Technavio Announces Top Five Vendors in the Global Fish and Seafood Market Until 2020

LONDON--()--Technavio has announced the top five leading vendors for the global fish and seafood market in their latest research report. This report also lists 14 other prominent vendors who are expected to contribute to this market’s growth over the forecast period.

To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, the report considers the revenue generated from retail sales of fish and seafood.

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“Key findings of this market study predict the global fish and seafood market to reach over USD 258 billion in 2020. In 2015, APAC dominated the market with a share of 40.01%. During the same period, China emerged as the leading seafood consuming country accounting for a market share of over 10%, and this trend is likely to continue over the forecast period. Vendors will look to capitalize on the growth prospects of this market by selling processed and frozen seafood products using various e-commerce platforms during the forecast period,” said Vijay Sarathi, one of Technavio’s lead analysts for food and beverage research.

Five leading vendors in the global fish and seafood market:

High Liner Foods

The company's headquarters are in Lunenburg, Nova Scotia, Canada and was founded in 1899. They are a key retailer and manufacturer of seafood in North America, with processing being their core activity. They distributes their products through channels such as retail, food services, and club stores. The company operates through five manufacturing plants, four in the US and one in Canada. The four US plants are in New Bedford, Massachusetts; Malden, Massachusetts; Newport News, Virginia; and Portsmouth, New Hampshire.

The company supplies private labels in seafood products in the North America market and sells its products in the US, Canada, and Mexico under the brand names Fisher Boy, Sea Cuisine, C. Wirthy, and High Liner. The company also offers branded products under the labels Samband of Iceland, American Pride Seafood, Mirabel, FPI, and Viking. Food service distributors and food retailers are some of the end users of the company’s private label seafood products.

Iglo group

Iglo Group, formerly known as Birds Eye, was founded in 2006 and is headquartered in Feltham, UK. The company manufactures, markets, and distributes branded frozen food products such as frozen vegetables, desserts, poultry products, and seafood in Central and Eastern Europe.

They are one of the leading vendors of branded frozen food in Central and Eastern European countries, including the UK, Ireland, Italy, and Germany. In November 2006, they were acquired by Permira Holdings (a European private equity firm). The company's products are marketed under the brand names Birds Eye, Findus, and Iglo.

Lerøy

Lerøy Seafood Group was established in 1899 and is headquartered in Bergen, Norway. The company manufactures and markets a wide range of frozen and seafood products. They market a range of more than 2,500 products in more than 70 countries worldwide. Its key products include salmon, fjord trout, cod, saithe, mackerel, herring, and shellfish.

The company offers its products in seven segments: whole salmon, processed salmon, trout, whitefish, shellfish, pelagic, and others. Their R&D division focuses on innovating new products and maintaining high standards for its existing products. As of December 2013, the company had 2,306 employees worldwide.

Marine Harvest

Marine Harvest was established in 1965 and is headquartered in Bergen, Norway. The company produces and markets farmed seafood products worldwide. They are the world's largest producer of farmed salmon, processed salmon, and other processed seafood which are marketed all over the globe.

The company's R&D division focuses on improving its existing product portfolio. As of December 2014, the company employed 11,715 people worldwide. The company operates through five geographical segments: Europe, the US, APAC, Norway, and ROW.

Some of the major subsidiaries of the company are Amanda Foods Vietnam, Aquamerica International Holdings, Belisco Ehf, Brookside Products, Cod and Shellfish (Scotland), Ducktrap River of Maine, Englewood Packing, Heogland Salmon, Hoganess Salmon, Solimer, Jøkelsmolt, Lakeland Cairndow, Lakeland Smolt, Lakeland Unst, Marine Farm Technology, Marine Farms, and Marine Harvest Appéti’Marine.

Thai Union Frozen Products

Thai Union Frozen Products was established in 1988 and is headquartered in Samut Sakhon, Thailand. The company manufactures and markets frozen and canned seafood products internationally. It is the first company from Thailand to become a member of the Dow Jones Sustainability Emerging Markets Index. Some of the well-known brands of the company are John West, Petit Navire, Hyacinthe Parmentier, Mareblu, and Chicken of the Sea.

Some of the subsidiaries of the company include, Songkla Canning, Thai Union Graphic, Thai Union Manufacturing, and Thai Union Seafood. As of December 2013, the company had 10,789 employees worldwide.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

Technavio has announced the top five leading vendors for the global fish and seafood market in their latest research report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com