Global Seafood Testing Market – Industry Trends and Forecast to 2029

Seafood Testing Market Analysis and Size

Food and beverage companies have made every effort to capitalize on the opportunity as the world becomes fitter and healthier. The demand for seafood is rising day-by-day because of the shift of the food habits and choices of consumers. The rising production with the constant export of the seafood in the developing countries, and awareness regarding the nutritional qualities offered by the seafood for maintaining good health are some factors that are driving the growth of the market during the forecast period and market participants have seen tremendous growth in this area.

Data Bridge Market Research analyses that the seafood testing market was valued at USD 1650 million in 2021 and is expected to reach the value of USD 2346.47 million by 2029, at a CAGR of 4.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Seafood Testing Market Scope and Segmentation

Market Definition

The rising pollution in the waterways can cause contamination in the seafood. These contaminants are hazardous, can create high risks for human health, and cause food poisoning during consumption. The seafood testing services are important as it prevent the toxic seafood from reaching the market. These types of tests analyse the quality of the seafood product and the content of the nutritional value present in it.

Global Seafood Testing Market Dynamics

Drivers

• Rising demand for Seafood

The rise in demands for the seafood for consumption has been increased across the globe and can be considered as the primary factor of growth for the market. The increased use of seafood because of its beneficiary and nutritional qualities and the rise in the export of seafood to the developing economies has resulted in a significant increase in consumption. A large number of people of all ages are shifting toward a healthy lifestyle with a healthy diet, which is fuelling the growth of the seafood testing market.

• Increased awareness regarding the maintenance of health  

The pattern of fitness activities has been driven due to pandemic. People are increasingly consuming nutritional products rich in protein, fibre and calcium which is fuelling market growth. Furthermore, the trend of being fit and slim for women and slender and muscular for men is becoming sociocultural, influencing people to maintain health parameters which is fuelling the growth of the seafood testing market.

Opportunities

• Growing demand for seafood

Increased seafood consumption across the globe has generated lucrative opportunities for the market's growth. It offers various trends to the consumers for consumption and allows variations in the nutritional contents of the products supplied in variety of types such as cans and frozen items thereby creating various opportunities for the end-user industries for driving the growth of the market.

Restraints

The rise in the price of the seafood such as salmon, shrimps, squids and scallops will act as major restraints on the growth of the seafood testing market in the forecast period.

This seafood testing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the seafood testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• Scarlets has happily announced its partnership with iPRO in February 2022. The partnership will look into iPRO supplying their healthy isotonic iPRO Sport Edition product line to women, age-grade, and senior teams, as well as recyclable hardware to reduce the use of single-use plastic water bottles.
• November 2021- Coca-Cola has announced a landmark acquisition that will significantly expand the beverage giant's presence in the sports drink market. The company announced the purchase of the remaining 85 percent stake in BodyArmor for USD5.6 billion. It is the largest acquisition in the company's history. Coca-Cola purchased a 15% stake in the company in 2018.

Global Seafood Testing Market Scope

The seafood testing market is segmented on the basis of seafood, product type, testing and applications. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type of Seafood

• Fishes
• Crustaceans
• Molluscs
• Others

Product type

• Canned
• Frozen
• Chilled and Fresh
• Other Sea Food

Testing

• Microbiological Detection
• Physical and Chemical Detection
• Others

Application

• Government
• Commercial
• Others

Seafood Testing Market Regional Analysis/Insights

The seafood testing market is analysed and market size insights and trends are provided by seafood, product type, testing and applications as referenced above.

The countries covered in the seafood testing market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the seafood testing market because of the rising and the largest production of fishes in the region. Moreover, the rising production, consumption and export of the seafood in the developing countries are also the factors driving the growth of the market within the region during the forecast period.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Seafood Testing Market Share Analysis

The seafood testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to seafood testing market.

Some of the major players operating in the seafood testing market are:

• GRUPO NUEVA PESCANOVA (Spain)
• Thai Union Group PCL. (Thailand)
• Abba Seafood AB (Sweden)
• John West (U.K.)
• Cuu Long Fish Joint Stock Company (Vietnam)
• Royal Greenland (Greenland)
• Mowi (Norway)
• Rich Products Corporation (U.S.)
• MARKFOODS, INC. (U.S.)
• Inland Seafood Inc. (U.S.)
• Nissui (Japan)
• Skretting (Norway)
• Dongwon Group (South Korea)
• Maruha Nichiro Corporation (Japan)
• Austevoll Seafood (Norway)
• Trident Seafoods Corporation. (U.S.)
• Cargill, Incorporated. (U.S.)

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