Fish and Seafood Market to Register Growth with Inflated Disposable Income and Aggressive Aquafarming

Published on : Jul 16, 2018

Albany, New York, July 16, 2018: Surged practices in aquaculture are likely to instigate growth in fish and seafood market. Additionally, transitioning consumer preferences from meat oriented diet to fish and seafood options, coupled with increased disposable income in developing economies have pumped in significant growth in fish and seafood market. In its recent report addition titled, ‘Fish & Seafood Global Industry Guide 2013-2022’, Market Research Hub (MRH) offers a comprehensive overview of ongoing developments that affect the growth of fish and seafood market.  

Rise of Premium Category Products: Top Trend in Fish and Seafood Market

To sustain strong consumer demands leading companies in food and seafood market are laying prime focus on capacity enhancement and portfolio improvement. Expansion of product line remains critical in the growth agenda of core companies in fish and seafood market. To spearhead new achievements in the market, market players have also launched premium products that cater to niche end-user needs.

In a recent development, leading player in fish and seafood market, Young has confirmed the launch of three premium category frozen fish commodities, namely, gastro jumbo beer battered Argentenian red shrimp, adding to the company’s popular Gastro portfolio. Young's product line additions also comprises lightly battered chunky cod fillets and lightly breaded cod fillets. These niche products mainly aim to target the demands for cod fish and shrimps of a specific population.

Further, according to a recent report, Nomad Food's Findus is eying to expand its frozen food business in the US market. The company envisions to introduce Italian seafood pasta sauces besides other line of popular products such as steam delicious cod loins. Additionally, the company has also confirmed about probable export expeditions of its seafood products in China which is amongst the fastest growing region in fish and seafood market.

Veritable research postulates encapsulated in the report allow readers to gain insights about market segments exhibited in fish and seafood market. This section of the report enlists category as the dominant segment prevalent in fish and seafood market. Based on category the fish and seafood market is segregated as , frozen fish and seafood, chilled raw packaged fish and seafood, processed, chilled raw packaged fish and seafood, ambient fish and seafood, whole cuts and dried fish and seafood, and fresh fish and seafood (counter). Elaborate description of market segmentation briefs readers about the efficacies of segments in triggering growth in fish and seafood market, besides identifying the segment accounted for increased revenues in fish and seafood market.

Alongside, the report also enumerates the geographical distribution of fish and seafood market. In terms of region, fish and seafood market is fragmented as Europe, North America, and Asia-Pacific. Based on report components, the report highlights various business policies employed by market players in various regions of fish and seafood market. Also, the report enables readers to evaluate the impact of these strategies on end-user response.

Competitive Landscape: Fish and Seafood Market

Elaborate research findings highlighted in the report allow readers to determine the impact of winning marketing practices applied by core players in influencing end-user preferences and purchase decisions. Market players in fish and seafood market can facilitate thorough analysis of these strategies to incur new perspectives. Based on these perspectives, market players can employ profit oriented marketing schemes and plans that fetch increased revenues as well as sustenance for market players in fish and seafood market. 

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