Global Sustainable Seafood Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"Global Sustainable Seafood Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global sustainable seafood market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global sustainable seafood market report has been segmented on the basis of product type, distribution channel, form, and region.

Introduction  

Sustainable seafood refers to farming, marketing, and distribution of seafood while maintaining long-term health of the environment, species, and individual’s livelihoods without harming marine ecosystem.

Market Dynamics

Increasing dependency on seafood resulting in overfishing and interfere in marine ecosystem, which in turn expected to increase demand for sustainable seafood in order to maintain the balance of the ecosystem this is a key factor expected to drive growth of the global sustainable seafood market over the forecast period.

In addition, increasing retailers focus on sustainable seafood in order to balance the growing need of seafood is another factor expected to further fuel growth of the global market over the forecast period. For instance, Whole Foods Market, which is leading retailer selling sustainable seafood across the globe.

Furthermore, increasing adoption of sustainable seafood by food service chains such as McDonalds, Starbucks, Subway and others is another factor expected to boost growth of the target market over the forecast period. For instance, McDonalds, use fishes which are sourced from Marine Stewardship Council certified fisheries.

Moreover, product labelling is another important factor expected to propel growth of the global market over the forecast period. Sea food products are displayed along with different labels and certifications that enables consumers to decision while buying a seafood from a retail outlet. For instance, the MSC label specifies that the specific product is sustainably sourced without impacting marine ecosystem.

However, lack of stringent government policies regarding illegal fishing techniques across various countries is a key factor expected to restrain growth of the global sustainable seafood market over the forecast period. In addition, high price of certified sea food products is another factor expected to hamper growth of the target market in the near future.

Analysis by Region

The market in the US is expected to dominate the global sustainable seafood market in terms of revenue over the forecast period, owing to high sea food consumption rate in the country. For instance, according to the National Oceanic and Atmospheric Administration (NOAA), in 2016, the value of fish landings in the US accounted for US$ 5.3 Bn, which was increased by 2.1% over the previous year. In addition, stringent government policies, regulations, and rising awareness among suppliers as well as in consumers regarding sustainable seafood is expected to increase the demand for sustainable seafood across various countries in the North America. Furthermore, sustainable sourcing of seafood retailers operating in the US such as ALDI, Walmart, Whole Foods is another factor expected to boost the growth of the target market in this region.

The market in Europe is expected to register significant growth in terms of revenue over the forecast period, owing to increasing demand for seafood across various countries in the region. In addition, the market in Asia Pacific is expected to grow moderately, owing to high production rate of fish and aquaculture across various countries in the region.

Global sustainable seafood market segmentation:

Segmentation 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

Segmentation by distribution channel:

• Hypermarkets
• Supermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

Segmentation by Form:

• Chilled
• Frozen
• Canned
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa