Sales of Frozen Seafood Market is Set to Increase at Under 5.3% CAGR by 2031

The frozen seafood market (냉동 해산물 시장) has shown steady growth over the past decade and is projected to continue this trend from 2023 to 2031. Rising health consciousness among consumers and the expansion of retail and e-commerce platforms are primary drivers. The market size was valued at US$ 27.3 Bn in 2022 and is expected to reach US$ 42.9 Bn  by 2031, growing at a CAGR of 5.3% during the forecast period.

Get Sample PDF Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38303

Market Segmentation
By Service Type
Retail Services: Supermarkets, hypermarkets, specialty stores, and online retail.
Food Services: Restaurants, hotels, catering services, and quick-service restaurants (QSRs).
By Sourcing Type
Wild-Caught: Seafood sourced directly from natural habitats.
Aquaculture: Seafood farmed in controlled environments.
By Application
Household Consumption
Commercial Use: Including restaurants, hotels, and food processing industries.
By Industry Vertical
Food and Beverage
Hospitality
Retail
Healthcare and Institutional Catering
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Regional Analysis
North America

North America holds a significant share due to high consumer demand and well-established retail networks. The U.S. and Canada are the leading markets, with increasing popularity of frozen seafood in everyday meals.

Europe

Europe is another major market, driven by countries like Spain, Italy, and the UK. The presence of a robust aquaculture industry and high seafood consumption rates bolster market growth.

Asia-Pacific

The Asia-Pacific region is expected to witness the fastest growth, propelled by rising disposable incomes, urbanization, and increasing awareness about the health benefits of seafood. China, Japan, and India are key contributors.

Latin America

In Latin America, Brazil and Mexico lead the market due to growing demand for convenient and healthy food options.

Middle East & Africa

The market in the Middle East & Africa is expanding slowly but steadily, with growing urbanization and improving distribution networks.

Market Drivers and Challenges
Drivers
Health Benefits: Increasing awareness of the nutritional benefits of seafood.
Convenience: Rising demand for convenient and easy-to-prepare meal options.
Technological Advancements: Improved freezing techniques enhancing product quality.
Expansion of Retail Chains: Growth of supermarkets, hypermarkets, and online stores.
Challenges
Supply Chain Issues: Challenges in maintaining the cold chain during transportation.
Environmental Concerns: Sustainability issues related to overfishing and aquaculture practices.
Price Volatility: Fluctuating prices of seafood due to varying supply conditions.
Market Trends
Sustainable Practices: Increasing focus on sustainable sourcing and eco-friendly packaging.
Product Innovation: Development of new products and flavors to cater to diverse consumer preferences.
Organic and Natural Products: Growing demand for organic and additive-free frozen seafood.
Online Sales: Surge in online grocery shopping, including frozen seafood.

Place an Order Copy of the Report:
https://www.transparencymarketresearch.com/checkout.php?rep_id=38303<ype=S

Competitive Landscape

The market is highly competitive, with key players investing in product innovation, sustainability, and expanding their distribution networks. Major companies include:

Nomad Foods
Thai Union Group
Maruha Nichiro Corporation
Mowi ASA
Nippon Suisan Kaisha, Ltd.
Future Outlook

The frozen seafood market is poised for robust growth from 2023 to 2031. Increasing consumer demand for healthy and convenient food options, coupled with advancements in freezing technology, will drive market expansion. Companies focusing on sustainability and product innovation will likely gain a competitive edge.

Key Market Study Points
Consumer Preferences: Understanding shifts in consumer preferences towards convenience and health.
Technological Advancements: Analyzing the impact of new freezing technologies.
Sustainability: Assessing the effectiveness of sustainable sourcing practices.
Regional Growth Patterns: Studying growth trends in different regions to identify key markets.

Browse More Reports by TMR:

𝐖𝐚𝐥𝐧𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 (クルミ市場 )- https://www.prnewswire.com/news-releases/walnut-market-size-is-projected-to-reach-usd-11-1-billion-at-a-4-3-cagr-by-2031---transparency-market-research-inc-302032434.html

𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐅𝐥𝐨𝐮𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 (Marché à la farine fonctionnel )- https://www.prnewswire.com/news-releases/functional-flour-market-worth-usd-147-3-billion-by-2031--at-7-6-cagr---report-by-transparency-market-research-inc-302024373.html

About Us:

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.