Fresh Fish & Seafood Market by Product, Application, Distribution Channel

List of Tables

The Fresh Fish & Seafood Market was valued at USD 266.29 billion in 2023, expected to reach USD 282.05 billion in 2024, and is projected to grow at a CAGR of 6.07%, to USD 402.33 billion by 2030.

The market for fresh fish and seafood is defined by its scope, encompassing a wide range of aquatic products that are sold and consumed in fresh, non-preserved states. This market includes commodities such as live fish, filleted cuts, shellfish, and other seafood, crucial for both nutrition and culinary diversity. The necessity of the fresh fish and seafood market is anchored in its high nutritional value, offering essential proteins, omega-3 fatty acids, and key vitamins and minerals vital for human health. Its applications span from direct consumption in households to intricate gourmet cuisines in high-end restaurants. The end-use scope primarily involves domestic cooking, the hospitality industry, and food service providers. Growth factors influencing this market include rising consumer awareness about health benefits, advances in aquaculture technology, and increasing demand for exotic species. Key opportunities lie in tapping emerging markets, particularly in Asia and Africa, where economic growth elevates disposable incomes and changing lifestyles favor seafood consumption. However, challenges such as overfishing, stringent regulatory demands, and susceptibility to environmental changes can hinder growth. There's also a rising need for sustainable practices to avoid depletion of marine resources. Innovation can thrive in aquaculture, improving breeding techniques and securing sustainable feed sources, as well as in logistics, where enhanced cold chain solutions can reduce spoilage and extend market reach. Strengthening traceability and certification processes to assure quality and sustainability can build consumer trust. As consumer preferences lean towards transparency and sustainability, businesses should aim at reducing their environmental footprint and promoting eco-friendly credentials. The fresh fish and seafood market remains dynamic, with a need for adaptive strategies to navigate its complexities while capitalizing on health-centric trends and leveraging technological advancements for supply chain resilience.

KEY MARKET STATISTICS
Base Year [2023]	USD 266.29 billion
Estimated Year [2024]	USD 282.05 billion
Forecast Year [2030]	USD 402.33 billion
CAGR (%)	6.07%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Fresh Fish & Seafood Market

The Fresh Fish & Seafood Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing consumer awareness towards health beneficial properties of fresh seafood products
- Government initiatives & investment for aquaculture industry
- Growing emphasis on sustainable & smart fish farming practices
Market Restraints
- Concern associated with ensuring product freshness and quality
Market Opportunities
- Advancements in refrigeration and packaging technologies
- Introduction of marinated, pre-cut, and ready-to-cook seafood products
Market Challenges
- Challenges associated regional and international regulations on fishing practices and seafood trade

Porter's Five Forces: A Strategic Tool for Navigating the Fresh Fish & Seafood Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Fresh Fish & Seafood Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Fresh Fish & Seafood Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Fresh Fish & Seafood Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Fresh Fish & Seafood Market

A detailed market share analysis in the Fresh Fish & Seafood Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Fresh Fish & Seafood Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Fresh Fish & Seafood Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Fresh Fish & Seafood Market

A strategic analysis of the Fresh Fish & Seafood Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Fresh Fish & Seafood Market, highlighting leading vendors and their innovative profiles. These include All Fresh Seafood, American Fish & Seafood Inc., Austral Group S.A.A., Borella Seafood, Cremonini S.p.A., Faroe Seafood, Grieg Seafood, Kai Gourmet, LLC, Lee Fish, Lee Fishing Company, Leroy Seafood Group ASA, Marine Harvest, METRO Cash & Carry India Pvt. Ltd., Metropolitan Seafood & Gourmet, Mowi ASA, Ocean Beauty Seafoods, Pelagia AS, Pescafresh, Peter's Florida Seafood, Pure Food Fish Market, Tesco Group, The Cornish Fishmonger, The Fish House Restaurant, True World Foods, LLC, Wm Morrison Supermarkets Limited, and Woodcroft Fresh Fish & Seafood.

Market Segmentation & Coverage

This research report categorizes the Fresh Fish & Seafood Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Product, market is studied across Cephalopods, Crustaceans, Flatfish, Mollusks, Oily Fish, Sea Bream, Shellfish, Shrimps, and White Fish.
Based on Application, market is studied across Commercial and Residential.
Based on Distribution Channel, market is studied across Offline and Online. The Offline is further studied across Convenience Stores, Fish Mongers, and Hypermarkets & Supermarkets.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-2B4B2861EC41

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing consumer awareness towards health beneficial properties of fresh seafood products
  - 5.1.1.2. Government initiatives & investment for aquaculture industry
  - 5.1.1.3. Growing emphasis on sustainable & smart fish farming practices
- 5.1.2. Restraints
  - 5.1.2.1. Concern associated with ensuring product freshness and quality
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in refrigeration and packaging technologies
  - 5.1.3.2. Introduction of marinated, pre-cut, and ready-to-cook seafood products
- 5.1.4. Challenges
  - 5.1.4.1. Challenges associated regional and international regulations on fishing practices and seafood trade
5.2. Market Segmentation Analysis
- 5.2.1. Product: Emerging shift toward fresh shrimp products for their unique flavors and textures
- 5.2.2. Application: Growing demand for fresh fish & seafood products in commercial segment
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Fresh Fish & Seafood Market, by Product

6.1. Introduction
6.2. Cephalopods
6.3. Crustaceans
6.4. Flatfish
6.5. Mollusks
6.6. Oily Fish
6.7. Sea Bream
6.8. Shellfish
6.9. Shrimps
6.10. White Fish

7. Fresh Fish & Seafood Market, by Application

7.1. Introduction
7.2. Commercial
7.3. Residential

8. Fresh Fish & Seafood Market, by Distribution Channel

8.1. Introduction
8.2. Offline
- 8.2.1. Convenience Stores
- 8.2.2. Fish Mongers
- 8.2.3. Hypermarkets & Supermarkets
8.3. Online

9. Americas Fresh Fish & Seafood Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Fresh Fish & Seafood Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Fresh Fish & Seafood Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Fish and Seafood Tech Startup Captain Fresh Secures USD 25 M in Extended Series C Round
- 12.3.2. Nordic Acquires Majority Stake in Maxima Seafood
- 12.3.3. Seafood Venture Jalongi Retail Forays into Bengaluru
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. All Fresh Seafood
2. American Fish & Seafood Inc.
3. Austral Group S.A.A.
4. Borella Seafood
5. Cremonini S.p.A.
6. Faroe Seafood
7. Grieg Seafood
8. Kai Gourmet, LLC
9. Lee Fish
10. Lee Fishing Company
11. Leroy Seafood Group ASA
12. Marine Harvest
13. METRO Cash & Carry India Pvt. Ltd.
14. Metropolitan Seafood & Gourmet
15. Mowi ASA
16. Ocean Beauty Seafoods
17. Pelagia AS
18. Pescafresh
19. Peter's Florida Seafood
20. Pure Food Fish Market
21. Tesco Group
22. The Cornish Fishmonger
23. The Fish House Restaurant
24. True World Foods, LLC
25. Wm Morrison Supermarkets Limited
26. Woodcroft Fresh Fish & Seafood