Blue Star Foods Launches Asian Food Division

Company Overview - Blue Star Foods Corp. is an integrated Environmental, Social, and Governance (ESG) sustainable seafood company focusing on Recirculatory Aquaculture Systems (RAS) [2][5] - The company processes, packages, and sells high-value seafood products and operates the oldest continuously running land-based RAS full grow-out salmon farm in North America [5] Industry Insights - The sushi restaurant industry in the U.S. has experienced significant growth, with a 163% increase in market size over the past 10 years, reaching $27.9 billion in 2022 [4] - The market is projected to continue expanding, with an estimated value of $34.9 billion by 2025 [4] - Sushi has become one of the most popular cuisines in the U.S., with approximately 30,000 sushi restaurants operating nationwide [4] Strategic Initiatives - The company has launched an Asian Food Division focusing on high-value sushi categories to capitalize on the growing popularity of Japanese cuisine and health-conscious dining preferences [3] - High-value sushi products include Hamachi, responsibly raised and harvested in Japan's Kagawa prefecture, Seto Inland Sea, and Kagoshima Bay [3] - The company aims to increase sales and rebuild shareholder value through its entry into the sushi market, leveraging its Japanese-speaking team for sourcing and relationships [4]