Still in its infancy, the global sea bream market is poised for a healthy growth outlook during the period of projection, 2019 – 2029. With notable growth observed in demand for sea bream from the foodservice industry, global sea bream market would witness nearly 6% CAGR during the forecast period. As consumers continue to seek healthy food products derived from natural and organic resources, demand for sea bream has been on an upward trend over the recent past.
Key Takeaways – Sea Bream Market Study
- Sea bream is a healthy seafood, which matches the growing consumer interests supporting their healthy lifestyle and healthy food consumption.
- Conventional sea bream is also facing lower sales prices, where many manufacturers not even able to recover the production costs.
- The sea bream market has been segmented on the basis of form, where the processed sea bream holds the major share. Over the course of forthcoming years, fresh sea bream segment is expected to show positive growth due to multiple benefits fresh sea breams offer to consumers.
- The end use of sea bream in the foodservice provider segment contributes around 35% share in the overall sea bream market. Sea bream is used in snacks and daily food and is witnessing significant demand.
- The market is also witnessing impetus demand from the food processing, animal feed, and pet food industries, in addition to retail and household sectors.
- Europe and North America are anticipated to dominate the global sea bream in terms of value share in the current scenario.
- Oceania, predominated by Australia, is also generating high demand for sea bream owing to the increasing consumer demand for premium food products, such as organic sea bream and sea bass.
Large number of consumers are gradually looking for healthier and authentic food in their daily diet. A sizeable consumer chunk is gradually shifting towards seafood. Seafood manufacturers are thus emphasizing authentication of their products to meet evolving consumer demand.
Profitable Investment Areas in Market
Manufacturers operating in the sea bream industry are investing more in merger and acquisition activities to upscale their sea bream sales footprint and to serve consumers around the world. Sea bream manufacturers are increasing their supply chain to meet the demand from end users such as food service providers, food processing industry, retail/ household and animal feed, and pet food industry.
Sea bream is witnessing a growing demand in the food and beverage industry. Food and beverage manufacturers are experimenting to find new technologies by advancing their production processes. This increase in demand and technological advances are collectively fueling the growth of sea bream market. The trend will continue through 2029, especially in developing regions. However, Europe remains the largest producer of sea bream in the global market.
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Know More About Sea Bream Market Report
Future Market Insights, in its new offering, provides an unbiased analysis of the global sea bream market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the sea bream market based on the Nature (organic and conventional) product type (black bream, white bream, red bream (red porgy), gilt-head bream, pandora bream and others), end-use (food processing services, food service provider, retail/household, and animal feed and pet food industry), distribution channel (B2B and B2C) and Form (fresh, and processed) across seven major regions.
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