Latest News- Frozen Fish And Seafood Market: Food processing industry is expected to lead the End-user segment during 2024-2028

The Frozen Fish And Seafood Market is being driven by Growing desire for convenience

The Frozen Fish And Seafood Market is expected to grow at a CAGR of 8.07% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 34.6 billion. The seafood industry experiences robust growth due to its nutritional benefits, including proteins, vitamins, minerals, and essential fatty acids. Consumers prioritize high-quality, fresh seafood, necessitating effective packaging solutions to maintain its quality and freshness throughout the supply chain. Adequate packaging also plays a crucial role in capturing consumer attention. Innovative approaches, such as Lidl's introduction of ocean-bound plastic packaging for their UK seafood products in February 2020, demonstrate industry commitment to sustainability while catering to consumer preferences. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Food processing industry
  • Food service provider
  • Retail and household
  • Animal feed and pet food
• Distribution Channel
  • Offline
  • Online
• Geography
  • Europe
    • Germany
    • France
    • Spain
  • APAC
    • China
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing desire for convenience
• Demand for processed seafood
• Increasing prominence of land-based fish farming

However, the market also witnesses some limitations, which are as follows:

• Stiff competition from fresh and canned fish and seafood
• Risk of contamination followed by product recalls
• Growing popularity of vegan seafood

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Market Scope in Frozen Fish And Seafood Market Research Report

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Research Analysis Overview

The Frozen Fish and Seafood Market is spearheaded by industry leaders like Datassential, High Liner Foods, Premium Seafood Company, Beaver Street Fisheries, The Sirena, and others, according to the MRFR Database. These companies showcased their frozen seafood products at the Seafood Expo. Export destinations include Transparency Market. Frozen seafood, encompassing fish, shellfish, and aquatic delicacies, is preferred for its long shelf life, convenience, and time-saving culinary applications. However, microorganisms pose challenges, leading to food wastage during meal planning due to consumer lifestyles and health consciousness. Frozen seafood offers high protein content, making it an accessible and available option for various culinary applications.

Market Research Overview

The Frozen Fish and Seafood market is a significant segment of the global packaged foods and meats industry, with key players such as Datassential, Seafood Expo, Transparency Market Research (TMR) Database, Beaver Street Fisheries, High Liner Foods, Premium Seafood Company, and The Sirena leading the charge. According to Technavio, the global packaged foods and meats market size is determined by the consolidated revenue of participating vendors. This market excludes food processing equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages. Key growth drivers for the global packaged foods and meats market include the health benefits associated with minimally processed foods. Frozen fish and seafood, as minimally processed options, offer nutrient-rich sources of potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. These health advantages are fueling the market's expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/