Key Trends and Analysis of the Sustainable Seafood Market : �
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In terms of distribution channel , hypermarkets and supermarket segment held dominant position as the leading retail outlets in terms of value selling sustainable sea food in 2017 . Some of the leading retailers stocking sustainable seafood includes Walmart , Waitrose , Lidl , Aldi , Tesco , M & S and others who have committed to 100 % sustainable sourcing of seafood in the next few years . In 2017 , across British retail chains , it has been estimated that around 79 % of sea food range of ALDI are MSC certified , followed by Sanisburry ’ s with 76 % and Lidl with 72 %. In 2016 , M & S committed to ensuring that all fishing vessels supplying to M & S to be Responsible Fishing Scheme ( RFS ) certified by 2021 .
Retailers such as ALDI , Walmart , Costco , Sainsbury ’ s , Lidl , Wholefoods , and Waitrose are some of the leading retailers who have been working in tandem with different organizations to ensure sustainable sourcing of seafood . For instance , Carrefour have been focusing on sustainable sourcing and consumption of seafood by withdrawing the sale of endangered species such as emperor , black scabbard and shark , creating provision for tackling illegal fishing and with plans to ensure half of all fish purchased through its stores are farmed using sustainable methods by 2020 . Sainsbury ’ s was one of the leading retailers having over 226 MSC certified stocks during the first quarter of 2017 while Tesco , another leading retailer added nearly MSC certified products in 2016 . Owing to increasing trend of sustainable seafood products , several private label players have introduced sustainable seafood , in turn fueling the growth of the market . For instance , in 2015 , Lidl introduced the frozen lobster at around US $ 6.5 through sustainable sourcing . Similarly , Carrefour also introduced private label tuna products in 2015 , in line fulfilling the requirement for necessary sustainable compliances .
To know the latest trends and insights prevalent in this market , click the link below :
https :// www . coherentmarketinsights . com / market-insight / sustainable-seafood-market- 1668
Browse 350 pages , 100 market data tables * and 60 figures * on " Sustainable Seafood Market ” - Global forecast to 2025 .
Key Takeaways of the Market : �
According to Coherent Market Insights study , Europe holds leading position in market for sustainable seafood , owing to increasing demand for seafood in the region . Some of the key leading markets for seafood in Europe are UK , France , Italy , Germany and Spain . According to the EU , in 2016 , the household expenditure on fisheries and aquaculture products reached over US $ 64 billion , an increase of over 1.5 % than the previous year , with countries such as Spain , Italy , France and Germany witnessing growth of 3 %, 1.4 %, 2.3 % and 2.7 % respectively . With consumers increasing gaining awareness , retailers especially in Northern and Western Europe are stocking more of sustainable sea food . As a result , many retailers operating across the European market have partnered with the MSC or