The Latest Global Seafood Industry Statistics Explained
The worldwide seafood market was valued at over 159.31 billion USD in 2020.
The statistic “The worldwide seafood market was valued at over 159.31 billion USD in 2020” indicates the total economic value of all seafood products sold globally in the year 2020. This figure takes into account sales of various seafood products such as fish, shellfish, and seaweed across different markets and regions worldwide. The valuation of the seafood market at over 159.31 billion USD highlights the significant scale and economic importance of the global seafood industry, reflecting consumer demand for these products as well as the growth and expansion of the seafood market on a global scale.
By the year 2026, the global seafood market is projected to reach 209.42 billion USD.
The statistic indicates that the global seafood market is forecasted to grow significantly, reaching a value of 209.42 billion USD by the year 2026. This projection suggests an upward trend in the demand for seafood products worldwide, likely driven by factors such as increasing consumer preferences for healthy and sustainable food options, rising global population, and expanding seafood trade and distribution networks. The anticipated growth in the seafood market highlights opportunities for industry players to capitalize on this growing market segment and adapt their strategies to meet evolving consumer demands and market dynamics in the coming years.
In 2018, China was the largest seafood producer with a share of over 35%.
The statistic suggests that in 2018, China accounted for more than a third of the total global seafood production, making it the largest seafood producer in the world. With a share of over 35%, China’s seafood output significantly surpassed that of other countries. This high level of production may be attributed to China’s vast coastline, extensive marine resources, and robust fishing industry. The statistic demonstrates China’s prominence in the seafood market, indicating its significant role in meeting global demand for seafood products.
Across the globe, seafood accounts for approximately 16% of animal proteins consumed.
The statistic that seafood accounts for approximately 16% of animal proteins consumed across the globe highlights the significant contribution of seafood to the global protein intake. This statistic indicates that a substantial portion of the animal protein consumed by the world’s population comes from seafood sources such as fish, shellfish, and other marine products. The high percentage suggests that seafood is a crucial source of nutrition for many people worldwide, particularly in coastal regions and countries with a strong tradition of seafood consumption. Understanding the proportion of animal proteins that come from seafood can have implications for food security, dietary recommendations, and sustainable fisheries management practices on a global scale.
Indonesia was the second-largest producer of seafood, accounting for around 8.5% in 2018.
This statistic indicates that in 2018, Indonesia ranked as the second-largest producer of seafood globally, contributing approximately 8.5% of the total seafood production. This suggests that Indonesia plays a significant role in the global seafood industry, highlighting the country’s importance as a major player in providing seafood products for both domestic consumption and international trade. The high production output also signifies the potential economic impact of the seafood industry on Indonesia’s economy, as well as the importance of sustainable fisheries management practices to ensure the long-term viability of seafood production in the country.
India is the world’s largest shrimp exporter.
The statistic that “India is the world’s largest shrimp exporter” refers to the fact that India exports a larger volume of shrimp than any other country globally. This statistic highlights India’s significant role in the international shrimp trade and its dominance in the market. Factors contributing to India’s status as the largest shrimp exporter may include favorable climatic conditions for shrimp farming, a large and growing aquaculture industry, competitive pricing, and efficient supply chain infrastructure. Being the largest shrimp exporter can have significant economic implications for India, driving revenue, creating employment opportunities, and strengthening its position in the global seafood market.
France’s seafood consumption per capita was 34 kg in 2018.
The statistic “France’s seafood consumption per capita was 34 kg in 2018” means that on average, each person in France consumed 34 kilograms of seafood in the year 2018. This metric provides valuable insights into the dietary habits and preferences of the population, highlighting the significance of seafood as a staple food item in the country. The data can be used to track trends in dietary patterns, evaluate the impact of policies or marketing strategies on seafood consumption, and assess the overall health and sustainability of the food system. Additionally, comparing this statistic with historical data or with other countries’ seafood consumption figures can offer further context and understanding of seafood consumption patterns globally.
Alaska Pollock is the largest commercial fishery in the United States.
