South Korea: Alternative marine products, consider ‘consumer resistance’ and ‘chasm’

Published 2024년 1월 22일

Tridge summary

The ‘2024 Ocean and Fisheries Outlook’ reported a positive outlook for coastal fishing production, but overall fishery resources are decreasing globally due to overfishing, marine pollution, and poor management. As the demand for marine products continues to increase, alternative marine products are being developed to address the limitations of current seafood production. However, consumer resistance and the potential ‘chasm’ in market adoption are challenges that must be overcome in order for alternative marine products to become a successful growth engine for the future.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On January 11th, the ‘2024 Ocean and Fisheries Outlook’ was held as usual. The biggest concern in the fisheries sector every year is the production by fishery, but this year it is somewhat positive. This is because coastal fishing production is expected to increase by 1.3%, sponge aquaculture by 2.5%, and deep-sea fishing by 0.2% compared to the previous year. However, the total amount is less than 3.8 million tons. The production of coastal fisheries, an important source of food for our people, still remains at the level of 900,000 tons. Accordingly, some say, “We can import the seafood that is in short supply.” However, this is also not possible. Globally, fishery resources are continuously decreasing due to overfishing, marine pollution, and poor management, and the policy of protecting fisheries resources in countries around the world is being strengthened every year. On the demand side, the proportion of marine products as a protein source is increasing. According to FAO’s ...
Source: Fisheco

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