Prominent Frozen Seafood Market Trend for 2025: Key Trends, Growth Drivers, and Market Share

Which drivers are expected to have the greatest impact on the over the frozen seafood market's growth?
The increase in the intake of seafood is anticipated to boost the expansion of the frozen seafood market. Seafood, any edible marine life, is gaining popularity due to its myriad health benefits and freezing it ensures the preservation of its color, texture, shape, and taste. Consequently, the growing consumption of seafood escalates the need for the frozen seafood market. For example, the Food and Agriculture Organization (FAO), a specialized agency of the United Nations based in Italy, published a report in July 2023 forecasting an increase in the apparent food fish consumption to 21.2 kg per capita globally by 2032, a rise from the average of 20.4 kg (2020-2022). The report predicted that 90% of total fish production will be used for human consumption in 2032, a 2% increase from the base period (2020-22 average). The consumption of fish for human consumption is projected to grow by 14%, reaching 182 million tons by 2032. Therefore, the escalating consumption of seafood is fuelling the frozen seafood market.

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What is the future CAGR of the frozen seafood market, and how will it impact industry expansion?
In recent years, the frozen seafood market has seen robust growth. The market's size is anticipated to increase from $23.53 billion in 2024 to $25.04 billion in 2025, marking a compound annual growth rate (CAGR) of 6.4%. The growth during the historic period can be linked to factors like the heightened demand for convenience foods, expansion of globalization and trade, emerging health and nutrition trends, advancements in packaging solutions, and shifting consumer tastes.

Expectations are high for considerable growth in the frozen seafood market over the upcoming years, with predictions suggesting a rise to $31.19 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.6%. This growth throughout the forecast period can be accredited to factors such as premiumization and the rise of ready-to-cook trends, culinary exploration, consumer education, global trade, market expansion, as well as improved food safety standards and quality assurance. Innovation and diversification in products also contribute to this growth. Key trends for the forecast period encompass an increased awareness of health and nutrition, the demand for convenient and time-saving solutions, ethical sourcing, and a plethora of innovative product offerings. Not to forget the impact of educational drives and culinary exploration.

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What are the most significant trends transforming the frozen seafood market today?
Leading businesses in the frozen seafood industry are launching plant-based frozen seafood to accommodate the increasing desire for eco-friendly and health-aware substitutes. Plant-based frozen seafood encompasses food items that simulate conventional seafood products, but are entirely made from plant-derived elements, granting a substitute for customers looking for sustainable and humane choices. For instance, in July 2023, Konscious Foods, an American seafood company, initiated their very first plant-based frozen 'raw' seafood products, including offerings like sushi, nigiri, and poke bowls. Not only does this product meet the rising demand for ecologically responsible seafood substitutes, but it also underlines the company's dedication to environmental stewardship and innovation in food technology.

Which key market segments comprise the frozen seafood market and drive its revenue growth?
The frozen seafood market covered in this report is segmented -

1) By Category: Fish, Crustaceans, Shellfish, Mollusca, Other Types
2) By Nature: Organic, Conventional
3) By Distribution Channel : Business-To-Business (B2B), Business-To-consumer (B2C)
4) By End User: Food Processing Industry, Food Service Provider, Retail And Household

Subsegments:
1) By Fish: Salmon, Tuna, Cod, Haddock, Other Fish
2) By Crustaceans: Shrimp, Crabs, Lobsters, Prawns, Other Crustaceans
3) By Shellfish: Oysters, Clams, Mussels, Scallops, Other Shellfish
4) By Mollusca: Squid, Octopus, Cuttlefish, Other Mollusca
5) By Other Types: Seaweed, Fish Roe, Other Specialty Seafood Products

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What regions are at the forefront of frozen seafood market expansion?
Asia-Pacific was the largest region in the frozen seafood market share in 2024. The regions covered in the frozen seafood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the frozen seafood market?
Major companies operating in the frozen seafood market include Toyo Suisan Kaisha Ltd., Maruha Nichiro Corporation, Mowi ASA, Nippon Suisan Kaisha Ltd., Thai Union Group Public Company Limited, Nomad Foods Limited, Findus Group Limited, Lerøy Seafood Group ASA, AquaChile S.A., Empresas AquaChile S.A., Royal Greenland A/S, High Liner Foods Inc., Ocean Beauty Seafoods LLC, Tassal Group Limited, Pacific Seafood, Clearwater Seafoods Incorporated, Trident Seafoods Corporation, Bumble Bee Foods LLC, Surapon Foods Public Company Limited, Apex Frozen Foods Limited, Beaver Street Fisheries Inc., Mazetta Company LLC, Cooke Aquaculture Inc., Alliance Select Foods International Inc., Siam Canadian Group Limited, J. Sykes & Sons, Castlerock Inc., Tri Marine International Inc., Friosur S.A., Europêche

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What Is Covered In The Frozen Seafood Global Market Report?

•Market Size Forecast: Examine the frozen seafood market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the frozen seafood market for a structured understanding.
•Key Players Overview: Analyze major players in the frozen seafood market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the frozen seafood market.
•Segment Contributions: Evaluate how different segments drive overall growth in the frozen seafood market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the frozen seafood market.
•Industry Challenges: Identify potential risks and obstacles affecting the frozen seafood market.
•Competitive Landscape: Review strategic developments in the frozen seafood market, including expansions, agreements, and new product launches.

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