Processed Fish Market By Fish Type (Capture, Aquaculture), By Product (Frozen, Cured, Prepared and Preserved), By Application (Commercial, Residential), By Distribution Channel (Supermarkets and hypermarkets, Convenience Stores, Independent Retailers, Onl

Processed Fish Market By Fish Type (Capture, Aquaculture), By Product (Frozen, Cured, Prepared and Preserved), By Application (Commercial, Residential), By Distribution Channel (Supermarkets and hypermarkets, Convenience Stores, Independent Retailers, Online sales, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global processed fish market size was valued at $66,879.9 million in 2021, and is estimated to reach $87,172.2 million by 2031, registering a CAGR of 2.8% from 2022 to 2031.

Fish is processed by fermenting, salting, pickling, smoking, and other chemical processes to add taste to the fish and extend its shelf-life. The surge in demand for the seafood among consumers owing to its nutritional and health benefits along with the rising disposable income of the consumers is fueling the growth of the global processed fish market. The strong economic growth in the past decade resulted in increased employment, changing lifestyle of the consumers, and changing consumption pattern. The hectic and busy life schedules of the consumers has significantly fostered the demand for the packaged convenience food across the globe. The growing adoption of ready-to-cook and ready to eat food products among the young adults is expected to drive the growth of the global processed fish market.

The surge in penetration of the foodservice and food processing industries across the developed and developing economies is fueling the growth of the processed fish market. The growing popularity of dinning out among the working men and women is expected to foster the demand for processed fish. According to U.S. Department of Agriculture, spending on food away from homes (restaurant, full-service and fast food) accounted for $1.17 trillion or 55% of total food expenditures, in 2021. Therefore, the rise in the number of restaurants and hotels in the developing nations is anticipated to boost the processed fish market growth in the forthcoming future.

The demand for organic fish is rising and hence, the emphasis is growing on the organic farming of fishes. Aquaculture is expected to witness a significant rise during the forecast period, owing to the rising importance of aquaculture in the global food supply system and rising demand for the organic food. The rising health consciousness among the consumers and growing emphasis on the sustainably sourced fishes, is encouraging the consumers in the developed economies to boost their expenditure on consumption of healthy and sustainably farmed fishes and other seafood. The increasing consumer expenditure on healthy and functional food is propelling the demand for the organic food. Therefore the organically farmed fishes are high in demand among the consumers. According to the Organic Trade Association (OTA), in 2020, the U.S. witnessed an all-time high sales of organic food products.

The processed fish market is segmented on the basis of fish type, product, application, distribution channel, and region. By fish type, the market is categorized into capture and aquaculture. Both, the capture and aquaculture segments are specifically further bifurcated into cod, salmon, tuna, sardines, mackerel, and others. Moreover, depending on product, it is segmented into frozen, cured, and prepared and preserved segments. On the basis of application, the market is segmented into commercial and residential. Depending on distribution channel, the processed fish market is categorized into supermarkets and hypermarkets, convenience stores, independent retailers, online sales, and others. Region-wise, the processed fish market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).

Players operating in the processed fish market have used a variety of developmental strategies to expand their market share, exploit the processed fish market opportunities, and boost market profitability. The key players operating in the processed fish industry include, Beach Cliff, Brunswick, Channel Fish Processing, Clover Leaf, Gadre Premium Seafood, Golden Prize Canning Co., Ltd., Goya Foods, Inc., MOWI, Oceans Secret, Perdue Farms, Safcol, Safe Catch, True North Seafood Company, Wild Planet Foods, and Young's Seafood.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the processed fish market analysis from 2021 to 2031 to identify the prevailing processed fish market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the processed fish market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global processed fish market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Fish Type

Capture
Sub Type
Cod
Salmon
Tuna
Sardines
Mackerel
Others
Aquaculture
Sub Type
Cod
Salmon
Tuna
Sardines
Mackerel
Others

By Product

Frozen
Cured
Prepared and Preserved

By Application

Commercial
Residential

By Distribution Channel

Supermarkets and hypermarkets
Independent Retailers
Online sales
Others
Convenience Stores

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Russia
Spain
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
UAE
Egypt
Rest Of LAMEA

Key Market Players

Beach Cliff
Brunswick Seafood
channel fish processing (cfp)
clover leaf seafoods
Gadre Premium Seafood
Golden Prize Canning Co., Ltd.
Goya Food Inc.
MOWI ASA
Oceans Secret
perdue farms
Safcol (The Seafood Experts Australia Pty Ltd.)
Safe Catch
true north seafood
wild planet foods
Young's Seafood

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