Organic Seafood Market Report

Market Overview:

The global organic seafood market size reached US$ 1.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Million by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

Organic seafood includes a wide variety of aquaculture-based food products cultivated without using synthetic chemicals, feed activities, antibiotics, genetically modified organisms (GMO), etc. These products provide high-quality protein sources along with mitigating the potential threats of harmful chemicals on aquatic life. Organic seafood is gaining traction all across the globe based on the increasing adoption of responsible and sustainable aquaculture practices.

The expanding organic aquaculture sector based on the optimization of food quality, nutritional content, and productivity of resources is primarily driving the market growth. Moreover, the high prevalence of numerous foodborne illnesses caused by pathogens, including calicivirus, hepatitis A virus, and salmonella, present in conventionally cultured seafood products is further catalyzing the demand for organic alternatives. Additionally, the rising consumer shift from high- calorie food items towards protein-rich diet is also augmenting the demand for organic seafood. Furthermore, the hectic consumer lifestyles have propelled the demand for frozen seafood products, including organic salmon, organic shrimp, organic pangasius, organic trout, etc. The market is further driven by the growing number of quick-service restaurants (QSR) and seafood-based eateries that serve gourmet and specialized dishes prepared from organic seafood. Apart from this, the prevalent trend of pet humanization along with the changing inclination of pet owners towards organic and preservative-free pet food items, is also propelling the demand for organic seafood in the pet food sector. Additionally, several government bodies have launched numerous incentives and policies for promoting organic fish farming practices, thereby augmenting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global organic seafood market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, product form and distribution channel.

Breakup by Product Type:

• Fishes
  • Salmon
  • Pollock
  • Tuna
  • Others
• Crustaceans
  • Crabs
  • Shrimps
  • Prawns
  • Others
• Molluscs
  • Scallops
  • Oysters
  • Others
• Others
   

Breakup by Product Form:

• Fresh
• Frozen
• Canned
• Chilled
• Others
   

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Anova Seafood B.V., Artisanfish LLC, Dom International Limited, Glenarm Organic Salmon Ltd., Mowi ASA, Mseafood Corporation, Nueva Pescanova S.L. (ABANCA Corporación Bancaria, S.A.), Omarsa S.A., Pacific American Fish Company Inc., Royal Greenland A/S, Thai Union Group PCL, Trident Seafoods Corporation and Tropical Aquaculture Products Inc. (Geneseas Holding S.A.).

Report Coverage:

Key Questions Answered in This Report:

• How has the global organic seafood market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global organic seafood market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the product form?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global organic seafood market and who are the key players?
• What is the degree of competition in the industry?