Seafood Market is expected to reach US$ 2,01,253.49 million by 2028

Health Benefits Associated with Seafood Attracts Health-Conscious Consumers

According to the new research study titled "Seafood Market to Forecast 2028 – Global Analysis – by Product Type, Category, and Distribution Channel," the seafood market is expected to grow from US$ 1,71,493.93 million in 2022 to US$ 2,01,253.49 million by 2028; it is expected to grow at a CAGR of 3.0% from 2022 to 2028.

Seafood provides numerous health benefits, which is the primary factor that drives seafood consumption among consumers. Health consciousness among consumers is increasing tremendously. Seafood is a high-protein food that is low in calories, total fat, and saturated fat. It consists of sufficient essential amino acids to ensure healthy growth and optimal fetal development. A 3-ounce serving of most shellfish and fish provides more than 30-40% of the average recommended amount of protein. The protein in seafood is more comfortable to digest as seafood has less connective tissue than red meats and poultry. Seafood is rich in vitamins and minerals and offers a wide array of health advantages to the consumer. Further, omega-3 fatty acids help maintain a healthy heart by reducing blood pressure and the risk of sudden death, abnormal heart rhythms, heart attack, and strokes. Also, fish contains ample phosphorus and calcium and is a great source of minerals, such as zinc, iodine, iron, magnesium, and potassium. Thus, the growing health consciousness among the populace and rising awareness regarding the benefits of seafood is fueling the growth of the seafood market.

Seafood Market Breakdown – by Region

A few of the key players operating in the seafood market are American Seafoods Company LLC, Kangamiut Seafood A/C, Lee Fishing Company, Pacific American Fish Co. Inc., Royal Greenland A/S, Mowi ASA, The Union Group PCL, Grupo Nueva Pescanova, Trident Seafoods Corporation, SeaPak Shrimp & Seafood Company. These key players are adopting product innovation strategies and investing in business expansions to meet consumers’ rising demand for seafood. Such strategic development initiatives by manufacturers are further expected to drive the market growth in the coming years.

The report segments the seafood market as follows:

The seafood market is segmented on the basis of product type, category, and distribution channels. Based on product type, the market is segmented into fish, crustaceans, mollusks, and others. Based on category, the market is categorized into fresh, frozen, canned, and others. Based on distribution channel, the market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. By geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.

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