Global Seafood Market Growth Drivers & Barriers

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Global Seafood Market Dynamics (Growth Drivers
Barriers)
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High Importance (Dominance) Growing disposable incomes in emerging markets Stagnant to moderate growth in Europe Growing Population 7 billion mouths to feed Rapid aging of the global population Rising levels of sea pollution Rising oil prices Increasing sophistication of food culture Growing influence of NGOs Increasing desire for convenience Increasing scope of fishing regulations Rising consumer awareness about healthy nutrition Depleting wild fish stocks Growing development of aquaculture technologies Growing exports of cheaper farmed fish from emerging markets
Medium Importance Continuing negative attitudes towards fish preparation Growth of climate change impacts and extreme weather Growing consolidation of the global seafood industry Growth of fast casual foodservice Growth of high-end and premium seafood Growing resurgence of from scratch cooking Growing demand for traceability and transparency Growing concern about the negative environmental impact of consumption Development of marine biotechnology Development of unconventional protein sources
Low Importance New retail models combining foodservice Growing interest in 'mood food Continuing challenge of cold chain distribution from Ireland Rise of quantified self and data driven diets
Low Uncertainty Medium Uncertainty High Uncertainty
Important drivers that are more certain to happen
Important drivers that are less certain to happen
Keys
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• Regional cooperation and current challenges
• Regional cooperation has the potential to
  increase efficiency in terms of knowledge sharing
  and the capacity to adopt science-based
  management measures promote scientific research
  provide technical and financial support, as well
  as transfer knowledge and technology and avoid
  duplication of costs, and make efforts more
  cost-effective.
• Cooperative partnerships, coordination and
  synergies should become a central tenet for all
  regional fishery management and environmental
  conservation mechanisms. Mindful of their
  respective mandates, this goal should also be
  pursued among RFBs, as well as with UN Agencies,
  intergovernmental organizations, multilateral
  environmental agreements, NGOs, large marine
  ecosystem programmes, and long-running field
  programmes (e.g. the Nansen Programme).
• Unreported fishing could be recast as
  nonreporting of all information related to the
  fishing activity. This term would refer to, and
  be restricted to, activities that are not
  fishing sensu stricto but that are distinct yet
  associated to fishing and can occur during or
  after the act of fishing. It includes
  non-reporting, misreporting or under-reporting in
  contravention of laws and RFMO conservation and
  management measures (illegal) and reporting that
  is not required by law or an RFMO conservation
  and management (unregulated) but is advisable.

Total Number of Conventional Stores (Thousand),
2012 - 2017

• Impact Analysis-
• Especially today, it is crucial that grocery
  store managers understand exactly what their
  customers need - and then provide exactly what
  their customers need. Grocery stores in
  particular feel the burn of competition because
  there are so many stores that are similar that it
  is incredibly easy for a customer to walk in, not
  find what they want, and then walk right back out
  and into the doors of another similar store that
  has that one extra item that the other store did
  not.
• Grocery stores typically have lower profit
  margins than other stores, so it is even more
  important that they are constantly on top of ways
  to run their operation cleanly and efficiently.
  Labor costs are one of the only costs that a
  retailer can control, and so a grocery store
  should be on that like white on rice.

Source Goldstein Research
Impact on Global Seafood Market
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