Frozen Fish & Seafood Market to Remain Lucrative During 2027

Frozen Fish & Seafood Market: Introduction
A latest report published by Transparency Market Research on the frozen fish & seafood market includes global frozen fish & seafood production and consumption analysis, along with market opportunity assessment for 2020-2030. The global frozen fish & seafood market is expected to be valued at ~US$ 36 Bn in 2020, which is anticipated to expand at a CAGR of ~7.3% to reach ~US$ 70 Bn by 2030.

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Increasing Demand for Protein and Other Viral Nutrients to Propel Frozen Fish & Seafood Market
Robust growth of the food industry is expected to result in higher demand for fish protein, creating a profitable opportunity for players in the frozen fish & seafood market across the globe. The nutrient profile of fish protein is compatible with the human digestion process. In the coming years, with increasing demand for protein, health supplements and other vital nutrients by consumers, fish protein could be used as a preferred best source for all. This is likely to generate opportunities for frozen fish & seafood manufacturers to increase their revenue in the coming years.

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Frozen Seafood Products Gaining Traction in Food Industry
Approximately, more than three-fourths of the seafood products consumed across the globe are in the form of fresh and frozen, and slightly over 50% of fresh and frozen products are finfish. Less than half are shellfish and among that, the demand for shrimp is the highest. Due to busy lifestyles, the demand for frozen seafood products is increasing, as they are conveniently available, easy to cook, and nutritious. Hence, these factors are driving the expansion of the frozen fish & seafood market.

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