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The global fish and seafood market is driven by the increasing demand for fish and seafood. Fish and seafood refer to any form of sea life used for human consumption. The fish and seafood market based on type is divided into molluscs, crustaceans, and fishes, among others. Consumption of fish and seafood has several health benefits like providing essential fatty acids to help reduce the risk of cardiovascular diseases and contributing to brain and vision development. Growing awareness regarding fish and seafood health benefits is further aiding the growth of the industry.
In 2019, Mowi, one of the leading companies in fish and seafood market, recently announced that it plans to lower its fish farms far below the sea surface, uniting technology from the Norwegian aquaculture, subsea and offshore industries. For the realisation of "AquaStorm" concept, the company has applied for 36 development licences. The installations for AquaStorm will be situated 15m below the sea surface, which can be exceeded to 50m if the weather requires. These installations will be connected to an offshore control centre, which will remotely feed the fish and control the air, light, power, and signals.
Market Breakup by Types, Products, and Region:
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High Liner Foods Incorporated, Leroy Seafood Group, Lyons Seafoods Limited, Mowi ASA, Tassal, Maruha Nichiro Seafoods Inc, Thai Union Group PCL., Trident Seafoods Corporation, Pacific Seafood, and Austevoll Seafood ASA are the key players in the global fish and seafood market as identified by EMR. The comprehensive report investigates their market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions.
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