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  • 29-31 October 2019
  • Dubai World Trade Centre

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  •   29-31 October 2019
  •   Dubai World Trade Centre

Co-located with

Co-located with

yummex    GFM       Private Label & Licensing Middle East

Market trends

Market trends

​​​​How big is the global processed seafood market?

Growing by an average annual rate of 3.5% and will reach 250 billion USD by year 2023

Middle East seafood industry reels in $2.7 billion a year and a CAGR of 10.7% is expected between 2017-2022. 

Sustainable sourcing has increasingly become a necessity for brands, which has influenced them to place a greater focus on sustainable seafood.

Mindful consumption: Sustainable fishing, fish farming and animal welfare will continue to gain importance in the eye of the consumer as they continue to actively seek information about what they are purchasing. 
Regions such as Western Europe and Australasia can be seen moving from processed to fresh seafood due to the healthy living mega trend. 
 
  • Consumers who appreciate a superior flavour and quality and are adopting the “less but better” approach and are willing to spend more when they purchase animal protein
  • Organic and premium fish and seafood are expected to perform well over the forecast period
  • Premium fish volume growth is expected to outperform premium types of molluscs as well as cephalopods and crustaceans, owing to the limited availability and cultural familiarity around such seafood

*Market trends courtesy of: 

SEAFEX seafood aquaculture
           

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