Processed Fish Industry Demand, Size And Forecast Till 2031
The processed fish market is gaining momentum in the global markets due to the growing preference for convenience foods among the population. Rising disposable income, consumers changing lifestyle, and rapid growth in the urban population are expected to foster the global market growth during the forecast period.
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The key players operating in the processed fish industry include, Beach Cliff, Brunswick, Channel Fish Processing, Clover Leaf, Gadre Premium Seafood, Golden Prize Canning Co., Ltd., Goya Foods, Inc., MOWI, Oceans Secret, Perdue Farms, Safcol, Safe Catch, True North Seafood Company, Wild Planet Foods, and Young's Seafood.
Key findings of the study
The global processed fish market size was valued at $66,879.9 million in 2021, and is estimated to reach $87,172.2 million by 2031, registering a CAGR of 2.8% from 2022 to 2031.
By fish type, the aquaculture segment is estimated to witness the fastest growth, registering a CAGR of 3.5% during the forecast period.
In 2021, depending on product, the frozen segment was valued at $41,023.3 million, accounting for 61.3% of the global processed fish market share.
In 2021, the U.S. was the most prominent market in North America, and is projected to reach $20,451.8 million by 2031, growing at a CAGR of 2.1% during the forecast period.
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Region-wise, North America dominated the market in 2021. North America is the leading consumer of processed fish products, such as canned, frozen, and chilled fishes.
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