricultural value chain severely disrupted, seafood is caught in the eye of the COVID-19 storm. Apparent Consumption of Fresh, Frozen, and Canned Seafood, 2012-2022. The global seafood market is expected to grow at a CAGR of 7.2% during the forecast period (2022 - 2027). This has increased pressure on fish stocks across the world. This statistic shows the seafood market value worldwide in 2020, as well as forecast figures for 2021 to 2025. The industry has witnessed new trends in consumer demand for seafood where cooking at home has become the new norm and has been driving retail sales through convenient stores, supermarkets and online. Global Seafood Industry . From healthy eating and sustainable fishing to responsible aquaculture and a marketplace supporting free trade, the National Fisheries Institute (NFI) and AboutSeafood.com work to ensure the media, consumers and regulators have the facts about seafood. The global Seafood Market has been segmented on the basis of Product Type, Product Format, Distribution Channel, and regions. The seafood market is expected to grow to $346.19 billion in 2026 at a CAGR of 7.3%. About 6.5 billion pounds of edible seafood products with a dockside value of $4.35 billion were landed in the U.S. in 2010. September 14, 2022 Average Annual Household Expenditures on Canned Fish and Seafood, by Detailed Demographic Characteristics, 2018 and 2022. Global seafood Important seafood industry statistics everyone in the fishery and aquaculture sector should know Global seafood Seafood TOP 2021 - Top 20 global seafood companies in 2021 - Advertisment - Most Read World Aquaculture Production of Food Fish and Aquatic Plants, SOFIA 2020 Recap. The seafood market size was valued at $159,311.9 million in 2019, and is projected to reach $193,913.6 million by 2027, registering a CAGR of 2.5% from 2020 to 2027. For a more detailed breakdown download refer to Table 2 of the SOFIA 2020 report . Washington Sea Grant (WSG) has provided safety training, technical guidance, and research to Washington state fishing and seafood communities for over 40 years. The average American spends 48% their food budget away from home, so the percentage of money spent on seafood at restaurants is much higher than other foodstuffs. global capture fisheries and aquaculture primary production sectors deliver 67.1 million tonnes and 60.6 million tonnes respectively to the seafood distribution and processing industries which, in turn, contribute to a global demand for seafood destined for human consumption of 143.8 million tonnes. . The global market value of the seafood industry is projected to reach $335.8 billion in 2025. Latest government statistics indicates a decline in the country's marine capture of 11 percent, which accounts for up to 92.5 percent of the Mauritian total fish production. Andhra Pradesh was the top state in fish production, with 3.99 million MT in 2018-2019 - up 16 percent from 3.44 million MT in 2017-2018. Among all types of seafood, Fishes are the dominating segment of global seafood industry. However, shrimps accounted for around 60% of total production of crustaceans in 2016. Learn More CONFERENCE According to Goldstein Research, global seafood market is expected to reach USD 150 billion by 2024, growing at a CAGR of 4.3% over the forecast period 2016-2024. In the United States, the amount of fish and shellfish harvested from the wild annually is about 8 times greater than the amount produced by . The total value of the global seafood market was an estimated $120.8 billion in 2016. . Global seafood market segmentation has been done on the basis of type of seafood . Global Seafood Industry . In 2016, worldwide fishes production accounted approximately 172 million tons. Global Seafood Market to Reach $134 Billion by 2026 The global market for Seafood estimated at US$116.8 Billion in the year 2022, is projected to reach a revised size of US$134 Billion. The market is expected to lose . Growing food & beverage industries of North America, due to rising population is anticipated to influence the seafood market growth positively during the forecast period. The awareness regarding health-conscious foods and the emphasis on the development of tasty as well as healthy seafood will contribute to the growing demand for seafood across the world. According to Goldstein Research, global seafood market is expected to reach USD 150 billion by 2024, growing at a CAGR of 4.3% over the forecast period 2016-2024. . We lose $750 billion yearly on food waste, excluding fish and seafood. Regular intake of seafood lowers the risk of heart disease. Europe is the largest fish and . Some of the top importers of Norwegian seafood and fish products include Poland, France, Denmark, the UK, the USA, and . Per Capita Consumption of Seafood in the U.S., 2012-2022. . The pandemic COVID-19 has positively affected the global seafood market as more people turned to home cooking and retail purchases. A top takeaway was the "impressive performance" from Ecuador's shrimp industry, which grew by more than 5 percent in 2020 and is projected to increase by 10 percent in 