{"id":2098,"date":"2021-09-09T06:27:33","date_gmt":"2021-09-08T23:27:33","guid":{"rendered":"https:\/\/cfishery.com\/?p=2098"},"modified":"2022-05-14T09:45:00","modified_gmt":"2022-05-14T02:45:00","slug":"support-the-world-for-increasing-consumption-of-seafood","status":"publish","type":"post","link":"https:\/\/cfishery.com\/id\/support-the-world-for-increasing-consumption-of-seafood\/","title":{"rendered":"Support the World for Increasing Consumption of Seafood"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Did you know? Amidst the pandemic, global consumption of seafood started to surge and the demand for fishery products still growing exponentially. Recent \u2018Seafood &#8211; Global Market Trajectory &amp; Analytics\u2019 report released on ResearchAndMarkets.com showed that the global market for fishery products reached a total of US$113.2 Billion in 2020 and will continue to rise by the end of 2027.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the contrary,\u00a0 the number of people working in the fishery sector of Indonesia had decreased by 9.5%, from 2.64 million to 2.39 million workers in 2020. This issue needs to be addressed well since Indonesia cannot remain the major player in seafood exports if this issue persists.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Besides that, the percentage of consumption of seafood<\/span> <span style=\"font-weight: 400;\">in Indonesia is still behind other Asia-Pacific countries, with an average of 60 kilograms of fishery products consumed per person. If we compare this number with a country like Japan that has an average of 140 kilograms of products consumed per person, this number is still lower and needs to be boosted.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hence, it is important for exporters and importers of Indonesian fishery products to learn more about the estimated potential growth and the best way to realize it. What are they? Read below for more!<\/span><\/p>\n<h4><b>The Estimated Growth on Consumption of Seafood Globally<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Based on the data populated from the \u2018Seafood &#8211; Global Market Trajectory &amp; Analytics\u2019 report, we found some interesting insights that you might need to know in order to grow your seafood business, including:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Tuna become one of the fastest-growing product<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The data shows that consumption of seafood<\/span> <span style=\"font-weight: 400;\">for tuna commodity has an average of 2.8% CAGR (Compound Annual Growth Rate), which means the rate of return that would be required for an investment to grow for the tuna segment for the USA, Canada, Japan, China, and Europe has a promising future. In total, these regions have a market size of\u00a0 US$7.9 Billion in 2020 and are forecasted to grow up to US$9.5 Billion by the close of the analysis period of 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, China will remain to become the fastest-growing market for tuna products, followed by India, South Korea, and Australia as the potential market that will reach\u00a0 US$41.2 Billion by end of 2027. Meanwhile, the tuna market in Latin America also grew by 2.4% CAGR through 2020.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>The US seafood market size is estimated at US$6.3 billion<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As one of the top fishery product importers from Indonesia, the United States\u2019 consumption of seafood<\/span> <span style=\"font-weight: 400;\">is expected to grow by US$53.5 Billion by the end of 2027, with an average CAGR of 3.7% over the analysis period of 2020 to 2027.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the seafood market for Japan and Canada is also forecasted to grow 1.3% and 2.1% respectively through the 2020-2027 period. In Europe, Germany is forecasted to have an average of 1.6% CAGR. This is a huge opportunity for seafood wholesalers, manufacturers, and distributors to expand their market in this region.<\/span><\/p>\n<h2><b>How to Increase World Consumption of Seafood<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In order to boost the average rate of consumption of seafood<\/span> <span style=\"font-weight: 400;\">realize the market potential mentioned in the previous insight, you need to implement several strategies that will draw the attention of everyone , not only seafood enthusiasts. Some of the strategies are as follows:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Collaborate with local NGOs<\/b><span style=\"font-weight: 400;\">, by promoting a healthy diet with seafood in countries with low <\/span><b>consumption of seafood <\/b><span style=\"font-weight: 400;\">like Indonesia and Mozambique.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Highlight the benefits of seafood<\/b><span style=\"font-weight: 400;\">, by creating an integrated campaign that will reach a wider audience to know the impact of consumption of seafood regularly.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Diversify your fishery products<\/b><span style=\"font-weight: 400;\">, with high-quality products like <\/span><a href=\"https:\/\/cfishery.com\/black-tiger-prawn\/\"><span style=\"font-weight: 400;\">Udang Windu<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/cfishery.com\/demersal\/\"><span style=\"font-weight: 400;\">Demersal fish<\/span><\/a><span style=\"font-weight: 400;\">, or <\/span><a href=\"https:\/\/cfishery.com\/pelagic\/\"><span style=\"font-weight: 400;\">Pelagic fish<\/span><\/a><span style=\"font-weight: 400;\">, that will boost the interest of common people to love seafood even more.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you are currently looking for a reliable partner to support your seafood business, C-Fishery also provides various selections of premium-grade seafood from Indonesia. We can bring the goodness of fresh seafood perfectly curated for your businesses.<\/span><\/p>\n<p><a href=\"https:\/\/cfishery.com\/contact-us\/\"><span style=\"font-weight: 400;\">Contact us<\/span><\/a><span style=\"font-weight: 400;\"> today to get the latest information on our seafood product! (Yustika)<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Did you know? Amidst the pandemic, global consumption of seafood started to surge and the demand for fishery products still growing exponentially. Recent \u2018Seafood &#8211; Global Market Trajectory &amp; Analytics\u2019 report released on ResearchAndMarkets.com showed that the global market for fishery products reached a total of US$113.2 Billion in 2020 and will continue to rise&#8230;<\/p>","protected":false},"author":9,"featured_media":2099,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"categories":[5],"tags":[6],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Support the World for Increasing Consumption of Seafood - C-Fishery<\/title>\n<meta name=\"description\" content=\"Support the World for Increasing Consumption of Seafood. 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