Market Size of seafood Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2016 - 2028 |
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Base Year For Estimation | 2021 |
|
CAGR | 1.41 % |
|
Largest Share by Type | Fish |
|
Largest Share by Region | Asia-Pacific |
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|
Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Seafood Market Analysis
The Seafood Market is projected to register a CAGR of 1.41%
- Fish is the Largest Type : The demand for fish is fueled by a range of factors, including fish's lower price, greater nutritional value, and ease of availability due to increased production.
- Asia-Pacific is the Largest Region : The hike in the regional aquaculture sector, aided by large-scale investments is driving the market. Also, the adoption of the pescetarian lifestyle further booms the market.
- Shrimp is the Fastest-growing Type : The growth of the aquaculture sector supports the progress of the shrimp market in the region, with farmed shrimp dominating the on-trade and off-trade distribution channels.
- Africa is the Fastest-growing Region : The growth in the per capita income, population growth in Sub-Saharan Africa and rise in seafood production, are all projected to drive the African seafood market.
