South East Asia Seafood Market

Market Overview:

South East Asia seafood market size is projected to exhibit a growth rate (CAGR) of 6.32% during 2024-2032. The growing usage of balanced diets, along with the escalating demand for protein-rich food products, is primarily driving the market growth across the country.

Seafood encompasses a diverse array of edible aquatic animals that play a prominent role in a wide range of culinary traditions. This category includes a variety of fish species like anchovy, bass, pomfrets, bluefish, carp, cod, flounder, haddock, halibut, herring, mahi-mahi, salmon, sardines, trout, and tuna. Additionally, seafood comprises shellfish and crustaceans such as crabs, crayfish, lobsters, prawns, shrimps, abalone, clams, conch, mussels, octopuses, oysters, scallops, and calamari. Caviar, which consists of roe or unfertilized eggs from the sturgeon family, is also considered a part of this category. Rich in essential nutrients such as iron, zinc, iodine, magnesium, and potassium, seafood is a valuable source of omega-3 fatty acids, as well as vitamins D and B2. These nutrients contribute to preventing conditions like heart diseases, strokes, and arthritis, while also supporting healthy bone growth, enhancing calcium absorption, and boosting the immune system.

South East Asia Seafood Market Trends:

The South East Asia seafood market stands as a vibrant and evolving sector that reflects the region's rich aquatic resources, cultural diversity, and changing consumer preferences. Comprising a vast array of edible marine life, including fishes and shellfish, the market has experienced substantial growth in recent years. Nations such as Thailand, Indonesia, Vietnam, Malaysia, and the Philippines are at the forefront, contributing significantly to the region's seafood consumption. Additionally, the popularity of seafood in the region is deeply rooted in its cultural significance and the tradition of coastal communities relying on the bounty of the seas for sustenance. Additionally, the region's seafood market is influenced by the emerging trends, with a growing demand for sustainably sourced and traceable seafood products. Besides this, government bodies in the region are increasingly focusing on regulations and initiatives to ensure the long-term viability of the seafood industry. Furthermore, the rising awareness of the health benefits associated with seafood consumption, combined with a strong cultural affinity for these products, is expected to fuel the market growth in the coming years.

South East Asia Seafood Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on type, form, and distribution channel.

Type Insights:

• Fish
• Shrimps
• Others
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes fish, shrimps, and others.

Form Insights:

• Fresh/Chilled
• Frozen/Canned
• Processed
   

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes fresh/chilled, frozen/canned, and processed.

Distribution Channel Insights:

• Off Trade
• On Trade
   

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes off trade and on trade.

Country Insights:

• Indonesia
• Thailand
• Singapore
• Philippines
• Vietnam
• Malaysia
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Indonesia, Thailand, Singapore, Philippines, Vietnam, Malaysia, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:

• Thai Union Group PCL
• PT Aneka Tuna Indonesia
• Regal Springs Indonesia
• Seafresh Industry Public Company Limited
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

South East Asia Seafood Market Report Coverage:

Key Questions Answered in This Report:

• How has the South East Asia seafood market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the South East Asia seafood market?
• What is the breakup of the South East Asia seafood market on the basis of type?
• What is the breakup of the South East Asia seafood market on the basis of form?
• What is the breakup of the South East Asia seafood market on the basis of distribution channel?
• What are the various stages in the value chain of the South East Asia seafood market? 
• What are the key driving factors and challenges in the South East Asia seafood?
• What is the structure of the South East Asia seafood market and who are the key players?
• What is the degree of competition in the South East Asia seafood market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South East Asia seafood market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the South East Asia seafood market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South East Asia seafood industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.