Global Seafood Industry 2022-2026. 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. The market is expected to lose . Value-added meat offerings have been growing in recent years. In total expenditures, 65% of dollars are spent at restaurants or away from home sources while 35% spent on seafood at home. NFI and our members support sound public policy and nutrition information based on science. Among all types of seafood, Fishes are the dominating segment of global seafood industry. 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. The global fish and seafood market segment jumped approximately 14% in 2020. Asia-Pacific is the dominating region for global seafood industry. 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. According to the latest statistics, the global market value of the industry reached $252.6 in 2021. It was followed by West Bengal, with 1.77 million MT, up 1.7 percent from 1.74 million MT in 2017-2018. 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. 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 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 rank is 6052321, google pagerank is 4/10 . We lose $750 billion yearly on food waste, excluding fish and seafood. Global Food Safety Testing for Seafood Market Size by Region (2017-2022) & (US$ Million) Table 24. . (Statista) Historical data shows that in 2020, the seafood industry was valued at $240.6 billion globally. 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 total cost of food waste is estimated at $1 trillion. The global seafood market size was valued at USD 160.2 billion in 2021 and is projected to reach USD 207.2 billion by 2030 at a CAGR of 2.9% from 2022 to 2030. Seafood Market Size, Share, Global Industry Report, 2027 The seafood market was valued at US$ 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. This has increased pressure on fish stocks across the world. It was 11.43 million MT in 2016-2017, and 10.26 million MT in 2014-2015, The Hindu BusinessLine reported. 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. 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. . A distinguished group of seafood experts will judge each entrant on eating experience, innovation, health and nutrition and market potential. The business of seafood exports is booming. and natural antioxidants (such as TP, VE). Table 22. Learn More CONFERENCE Rely on our Market Intelligence platform to get the latest trends on the Seafood Industry and anticipate the future of the sector. 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. The global market value of the seafood industry is projected to reach $335.8 billion in 2025. With regional and international food and agricultural value chain severely disrupted, seafood is caught in the eye of the COVID-19 storm. Get real time updates on the Global Seafood Industry with the latest reports, critical insights and stats from official sources. U.S. The global seafood market is expected to grow at a CAGR of 7.2% during the forecast period (2022 - 2027). For a more detailed breakdown download refer to Table 2 of the SOFIA 2020 report . The seafood market size was valued at $159,311.9 million in 2019, and is projected to reach $193,913.6 million by 2027, registering a CAGR of 2.5% from 2020 to 2027. The fish segment is further sub segmented into salmon, tuna, pollock, and others. Recent results show a 97 percent average superiority in net returns of GMT over hormonally sex-reversed tilapia and 255 percent average superiority in net returns over mixed-sex tilapia. According to Goldstein Research, global seafood market is expected to reach USD 150 billion by 2024, growing at a CAGR of 4.3% over the forecast period 2016-20 However, there has been a 6 percent growth in aquaculture fish production since 2003. Washington Sea Grant (WSG) has provided safety training, technical guidance, and research to Washington state fishing and seafood communities for over 40 years. View Trends, Analysis and Statistics. Global Food Safety Testing for Seafood Market Size by Region (US$ Million): 2017 VS 2022 VS 2028. 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 . The seafood market is expected to grow to $346.19 billion in 2026 at a CAGR of 7.3%. 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. According to Statista, the global seafood industry is expected to reach nearly $154 billion in value by 2023 5. Per Capita Consumption of Seafood in the U.S., 2012-2022. The Seafood Excellence Global awards competition is designed to recognize the best seafood products in several different categories represented at the expo each year. . 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. The. 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. 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. Norwegian Seafood and Fish Industry Statistics . 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. 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. Seafood market totalled USD 28.5 Bn in 2022 which is approximately 25.9% of the global Seafood Industry. 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. 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. This statistic shows the seafood market value worldwide in 2020, as well as forecast figures for 2021 to 2025. 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. Gorjan Nikolik, senior analyst at Rabobank, presented the 2021 Global Aquaculture Production Survey and Forecast findings, starting with shrimp. The global seafood market reached a value of 253 billion U.S.. Food waste flies in the face of global hunger, while the cost in dollars is more or less exact. Alaska led all states in volume of landings in 2010 with 52% of the total catch. (Statista) #4. An increase in the population creates more demand for food. Average Annual Household Expenditures on Canned Fish and Seafood, by Detailed Demographic Characteristics, 2018 and 2022. The demand for Seafood is expected to grow at 3.6% CAGR between 2021 and. 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. The common food antioxidants include synthetic antioxidants (such as BHA, BHT, TBHQ, PG, etc.) High nutritional values of seafood are increasing the demand for seafood across the globe which is thus propelling the global seafood industry growth. $159.00 - Add to Cart. Table 143: Australian Seafood Market by Seafood Type (2015): Percentage Breakdown of Value Consumption for Abalone, Oysters, Prawns, Rock Lobster, Salmon, Scallops, Tuna and Others (includes . Global Seafood Industry . Some of the top importers of Norwegian seafood and fish products include Poland, France, Denmark, the UK, the USA, and . Oct 21, 2022 (Heraldkeepers) -- The Basa Fish Market offers a qualitative analysis of industry statistics, market size, share, and growth trends. Europe is the largest fish and . According to "The Agricultural Outlook" by the OECD and FAO, global cereal production is projected to increase by 13% by 2027. Based on the Product Type, the product type segment is segmented into fish, crustaceans, molluscs, and others. High nutritional values of seafood are increasing the demand for seafood across the globe. Market Analysis and Insights: Global Seafood Mushroom Market Due to the COVID-19 pandemic, the global Seafood Mushroom market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the review period. Global Food Safety Testing for Seafood Market Size Forecast by Region (2023-2028) & (US$ Million) Table 25. 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. Global Seafoods has developed dynamic relationships with our fishers over the last several decades. 5 the supply of the capture fisheries sector to The pandemic COVID-19 has positively affected the global seafood market as more people turned to home cooking and retail purchases. 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. 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. The growth in U.S.. We are More Than a Fish Market "But my seafood market near me tells me exactly how to prepare their products." Antioxidants, both natural and synthetic, are used by the food industry as food additives to help prolong the . September 14, 2022 GMT animals have produced higher yields - through a combination of enhanced survival and faster growth - at all the farms where they were tested. 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-. Global seafood market segmentation has been done on the basis of type of seafood . 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 . 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. In 2016, worldwide fishes production accounted approximately 172 million tons. View piermarket.com : html tags, EZ SEO analysis, traffic statistics, whois lookup, social pages, earnings, ip, location, rankings report about piermarket.com. 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. The social and economic impact of food waste is easy to see for many. 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 . pier market seafood restaurant 34.87%; family dining pier 39 33.31%; seals pier 39 19.72%; Global production of fish and seafood has quadrupled over the past 50 years.
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