Frozen Seafood Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Frozen Seafood Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Frozen Seafood Market?
The market size of frozen seafood has experienced solid growth in the past few years. Projected to increase from $23.53 billion in 2024 to $25.04 billion in 2025, the compound annual growth rate (CAGR) is anticipated to be 6.4%. The growth during the historic period can be credited to the rising demand for convenience foods, enhanced globalization and trade growth, health and nutrition trends, advancements in packaging solutions, as well as changes in consumer preferences.

Expectations are high for the frozen seafood market to experience robust expansion in the upcoming years, with projections suggesting it will reach $31.19 billion in 2029, boasting a compound annual growth rate (CAGR) of 5.6%. This forecasted growth can be linked to factors such as premiumization and the popularity of ready-to-cook options, culinary discovery, consumer education, and global trade and market expansion. The focus on quality control and food safety norms, as well as product innovation and diversification, also contribute to this predicted rise. Key trends anticipated during the forecast period encompass increasing health and nutrition consciousness, prioritizing convenience and time-efficiency, commitment to sustainability and ethical sourcing, continuous innovation in product variety, and educational initiatives coupled with culinary exploration.

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What Are the Different Frozen Seafood Market Segments?
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 Are the Primary Drivers Shaping the Frozen Seafood Market?
The surge in seafood consumption is set to fuel advancements in the frozen seafood market. Seafood refers to any edible marine organism and is gaining popularity due to the health benefits it offers. Preserving seafood by freezing is key to retaining its taste, texture, color, and form, consequently, increased seafood consumption escalates frozen seafood market demand. For example, a report released by the Food and Agriculture Organization (FAO), a specialized United Nations agency in Italy, in July 2023 projects an increase in the universal per capita consumption of food fish to 21.2 kg by 2032, from an average of 20.4 kg during 2020-2022. Furthermore, 90% of fish production is projected to be for human consumption by 2032, an increase from 88% during 2020-2022. By 2032, human fish consumption is predicted to surge 14%, totaling 182 million tons. Hence, the amplified seafood consumption catalyzes the frozen seafood market growth.

Which Companies Are Leading 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

What Frozen Seafood Market Trends Are Gaining Traction Across Different Segments?
Major players in the frozen seafood market are beginning to offer plant-based frozen seafood options to meet the increasing demand for health-conscious and sustainable alternatives. The term 'plant-based frozen seafood' refers to food items that resemble conventional seafood but are made entirely from plant-sourced ingredients, providing a solution for consumers searching for sustainable and non-cruelty alternatives. For example, Konscious Foods, a seafood company located in the United States, unveiled the first-ever plant-based 'raw' frozen seafood products, including sushi, nigiri, and poke bowls, in July 2023. This product not only fulfills the rising demand for sustainable seafood substitutes but also underlines the company's commitment to environmental responsibility and creative food technology.

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What Are the Top Revenue-Generating Geographies in the Frozen Seafood Market?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Frozen Seafood Market?
2. What is the CAGR expected in the Frozen Seafood Market?
3. What Are the Key Innovations Transforming the Frozen Seafood Industry?
4. Which Region Is Leading the Frozen Seafood Market?

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