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Market trends

​​​​The Global Processed Meat and Seafood market

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

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Did-you-know

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Taste trends

Icon---shrimpConsumers 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

Icon---fishOrganic and premium fish and seafood are expected to perform well over the forecast period
 

Icon---lobsterPremium 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

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

Source: 
Euromonitor

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