Seafood is recommended as a part of nutritionally balanced diets. Freezing the seafood creates year-round availability due to increased shelf life. Also, this makes the seafood available at affordable prices without deteriorating the quality and nutrition. The demand for ready to cook/eat food products has been witnessing growth over the recent years due to various factors such as convenience, affordability, high nutritional value, and others. This has consequently increased the demand for frozen sea food owing to its similar characteristics.
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The easy accessibility and availability of various varieties of seafood under one roof through establishment of large retail chains especially in the developing countries helps propel the market expansion. However, overfishing has become a great cause of concern not only to the fisheries but also the environment. Overexploitation could lead to less availability of fish, which in turn increases the prices of frozen seafood, ultimately hampering the market growth.
On the contrary, adopting quick freezing technology to freeze seafood can help produce superior quality of products and using heat-and-eat containers which will allow consumers to cook their food products instantly, can be viewed as an opportunity by the manufacturers to expand the market base.
The frozen seafood market is segmented based on type, distribution channel, and region. Based on type, it is classified into frozen shrimps, frozen fish, frozen shellfish, frozen mollusks, and others. Based on distribution channel, it is divided into online retail, supermarket/hypermarket, convenience stores, specialty stores, and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the frozen seafood market include Seven Seas, IFC Frozen Seafood, Sterling Seafood, Clifton Seafood Company, Lotus Seafood Inc., Kangamiut Seafood, Marine Foods, Viet Asia Foods, American Seafoods Company LLC, and Apex Frozen Foods Ltd.
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KEY BENEFITS FOR STAKEHOLDERS
- The report provides an in-depth analysis of the current trends, drivers, and dynamics of the frozen seafood market to elucidate the prevailing opportunities and tap the investment pockets.
- It offers qualitative trends as well as quantitative analysis of the global market from 2018 to 2025 to assist stakeholders to understand the market scenario.
- In-depth analysis of the key segments demonstrates type of frozen seafood and its distribution channels.
- Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
- Key market players are profiled to understand the competitive outlook of the market.
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Key Market Segments
By Type
Frozen Shrimps
Frozen Fish
Frozen Shellfish
Frozen Mollusks
Others
By Distribution Channel
Online Retail
Supermarket/Hypermarket
Convenience Stores
Specialty Stores
Others