Global Squid Market will be more than US$ 11.6 Billion by 2025 | Study with COVID-19 Impact

According to the latest report by Renub Research, titled “Global Squid Market By Import, Export, Production, Consumption, Products, Value Chain Analysis & Forecast” The squids have immense nutritional benefits as it contains copper, which helps in iron absorption, storage, and it is suitable for metabolism in the body. The copper present is Squids also helps in the formation of red blood cells. The consumption of Squids can fulfil 90 percent of copper demand of an average adult. It also contains Selenium; deficiency of which results in a disease like rheumatoid arthritis. Antioxidant properties of Selenium are vital for human health. Due to all these factors, the demand for Squids is increasing globally, according to Renub Research analysis global Squid market is forecasted to be US$ 11.6 Billion by 2025.

Protein is vital for the growth and overall health of a person. Healthy muscles, skin, nails, and hair require the right amount of protein, which is present in Squids. Vitamins like B2, B3, B12 are vital for human health; all these vitamins are present in Squids. It also contains Phosphorus, and this mineral helps in aiding calcium for bones and teeth development. Squid is also a good source of magnesium, zinc, and potassium. Magnesium can relax muscles and nerves. Zinc helps a person in the prevention of infections, and potassium is helpful for healthy blood pressure in the human body.

The effect of the COVID-19 pandemic on Global Squid Market

Global economic activities have been disturbed by COVID-19 and import-export of most countries has declined to a historic low. The production of Squid has fallen due to lockdown imposed by various governments. Supply of Squid in European countries like Italy and Spain has also declined due to pandemic the demand. The market in Asian countries such as South Korea, China and Japan has also declined, due to interrupted supply chain in these countries.

Squid has different biology due to which it requires a different approach in storage than other seafood counterparts. It has a short life span and grows at a faster pace than other sea creatures. Spain is the most significant consumer and importer of Squid; this country has the most significant share in global Squid market. Other importing countries of Squid are Japan, China, Italy, and South Korea. Spain has the most prominent industry for Squid processing in Europe. Also, Spanish is ahead in Squid consumption in both per capita consumption and per capita expenditure on Squid products.

The market of Squid is growing year on year due to the increase in the number of seafood outlets and restaurants due to which consumption of seafood is growing. Growth in per capita income and online sale of food and beverages through food delivery apps will also boost the market of Squid in remote areas.

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Market Summary:

The report provides the Import, Export Market and Volume of all these 3 types of Squids:

  1. Frozen Squid
  2. Fresh Squid
  3. Prepared Squid

By Import: This market research report has covered the market, market share, volume, and volume share of the following countries: Spain, Italy, China, Japan, South Korea and other countries by Frozen, Fresh, and Prepared types.

By Export: The report also provides market, market share, volume, and volume share of the following countries: China, India, Spain, Peru, Thailand, and Others

Industry Related Opportunity:

United States Pet Food Market: https://www.renub.com/united-states-pet-food-market-p.php

Plant Based Meat Market: https://www.renub.com/plant-based-meat-market-p.php

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Also Read:

Global Squid Market: https://www.prlog.org/12830401-global-squid-market-will-be-more-than-us-11-6-billion-by-2025-renub-research.html

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Global Squid Market Forecast by Import, Export & Production – Renub Resear

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.

Global Squid Market

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.

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Spain is the Biggest Importer of Squid by Market

In this report, we have covered complete insight into major global import countries of squid. Spain is the largest consumer and importer of squid globally. We have covered five main countries likes Spain, Japan, Italy, China, Republic Of Korea and Others.

Thailand is a big Exporter of Squid

In this report, we have complete insight on major global exporter countries market of squid. Thailand is the big squid exporter. We have covered five countries in the report these are China, India, Spain, Peru, Thailand, and Others.

China is one the biggest Exporter of Squid by Volume

In this report, we have studied the major global exporter countries by Volume of squid. We have covered four Countries in the report that are China, India, Spain, Peru and Others. China is one of the largest squid exporters by Volume.

Renub Research Infographic Zone: https://renubresearchinfographiczone.blogspot.com/


Global Squid Importing Countries

•    Spain
•    Japan
•    Italy
•    China
•    Republic of Korea
•    Others

Global Squid Exporting Countries

•    China
•    India
•    Spain
•    Peru
•    Thailand
•    Other


Global Squid Products

•    Fresh
•    Frozen
•    Prepared

About Us:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys, and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. Our clients rely on our market analysis and data to make informed knowledgeable decisions. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us:
Renub Research
Phone No: +1 678-302-0700
Email : info@renub.com
Web: www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research