Norwegian Seafood Council's Health, Innovation, and Sustainability Trends for 2024

Norwegian Seafood Council's Health, Innovation, and Sustainability Trends for 2024

Posted by Emily on 15th May 2024

In 2024, the global seafood industry, guided by insights from the Norwegian Seafood Council, is poised at a transformative juncture, driven by dynamic trends that intertwine health, technology, and sustainability. As consumers become increasingly conscientious about what they eat, where it comes from, and how it impacts the planet, the seafood sector responds with innovative solutions and strategic shifts.

A key driver of change in the seafood industry is the heightened consumer focus on health and nutrition, amplified by the lingering effects of the COVID-19 pandemic. Seafood, championed by the Norwegian Seafood Council, is being embraced for its taste and benefits. It is a rich source of high-quality protein and essential omega-3 fatty acids,crucial for heart health and cognitive functions. Companies are leveraging this by promoting seafood as a cornerstone of a healthy diet, which resonates well in regions like the United States and Europe, where health awareness is surging.

Technology, especially artificial intelligence (AI) and the Internet of Things (IoT), is revolutionising the seafood industry. From improving traceability to enhancing sustainable aquaculture practices, tech solutions are at the forefront of tackling some of the industry's most pressing challenges. For instance, AI monitors and optimises the growth conditions in fish farms, ensuring healthier seafood production with minimal environmental impact.

Sustainability remains a pivotal theme, with increasing consumers demanding transparency and ethical practices in seafood sourcing. The sustainability trend, as highlighted by the Norwegian Seafood Council, is influencing all facets of the industry, from harvesting methods to packaging. Noteworthy is the rise of certifications like the Marine Stewardship Council (MSC), which assure consumers of the sustainable origins of their seafood purchases.

Convenience continues to shape consumer preferences, with ready-to-eat seafood products gaining popularity. The report highlights how products like poke bowls and ready-made seafood kits cater to the fast-paced lifestyles of modern consumers, blending convenience with nutritional value.

The global expansion of seafood markets is particularly notable in Asia, where countries like China and Japan are seeing a rise in seafood consumption due to increasing health awareness and economic growth. Moreover, the industry is tapping into younger demographics globally, using digital marketing strategies to appeal to Gen Z and millennial consumers who favour sustainability and convenience.

As we look to the future, the seafood industry's growth trajectory is evident, driven by a compound annual growth rate of 8.92% up to 2029. The ongoing innovations in health, technology, and sustainability, as detailed by the Norwegian Seafood Council, are shaping consumer choices and setting the stage for a resilient and robust seafood industry.

To read the full report click here