2021. Market Analysis and Insights: Global Seafood Mushroom Market Due to the COVID-19 pandemic, the global Seafood Mushroom market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the review period. Marine Harvest, one of the largest salmon farming producers in the world today, generated average shareholder returns of 47% during the 5-year period ending in 2016. Table 22. Global Seafood Industry 2022-2026. Growth in the global seafood industry. The "Seafood Seasoning Market" Research Report provides qualitative and quantitative insights into the primary drivers, constraints, opportunities, and challenges influencing global markets. However, there has been a 6 percent growth in aquaculture fish production since 2003. The. The fish segment is further sub segmented into salmon, tuna, pollock, and others. The U.S. seafood market is worth $102 billion. According to the latest statistics, the global market value of the industry reached $252.6 in 2021. Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Sustainable Seafood estimated at USD 12080 million in the year 2022, is projected to reach a revised size. Our years in the industry puts us in a unique position as an e-commerce fish market to change how high-quality seafood reaches your table. The global seafood market size was valued at USD 160.2 billion in 2021 and is projected to reach USD 207.2 billion by 2030 at a CAGR of 2.9% from 2022 to 2030. It was 11.43 million MT in 2016-2017, and 10.26 million MT in 2014-2015, The Hindu BusinessLine reported. This report analyzes the worldwide markets for Seafood (Frozen, Canned and Fresh) in US$ Million by the following Product Segments: Fresh/Frozen/Chilled Fish, Canned Fish, Cured Fish, and Shell. global rank is 6052321, google pagerank is 4/10 . The Seafood Excellence Global awards competition is designed to recognize the best seafood products in several different categories represented at the expo each year. Today, the seafood industry including harvesting, processing, marketing, and consumption continues to play a key role in the region's economy and lifestyle. Food waste flies in the face of global hunger, while the cost in dollars is more or less exact. Home Industries Global Hot Smoked Salmon Market Size, Status and Forecast 2020-2027This report focuses on the global Hot Smoked Salmon status, future forecast, growth opportunity, key market and key players. A distinguished group of seafood experts will judge each entrant on eating experience, innovation, health and nutrition and market potential. According to Goldstein Research, global seafood market is expected to reach USD 150 billion by 2024, growing at a CAGR of 4.3% over the forecast period 2016-20 $159.00 - Add to Cart. The study objectives are to present the Hot Smoked Salmon development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.The report starts with a scope of the . View piermarket.com : html tags, EZ SEO analysis, traffic statistics, whois lookup, social pages, earnings, ip, location, rankings report about piermarket.com. According to OECD, global per capita consumption averaged at 20.5 kg/person/year in for the period from 2015 to 2017 and the same is projected to increase towards 21.3 kg . Antioxidants, both natural and synthetic, are used by the food industry as food additives to help prolong the . According to "The Agricultural Outlook" by the OECD and FAO, global cereal production is projected to increase by 13% by 2027. According to Goldstein Research, global seafood market is expected to reach USD 150 billion by 2024, growing at a CAGR of 4.3% over the forecast period 2016-2024. Table 23. Seafood Market Size, Share, Global Industry Report, 2027 The seafood market was valued at US$ 158,910.17 million in 2019 and is projected to reach US$ 198,854.86 million by 2027; with a CAGR of 2.9% during the forecast period by key factors driving the market growth and prominent players along with their developments in the market. As of September 2021, the sales of value-added seafood was growing slightly faster than all seafood products. The global seafood market reached a value of 253 billion U.S.. According to the most current UN FAO SOFIA 2020 report, the top 25 countries and territories for global marine capture produced 67.83 million tonnes of seafood, which is equivalent to 80 percent of the world total of 84.41 million tonnes in 2018. In 2016, Norway exported a record high of $10.5 billion worth of seafood to the global market, representing nearly 10% of the world's total seafood supplies in that year. The common food antioxidants include synthetic antioxidants (such as BHA, BHT, TBHQ, PG, etc.) Europe is the largest fish and . High nutritional values of seafood are increasing the demand for seafood across the globe which is thus propelling the global seafood industry growth. Rely on our Market Intelligence platform to get the latest trends on the Seafood Industry and anticipate the future of the sector. Global Seafoods has developed dynamic relationships with our fishers over the last several decades. 