Increasing Fisheries And Aquaculture Production Fuels Market Expansion: Key Factor Driving The Growth In The Frozen Fish Market

The Frozen Fish 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 Expected Frozen Fish Market Size During the Forecast Period?
The frozen fish market size has grown strongly in recent years. It will grow from $26.76 billion in 2024 to $29.13 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increasing urbanization and busy lifestyles, increasing investment in cold chain logistics, increasing demand for protein-rich diets, increasing government support for sustainable fishing practices, and increasing awareness of the health benefits of fish consumption.

The frozen fish market is set to grow to $40.33 billion by 2029 at a CAGR of 8.5%. Growth factors include rising production from fisheries and aquaculture, increasing environmental awareness, expanding e-commerce and online retail, growing demand for fish products, and the popularity of premium and exotic fish. Major trends include technological advancements, ready-to-eat products, packaging innovations to extend shelf life, and demand for low-mercury, contaminant-free fish.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16429

What Are the High-Growth Segments in the Frozen Fish Market?
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

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16429&type=smp

What Key Drivers Are Expected to Influence Future Frozen Fish Market Growth?
The increasing production of fisheries and aquaculture is expected to fuel the growth of the frozen fish market in the coming years. Fisheries involve the harvesting, processing, and selling of fish, while aquaculture refers to breeding and raising fish in controlled environments. The rise in fisheries and aquaculture production is driven by factors like technological improvements, better breeding techniques, increased global seafood demand, supportive government policies, and enhanced sustainability practices. Advances in freezing technologies and processing techniques ensure that frozen fish retains its nutritional value, flavor, and texture. For example, in March 2024, the Department of Agriculture and Water Resources in Australia forecast that the country's fisheries and aquaculture sectors would generate an average of $3.48 billion annually from 2024 to 2028. Additionally, the total output is expected to rise by 1%, reaching 296,000 tons by 2024-2025 compared to 2022-2023. Therefore, the rising production of fisheries and aquaculture is driving the growth of the frozen fish market.

Which Companies Hold the Largest Share Across Different Frozen Fish Market Segments?
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

What Trends Are Expected to Dominate the Frozen Fish Market in the Next 5 Years?
Major corporations in the frozen fish sector are striving to introduce innovative items such as Asian-inspired frozen fish, as part of their strategy to cater to evolving consumer preferences and increase their stake in the burgeoning frozen fish market. Asian-inspired frozen fish typically includes frozen fish products prepared, seasoned or presented in a style reminiscent of Asian culinary techniques, flavors, and ingredients. These offerings cater to consumers in search of tasty yet convenient meals reflecting Asian gastronomic traditions. For instance, in February of 2024, Young's Seafood, an enterprise based in the UK renowned for its production and distribution of frozen, fresh and chilled seafood, unveiled a collection of breaded fish items inspired by Asian food culture as part of its Gastro brand. The limited-edition 'Taste of Asia' range introduces four products featuring flavors inspired by authentic Southeast Asian dishes, including Korean, Thai, and Japanese cuisines. These innovative additions to their product line aim to give consumers a straightforward way to increase their seafood consumption, presenting a broad range of flavor profiles and interesting alternative options to the usual fish and chips.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/frozen-fish-global-market-report

What Are the Emerging Geographies for The Frozen Fish Market Growth?
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.

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

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.