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

Factors Affecting the Growth of the Organic Seafood Industry: 

• Consumer Health Awareness:

The increasing awareness among consumers regarding the health benefits of organic seafood is a significant driver. Organic seafood is perceived to be free from harmful pesticides, antibiotics, and growth hormones, which are often used in conventional aquaculture. This shift in consumer preference towards healthier food options has led to a rise in demand for organic seafood. Furthermore, the growing concerns about the presence of heavy metals and other contaminants in non-organic seafood have intensified consumer interest in organic alternatives, thereby fueling market growth.

• Sustainability and Environmental Concerns:

The growing emphasis on sustainability and environmental conservation is another critical factor driving the organic seafood market. Moreover, organic seafood farming practices are generally more environmentally friendly and sustainable compared to conventional methods. These practices include responsible feed sourcing, avoidance of chemical inputs, and maintenance of water quality, which help in preserving marine ecosystems. Furthermore, as global awareness about the impact of overfishing and environmental degradation increases, consumers and businesses are turning towards organic seafood as a more sustainable choice.

• Regulatory Support and Labeling:

The implementation of stringent regulations and the introduction of clear labeling standards for organic seafood have also contributed to market growth. Governments and international bodies are increasingly focusing on regulating organic aquaculture practices to ensure product integrity and consumer safety. These regulations cover various aspects, including feed quality, farming methods, and environmental impact. Clear labeling helps consumers easily identify and trust organic seafood products, thus promoting market growth. Additionally, these regulations encourage producers to adopt organic practices, expanding the availability of organic seafood in the market.

Leading Companies Operating in the Global Organic Seafood Industry:

• Anova Seafood B.V.
• Artisanfish LLC
• Dom International Limited
• Glenarm Organic Salmon Ltd.
• Mowi ASA
• Mseafood Corporation
• Nueva Pescanova S.L. (ABANCA Corporacin Bancaria, S.A.)
• Omarsa S.A.
• Pacific American Fish Company Inc.
• Royal Greenland A/S
• Thai Union Group PCL
• Trident Seafoods Corporation
• Tropical Aquaculture Products Inc. (Geneseas Holding S.A.)

Organic Seafood Market Report Segmentation:  

The report is organized into distinct sections as follows:

Breakup by Product Type:

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

Fishes represented the largest segment due to their widespread availability and diverse variety appealing to a broad consumer base.

Breakup by Product Form:

• Fresh
• Frozen
• Canned
• Chilled
• Others

Frozen represented the largest segment as it offers longer shelf life and convenience, making it a preferred choice for storage and distribution.

Breakup by Distribution Channel:

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

The market has been divided based on the distribution channel into convenience stores, supermarkets and hypermarkets, online stores, and others.

Regional Insights:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Spain, Russia, Italy, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.

Global Organic Seafood Market Trends:

The increasing focus on healthy eating habits and sustainable food sources is driving the demand for organic seafood products. Consumers are increasingly conscious of the benefits of choosing organic seafood, including reduced exposure to chemicals and antibiotics. This heightened awareness about health and environmental concerns is a significant factor contributing to the expansion of the organic seafood market. Moreover, the shift towards organic seafood is also motivated by a desire to support sustainable fishing practices and reduce the ecological impact of fishing. The availability of a wide range of organic seafood options, from wild-caught to responsibly farmed, caters to diverse consumer preferences, fostering growth in the global organic seafood market.

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

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