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Frozen Fish and Seafood Market by Product (Frozen Fish, Frozen Shrimp, Frozen Shellfish, Other) by Application (Direct Consumption, Processing Consumption): Industry Analysis, Trends, Growth and Forecast 2023-2028

“Frozen Fish and Seafood Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global frozen fish and seafood market. Fish and seafood products are a rich source of proteins, essential fatty acids, and micronutrients and are considered an ideal substitute for red meat. Freezing fish and seafood helps preserve their taste and nutritional value, prevent bacterial growth, and enhance the shelf-life. The frozen fish and seafood products, such as shrimps, salmon, and tuna, are frozen using the cryofreezing technique, which helps retain the nutritional content of the products. Apart from this, frozen fish and seafood are an excellent source of omega-3 fatty acids, which helps lower blood pressure and cholesterol and maintain heart health. Thus, frozen fish and seafood products are witnessing a considerable demand over fresh and canned fish and seafood products.

The rising awareness regarding the health benefits of fish and seafood products and the rapid expansion of the aquaculture industry are some of the key factors primarily driving the frozen fish and seafood market growth. The use of innovative freezing techniques and the high nutrition and cost-effectiveness of the products are bolstering the market growth. Furthermore, the increasing demand for ready-to-cook (RTC) food products has significantly surged the demand for frozen fish and seafood. These products help reduce the preparation time and have a similar nutritional value as fresh food products. The rising preference for trying new cuisines and the inflating consumer per capita income are some of the other growth contributing factors. Other factors, such as expanding cold chain infrastructure and the preimmunization of food products, are creating a positive outlook for the market.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the frozen fish and seafood market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the frozen fish and seafood market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the frozen fish and seafood market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the frozen fish and seafood Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the frozen fish and seafood Industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the frozen fish and seafood Industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the frozen fish and seafood Industry. Furthermore, the value chain analysis of the frozen fish and seafood Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Segmentation by Product:

  • Frozen Fish
  • Frozen Shrimp
  • Frozen Shellfish
  • Other

Segmentation by Application:

  • Direct Consumption
  • Processing Consumption

Segmentation by Region:

  • Asia-Pacific
  • Europe
  • Latin America
  • North America
  • Middle East & Africa

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of the leading players operating in the market are:

  • Austevoll Seafood
  • Toyo Suisan Kaisha
  • Lyons Seafoods
  • Sajo Industries
  • Surapon Foods

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the frozen fish and seafood industry along the parameters of the porter’s five forces model. This model examines the degree of competition in the frozen fish and seafood industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the frozen fish and seafood industry. Furthermore, the value chain analysis of the frozen fish and seafood industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of The Frozen Fish and Seafood Market

  • Historical and current scenario
  • Trends and developments
  • Impact of COVID-19
  • Market forecast
  • Price analysis and forecast
  • Porter’s five forces analysis
  • SWOT analysis
  • Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the frozen fish and seafood industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.

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