The statistic that Alaska Pollock is the largest commercial fishery in the United States highlights the significant economic contribution and importance of this particular fish species to the fishing industry. As a major source of revenue and employment in the fishing sector, Alaska Pollock’s prominence underscores its widespread distribution, high catch volumes, and market demand both domestically and internationally. Additionally, the commercial success of Alaska Pollock reflects the sustainable management practices employed in its fisheries, ensuring continued availability and viability of this resource for future generations.
Approximately 88% of all U.S. shrimp imports come from Asia.
The statistic that approximately 88% of all U.S. shrimp imports come from Asia highlights the significant role that Asian countries play in supplying the U.S. market with shrimp. This statistic indicates that a large majority of the shrimp consumed in the United States is sourced from Asian countries, emphasizing the reliance on Asian suppliers within the U.S. shrimp import market. Factors such as lower production costs, proximity to major shipping routes, and high demand for seafood products may contribute to the dominance of Asian suppliers in U.S. shrimp imports. This statistic underscores the importance of trade relationships with Asian countries in meeting the seafood consumption needs of the United States.
Japan consumes over 7 million tons of seafood each year.
The statistic that Japan consumes over 7 million tons of seafood each year indicates a significant and substantial consumption of seafood within the country. Seafood is a vital part of the Japanese diet and cultural heritage, with various forms of fish and seafood serving as staple foods in traditional Japanese cuisine. The high level of seafood consumption in Japan highlights not only the popularity of seafood dishes in the country but also the importance of the fishing industry to the national economy. Additionally, this statistic underscores Japan’s role as one of the leading consumers of seafood globally, reflecting the country’s preference for diverse seafood products and the widespread availability of fresh seafood sourced from both domestic and international waters.
The global aquaculture (farmed seafood) supply made up 46% of the total seafood supply in 2018.
The statistic that the global aquaculture supply comprised 46% of the total seafood supply in 2018 indicates the significant and growing role of farmed seafood in meeting global demand for seafood products. This statistic suggests that aquaculture, which involves the controlled cultivation of aquatic organisms such as fish and shellfish, is playing a substantial part in providing seafood for consumption around the world. The prominence of aquaculture in the total seafood supply highlights the industry’s ability to supplement wild-caught fish stocks, contribute to food security, and meet the increasing demand for seafood driven by population growth and changing dietary preferences. It also underscores the importance of sustainable aquaculture practices to ensure the long-term health and viability of the world’s seafood supply.
The U.S. imported 2.7 billion pounds of edible seafood in 2018.
The statistic indicates that in 2018, the United States imported a total of 2.7 billion pounds of edible seafood. This figure represents the amount of seafood products brought into the country for consumption from international sources. Imports play a significant role in meeting the high demand for seafood in the U.S. market, as domestic production may not always be sufficient to satisfy consumer needs. The data reflects the reliance on global seafood supply chains to support the dietary preferences and consumption habits of the American population. This statistic is important for policymakers, researchers, and industry stakeholders to understand the dynamics of the seafood market and the impact of international trade on food security and availability within the United States.
Spain is the second largest consumer of seafood in Europe.
The statistic “Spain is the second largest consumer of seafood in Europe” indicates that Spain ranks second among European countries in terms of the quantity of seafood consumed per capita. This suggests that seafood is a popular choice among Spanish consumers, highlighting the cultural significance of seafood in Spain. Factors such as its extensive coastline, rich fishing tradition, and culinary culture likely contribute to the nation’s high consumption levels compared to other European countries. Additionally, this statistic may also reflect Spain’s economic status and the availability of seafood products within the country.
Wild captured fish makes up about 79.3% of global seafood production.
The statistic that wild captured fish constitutes approximately 79.3% of global seafood production refers to the proportion of fish harvested from natural marine and freshwater sources as opposed to fish produced through aquaculture or farming practices. This statistic indicates that the majority of seafood consumed worldwide still comes from wild fish populations rather than being cultivated in controlled environments. It underscores the continued reliance on wild fisheries to meet the global demand for seafood despite the growth of aquaculture in recent years. This statistic highlights the importance of sustainable fisheries management practices to ensure the long-term viability of wild fish stocks and the health of marine ecosystems.
With 91.3 million tonnes, crustaceans were the most produced in seafood globally in 2018.
