Thursday 11 January 2018

New Seafood Market 2022: Development Trend, Distributor Chain Analysis, Challenges

Global seafood market is expected to witness robust growth over the forecast period owing to rising global population, increasing per capita disposable income, rising consumption and changing diet preferences in developing countries. The technological improvements in processing, packaging and storage of seafood, development of modern distribution channels and increasing number of health conscious people are some other factors anticipating the demand for seafood.



Seafood such as prawns, can help in nourishing the kidneys. They are very high in proteins. Prawns also helps in clearing blood vessels and warm the meridians. It promotes blood circulation. Hence, people suffering from cold extremities should eat more prawns. People suffering from post-natal delivery with either lack or none lactation should drink prawn broth to increase blood calcium level. The benefits associated with it are expected to witness lucrative growth over the decade.

The global seafood industry consists of two distinct production systems which includes wild catch and aquaculture. Wild catch includes techniques like bottom trawl, dredge, gillnetting, harpooning, siene net, trolling and many more while aquaculture includes farming techniques such as hatchery, open net pens, ponds, shellfish culture, suspended culture etc.

Aquaculture is considered to be the fastest growing seafood producing segment contributing to the market growth. According to the FAO data, in 2013, the global fishery production from aquaculture is estimated to be 160 million tones and the proportion of fish production traded internationally is around 37%.Greater the quantity of fish, more are the by-products such as backbones, heads and viscera which can be potentially turned into valuable products fit for human consumption. This new emerging market of by-product is expected to boost the market growth. In 2012, more than 50% of seafood traded globally, comes from developing countries.


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