Below are some of the key findings from the squid market research report

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Global squid industry overview

A key factor driving the growth of the global squid market is the high nutritional benefits. Squid is seafood that has high vitamin and mineral content and healthy fats. Healthy eating trends and growing health awareness are increasing the demand for fish and seafood such as squid. The global demand for squid has increased due to its high nutritional content, including trace minerals, high Omega 3 content, and high health awareness. A 3-oz serving of squid can provide more than 10% daily value (DV) of essential nutrients required for an average adult. Uncooked plain squid is also low on calories and fat. Sushi squid, without any additives, has a mere 26 calories per ounce, and less than half a gram of fat. Therefore, with such health benefits, the market for squid is expected to have a positive outlook during the forecast period.

The demand for squids has increased the number of fishermen involved in overfishing and unsustainable fishing. Dynamite fishing, bottom trawling, electro-fishing, and fishing with poisons are examples of unsustainable fishing practices. These practices destruct the natural habitat and threaten the environment in which these sea creatures need to thrive. Thus, squid manufacturers and vendors are gradually putting efforts to follow a sustainable aquaculture practice.  The global squid market is witnessing growing consolidation activities, with many M&A in the seafood market. Most M&A transactions are driven by a focus on factors such as diversity in product portfolio, penetration in new markets, high market share, strong brand /image, and improved control over the supply chain. Also, vendors participating in M&A try to improve their product innovation, supply chain efficiency, and growth through the acquisition of new product lines, flavors, and diversified operations to newer markets and sectors. Thus, with such initiatives, the global market for squid is expected to post a CAGR of over 3% during the forecast period.

Top squid companies covered in this market research report

The squid market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this squid industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• GRUPO NUEVA PESCANOVA
• Maruha Nichiro
• NISSUI
• OCEANA GROUP
• Thai Union Group

Squid market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of this market throughout the forecast period. Owing to the increasing preferences for seafood in various Asian economies including China, Japan, and South Korea, the region is likely to continue dominating the market in the upcoming years.

Squid market segmentation based on product

• Processed
• Fresh

The processed squid segment account for the highest growth in the market owing to the increasing popularity of ready-to-eat and ready-to-serve squids. Additionally, the report also provides an accurate prediction of the contribution of the various products segments to the growth of the squid market size.

Key highlights of the global squid market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the squid market during the next five years
• Precise estimation of the global squid market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the squid industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of squid companies

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