Global Frozen Seafood Market was valued at USD 12.97 Billion in 2019 and is expected to reach USD 19.01 Billion by the year 2026, at a CAGR of 5.67%.
The Global Frozen Seafood Market Report provides a qualitative and quantitative analysis for the period 2021 to 2027. The report predicts that the Global Frozen Seafood Market will grow with a CAGR during the forecast period of 2021-2027. The Frozen Fish Market Study covers the analysis of major geographies such as North America, Europe, Asia Pacific and RoW for the period 2021-2027. The Frozen Fish Market Report is a comprehensive study and presentation of the drivers, restraints, opportunities, demand factors, market size, forecasts and trends in the global frozen seafood market during the period 2021 to 2027. Furthermore , the report is a collective presentation of the research results. Primary and secondary school.
Frozen seafood products are those that have been frozen to deter bacteria growth, retain their flavour and nutritional value, and extend their shelf life. Freezing is the most popular method of preparing a variety of seafood. These products are rich in micronutrients, proteins and fatty acids, and are currently preferred in the country to fresh and canned seafood. Seafood is recommended as part of a nutritionally balanced diet. Freezing shellfish creates year-round availability due to a longer shelf life. Also, this makes seafood available at affordable prices without deteriorating quality and nutrition. The demand for ready-to-cook / eat food products has seen growth in recent years due to various factors such as convenience, affordability, high nutritional value, and others. Consequently, this has increased the demand for frozen seafood due to their similar characteristics. The increase in disposable income and the preference for foods that offer comfort in cooking and consumption has become very important, especially among the urban population due to their busy lifestyle. Also, there is an increase in awareness of the health benefits of shellfish.
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The Major Players Covered in this Report:
Premium Seafood, The Sirena, M&J Seafood, J.Sykes & Sons, Beaver Street Fisheries, Mazetta, Castlerock, AquaChile, Clearwater Seafood, High Liner Foods, Leroy Seafood
Changes in Eating Habits Bolstering the Market Growth
The global market for frozen seafood is currently driven by growing demand for fast foods, such as ready-to-eat (RTE) and ready-to-cook (RTC) products, as well as growing consumer health awareness. RTE and RTC products save time in the kitchen and are gaining popularity with workers who lead busy lives. Consumers' awareness of the nutritional benefits of seafood for eye and heart health, as well as changes in lifestyles, are driving demand for these products. Additionally, rapid advances in freezing technology, improved supply chain options, the primacy of goods, population growth, and increasing urbanization are further boosting the industry.
Global Frozen Seafood: Market Segmentation
The Introspective Market Research Group provides an analysis of key trends in each sub segment of the global Frozen Seafood market, alongside regional and national forecasts for the period 2021-2027. Our report has categorized the market according to product type and distribution channel.
The Frozen Seafood market is segmented on the basis of type such as:
- Shrimps
- Crustaceans
- Shellfish
- Mollusc
The Frozen Seafood market is segmented on the basis of Application such as:
- Online Retail
- Supermarket/Hypermarket
- Convenience Stores
- Specialty Stores
- Others
Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia etc.)
- South America (Brazil, Argentina etc.)
- Middle East & Africa (Saudi Arabia, South Africa etc.)
Fish and seafood are considered a great substitute for red meat, as they are a rich source of protein, micronutrients, and essential fatty acids. Freezing helps retain the nutrients in fish and seafood and allows their availability throughout the year, which facilitates the inclusion of these products in a healthy and balanced diet. Europe currently represents one of the largest consumers of frozen seafood in the world. This can be attributed to the introduction of innovative frozen seafood along with the growing awareness of the various health benefits these products offer.
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How is Frozen Seafood Helping Reduce Environmental Impact?
Although consumers prefer fresh seafood, the carbon footprint is higher compared to frozen seafood because fresh seafood requires fast and fast travel, while frozen seafood moves in energy efficient transportation as time is not an issue. Factor once the fish is frozen. Frozen fish can be transported in trucks, trains or ships, which significantly reduces the environmental effect.
Instant freezing also helps reduce waste during processing. As sustainable food movements gain ground and consumers become increasingly aware of the environmental impact of the food they eat, sales of frozen seafood are expected to increase in the coming years.
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In the situation of the Covid-19 pandemic, the fish, seafood and meat industry has suffered a great impact due to the association of animal meat with the pandemic that has created mistrust among the masses. Eventually, such claims cannot be verified with substantial testing and the industry has been on its way to recovering in unlocked market scenarios.
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KEY BENEFITS FOR STAKEHOLDERS
- The report provides an in-depth analysis of current trends, drivers and dynamics in the frozen seafood market to elucidate prevailing opportunities and tap into investment pockets.
- It offers qualitative trends as well as a quantitative analysis of the global market from 2021 to 2027 to help stakeholders understand the market scenario.
- In-depth analysis of key segments demonstrates the type of frozen seafood and its distribution channels.
- Industry competitive intelligence highlights business practices followed by key players across geographies, as well as prevailing market opportunities.
- Key market players are profiled to understand the competitive outlook of the market.
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