News

Trends in Taiwan's seaweed and processed seafood market

Frozen Seaweed
Seafood
Taiwan
Market & Price Trends
Published Dec 25, 2023

Tridge summary

The processed seafood market is expected to grow at an average annual rate of 4.5% to reach $1.5 billion by 2028, with China having the largest import volume. Taiwan's total seafood market size is approximately $3.28 billion as of 2022, with the processed seafood market showing greater growth than the entire seafood market over the past four years. Taiwanese consumers have a positive perception of assorted seaweed, with a majority agreeing that it is a healthy and high-quality food ingredient, and that it will help with weight loss.
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

Processed seafood market share continues to expand Expected to grow at an average annual rate of 4.5% to reach $1.5 billion by 2028 The country with the largest import volume is China... In Korea, it is around 1.8%. Abalone, shrimp, and scallops are the most imported processed seafood products, in that order. According to market research company Statista, as of 2022, Taiwan's total seafood market size is approximately $3.28 billion. The size of Taiwan's seafood market has grown at an average annual rate of 6.31% over the past four years (2019-2022), and is expected to maintain an average annual growth rate of 3.89% for the next six years (2023-2028), showing a steady rise even if the speed decreases. It is expected to exceed $4 billion for the first time in 2027 and grow to $4.26 billion. Taiwan's processed seafood market size was estimated at $930 million in 2019. Over the past four years (2019-2022), it has grown at an average annual rate of 7.02%, surpassing the $1 billion ...
Source: Fisheco
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