Frozen Seafood Market Size, Value, Industry Growth, Statistics Forecast 2028

Frozen Seafood Market

Industry Overview:

The demand for frozen fish increased as customers became more health-conscious and more aware of the benefits of eating frozen seafood. The majority of individuals today have a hectic lifestyle and wish to live a healthy one. Frozen seafood is easy to prepare and contains critical nutrients for the human body and brain. Additionally, frozen seafood products are more affordable and have a lengthy shelf life. All of these factors are anticipated to contribute to the market’s growth throughout the forecast period.

The size of the market is anticipated to increase significantly over the next few years as a result of the presence of a large number of notable players, such as Thai Union Group, Sterling Seafood, and Clifton Seafood Company, that are actively functioning throughout the world. Consumers were drawn to the vast selection of frozen seafood products. Consumers’ increasing preference for packaged food products has contributed to the expansion of the frozen fish industry. During the projection period, this aspect is anticipated to present makers of frozen seafood with new chances.

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Asia-Pacific retained the largest market share for frozen seafood worldwide in 2021. North America is projected to have the highest CAGR in the market over the forecast period. The Asia-Pacific market is classified as follows: China, India, Australia, Japan, South Korea, and the Rest of Asia-Pacific. Due to the accessibility and health benefits of seafood, the seafood sector is one of the fastest growing industries in Asia-Pacific. Consumers in developing nations are witnessing a fast growth in disposable income, which is increasing their purchasing power. There is an increase in demand for a variety of seafood goods, including frozen seafood products. Consumers’ increasing discretionary income and the expansion of the middle class are two of the most important factors boosting the demand for frozen seafood in the region.

Market drivers: 
Globally increasing demand for frozen fish products is one of the primary market drivers. The focus of manufacturers is on creating healthier products. Cryogenic technology is used to freeze fish goods, which prevents bacterial growth.

Globally, many manufacturers of frozen fish employ cryogenic freezing technology, which helps maintain low temperatures by utilising solid carbon dioxide or liquid nitrogen, which is then directly applied to the frozen seafood products. Using modern freezing technologies, frozen fish products can be stored for a considerable amount of time.

As a result of the preservation of nutrients in frozen foods, a growing number of customers are moving their preferences away from canned foods in favour of frozen foods. Because the quality of these frozen fish products is preserved, they are widely consumed around the world. Consequently, the worldwide Frozen Seafood market is anticipated to expand at a healthy rate over the forecast period.

 Key Players:
Premium Seafood Company, Inc., The Sirena Group, J.Sykes & Sons Ltd., M&J Seafood Ltd., Beaver Street Fisheries, Mazetta Company, LLC, Castlerock Inc., and others have been recognised as important market participants across the value chain of the worldwide Frozen Seafood market.

On the worldwide Frozen Seafood market, it is anticipated that the companies will expand their businesses by diversifying their product lines. In order to obtain a competitive advantage on the worldwide Frozen Seafood market by 2025, it is anticipated that firms will develop specific strategies in the future.

Global Frozen Seafood Market: Product Type Segment Analysis

  • Fish
  • Crustaceans
  • Shellfish
  • Molluscs
  • Other

Global Frozen Seafood Market: Distribution Channel Segment Analysis

  • Supermarket & Hypermarket
  • Convenience Stores
  • Online Stores
  • Other

Global Frozen Seafood Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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