Sustainable Seafood Market Size, Share, and Analysis, By Type (Bivalves, Molluscs & Aquatic Invertebrates, Cephalopods, Crustaceans, Salmonids, Tuna and Tuna-like Species, and Others), By Certification Standards (Marine Stewardship Council (MSC), Aquacult

Sustainable Seafood Market Size, Share, and Analysis, By Type (Bivalves, Molluscs & Aquatic Invertebrates, Cephalopods, Crustaceans, Salmonids, Tuna and Tuna-like Species, and Others), By Certification Standards (Marine Stewardship Council (MSC), Aquaculture Stewardship Council (ASC), GlobalGAP, Others) By Distribution Channel (Retail, Food Service, Online, Speciality Stores), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Sustainable Seafood Market, valued at USD 17.8 billion in 2023, is expected to experience steady growth over the next decade. With a projected Compound Annual Growth Rate (CAGR) of 5.5%, the market is forecasted to reach USD 32.1 billion by 2034.

Sustainable seafood is catching or farming fish and shellfish in ways that protect ocean ecosystem and secure future seafood availability. This method seeks to reduce environmental harm, protect marine biodiversity, and aid local fishing communities. Important methods involve the use of specific fishing equipment to accidental catch, preventing excessive fishing by adhering to catch restrictions, and advocating for responsible aquaculture techniques that reduce habitat damage and antibiotic usage. Certification programs such as the Marine Stewardship Council (MSC) and Aquaculture Stewardship Council (ASC) are vital in confirming sustainable practices and giving consumers confidence in the origin and sustainability of their seafood selections. As consumer awareness about environmental concerns increases, the demand for sustainably sourced seafood also rises, prompting industry stakeholders to implement more responsible practices in the seafood supply chain.

MARKET HIGHLIGHTS

Sustainable Seafood Market is projected to reach USD 32.1 billion, growing at a CAGR of 5.5% during the forecast period, influenced by rising consumer awareness of environmental concerns and the consequences of overfishing on marine ecosystems. The increasing demand for environmentally conscious and ethically sourced items has resulted in greater acceptance of certifications such as MSC and ASC. Government regulations and international treaties that support sustainable fishing methods are also important factors. Developments in aquaculture and sustainable farming techniques contributes to the growth of the market by offering alternative seafood options. Moreover, the market's growth is expected to be supported and enhanced in the future by the health benefits associated with seafood consumption and increasing interest in traceability and transparency.

Sustainable Seafood Market Segments:

• By Type
• Bivalves
• Molluscs & Aquatic Invertebrates
• Cephalopods
• Crustaceans
• Salmonids
• Tuna and Tuna-like Species
• Others
• By Certification Standards
• Marine Stewardship Council (MSC)
• Aquaculture Stewardship Council (ASC)
• GlobalGAP
• Others
• By Distribution Channel
• Retail
• Food Service
• Online
• Speciality Stores

MARKET DYNAMICS

Growth Drivers

Increasing Consumer Awareness Regarding Sustainability in Seafood Consumption to Provide Significant Growth Opportunities

Government Regulations Promoting Sustainable Fishing Practices Have Assisted in Keeping Market at the Forefront

Restraint

High Costs Associated with Sustainable Seafood Production May Restrict Growth Opportunities

Key Players

• Thai Union Group
• Marine Harvest (Mowi ASA)
• Maruha Nichiro Corporation
• Nippon Suisan Kaisha (Nissui)
• Cermaq (Mitsubishi Corporation)
• M.F Foley Company
• Lerøy Seafood Group
• Trident Seafoods Corporation
• High Liner Foods
• Grupo Nueva Pescanova
• Cooke Aquaculture Inc.
• Clearwater Seafoods
• Pacific Andes Group
• Kyokuyo Co., Ltd.
• Australis Aquaculture
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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