growing desire for convenience is driving the Frozen Fish And Seafood Market
Technavio analyzes that 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.There are various factors that contribute to the growth of the market. The frozen fish and seafood market is experiencing significant growth due to the increasing demand for convenience in today's fast-paced world. Consumers value the ability to have access to high-quality seafood products at any time, without the need for extensive preparation or preservation. Frozen fish and seafood offer a practical solution for individuals and families who desire the health benefits and culinary versatility of seafood, but lack the time or resources for fresh options. Additionally, advancements in freezing technology have made it possible to preserve the freshness and flavor of these products for extended periods, ensuring a superior eating experience. Overall, the frozen fish and seafood market is poised for continued expansion as it caters to the evolving needs and preferences of modern consumers.
The global frozen fish and seafood market's food processing industry segment is a significant contributor to its growth. This sector specializes in the production and distribution of processed frozen fish and seafood items, such as fillets, shrimp, surimi, and crab meat. Processing techniques include freezing, canning, packaging, and value-addition through marination, breading, and seasoning. Companies in this industry prioritize innovation in technology, product development, and sustainability practices to meet consumer demand for premium, sustainable seafood. Key considerations include shelf life, food safety assurance, diverse product offerings, accessibility, and availability. These factors, coupled with health consciousness, protein content, essential nutrients, and cold storage facilities, make the frozen fish and seafood market an essential sector in the global food industry.
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Frozen Fish And Seafood Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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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.
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
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