Frozen Fish Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | Maruha Nichiro Corporation, Mowi ASA, Nissui Corporation, Austevoll Seafood ASA, Nomad Foods Limited

"The new report published by The Business Research Company, titled Frozen Fish Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the frozen fish market size has grown strongly in recent years. It will grow from $24.73 billion in 2023 to $26.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The frozen fish market size is expected to see strong growth in the next few years. It will grow to $37.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.

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Increasing Fisheries And Aquaculture Production Fuels Market Expansion
The increasing production of fisheries and aquaculture is expected to propel the growth of the frozen fish market going forward. Fisheries refer to the industry or activity of catching, processing, and selling fish, while aquaculture involves the breeding, rearing, and harvesting fish and other aquatic organisms in controlled environments. The increasing production of fisheries and aquaculture can be attributed to technological advancements, improved breeding techniques, rising global seafood demand, supportive government policies, and enhanced sustainability practices. Modern freezing technologies and improved processing techniques in fisheries and aquaculture ensure that frozen fish retains its nutritional value, texture, and flavor. Quick freezing methods preserve freshness and minimize the degradation of fish quality during storage and transportation. For instance, in March 2024, according to the Department of Agriculture and Water Resources, an Australia-based government agency, Australia's fisheries and aquaculture sectors are projected to generate an average of $3.48 billion annually between 2024-25 and 2028-29. Further, the total output volume is forecasted to rise by 1%, reaching 296,000 tons by 2024-2025 compared to 2022-2023. Therefore, the increasing production of fisheries and aquaculture is driving the growth of the frozen fish market.

Innovative Asian-Inspired Offerings in the Frozen Fish Market
Major companies operating in the frozen fish market focus on developing innovative products, such as Asian-inspired frozen fish, to cater to evolving consumer tastes and expand their market share in the growing frozen fish industry. Asian-inspired frozen fish refers to frozen fish products that are seasoned, prepared, or styled to reflect flavors, ingredients, or cooking techniques commonly found in Asian cuisine. These products are designed to appeal to consumers seeking convenient yet flavorful options that capture the essence of Asian culinary traditions. For instance, in February 2024, Young's Seafood, a UK-based company specializing in producing and distributing frozen, fresh, and chilled seafood, launched a range of coated fish products inspired by Asian cuisine under its Gastro brand. The ""Taste of Asia"" range features four limited-edition products with flavors inspired by authentic Southeast Asian cuisines, including Korean, Thai, and Japanese. These new products aim to provide consumers an easy way to incorporate more seafood into their diets, offering diverse flavor profiles and exciting new mealtime options beyond traditional fish and chips.

The frozen fish market covered in this report is segmented -

1) By Type: Salmon, Tuna, Cod, Tilapia, Shrimp, Other Types
2) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Retail
3) By End Use: Food Processing Industry, Food Service Provider, Retail Or Household

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Major companies operating in the frozen fish market are Maruha Nichiro Corporation, Mowi ASA, Nissui Corporation, Austevoll Seafood ASA, Nomad Foods Limited, SalMar ASA, Nueva Pescanova Group, Cooke Inc., High Liner Foods Inc., Camanchaca Inc, Clearwater Seafoods Incorporated, Tassal Group Limited, Iceland Seafood International hf, Dongwon Industries Co Ltd, Zhangzidao Group Co Ltd, Hansung Enterprise Co Ltd, Surapon Foods Public Company Limited, Lyons Seafoods Limited, FCF Fishery Company Ltd, Chicken of the Sea International, Lerøy Seafood Group ASA, AquaChile SA, Bright Star Group LLC, Marine Harvest Group

Contents of the report:
1. Executive Summary
2. Frozen Fish Market Report Structure
3. Frozen Fish Market Trends And Strategies
4. Frozen Fish Market - Macro Economic Scenario
5. Frozen Fish Market Size And Growth
…..
27. Frozen Fish Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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