JAPAN SEAFOOD MARKET

INTRODUCTION

 Seafood is a major component of Japanese cuisine, and Japan is well known for its rich seafood culture. A wide range of seafood options are made possible by the nation's long coastline and its cultural appreciation of high-quality, fresh ingredients. Many kinds of crab, including hairy crab and snow crab , are used in Japanese cuisine.  

Seafood's inherent flavours are highly valued in Japanese cooking traditions, and various cooking methods—such as raw preparations, grilling, and simmering—are used to bring out the freshness and excellence of the ingredients. Japan's famous seafood markets, like Tokyo's Tsukiji Market, are known for offering a huge assortment of seasonal and fresh seafood.

JAPAN SEAFOOD MARKET SIZE AND FORECAST

The Japan seafood market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

JAPAN SEAFOOD MARKETRECENT DEVELOPMENT

Japan is making a lot of effort to improve the amount of seafood it exports to Southeast Asia, where it intends to take advantage of the governments' "positive" outlooks to lessen the impact of a complete ban imposed by Hong Kong and mainland China following the leak of treated wastewater from the demolished Fukushima nuclear power plant.

In an attempt to combat the bad press that followed China's ban, Japan intends to actively promote its seafood exports through food fairs and exhibitions in Southeast Asia. 

However, given that customers are still dubious about the safety of Japanese seafood, it might not be an easy sell.To increase awareness of and interest in its seafood, Japan plans to host a "increasing number" of food fairs and exhibitions in its target markets.

China's trade restrictions and eventual ban had a severe negative impact on the seafood industry in Japan. It has been reported that Beijing had halted Japanese seafood shipments for weeks prior to the Fukushima plant releasing its treated wastewater.

JAPAN SEAFOOD MARKETRECENT PARTNERSHIP

The largest seafood company in Japan, Maruha Nichiro, and UMAMI Bioworks, a company that cultivates seafood, have announced a business alliance. Together, the businesses hope to develop the framework for Japan's farmed fish sector.

Maruha Nichiro will invest in UMAMI Bioworks as part of the partnership, giving him access to their cell cultivation technology for growing and marketing farmed seafood. A multifaceted effort to grow UMAMI Bioworks' approach is also part of the relationship.

JAPAN SEAFOOD MARKETMARKET DYNAMICS

Japan is among the top seafood consumers in the world. One of the biggest markets for seafood goods worldwide is Japan. This market is supplied by both imports and native manufacture. For American fisheries products, Japan is a significant export market.

With $15 billion worth of seafood imports in 2022, it ranked third globally in terms of imports. Imports supply half of Japan's seafood needs. Japan's third-largest source of seafood is the United States, which specialises in salmon, cod, pollock, herring, crab, and lobster. 

Governments use a variety of programmes to promote their fishing industries. Although the aims are different, they usually revolve around things like preserving jobs, enhancing the welfare of fishermen, or guaranteeing the industry's sustainability and the resources it uses. Japan paid USD 1231.4 million (JPY 135987.9 million) for services to the fishing industry in 2018.

Following January 2020, there has been a decrease in exports and a reduction in domestic prices due to the COVID-19-related decline in fishery products (such as bream, yellowtail, and scallops) and the shortage of foreign workers as a result of entry regulations.

These factors have a significant impact on the operations of fishers and fishery processors.  Fisheries organisations will receive advice on preventing infections and business continuity strategies in March 2020 and beyond.

One of the largest fish markets in Japan is Tsukiji. About 400 stores selling fresh food and kitchenware line the streets of this central Tokyo location. The best venue to learn about Tokyo's history and Japanese cuisine is Tsukiji.

JAPAN SEAFOOD MARKETCOMPETITIVE LANDSCAPE

Maruha Nichiro, a Japanese company, had 1020 billion yen in net sales in 2022, making it one of the biggest fisheries, aquaculture, and food processing enterprises worldwide. For 12843 people, it offers jobs. a global network spanning 70 nations and areas. 

2010 saw Maruha Nichiro become the first private enterprise to produce 100% farm-raised luefin tuna from egg to harvest. They are currently extending sales channels in Japan and abroad and using their expertise in fish cultivation to new fish species.

Daisu, Founded in 1939, it has percentage stock shares in Japanese producers and works directly with them to ensure they always have seafood to market. At its peak, they delivered about 250 containers each month.

Their primary export is cargo of container size. Their primary export is frozen Pacific Mackerel, but they also provide green mullet, yellowtail, and sardine, among many other products.

With its primary branches located at the fishing ports of Nagasaki and Matsuura in Kyushu, Suiken has established solid knowledge and relationships throughout the course of its 40-year existence.  

Suiken, a seafood company in Japan, is well-known for its horse mackerel and mackerel from Kyushu, as well as its yellowtail, squid, and scallops. However, it also imports fish from Norway, including salmon and mackerel. 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many seafoods are manufactured per annum in Japan? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Japan seafood and key vendor selection criteria
3. Where is the Japan seafood manufactured? What is the average margin per unit?
4. Market share of Japan seafood market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Japan seafood in-house
6. key predictions for next 5 years in Japan seafood market
7. Average B-2-B Japan seafood market price in all segments
8. Latest trends in Japan seafood market, by every market segment
9. The market size (both volume and value) of the Japan seafood market in 2024-2030 and every year in between?
10. Production breakup of Japan seafood market, by suppliers and their OEM relationship