Over the years, the seafood industry has been a basic occupation for many people. It has been a basic source of income since many generations. It adds up to 40-60% of income for many countries even today. The seafood industry has been flourishing ever since. So, why do people choose to do this business even today? Well, unlike any business around the globe, the seafood industry fetches more profits than any other businesses. This gives the fishermen, the dealer, and the retailer a distinct advantage.
- National Income: The seafood business, as mentioned earlier, is still the main source of income for many countries even today. This generates 25-30% of revenues for small and medium enterprises, which make up to 80% of the seafood industry in India alone. The appetite for seafood has always been flourishing in many countries. But due to lockdowns in the past 2 years, this industry has drastically been affected. Despite all these challenges, the seafood industry will always find a way to bounce back
- Rich in Nutrition: Seafood provides more nutrition than any other food, and is rich in protein, vitamins, zinc, iron, and many other necessary nutrients. Unlike meat and poultry, seafood tops the list in terms of nutrients and minerals necessary for your body. This is one of the major reasons why this industry is flourishing even today.
The seafood industry, as you know, has helped many local businesses in various ways. People in the coastal regions rely mostly on seafood. Fishermen go above and beyond to find the best fish for their customers. However, the sea fish goes to other parts of the country because of the cost of transportation.
In the local cities and places, however, there are other ways to find the best quality fish in nearby lakes and rivers. This has helped the local dealers and the retailers to run their business. These business men also depend on other ways to get fish by farming fish in the local ponds.
Just like any industry, the seafood industry also suffers huge competition in the market. Despite all the competition and various other challenges, this industry continues to generate profits for many businesses throughout the globe.