The statistic states that in 2018, crustaceans were the most produced type of seafood globally, with a total production of 91.3 million tonnes. Crustaceans are a diverse group of aquatic animals that includes species such as shrimp, crabs, and lobsters. This high production volume indicates the significant demand for crustaceans in the global seafood market, likely driven by consumer preferences, cultural cuisines, and economic factors. The large quantity of crustaceans harvested and farmed worldwide serves as a key source of protein for many populations, highlighting their importance in the seafood industry and food supply chain.
Aquaculture production in Norway reached 1.37 million tonnes in 2018, the majority of which was salmon.
The statistic indicates that Norway’s aquaculture production in 2018 amounted to 1.37 million tonnes, with salmon comprising the largest portion of the total production. This suggests that Norway is a significant player in the aquaculture industry, particularly in the farming of salmon. The high volume of salmon production is indicative of the importance of this industry to the Norwegian economy, as well as its position as one of the leading global suppliers of farmed salmon. The statistic highlights the significance of aquaculture in providing a sustainable source of protein and economic growth for Norway, with salmon being a key contributor to this sector.
An estimated 10-12% of the global population relies on fisheries and aquaculture for their livelihood.
The statistic states that approximately 10-12% of the worldwide population depends on fisheries and aquaculture as a primary source of income and livelihood. This highlights the significant socio-economic role that these industries play in supporting the livelihoods of a substantial portion of the global population. The reliance on fisheries and aquaculture underscores the importance of sustainable practices and management in ensuring the continued well-being of these communities and the preservation of marine resources for future generations. Additionally, this statistic emphasizes the need for policies and initiatives that address the challenges faced by individuals and communities dependent on these industries for their livelihoods.
Most of the global seafood is sold in retail markets, 52.3% in 2018.
The statistic “Most of the global seafood is sold in retail markets, 52.3% in 2018” indicates that a significant portion of seafood is purchased by consumers directly from retail outlets around the world. In 2018, 52.3% of all seafood products were bought by individuals from supermarkets, fish markets, and other retail establishments. This suggests that consumers play a major role in the seafood supply chain and have a significant impact on the global seafood industry. Understanding consumer preferences and behaviors in purchasing seafood products is crucial for stakeholders in the industry to effectively market and distribute their products.
Mediterranean and Black sea had an increase of 24% of seafood consumption between 2005-2015.
The statistic stating that the Mediterranean and Black Sea regions saw a 24% increase in seafood consumption between 2005 and 2015 indicates a significant rise in the consumption of seafood products within these areas over the specified time period. This growth could be due to various factors such as changing dietary preferences, increased availability of seafood products, economic development leading to higher purchasing power, and potentially amplified awareness of the health benefits associated with seafood consumption. The upward trend in seafood consumption suggests a potential shift towards greater seafood reliance in the diets of individuals living in these regions, which may have implications for the sustainability of seafood resources and the overall health and well-being of the population. Monitoring such consumption trends is crucial for understanding changing food behaviors and their potential impacts on the environment and human health.
Seafood production in Africa is dominated by Morocco, which accounted for 91% of the regional seafood sales in 2018.
The statistic stating that seafood production in Africa is primarily controlled by Morocco, representing 91% of the total regional seafood sales in 2018, highlights the significant role that Morocco plays in the continent’s seafood industry. This dominance suggests that Morocco has a strong competitive advantage in terms of seafood production and market share within the African region. This could be attributed to various factors such as favorable geographical location, well-developed infrastructure, advanced technological capabilities, and efficient supply chains. The statistic underscores Morocco’s influence on the African seafood market, implying that the country is a key player in meeting the seafood demands of the region and potentially influencing pricing and market trends across Africa.
Conclusion
Overall, the global seafood industry is a vital component of the global economy, providing employment opportunities for millions of people and supplying nutritious food to consumers around the world. By analyzing the statistics and trends in the seafood industry, we can identify opportunities for growth, sustainability, and innovation to ensure a thriving industry for generations to come.
References
0. – https://www.www.who.int
1. – https://www.www.statista.com
2. – https://www.www.imarcgroup.com
3. – https://www.www.eumofa.eu
4. – https://www.www.fisheries.noaa.gov
5. – https://www.www.nationalgeographic.com
6. – https://www.www.seafoodsource.com
7. – https://www.www.fao.org
