Exploring Growth Factors and Forecasts in the Seafood Market

The global seafood market has long been a cornerstone of the food industry, providing a vital source of protein and essential nutrients for millions of people worldwide. As consumer preferences shift and sustainability concerns rise, the market is experiencing significant changes that are shaping its future. In this blog post, we’ll explore the key growth factors influencing the seafood market and offer insights into forecasts for the coming years.. The global seafood market is forecast to expand at a CAGR of 3.4% and thereby increase from a value of US$137.5 Bn in 2023, to US$173.8 Bn by the end of 2030

Understanding the Seafood Market Landscape

The seafood market encompasses a diverse array of products, including fresh and frozen fish, shellfish, and processed seafood. The market's growth is driven by several factors, including population growth, rising disposable incomes, and increasing health consciousness among consumers.

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