Frozen Seafood Market Overview:
As per the analysis shared by industry reports and research, the Frozen Seafood market is estimated to grow at a CAGR of around 5.70% between 2024 and 2032. The Frozen Seafood Market was valued at around USD 14579.5 Million in 2023 and is projected to reach USD 22716.55804 Million by 2032. By product, the frozen fish segment contributes to a major market portion.
Canada Frozen Seafood Market is thriving, driven by factors such as the country's vast coastline, abundant seafood resources, and increasing consumer demand for convenient and nutritious food options. In the Canadian frozen seafood market, consumers have access to a wide variety of frozen seafood products, including fish, shellfish, and value-added seafood items. The market's growth is fueled by advancements in freezing technology, which ensure that frozen seafood products retain their freshness, flavor, and nutritional value. Additionally, the convenience of frozen seafood appeals to Canadian consumers, who value quick and easy meal solutions without compromising on quality or taste.
Seafood is recommended to be a part of nutritionally balanced diets. Freezing the seafood creates year-round availability owing to the increased shelf life. Also, this makes the seafood available at affordable prices at various places without deteriorating the quality and nutrition. The demand for ready-to-cook or eat food products has been witnessing growth over the recent years due to various factors such as convenience, affordability, high nutritional value, and others. It has consequently increased the demand for frozen sea food owing to its similar characteristics.
There has been a rise in disposable income of the global target audience. The preference for food that provides convenience in cooking and consumption has gained profound importance, especially among the urban populace owing to the busy lifestyle. There has been an increase in awareness of the health benefits of seafood. It boosts the demand for frozen seafood. The easy accessibility and availability of various varieties of seafood under one roof through the establishment of large retail chains, especially in developing countries, help propel the market expansion. However, overfishing has become a great cause of concern to the fisheries and the environment. Overexploitation could lead to less availability of fish, which increases the prices of frozen seafood, ultimately hampering the global market growth.
Key Players:
The operating in the global Key Frozen Seafood Market Companies include the following:
● Seven Seas
● Apex Frozen Foods Ltd.
● IFC Frozen Seafood
● Kangamiut Seafood
● American Seafoods Company LLC
● Sterling Seafood
● Viet Asia Foods
● Clifton Seafood Company
● Marine Foods
● Lotus Seafood Inc.
Regional Analysis:
Geographically, the global Frozen Seafood industry can be divided into major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Globally, among all regions, North America has developed as the dominant region in the global Frozen Seafood market, followed by Europe and the Asia Pacific.
The increasing demand for Frozen Seafood as a thickening agent in various end-use applications in the North American region has strengthened the growth of the global Frozen Seafood market. Hence, it is projected to significantly expand the revenue contribution of the market over the forecast period.
Market Segmentations:
The frozen seafood industry has been segmented based on type, distribution channel, and region. The market is classified into frozen shrimps, frozen fish, frozen shellfish, frozen mollusks, and others. It is divided into online retail, supermarket/hypermarket, convenience stores, specialty stores, and others based on distribution channels.
Industry News:
Many consumers are shifting their preference to frozen foods over canned foods because, in frozen foods, the nutrients do not get destroyed, and hence the food products are consumed worldwide. Such frozen seafood products maintain the quality of the products and are mostly consumed globally. Therefore, the global Frozen Seafood market is expected to observe robust growth over the forecast period.
Related Reports:
Vegan Butter Market Research Report Information By Type (Vegetable Butter, Nut Butter), Packaging Type (Tubs/Cups, Jars/Bottles), By Distribution Channel (Store-Based And Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
Rapport d'étude de marché sur la caroube : informations par catégorie (conventionnelle, biologique), forme (poudre, gomme, autres), application (boulangerie et confiserie, produits laitiers, snacks, autres) et région (Amérique du Nord, Europe, Asie-Pacifique, reste du monde) — Prévisions jusqu'en 2032
Wasabi-Marktforschungsbericht: Informationen nach Produkttyp (Pulver, Pasten und Saucen, andere), Verpackungsart (Flaschen und Gläser, Tuben, Beutel und Beutel, andere), Vertriebskanal (Ladenbasiert, nicht im Geschäft) und Region - Prognose bis 2032
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek