Worldwide demand for squid has increased due to its high nutritional content. As a food source, squid is a vital source of protein, high vitamin, and mineral content and healthy fats. The unique biology of Squid Market requires a different management approach than other fisheries. Squid Market exhibit very fast growth and short life spans. Squid play an essential role as a mid-tropic level species, in which they transfer energy to the food chain.
Healthy eating trends and growing health awareness increases the demand for fish and seafood. The potential impacts of climate change inshore squid and rising squid prices are the main hurdles to this market. According to Renub Research, Global Squid Market will be more than US$ 11.6 Billion by the end of year 2025.
The world market size of squid mainly focuses on key regions like the United States, European Union, China, Japan, Korea, India, and Southeast Asia. The boom in squid will have interesting consequences both for their ecosystem and for human society. Spain was the fourth largest importer of squid in the world. Spain not only has the largest Squid processing industry in Europe but also has a high per capita consumption and a high per capita expenditure on Squid products.
Asian countries continued to demand more squid and could divert supplies globally. China and Japan are the leading importers in the Asian region, and they are looking for other squid suppliers. Imports of Squid by the world's nations have also increased dramatically, and total imports of squid is increasing year on year with Indonesia, Spain, and the United States of America are the leading suppliers. Consequently, squid supplies may be very tight in the coming years due to high prices.
Frozen squid is popular in southern European markets such as Spain and Italy. Imports are dominated by prepaid squid and almost every market in South East Asia has increased its imports in recent years. Major shares of domestic landings in Japan, China, South Korea, Malaysia and Taiwan are also marketed locally as fresh, mainly squid products.
Renub Research report titled “Global Squid Market By Import (Spain, Japan, Italy, China, Republic of Korea, Others), Export (China, India, Spain, Peru, Thailand, Other Countries) Production, Consumption, Products (Fresh, Frozen & Prepared), Value Chain Analysis & Forecast” provides a complete analysis of global Squid market.
Request a free sample copy of the report
Other Media | fishfarmingexpert: A red letter day for Scottish salmon
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UNITED KINGDOM
Wednesday, April 24, 2024
New Label Rouge rules will enable bigger fish to be sold under prestigious mark
New rules have been agreed that will enable Scottish farmers to sell more prestigious ‘Label Rouge’ salmon in France and other European markets.
The French quality mark, which comes with a stringent set of standards, has been updated to allow farmers to implement modern solutions to improve salmon health and welfare while maintaining taste and quality. Changes includes the ability to export larger fish of between six and eight kilograms, paving the way for increased sales of premium salmon – particularly in the sushi sector.
Source: fishfarmingexpert l Read the full article here
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IN BRIEF - Bluefin tuna from Spanish natural location, new catch coming soon
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JAPAN
Tuesday, April 23, 2024
The wild bluefin tuna fishery in southwestern Spain, which has a 3,000-year history dating back to ancient Roman times, will soon welcome a new catch.
The large-scale emplacement has already been completed and the first captures could be seen later this month. Tokyo Seafoods Co., Ltd. (Chuo-ku, Tokyo, president: Ryusei Yamakoshi), a specialized seafood trading company with the largest purchasing share, has been involved in this site for almost 40 years.
To make Japanese consumers more aware of the rare bluefin tuna caught in the Atlantic Ocean, the company plans to actively disseminate information through social networking sites (SNS).
According to Tsuyoshi Sugiura, director of the company's tuna group, Spain's natural bluefin tuna, which is caught in fixed locations on a large scale, is said to have "exceptional natural flavor and color appearance," and is mainly used in Sushi restaurants in Japan. It is said to have strong support not only from consumers but also from some food supermarkets.
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IN BRIEF - Twins together in the dock
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NETHERLANDS
Tuesday, April 23, 2024
STELLENDAM - The sister ships BL 936072 'Madeleine' and BL 937550 'Pax Dei II' together in the dock of Padmos in the Inner Harbor of Stellendam.
The identical cutters under the French flag were built by main contractor Padmos and put into service at the beginning of 2021 and in the summer of 2022 by the De Boer families from Urk and Wattez from France. The skippers of both vessels are the cousins ??of the same name, Teunis de Boer. The first vessel in this series was also for the T. de Boer & Zonen family: the UK 124, also skippered by Teunis de Boer.
A joint docking was planned for next month, but now the dock occupancy has been exchanged with the UK 224, which is undergoing a major refit including repowering at Padmos.
Last week we steamed again to the French home port of Boulogne. The ships fish almost exclusively in the Channel. Due to the strong wind, the majority of the fleet stayed ashore on Monday.
Source: Visserij Nieuws | Photo: Arjan Buurveld
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IN BRIEF - Squid fishing boost for troubled fleet
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NETHERLANDS
Tuesday, April 23, 2024
From British and French waters in the Channel, Dutch trawl fishermen follow the squid migration towards the North Sea in the autumn.
The UK-153 'Lub Senior' caught a fish hold fifty miles west-northwest of IJmuiden in early March. Vismagazine was informed about this new winter fishing.
On Thursday evening, March 7, the UK-153 approaches the fish auction quay in IJmuiden around 10 p.m. The depth of the impressive flyshooter (illustration) suggests a good catch.
The excellent European squid or common squid (Loligo vulgaris) was caught that week barely fifty miles west of IJmuiden. “We have more than 3,400 kilos of squid on board,” says skipper Frits Korf as the first stacked fish boxes are lifted from the fish hold onto the quay.{....]
Source: Vismagazine.nl
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Other Media | SalmonBusiness: Veteran leader returns to the helm for Gigante Salmon
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NORWAY
Tuesday, April 23, 2024
Departing CEO Helge E.W Albertsen will continue to serve as an advisor to the company until 30 June 2024 to ensure a smooth transition.
Land-based salmon producer Gigante Salmon has appointed Kjell Lorentsen as CEO.
Lorentsen was appointed as acting CEO on 19 March 2024, and is now transitioning into the role on a permanent basis, according to a release from the company on Tuesday.
Source: SalmonBusiness l Read the full article here
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Other Media | The Fish Site: Japanese scallop industry aims for expansion
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JAPAN
Tuesday, April 23, 2024
Japanese scallops, known as hotate, are highly accredited for their flavor, size, and quality. Aiming to expand the international market for hotate, the Japan Scallop Export Promotion Association (J-Hotate) will present Japanese scallops at the 2024 Seafood Expo Global event in Barcelona, at the end of April.
According to J-Hotate, the Japanese scallop industry is unique compared to other parts of the world in that the proximity of fishing grounds and ports allows for scallops to be processed and distributed immediately after they are caught.
Source: The Fish Site l Read the full article here
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Other Media | SeafoosSource: Persisting inflation woes making 2024 seafood outlook hard to predict
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WORLDWIDE
Tuesday, April 23, 2024
"The European economy has left behind it an extremely challenging year, in which a confluence of factors severely tested our resilience"
At the beginning of 2023, economists predicted the U.S. was either in – or would soon be in – a recession, while the E.U. faced similar predictions of slowed growth and high inflation.
Now, a year out, it’s clear that some of those predictions weren’t entirely accurate.
Author: Chris Chase / SeafoodSource l Read the full article here
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Other Media | La Voz de Galicia: Four missing in the fourth collision of boats against bridges in three months
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CHINA
Tuesday, April 23, 2024
At the end of January, the Liberian merchant ship En May crashed into a bridge on the Paraná River, in Argentina. At the end of February, a Chinese freighter rammed into another viaduct in Canton (China), partially demolishing it and causing the death of five people when a bus with the driver, a van with three occupants and an electric motorcycle fell into the water. At the end of March, the Singapore-flagged container ship Dali brought down the 2.6 kilometer-long Francis Scott Key Bridge in Baltimore (USA), causing several deaths and vehicles falling into the water.
Source: La Voz de Galicia l Read the full article here
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Other Media | Alimarket: Angulas Aguinaga enters plant-based with some vegetable 'squid'
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SPAIN
Tuesday, April 23, 2024
Just a year ago at this time, Alimaket reported on the collaboration agreement between the plant-based specialists Grin Grin Foods and Angulas Aguinaga to develop and industrialize a new product in the category of vegetable analogues of fish. Now, with a small delay compared to the initial forecasts, the product arrives on the shelves of modern refrigerated fishmongers of chains such as Carrefour or Alcampo, which represents the official entry of Aguinaga into the world of vegetable alternatives.
These are, specifically, vegan "Sea Rings", analogous to the ones it has already been marketing and which it makes with surimi.
Source: Alimarket l Read the full article here
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IN BRIEF - Mitsubishi Foods Invests in Vietnam-based startup Homefarm Holding
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VIET NAM
Monday, April 22, 2024
Mitsubishi Foods Co., Ltd. Mitsubishi Foods announced an investment in a new company operating 161 retail stores specializing in imported foods in Vietnam (as of the end of March 2024) and has carried out a capital increase in Homefarm Holding JSC.
"The purpose of our company is to contribute to the realization of a sustainable society through the food business, and we are not only strengthening our business foundations that support Japan's food infrastructure, but we are also acquiring new functions and working in new business fields "We are actively promoting open innovation with emerging companies," Mitsubishi Foods said in a statement.
"In particular, given the trend of the domestic market contraction, we have positioned the creation of new demand in foreign markets through the export of Japanese food culture as one of the pillars of our growth strategy. We have been looking for opportunities to expand to Vietnam, considering it a promising market," he added.
Homefarm is a specialty imported food retailer that mainly sells fresh salmon and frozen beef, and related ingredients include condiments such as soy sauce, wasabi and meat sauce, as well as stewed soups and other ingredients that are very popular in Vietnam.
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