Meticulous Research® Forecasts Frozen Seafood Market to Surpass $74.34 Billion by 2029

[Redding, California, March 15, 2024] - Meticulous Research®, a premier provider of strategic market intelligence, unveils its latest report titled "Navigating Opportunities: Global Frozen Seafood Market Analysis & Forecast 2022-2029". This exhaustive study predicts the global frozen seafood market to achieve a substantial valuation of $74.34 billion by 2029, propelled by a commendable CAGR of 5.6% from 2022 to 2029.

Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5325

Catering to Global Palates: Frozen Seafood's Nutritional Odyssey
Frozen seafood emerges as a nutritional powerhouse, rich in essential compounds such as proteins, omega-3 fatty acids, iodine, and vitamins, which confer myriad health benefits including cardiovascular health and immune system bolstering. Moreover, the adoption of quick freezing technology enhances food safety and extends the shelf life of frozen seafood products, catering to discerning consumer preferences.

Navigating Market Dynamics
The burgeoning consumption of seafood, coupled with increasing health consciousness among consumers, propels market growth. Furthermore, the proliferation of supermarkets & hypermarkets amplifies accessibility, fostering market expansion. However, challenges such as overfishing, availability of meat alternatives, and inadequate cold chain infrastructure in developing economies pose formidable obstacles to market advancement.

Weathering the Storm: COVID-19's Impact
The COVID-19 pandemic precipitated unprecedented disruptions across industries, including the frozen seafood market. Nationwide lockdowns and trade restrictions severely impeded operations and disrupted supply chains, inducing significant losses for seafood manufacturers. Nevertheless, the market exhibited resilience, buoyed by its inherent advantages including prolonged shelf life and nutritional benefits.

The pandemic accentuated consumer proclivity towards health-conscious choices, spurring increased demand for frozen seafood products. Notably, retail sales surged as consumers prioritized essential nutrients, propelling the market to unprecedented growth trajectories.

Browse in depth @ https://www.meticulousresearch.com/product/frozen-seafood-market-5325

Unveiling Market Dynamics
Based on category, the fish segment is expected to account for the largest share of the frozen seafood market. The large market share of this segment is attributed to the widescale global consumption, increasing health-conscious population, and the growing popularity of chemical-free fish with higher shelf life. In addition, large-scale fishing and the growing fish farming trend have their fair share in driving the demand.

This segment is also expected to witness significant growth during the forecast period. The rapid growth of this segment is mainly attributed to the health benefits accompanied by fish consumption, as they are home to omega-3-fatty acids and riboflavin. It reduces the risk of heart attacks and strokes, treats depression, improves eyesight, improves brain health, improves skin and hair texture, and improves the immune system. American Heart Association recommends people fish twice a week to keep their hearts healthy due to their minerals, vitamins, calcium, and phosphorous-rich nature.

Based on distribution channel, the business-to-business segment is expected to account for the largest share of the frozen seafood market. The large market share of this segment is attributed to the growing B2B frozen seafood trading, the growing number of Quick Service Restaurants (QSRs), and the rising demand from hotels, restaurants, food chains, and the food service sector. However, the business-to-consumer segment is expected to witness significant growth during the forecast period.

Based on geography, Asia-Pacific is expected to account for the largest share of the frozen seafood market. The major market share of Asia-Pacific is attributed to the increasing urbanization, health awareness, and disposable incomes, the rising number of fast food restaurants that serve fish, the increasing awareness regarding the importance of protein-rich diets, increase in the number of refrigerated warehouses, technological progress in refrigerated transport and storage, and continuous shift in consumer habits to buy frozen seafood products from organized retail channels such as supermarkets & hypermarkets. Additionally, the nutritional benefits of frozen seafood are also driving the market's growth in this region.

However, the market in Europe is slated to register the fastest growth rate during the forecast period. The growth of this regional market is driven by the changing lifestyle, the increasing fish consumption to reduce the risk of heart diseases, the rising aquaculture industry, and favorable regulations.

Quick Buy - Frozen Seafood Market - Global Opportunity Analysis and Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/20348553

Pioneering Growth: Industry Leaders
Industry stalwarts including Sirena Group A/S, M&J Seafood, and Beaver Street Fisheries, among others, spearhead innovation and drive market expansion with their relentless commitment to quality and consumer satisfaction.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

This release was published on openPR.