Food and Beverage Industry Sustainable Seafood Market

Global Sustainable Seafood Market to
Surpass US$ 18.63 Billion by 2025
Global Sustainable Seafood market was valued at US$ 12.71 billion in 2017 and is
expected to reach US$ 18.63 billion by 2025, witnessing a CAGR of 4.97% over the
forecast period (2018 – 2025), according to Sustainable Seafood Market Report, by
Product Type (Bivalves and other molluscs and aquatic invertebrates, Cephalopods,
Crustaceans, Flatfish, Freshwater fish, Groundfish, Salmonids, Small pelagics, Tuna and
tuna-like species and Others), by Form (Chilled, Frozen, Canned and Others), and by
Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Specialty
Stores, Online and Others). Organizations such as Greenpeace, World Wildlife Fund
(WWF), Sustainable Fisheries Partnership, National Oceanic and Atmospheric
Administration, Marine Stewardship Council and others have focused on creating
awareness towards sustainable seafood. For instance, the Marine Stewardship Council,
an international non-profit organization focuses on creating sustainable fishing practices
through their fishery certification programs and labelling.
Product labelling has also become an important factor in raising consumer awareness
towards sustainable seafood, which is playing a key role in driving market growth. Sea
food products are being displayed with different labels and certifications enabling
consumers to make informed choices while buying a seafood from a retail outlet. For
instance, the MSC label indicates that the seafood has been sustainably sourced without
impacting the marine ecosystem. Similarly, the Dolphin Safe label indicates that the
seafood is sourced without harming the dolphins while the Global Aquaculture Alliance
Label used on farmed fish indicates that less chemicals have been used with minimal
impact on surrounding areas. Several companies such as Whole Foods, Iglo Group, Asda
uses different kinds of labels to promote its sustainable seafood products. For instance,
Iglo Group, involved in marketing frozen food, started selling products with Marine
Stewardship Council’s (MSC) blue eco-label on its certified wild fish products across the
European market in 2015.
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