Frozen Seafood Market Advance Technology And Trends 2022 to 2028

Market Overview:

The Frozen Seafood Market was valued at USD 14.48 Billion in 2021 and is anticipated to reach USD 21.30 Billion by the year 2028; at a CAGR of 5.67%.

Due to the freezing technique used to produce frozen seafood, the food products have a longer shelf life and are less likely to develop bacteria. By turning the remaining moisture in the frozen seafood products into ice and preventing the majority of the bacterial species found in food goods from growing, the freezing process lowers the rate of decomposition.

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Market Dynamics:

Driver:

Rising Demand for Frozen Seafood
The primary driver of the market's growth is consumers' greater tendency for frozen food. Customers are more concerned with their health; thus, they prefer to eat safe, wholesome foods, especially seafood. The seafood is low in calories, high in protein, and rich in vitamins and minerals. Mega-3 fatty acids, which are found in fish, protect the heart by lowering blood pressure and the risk of irregular heartbeats, heart attacks, strokes, and unexpected death. Low-fat seafood provides newborns and young children with additional advantages by delivering nourishment.

Opportunities:

Food Companies Engaged in Providing Healthy Products
The majority of businesses' increased emphasis on providing healthy product options presents a lucrative opportunity for the frozen seafood sector. For instance, the SeaPak Shrimp & Seafood Co., a market leader in frozen foods, introduced SeaPak Shrimp Sea Pals in 2020. Children can get a lot of protein from these foods. A rise in the production of nutritious foods is supported by an increase in the number of people who consume them as a result of increased global knowledge of health issues and healthy eating practices. A rising number of restaurants and hotels offer their patrons healthful food. These all offer a lucrative opportunity for the frozen seafood market in the anticipated year.

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Market coverage
•Available market numbers - 2022-2028
•Base Year - 2021
•Forecast Period - 2022-2028
•Segments covered - By Type, By Distribution Channel
•Competitive Landscape Premium Seafood (US),The Sirena (US),M&J Seafood (UK),J.Sykes & Sons (UK),Beaver Street Fisheries (Florida)

Market Segmentation

By Type

• Fish
• Shrimps
• Crustaceans
• Shellfish
• Mollusc

By Distribution Channel

• Supermarket/Hypermarket
• Convenience Stores
• Specialty Stores
• Online Retail
• Others

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Major Key Players Considered in the Market
• Premium Seafood (US)
• The Sirena (US)
• M&J Seafood (UK)
• J.Sykes & Sons (UK)
• Beaver Street Fisheries (Florida)
• Mazetta (US)
• Castlerock (US)
• AquaChile (Chile)
• Clearwater Seafood (Canada)
• High Liner Foods (Canada)
• Leroy Seafood (Norway) and other major players.

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Key Industry Development In The Frozen Seafood Market:

In March 2022, The SABIC partnered with Polivouga and established a seafood packaging solution for frozen seafood. It is designed to reuse post-consumer plastic waste recovered from areas up to 50km inland from waterways that have the potential to end up in their rivers and oceans.

In August 2021, Avanti Frozen Foods Pvt. Ltd. declared the growth of a few of its shipments of frozen prepared, skinned, and deveined shrimps in various unit sizes.

In June 2021, Bristol Seafood, a Portland, Maine-based processor and wholesaler, announced the launch of its "Bristol seafood singles" line of frozen products packed in perforated, easy-peel singles with a QR code.

Table OF Content

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Distribution Channel
Chapter 4: Market Landscape
Chapter 5: Frozen Seafood Market by Type
To Be Continued……

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