Rising Consumption Of Seafood in The Chinese Markets

In 2021 and 2022, the seafood industry in China is expected to continue to grow, due to rising consumer demand and an increasing presence in the international market. In 2023, the country is anticipated to further democratize its marine fisheries, providing more access to resources and a larger and more diverse seafood export portfolio. Moreover, the government of China is projected to invest heavily in aquaculture technologies and continue to promote the development of seafood research and development in the country. Several new policies enacted by the government are also expected to improve seafood safety, forcing seafood companies to step up their game in terms of quality management and inspection standards. Finally, in 2023, the global seafood industry is expected to continue to grow at an accelerated pace due to rising consumption of seafood in the Chinese markets.