1.. pier market seafood restaurant 34.87%; family dining pier 39 33.31%; seals pier 39 19.72%; We are More Than a Fish Market "But my seafood market near me tells me exactly how to prepare their products." Expanding at a compound annual growth rate (CAGR) of 4% between 2012 and 2017, the seafood market is swelling on the back of ballooning global demand 6. According to Statista, the global seafood industry is expected to reach nearly $154 billion in value by 2023 5. Global Seafood Market to Reach $138.7 Billion by 2027 Amid the COVID-19 crisis, the global market for Seafood estimated at US$113.2 Billion in the year 2020, is projected to reach a revised. and natural antioxidants (such as TP, VE). It was followed by West Bengal, with 1.77 million MT, up 1.7 percent from 1.74 million MT in 2017-2018. Oct 21, 2022 (Heraldkeepers) -- The Basa Fish Market offers a qualitative analysis of industry statistics, market size, share, and growth trends. View . The business of seafood exports is booming. Alaska led all states in volume of landings in 2010 with 52% of the total catch. In total expenditures, 65% of dollars are spent at restaurants or away from home sources while 35% spent on seafood at home. According to Goldstein Research, global seafood market is expected to reach USD 150 billion by 2024, growing at a CAGR of 4.3% over the forecast period 2016-. Table 143: Australian Seafood Market by Seafood Type (2015): Percentage Breakdown of Value Consumption for Abalone, Oysters, Prawns, Rock Lobster, Salmon, Scallops, Tuna and Others (includes . Asia-Pacific is the dominating region for global seafood industry. Seafood market totalled USD 28.5 Bn in 2022 which is approximately 25.9% of the global Seafood Industry. Dec 16, 2021 This statistic shows the seafood market value worldwide in 2020, as well as forecast figures for 2021 to 2025. Based on the Product Type, the product type segment is segmented into fish, crustaceans, molluscs, and others. Global Food Safety Testing for Seafood Market Size by Region (2017-2022) & (US$ Million) Table 24. The global fish and seafood market segment jumped approximately 14% in 2020. Cold-Storage Warehouses Market Set to Register Striking Growth of CAGR 12.52% by 2028, Size, Share, Growth Opportunities, Recent Trends, Revenue Statistics and Global Challenges The total cost of food waste is estimated at $1 trillion. The social and economic impact of food waste is easy to see for many. View Trends, Analysis and Statistics. Graphs (2 graphs): U.S. Gorjan Nikolik, senior analyst at Rabobank, presented the 2021 Global Aquaculture Production Survey and Forecast findings, starting with shrimp. High nutritional values of seafood are increasing the demand for seafood across the globe which is thus propelling the global seafood industry growth. Norwegian Seafood and Fish Industry Statistics . U.S. High nutritional values of seafood are increasing the demand for seafood across the globe. The global seafood market size was valued at USD 160.2 billion in 2021 and is projected to reach USD 207.2 billion by 2030 at a CAGR of 2.9% from 2022 to 2030. The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 3.7% CAGR The Seafood market in the U.S. is estimated at US$6.3 Billion in the year 2020. Global production of fish and seafood has quadrupled over the past 50 years. Food antioxidant is a kind of food additives, used to prevent or delay the oxidation, improve the stability and prolong the shelf life of food. An increase in the population creates more demand for food. (Statista) #4. Globally, the share of fish stocks which are overexploited - meaning we catch them faster than they can . The world's population is growing and is expected to reach 10 billion by 2050. Global Food Safety Testing for Seafood Market Size by Region (US$ Million): 2017 VS 2022 VS 2028. Global Food Safety Testing for Seafood Market Size Forecast by Region (2023-2028) & (US$ Million) Table 25. 5 the supply of the capture fisheries sector to Global Seafood Industry. The demand for Seafood is expected to grow at 3.6% CAGR between 2021 and. Market Statistics- Size, Share & Forecast to 2024 Global seafood market is valued USD 150 billion in 2016 and is anticipated to growth at a CAGR of 4.3% during the forecast period. Get real time updates on the Global Seafood Industry with the latest reports, critical insights and stats from official sources. NFI and our members support sound public policy and nutrition information based on science. According to Goldstein Research, global seafood market is expected to reach USD 150 billion by 2024, growing at a CAGR of 4.3% over the forecast period 2016-2024. . Recent results show a 97 percent average superiority in net returns of GMT over hormonally sex-reversed tilapia and 255 percent average superiority in net returns over mixed-sex tilapia. Value-added meat offerings have been growing in recent years. GMT animals have produced higher yields - through a combination of enhanced survival and faster growth - at all the farms where they were tested. (Statista) Historical data shows that in 2020, the seafood industry was valued at $240.6 billion globally. 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