Press release
Top Factor Driving Frozen Fish Market Growth in 2025: Increasing Fisheries And Aquaculture Production Fuels Market Expansion
Frozen Fish Market Share
The increasing production of fisheries and aquaculture is expected to fuel the growth of the frozen fish market. Technological advancements and rising global seafood demand are driving the growth of fisheries and aquaculture. Freezing technologies help preserve fish quality, ensuring its freshness, texture, and nutritional value during storage and transportation. For example, the Department of Agriculture and Water Resources projected that Australia's fisheries and aquaculture sectors would generate $3.48 billion annually between 2024 and 2029, highlighting the growing importance of the frozen fish market.
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What is the projected compound annual growth rate (CAGR) of the frozen fish market from 2025 to 2034, and what factors influence it?
The frozen fish market has seen strong growth in recent years. It will expand from $26.76 billion in 2024 to $29.13 billion in 2025, with a CAGR of 8.8%. This increase is due to the growing urbanization, busy lifestyles, investments in cold chain logistics, and greater awareness of the health benefits of consuming fish.
The frozen fish market is expected to grow to $40.33 billion by 2029 at a CAGR of 8.5%. Growth drivers include increased fisheries and aquaculture production, environmental awareness, the rise of e-commerce and online retail channels, and demand for premium and exotic fish products. Trends include technological advancements, the availability of ready-to-eat products, innovations in packaging for extended shelf life, exotic fish varieties, and fish that are low in mercury and contaminants.
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How are the latest trends influencing the growth of the frozen fish market?
Major players in the frozen fish market are developing products like Asian-inspired frozen fish to meet shifting consumer preferences. In February 2024, Young's Seafood, based in the UK, introduced the 'Taste of Asia' range under its Gastro brand, offering limited-edition coated fish products inspired by Southeast Asian cuisines like Korean, Thai, and Japanese. These products cater to consumers seeking convenient, flavorful seafood options beyond traditional dishes.
What are the major segments of the frozen fish market and their role in driving growth?
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
Subsegments:
1) By Salmon: Atlantic Salmon, Pacific Salmon
2) By Tuna: Yellowfin Tuna, Skipjack Tuna, Bluefin Tuna
3) By Cod: Atlantic Cod, Pacific Cod
4) By Tilapia: Farmed Tilapia, Wild-Caught Tilapia
5) By Shrimp: White Shrimp, Black Tiger Shrimp, Vannamei Shrimp, Other Shrimp Varieties
6) By Other Types: Haddock, Mackerel, Sardines, Pollock, Other Fish Varieties
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What regions are leading the charge in the frozen fish market?
North America was the largest region in the frozen fish market in 2023. The regions covered in the frozen fish market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the frozen fish market?
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
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What Is Covered In The Frozen Fish Global Market Report?
•Market Size Forecast: Examine the frozen fish market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the frozen fish market for a structured understanding.
•Key Players Overview: Analyze major players in the frozen fish market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the frozen fish market.
•Segment Contributions: Evaluate how different segments drive overall growth in the frozen fish market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the frozen fish market.
•Industry Challenges: Identify potential risks and obstacles affecting the frozen fish market.
•Competitive Landscape: Review strategic developments in the frozen fish market, including expansions, agreements, and new product launches.
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