Latest News- Processed Seafood Market: Frozen seafood is expected to lead the Product segment during 2024-2028

The Processed Seafood Market is being driven by High demand of protein-rich and ready-to-eat seafood

The Processed Seafood Market is expected to grow at a CAGR of 8.08% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 76.1 billion. In today's fast-paced world, consumers seek convenience in their food choices to save time on meal preparation and cleanup. Processed seafood vendors capitalize on this trend by offering ready-to-eat meals, such as frozen fish and seafood products. Whitefish species like pollock, Alaska pollock, and pangasius are popular choices due to their versatility and ease of processing. Advanced refrigeration techniques enable the production and distribution of these convenience foods, catering to the growing number of single-person and smaller households, as well as the increasing number of working women. The demand for such products continues to rise, making the processed seafood market an attractive business opportunity. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Frozen seafood
  • Canned seafood
  • Smoked seafood
  • Others
• Distribution Channel
  • Offline
  • Online
• Processing Method
  • Preserved
  • Ready-to-Cook
  • Ready-to-Eat
• Source
  • Fish
  • Crustaceans
  • Mollusks
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Middle East and Africa
    • Egypt
  • South America
    • Brazil
    • Argentina

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

• High demand of protein-rich and ready-to-eat seafood
• Technological advancements in seafood processing
• Demand for sustainability and traceability

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

• Growing popularity of vegan seafood
• Stringent government regulations and guidelines on seafood
• High cost associated with production of processed seafood

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Market Scope in Processed Seafood Market Research Report

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Research Analysis Overview

The processed seafood market prioritizes various aspects to ensure product quality and consumer satisfaction. These include seafood sanitation protocols, optimization of product yield, and processing efficiency metrics. Consumer preference mapping, ingredient functionality, and allergen control are also crucial. Heavy metal and toxin detection, microbial enumeration methods, and sensory attribute analysis are essential for food safety. Product labeling regulations, seafood authenticity testing, lipid oxidation control, and chilled and frozen seafood storage are important for transparency and quality. Seafood dehydration methods, sous vide processing, hydrolyzed protein, fermentation, drying technology, smoking techniques, pasteurization, and packaging design contribute to product innovation and shelf-life prediction models. An effective seafood distribution network ensures timely delivery and maintains the integrity of these processes.

Market Research Overview

The processed seafood market encompasses vendors engaged in fish filleting techniques, surimi production processes, and seafood freezing methods to manufacture value-added seafood products. The global packaged foods and meats market, which includes this sector, is a significant segment of the food processing industry. According to Technavio, the market's size is determined by the consolidated revenue of its participants. This market excludes equipment manufacturers and producers of packaged beverages. Key growth drivers for the global packaged foods and meats market include the health benefits linked to the consumption of minimally processed foods. Minimally processed seafood, such as fish fillets and surimi, are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. As health consciousness increases, the demand for these nutrient-dense seafood products is projected to rise, propelling market 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/