{"id":7084,"date":"2021-05-20T21:06:30","date_gmt":"2021-05-20T21:06:30","guid":{"rendered":"https:\/\/www.seafood-harvest.com\/?p=7084"},"modified":"2023-01-23T11:17:01","modified_gmt":"2023-01-23T18:17:01","slug":"global-seafood-market-to-reach-133-9-billion-by-2026","status":"publish","type":"post","link":"https:\/\/www.seafood-harvest.com\/index.php\/2021\/05\/20\/global-seafood-market-to-reach-133-9-billion-by-2026\/","title":{"rendered":"Global Seafood Market to Reach $133.9 Billion by 2026"},"content":{"rendered":"

\"seafood<\/p>\n

Global Industry Analysts Inc., (GIA) today released its report titled “Seafood – Global Market Trajectory & Analytics.” The report presents fresh perspectives on opportunities and challenges for the seafood market in a significantly transformed post-COVID-19 world.<\/p>\n

\"global<\/p>\n

Global Seafood Market: The U.S. Market is Estimated at $6.3 Billion<\/span> in 2021, While China is Forecast to Reach $51.2 Billion<\/span> by 2026<\/h2>\n

The Seafood market in the U.S. is estimated at US$6.3 Billion<\/span> in the year 2021. China<\/span>, the world`s second largest economy, is forecast to reach a projected market size of US$51.2 Billion<\/span> by the year 2026 trailing a CAGR of 3.7% over the analysis period. Among the other noteworthy geographic markets are Japan<\/span> and Canada<\/span>, each forecast to grow at 1.3% and 2.1% respectively over the 2020-2027 period. Within Europe<\/span>, Germany<\/span> is forecast to grow at approximately 1.6% CAGR.<\/p>\n

Technological advancements made in production, processing, packaging & distribution of fishery and aquacultural products<\/a> are wielding a strong positive influence on seafood demand patterns across the world. Leveraging high-tech improvements in processing technologies, a range of products are being offered in primary and secondary versions such as whole gutted fish, fillets, loins, kebabs, steaks and cutlets; and value-added variants such as grilled, marinated, pre-fried, smoked, salted, seasoned, dusted, breaded, and stuffed fish etc., are attracting more number of consumers. Seafood consumption is also growing in developing and less developed countries in Asia-Pacific<\/span>, Latin America<\/span>, the Middle East<\/span> and Africa<\/span>. Rising per capita fish consumption in countries such as China<\/span>, India<\/span> and other East, South and Southeast Asian countries is driving overall seafood volume growth. Going forward, developing countries are poised to account for more than 80% of total new seafood consumption by 2030.<\/p>\n

Tuna Segment of Seafood Market to Reach $16.2 Billion<\/span> by 2026<\/h2>\n

Tuna is considered to be the most favorite seafood in the west and accounts for nearly 25% of the total seafood consumption. Tunas are usually fast swimmers, covering thousands of miles in a few weeks. Tuna can be classified as white and light tuna. Out of the 12 different types of fishes that are sold as tuna only albacore is a white tuna. The remaining species such as yellowfin, bigeye, bluffing, and skipjack are classified as light tuna. In the global Tuna segment, USA<\/span>, Canada<\/span>, Japan<\/span>, China<\/span> and Europe<\/span> will drive the 2.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.9 Billion<\/span> in the year 2020 will reach a projected size of US$9.5 Billion<\/span> by the close of the analysis period. China<\/span> will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia<\/span>, India<\/span>, and South Korea<\/span>, the market in Asia-Pacific<\/span> is forecast to reach US$5.1 Billion<\/span> by the year 2026, while Latin America<\/span> will expand at a 2.4% CAGR through the analysis period.<\/p>\n

See the full report here<\/a>.<\/p>\n

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Photo by ROMAN ODINTSOV<\/a><\/strong> from Pexels<\/a><\/strong><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The seafood market in the U.S. is estimated at US$6.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$51.2 Billion by the year 2026<\/p>\n","protected":false},"author":5,"featured_media":7086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[70],"tags":[67,206,440,441],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/posts\/7084"}],"collection":[{"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/comments?post=7084"}],"version-history":[{"count":3,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/posts\/7084\/revisions"}],"predecessor-version":[{"id":7089,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/posts\/7084\/revisions\/7089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/media\/7086"}],"wp:attachment":[{"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/media?parent=7084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/categories?post=7084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/tags?post=7084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}