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Top 3 April Reports on Seafood Market

26 Apr 2022 • by Natalie Aster

LONDON – The Market Publishers’ collection of seafood research reports has been recently replenished with cutting-edge studies prepared by our research partners. Our experts have identified the three most popular reports covering the seafood market added at MarketPublishers.com in April: 

Shrimp Market 

Presently, shrimp is one of the most common and popular types of seafood consumed across the world. The governments of top-producing countries have identified the seafood sector as a high-priority industry and are currently promoting it with several fiscal reliefs and incentives. For instance, government bodies in India, such as MPEDA (Marine Products Exports Development Authority), are supporting shrimp culture through a cluster farming approach. Similar initiatives are also being taken in such countries as Vietnam, Thailand, and China which are expected to attract new investors to the industry. The global market for shrimps is slated for steady growth at a 4.8% CAGR over 2022-2027, supported by the increasing awareness of the health benefits associated with seafood consumption along with the mounting demand for seafood products, and rising disposable incomes of consumers. By 2027, the value of the global shrimp market is set to reach USD 84.2 billion…

Salmon Market 

Usually found in the northern Atlantic and Pacific oceans, salmon today represents the most widely traded seafood species. Backed by the increasing income levels, rising awareness of health and wellness coupled with the growing shift from carbohydrate-laden food products to protein-rich food items, the demand for salmon is on the rise across the globe. Atlantic is currently the most widely consumed salmon species, as it is a rich source of proteins, vitamins, and omega-3 fatty acids. Last year, the volume of the global salmon market reached USD 3.33 million tons. During 2022-2027, this market is slated to expand at a 3.77% CAGR to reach a volume of 4.17 million tons by the end of the forecast period…

Lobster Market 

Presently, the major chunk of lobsters on the global market is provided by Canada and the US. The elimination of appr. 98% of the tariffs between Canada and the EU under the recent Canada Free Trade Agreement (CETA) have been proactive in boosting the Canadian exports to the northern European countries as well as opening new market opportunities in the southern European countries. Along with the decreasing trade in the EU, the US and tropical exporters are turning towards the Chinese market where lobsters have become an integral part of the luxurious dining experience supported by the rising purchasing power of the middle-class population. Furthermore, the improving economic environment in both the developed and developing regions, and recovery in some of the major markets, including Russia and Brazil, are also supporting the lobsters market growth. The global lobsters market is projected to grow at a CAGR of almost 10% during 2022-2027 to amount to a value of USD 11.1 billion by the year 2027…

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