GITNUX MARKETDATA REPORT 2024

Global Seafood Industry Statistics

The global seafood industry is a significant contributor to the world economy, with over 56 million people employed in the sector and total annual exports reaching around $150 billion.

With sources from: marketsandmarkets.com, researchandmarkets.com, worldatlas.com, fao.org and many more

Statistic 1

The global shrimp market was valued at $45 billion in 2019.

Statistic 2

The global aquaculture market was valued at over $180 billion in 2018.

Statistic 3

The global seafood packaging market size was valued at USD 6.94 billion in 2020.

Statistic 4

The global seafood market is expected to grow at a CAGR of 5.8% from 2020 to 2025.

Statistic 5

Tuna is one of the most heavily traded fish, with annual sales exceeding $10 billion.

Statistic 6

Climate change is expected to reduce global fish catches by 17% by 2100.

Statistic 7

The United States imported approximately $22.4 billion worth of seafood in 2019.

Statistic 8

India is the second-largest producer of fish globally, after China.

Statistic 9

The global seafood market was valued at approximately $159.31 billion in 2018.

Statistic 10

Norway is the second-largest exporter of seafood globally.

Statistic 11

The global seafood processing equipment market is anticipated to reach $1.82 billion by 2027.

Statistic 12

The annual per capita fish consumption globally is estimated at over 20 kilograms.

Statistic 13

Global fish stocks are overfished by about 33%, which means one-third of the world's fish stocks are being fished at biologically unsustainable levels.

Statistic 14

Seafood fraud, where one species is misrepresented as another, affects about 30% of all seafood products sold.

Statistic 15

The salmon market is projected to reach $27 billion by 2025.

Statistic 16

The European Union is the largest importer of fish and seafood products, importing around 25% of globally traded seafood products.

Statistic 17

Asia accounts for around 70% of the global fish consumption.

Statistic 18

Approximately 10% of the world's population relies on fisheries and aquaculture for their livelihoods.

Statistic 19

By 2030, aquaculture is expected to supply over 60% of fish for human consumption.

Statistic 20

China is the largest exporter of seafood, accounting for about 12% of the global seafood exports.

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In this post, we will explore key statistics and insights about the global seafood industry. From market values and projections to trade dynamics and sustainability challenges, the seafood sector plays a significant role in the global economy and food supply chain. Let’s dive into the numbers that shape this vital industry.

Statistic 1

"The global shrimp market was valued at $45 billion in 2019."

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Statistic 2

"The global aquaculture market was valued at over $180 billion in 2018."

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Statistic 3

"The global seafood packaging market size was valued at USD 6.94 billion in 2020."

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Statistic 4

"The global seafood market is expected to grow at a CAGR of 5.8% from 2020 to 2025."

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Statistic 5

"Tuna is one of the most heavily traded fish, with annual sales exceeding $10 billion."

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Statistic 6

"Climate change is expected to reduce global fish catches by 17% by 2100."

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Statistic 7

"The United States imported approximately $22.4 billion worth of seafood in 2019."

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Statistic 8

"India is the second-largest producer of fish globally, after China."

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Statistic 9

"The global seafood market was valued at approximately $159.31 billion in 2018."

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Statistic 10

"Norway is the second-largest exporter of seafood globally."

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Statistic 11

"The global seafood processing equipment market is anticipated to reach $1.82 billion by 2027."

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Statistic 12

"The annual per capita fish consumption globally is estimated at over 20 kilograms."

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Statistic 13

"Global fish stocks are overfished by about 33%, which means one-third of the world's fish stocks are being fished at biologically unsustainable levels."

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Statistic 14

"Seafood fraud, where one species is misrepresented as another, affects about 30% of all seafood products sold."

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Statistic 15

"The salmon market is projected to reach $27 billion by 2025."

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Statistic 16

"The European Union is the largest importer of fish and seafood products, importing around 25% of globally traded seafood products."

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Statistic 17

"Asia accounts for around 70% of the global fish consumption."

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Statistic 18

"Approximately 10% of the world's population relies on fisheries and aquaculture for their livelihoods."

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Statistic 19

"By 2030, aquaculture is expected to supply over 60% of fish for human consumption."

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Statistic 20

"China is the largest exporter of seafood, accounting for about 12% of the global seafood exports."

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Interpretation

In conclusion, the global seafood industry is a dynamic and multifaceted sector with significant economic importance and environmental challenges. With key statistics indicating substantial market values, growth projections, and geopolitical influences, it is clear that seafood plays a vital role in global trade and food supply. However, issues such as overfishing, climate change, seafood fraud, and reliance on fisheries highlight the need for sustainable practices and effective management strategies to ensure the long-term viability of the industry. As aquaculture continues to expand and reshape the landscape of seafood production, there is a growing opportunity to meet the increasing demand for fish consumption while addressing the complex issues facing marine ecosystems and livelihoods dependent on fisheries.

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