Sustainable Seafood Market - Global Forecast, 2022 - 2028

Sustainable Seafood Market - Global Forecast, 2022 - 2028

Report Description
Seafood is a major source of food in coastal areas worldwide, and according to Coherent Market Insights, the overall trade of the seafood industry was estimated to around US$ 150 billion in 2021, making it one of the most valuable industry, globally. According to Word Wildlife Fund (WWF), it has been estimated that around 40% of the world population is dependent on seafood for their primary protein source and 10%-12% of the global population is directly or indirectly dependent on seafood for their livelihood. Growing dependency on seafood has resulted in overfishing and resulting to disruption of the marine ecosystem, hence demand for sustainable seafood culture to maintain the balance of the ecosystem is increasing.
Market Dynamics
Several key leading retailers are focusing on sustainable seafood in order to cater to growing seafood demand, globally. For instance, Whole Foods Market—one of the global retailers is selling sustainable seafood across all its outlets and also stopped selling of a number of endangered species such as Bluefin tuna and shark. Furthermore, the company also partnered with organizations such as the Marine Stewardship Council, the Monterey Bay Aquarium, and the The Safina Center to focus on sustainable seafood. Similarly, Wegmans, which is another leading retailer does not stock species such as blacktip and por beagle shark, blue fin tuna (unless farm raised). To maintain this practice, the company works closely with the Sustainable Fisheries Partnership (SFP) since 2011 to maintain seafood sustainability policy. Some of the other leading retail chains that are focusing on sustainable seafood market are Hy-Vee, Safeway, Target, Aldi, Trader’s Joe, Walmart, and others.
Food service chains such as McDonalds, Starbucks, Subway and others are using sustainable sea food which is further promoting the growth of the market. For instance, for McDonalds, all the fishes used are sourced from Marine Stewardship Council certified fisheries. As a result, over 100 million Filet-O-Fish dish served annually across Europe carry the MSC certified label. Furthermore, in 2013, McDonalds became the first national chain in the U.S. to adopt the Marine Stewardship Council’s blue label on its fish packaging restaurants. Similarly, Subway–one of the leading quick service restaurants globally— became the first quick service restaurant to join the International Pole & Line Foundation (IPLF), thereby focusing on sustainably sourcing tuna species. The company has also partnered with Marine Stewardship Council (MSC) to source its tuna from MSC certified suppliers or other certified bodies.
Key features of the study:
This report provides in-depth analysis of sustainable seafood market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global sustainable seafood market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
Key companies covered as a part of this study includes M.F. Foley Company, Inc., Zoneco Group Co., Ltd, Walker Seafoods, Nippon Suisan Kaisha, Ltd, Thai Union Group, Maruha Nichiro Corporation, Austral Fisheries, Pacific Andes Group, Marine Harvest ASA, AgriMarine Holdings, Kyokuyo Suisan Co., Ltd., and Mitsubishi Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, market expansion and marketing tactics
The global sustainable seafood market report caters to various stakeholders in this industry including investors, suppliers, retailers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the sustainable market
Detailed Segmentation:
Global Sustainable Seafood Market, By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
Global Sustainable Seafood Market, By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Global Sustainable Seafood Market, By Form:
Chilled
Frozen
Canned
Others
Global Sustainable Seafood Market, By Geography:
North America
U.S.
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Canada
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Europe
U.K.
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Germany
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Italy
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
France
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Russia
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Rest of Europe
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Asia Pacific
China
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
India
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Japan
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
ASEAN
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Australia
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
South Korea
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Rest of Asia Pacific
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Latin America
Brazil
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Mexico
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Rest of Latin America
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Middle East
GCC
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Israel
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Rest of Middle East
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Africa
Northern Africa
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Central Africa
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
South Africa
By Product Type:
Bivalves and other molluscs and aquatic invertebrates
Cephalopods
Crustaceans
Flatfish
Freshwater fish
Groundfish
Salmonids
Small pelagics
Tuna and tuna-like species
Others
By Form:
Chilled
Frozen
Canned
Others
By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Company Profiles
Zoneco Group Co., Ltd *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
M.F. Foley Company, Inc.
Walker Seafoods
Nippon Suisan Kaisha, Ltd
Thai Union Group
Maruha Nichiro Corporation
Austral Fisheries
Pacific Andes Group
Marine Harvest ASA
AgriMarine Holdings
Kyokuyo Suisan Co., Ltd.
Mitsubishi Corporation
“*” marked represents similar segmentation in other categories in the respective section.