Japan’s seafood market trends and status of processed seafood products

Seafood

Japan

Market & Price Trends

Published Dec 4, 2023

Tridge summary

Japan's seafood market is projected to grow steadily to $6.11 billion by 2028, with an average annual growth rate of 1.74% over the next six years. Per capita seafood consumption declined but is expected to increase by an average of 1.23% annually from 2023 to 2028. Supermarkets are the main distribution channel for Japanese consumers when purchasing seafood.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Japan's seafood market size expected to grow slowly but steadily It is predicted to grow to $6.11 billion by 2028. Fishery product consumption per person decreased, but then turned upward again. Among processed seafood products, shrimp, squid, and crab are the most imported in that order. According to market research firm Statista, Japan's total seafood market size as of 2022 is estimated to be approximately $5.5 billion. The size of the Japanese seafood market has grown at an average annual rate of 1.56% over the past four years (2019-2022), and is expected to maintain an average annual growth rate of 1.74% for the next six years (2023-2028), showing a steady, albeit slow, upward trend. Accordingly, the market is expected to exceed $6 billion for the first time in 2027 and grow to $6.11 billion in 2028. In 2022, per capita seafood consumption in Japan was calculated to be approximately 28.4 kg. It decreased by an average of 0.48% per year over the four years (2019-2022) from ...

Source: Fisheco