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Seafood Market projected to reach US$ 198,854.86 million and expected to grow at a CAGR of 2.9% during the forecast period 2021-2027
iCrowd Newswire
30 Apr 2021, 01:55 GMT+10
The seafood market was valued at US$ 158,910.17 million in 2019 and is projected to reach US$ 198,854.86 million by 2027; it is expected to grow at a CAGR of 2.9% during the forecast period.
As per the Food and Drug Administration, seafood encompasses all commercially obtained saltwater and freshwater fish, molluscan shellfish, and crustaceans. The demand for seafood is anticipated to witness a dramatic growth across the globe owing to its health benefits. Seafood provides numerous health benefits to consumers which drives seafood consumption among consumers. Rise in health consciousness among consumer s further helps in market expansion. Seafood is a high-protein food, which is low in calories, total fat, and saturated fat. It consists of adequate amount of the essential amino acids to ensure healthy growth