Sustainable Seafood Market 2021 Size, Share, Growth, and Covid-19 Impact by 2025

Introduction -

Sustainable seafood refers to the farming, marketing, and distribution of seafood in a way that protects the environment, species, and people's livelihoods in the long run without hurting the marine ecosystem.

Market Dynamics -

Increasing reliance on seafood, which leads to overfishing and interference in the marine ecosystem, is expected to increase demand for sustainable seafood in order to maintain the ecosystem's balance. This is a key factor expected to drive the global Sustainable Seafood Market growth over the forecast period.

Furthermore, increasing retailers' attention to Sustainable Seafood Industry in order to balance the growing demand for seafood is predicted to boost the global market's rise throughout the forecast period. For example, Whole Foods Market is a renowned shop that sells sustainable seafood all over the world.

Additionally, growing the acceptance of sustainable seafood by foodservice chains like as McDonald's, Starbucks, Subway, and others is expected to support the target market's growth over the forecast period. McDonald's, for example, uses seafood from MSC-certified fisheries.

Furthermore, product labeling is another major element that is predicted to drive the global market forward during the forecast period. Fish goods are exhibited with various labels and certificates, allowing customers to make informed decisions while purchasing seafood from a retail location. The MSC label, for example, certifies that a product is sourced responsibly without harming the marine ecology.

However, a prominent factor predicted to hinder the growth of the worldwide Sustainable Seafood Market over the forecast period is a lack of stringent government rules surrounding illicit fishing tactics in various nations. Furthermore, the high cost of certified seafood items is another factor that is predicted to stifle the target market's growth in the near future.


Global sustainable seafood market segmentation:

Segmentation by Form:

• Frozen 
• Chilled
• Canned
• Others

Segmentation by product type:

• Tuna and tuna-like species
• Bivalves and other mollusks and aquatic invertebrates
• Small pelagics
• Cephalopods
• Salmonids
• Crustaceans
• Groundfish
• Flatfish
• Freshwater fish
• Others

Segmentation by distribution channel:

• Online
• Hypermarkets
• Specialty Stores
• Supermarket
• Convenience Stores
• Others

Segmentation by region:

• Asia Pacific
• North America
• Europe
• Middle East & Africa
• Latin America

Analysis by Region -

Due to the country's high seafood consumption rate, the US market is predicted to dominate the worldwide sustainable seafood market in terms of revenue over the forecast period. According to the National Oceanic and Atmospheric Administration (NOAA), the value of fish landings in the United States in 2016 was US$ 5.3 billion, up 2.1 percent over the previous year.

Furthermore, strict government rules, laws, and increased awareness among producers and customers about sustainable seafood are likely to boost demand for sustainable seafood in several North American countries.

Due to the rising demand for seafood in various nations across Europe, the market in Europe is likely to increase significantly in terms of revenue over the forecast period. Furthermore, due to a high rate of fish and aquaculture production across various countries in the area, the market in the Asia Pacific is predicted to rise moderately.