World revenue from fishery products is expected to grow by 8.4% and exceed $676 billion.

Worldwide revenue from fish sales is expected to increase by 8.4% to $676.2 billion. The major players in the market are China, the United States, India, Indonesia, and Japan. Consumption of fish products will continue to rise, especially in high-income countries. The popularity of alternative fish products is growing, along with a preference for locally sourced goods.

2 March 2024

The global revenue from the sale of fish and seafood this year will increase by 8.4% from the 2023 level to $676.2 billion.

The main share of trade in this market is accounted for by China - $97 billion, a similar volume is also exported by the United States, India, Indonesia, and Japan. Overall, according to analysts' forecasts, the volume of the fish and seafood market will increase by 6.54% annually in natural terms and is expected to reach 42.8 billion kilograms by 2028.

Experts also predict that global consumption of this type of product will increase over the next decade, especially in countries with high and medium levels of income. On average, according to their estimates, it will be approximately five kilograms per capita worldwide.

In addition, specialists have identified several trends in the industry that exporters should pay attention to. For example, the popularity of alternative plant-based fish products is growing. Consumers also prefer the convenience of preparing fish and seafood products and most often choose local products.

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World revenue from fishery products is expected to grow by 8.4% and exceed $676 billion.

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