Japan Seafood Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 2.08% from 2023 to 2033 
• The Japan Seafood Market Size is Expected to Hold a Significant Share by 2033

The Japan Seafood Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 2.08% from 2023 to 2033.

Market Overview

Any type of marine life that is eaten by humans is considered seafood. It consists of a variety of crabs, echinoderms, fish, and shellfish. It is frequently cooked as a tasty and nourishing meal. Additionally, food originating from any type of marine life, particularly fish and shellfish, is referred to in culinary circles as seafood. Several mollusk species are classified as shellfish. Since seafood contains omega-3 fatty acids, eating seafood enhances mental clarity and recall. Additionally, after exercise, omega-3 fatty acids assist lessen inflammation. In addition to being a good source of fat-soluble vitamins D and A, fattier fish also contains the fat necessary for the body to absorb these vital nutrients. Additionally, fish and shellfish are the two primary categories into which seafood can be generally divided. Fish are aquatic animals that have fins and gills and are frequently eaten as food. In contrast, shellfish comprise a variety of mollusk species, including clams, oysters, and mussels; crustaceans, including shrimp, crabs, and lobster; and echinoderms, including sea cucumbers and sea urchins.

Report Coverage

This research report categorizes the market for the Japan seafood market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan seafood market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan seafood market.

Driving Factors

Seafood has an abundance of health advantages. Seafood is a great source of protein and is high in Omega-3 fatty acids. According to studies, eating fish two or three times a week lowers chance of dying from any cause by 17%. Six ounces of seafood should be consumed each week to boost general health. Additionally, the Japanese government revised its national aquaculture policy with an emphasis on increasing seafood exports and the productivity of specific industries like shellfish and algae. Furthermore, Japan has an extended tradition of being a major player in the manufacturing, trade, and consumption of fish and seafood items. It has also established distinctive customs and values related to fishing.  

Restraining Factors

The intake of plant-based foods has increased as a result of the rise in veganism. Due to this issue, producers of well-established fish markets are able to concentrate more on introducing plant-based meat products, which is reducing their market share.

Market Segmentation

The Japan seafood market share is classified into type and distribution channel.

• The fish segment is expected to hold the largest market share through the forecast period.   

The Japan seafood market is segmented by type into fish, crustaceans, mollusca, and others. Among these, the fish segment is expected to hold the largest market share through the forecast period. As a superior meat option over fowl, fish and seafood-based products are low in calories, high in protein, and include essential vitamins and essential fatty acids including omega-3.  

• The supermarkets/hypermarkets segment is expected to dominate the Japan seafood market during the forecast period.       

Based on the distribution channel, the Japan seafood market is divided into supermarkets/hypermarkets, convenience stores & specialty stores, online sales channels, and others. Among these, the supermarkets/hypermarkets segment is expected to dominate the Japan seafood market during the forecast period. Supermarkets are also thought to be a handy place to buy either frozen or fresh seafood since they make it easy to preserve or freeze, which helps to maintain the nutritional value of the product.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan seafood market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Maruha Nichiro Corporation
• Nippon Suisan Kaisha, Ltd. (Nissui)
• Kyokuyo Co., Ltd.
• Mitsubishi Corporation
• Mitsui & Co., Ltd.
• Yamasa Corporation
• Ajinomoto Co., Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2023, to develop and market seafood items grown in cells, Maruha Nichiro Corporation and UMAMI Bioworks have entered into a collaborative agreement. The partnership will concentrate on developing cell-cultivated seafood technologies more quickly.

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Seafood Market based on the below-mentioned segments:

Japan Seafood Market, By Type

• Fish
• Crustaceans
• Mollusca
• Others

Japan Seafood Market, By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores & Specialty Stores
• Online Sales Channel
• Others