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Seafood Market is expected to Reach a Market Valuation of US$ 110.2 Billion by 2022, With a CAGR of 3.6% from 2022 to 2032: FMI
Digital technology offered new outlets for many fisherfolk and aquaculture suppliers when COVID-19 upended the import/export sector. Those that were quick enough to convert their products to a digital marketplace could sell and deliver straight to customers.
Fish Tiangge, a USAID Fish Right initiative in the Philippines , launched an online platform using Facebook in May 2020 to connect fishermen with local consumers. This single programme linked 6,000 fishermen with almost 300,000 households, boosting local food security and maintaining the livelihoods of thousands of fishermen.
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Digital technology is also assisting in the modernization of fishing and aquaculture operations, as well as increasing earnings and raising awareness of sustainable seafood best practises. For example, in India , we're cooperating with AquaConnect to deliver digital solutions that assist shrimp farmers in identifying quality items and making farm-input purchases. Farmers also receive announcements and documents about growth and disease advisories, as well as advice and information on inexpensive financing and resources to connect to other Indian markets.
In the coming years, digital technology will continue to be a major source of industry evolution and innovation, particularly when it comes to sustainable seafood trends.
"While COVID-19 presented challenges to many small-scale fisherfolk and aquaculture providers, it also revealed areas where the seafood industry may improve its supply chains to become more robust and sustainable." said a lead analyst at .
High-pressure processing is a technology that improves operational efficiency by reducing time and cost for fish preservation. This process uses pressures about 6000 times higher than average air pressure at sea level, which pasteurizes foods without heat exposure as it replaces the need to reheat products or use chemicals in their place; increased yield due approximately 20%-50%. HPP effectively kills microbes and extends the shelf life of the processed fish by 2 to 4 times, without adversely affecting its freshness, flavor, color, texture, and nutritional value.
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By Nature, Seafood Market is Segmented as:
By Source, Seafood Market is Segmented as:
By Product Type, Seafood Market is Segmented as:
By Form, Seafood Market is Segmented as:
By End Use, Seafood Market is Segmented as:
By Sales Channel, Seafood Market is Segmented as:
By Region, Seafood Market is Segmented as:
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Future Market Insights, in its new offering, provides an unbiased analysis of the Seafood market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.
The study divulges compelling insights on the Seafood market based on Seafood Market by nature (organic seafood and conventional seafood), by product type (ground fish, pelagics, tuna, salmonids, molluscs, crustaceans, lobsters, crabs, shrimp, and other product types (prawns, trouts, etc)), by form (fresh, chilled, frozen, and ambient), by source (farm-raised and wild-caught) by end-use (food, pharmaceutical, cosmetics, industrial, biotechnology, and household retail), by distribution channel (direct and indirect) and across seven major regions.
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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
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