Press release
Frozen Seafood Market Growth Statistics, Size Estimation, Emerging Trends, Outlook to 2031
Market Size and Growth
The global frozen seafood market was valued at approximately US$ 27.3 Bn in 2022 and is projected to grow at a CAGR of 5.3% from 2023 to 2031, reaching an estimated value of US$ 42.9 Bn by 2031. The growth is fueled by rising consumer preferences for ready-to-cook and ready-to-eat products, coupled with a surge in seafood consumption due to its health benefits.
๐๐๐ญ ๐ ๐๐ฅ๐ข๐ฆ๐ฉ๐ฌ๐ ๐๐ง๐ฌ๐ข๐๐: ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ค๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ซ๐จ๐ฆ ๐จ๐ฎ๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38303
Market Segmentation
By Service Type
Retail Sales
Foodservice (Hotels, Restaurants, Catering)
By Sourcing Type
Wild-Caught Seafood
Aquaculture Seafood
By Application
Household Consumption
Commercial Usage (Food Industry)
By Industry Vertical
Food and Beverage
Hospitality
E-commerce Platforms
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Regional Analysis
North America: A mature market with consistent demand due to increasing preference for sustainable and healthy food options.
Europe: High per capita consumption of seafood, driven by awareness of its nutritional value. Popular in nations like Spain, France, and the UK.
Asia-Pacific: The largest and fastest-growing region, led by rising urbanization, expanding middle-class population, and increasing disposable incomes.
Latin America and MEA: Emerging markets with growth potential due to untapped opportunities in retail and foodservice sectors.
๐๐ฅ๐๐๐ ๐๐ง ๐๐ซ๐๐๐ซ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/checkout.php?rep_id=38303<ype=S
Market Drivers and Challenges
Drivers:
Rising Health Awareness: Growing recognition of seafood as a rich source of protein and omega-3 fatty acids.
Convenience: Increasing demand for quick, easy-to-prepare food options aligns with busy lifestyles.
Advancements in Cold Chain Logistics: Enhanced infrastructure ensures better product quality and extended shelf life.
Challenges:
Supply Chain Disruptions: Seasonal availability and dependence on specific regions for sourcing pose challenges.
Environmental Concerns: Overfishing and the carbon footprint associated with freezing and transporting seafood.
Price Sensitivity: High costs of frozen seafood may limit its adoption in price-sensitive regions.
Market Trends
Sustainable Sourcing: Companies are emphasizing eco-friendly and traceable sourcing practices.
E-commerce Growth: Online grocery platforms are playing a significant role in frozen seafood distribution.
Innovative Packaging: Development of sustainable and tamper-proof packaging solutions.
Diversification of Product Portfolio: Introduction of exotic and value-added seafood products like marinated or breaded fish.
Competitive Landscape
Key players in the market include High Liner Foods Inc., Nomad Foods, Clearwater Seafoods, and Thai Union Group. These companies focus on product innovation, sustainable practices, and partnerships to strengthen their market presence.
Future Outlook
The frozen seafood market is poised for substantial growth, driven by increasing consumer inclination towards healthy eating and convenient food options. Emerging markets in Asia-Pacific and Africa present lucrative opportunities, while sustainability and technological advancements will define the competitive landscape.
Key Market Study Points
Rising demand for premium frozen seafood products.
Increasing penetration of frozen seafood in developing economies.
Role of government regulations in promoting sustainable seafood practices.
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