Steady Expansion Forecast for Frozen Fish Market, Projected to Reach $40.33 Billion by 2029

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Frozen Fish Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The dimension of the frozen fish market has seen a robust expansion in the last few years. It is predicted to rise from $26.76 billion in 2024 to an impressive $29.13 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. This upward trajectory in the precedent period can be traced back to factors such as rise in urbanization, hectic lifestyles, substantial investment in cold chain logistics, a growing desire for protein-dense diets, increased government backing for sustainable fishing methods, and heightened public consciousness about the health advantages of fish intake.

Frozen Fish Market Size Forecast: What's the Projected Valuation by 2029?
The market size for frozen fish is predicted to experience significant growth in the forthcoming years, peaking at $40.33 billion in 2029 with an 8.5% compound annual growth rate (CAGR). This escalation is due to a variety of factors during the forecast period such as increased fishery and aquaculture output, a heightened awareness of environmental concerns, an expansion in e-commerce and online retail outlets, a strengthened demand for fish products, and a rising preference for high-end products and unique species of fish. Other pertinent trends within this period include advancements in technology, the proliferation of ready-to-eat items, innovative packaging solutions for extending product shelf life, availability of diverse frozen fish species, and supply of fish that is free from mercury and other contaminants.

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What Are the Drivers Transforming the Frozen Fish Market?
The future growth of the frozen fish market is anticipated to be propelled by the rising production from fisheries and aquaculture. Fisheries describe the industry that's focused on catching, processing, and selling fish, while aquaculture refers to the deliberate breeding, cultivation, and gathering of fish along with other aquatic organisms within managed settings. Factors contributing to this increasing production include technological progress, innovative breeding techniques, an escalating demand for seafood globally, supportive governmental policies, and augmented sustainability procedures. Developing freezing technologies and upgraded methods of processing in fisheries and aquaculture ensure the nutritional value, texture, and taste of the frozen fish doesn't degrade. Quick freeze techniques help maintain freshness and mitigate any loss in fish quality during transit and storage. For instance, in March 2024, the Department of Agriculture and Water Resources, an Australian government organ, projected that Australia's fisheries and aquaculture sectors will yield an average revenue of $3.48 billion annually from 2024-25 to 2028-29. It was also forecasted that the total volume of output will grow by 1%, achieving 296,000 tons for 2024-2025 in contrast to 2022-2023. Thus, the growing production from fisheries and aquaculture is bolstering the expansion of the frozen fish market.

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What Long-Term Trends Will Define the Future of the Frozen Fish Market?
Leading companies in the frozen fish market are striving to develop inventive products such as Asian-themed frozen fish, aiming to cater to changing customer preferences and widen their market footprint in the burgeoning frozen fish sector. The term Asian-inspired frozen fish denotes frozen fish items seasoned, cooked, or styled to emulate flavors, ingredients, and culinary styles typical in Asian food. The goal of these products is to attract customers who want easy yet tasty options that encapsulate the essence of Asian food traditions. For example, Young's Seafood, a UK-based seafood specialist that produces and sells fresh, chilled, and frozen seafood, introduced an array of coated fish items influenced by Asian gastronomy under its Gastro band in February 2024. This 'Taste of Asia' assortment composes of four exclusive products with tastes influenced by distinctive Southeast Asian food, like Korean, Thai, and Japanese. These innovative items target to offer consumers a simple method to include more seafood in their meals, delivering a variety of taste profiles and thrilling new food options beyond the conventional fish and chips.

Which Segments in the Frozen Fish Market Offer the Most Profit Potential?
The frozen fish market covered in this report is segmented -

1) By Type: Salmon, Tuna, Cod, Tilapia, Shrimp, Other Types
2) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Retail
3) By End Use: Food Processing Industry, Food Service Provider, Retail Or Household

Subsegments:
1) By Salmon: Atlantic Salmon, Pacific Salmon
2) By Tuna: Yellowfin Tuna, Skipjack Tuna, Bluefin Tuna
3) By Cod: Atlantic Cod, Pacific Cod
4) By Tilapia: Farmed Tilapia, Wild-Caught Tilapia
5) By Shrimp: White Shrimp, Black Tiger Shrimp, Vannamei Shrimp, Other Shrimp Varieties
6) By Other Types: Haddock, Mackerel, Sardines, Pollock, Other Fish Varieties

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Which Firms Dominate the Frozen Fish Market by Market Share and Revenue in 2025?
Major companies operating in the frozen fish market are Maruha Nichiro Corporation, Mowi ASA, Nissui Corporation, Austevoll Seafood ASA, Nomad Foods Limited, SalMar ASA, Nueva Pescanova Group, Cooke Inc., High Liner Foods Inc., Camanchaca Inc, Clearwater Seafoods Incorporated, Tassal Group Limited, Iceland Seafood International hf, Dongwon Industries Co Ltd, Zhangzidao Group Co Ltd, Hansung Enterprise Co Ltd, Surapon Foods Public Company Limited, Lyons Seafoods Limited, FCF Fishery Company Ltd, Chicken of the Sea International, Lerøy Seafood Group ASA, AquaChile SA, Bright Star Group LLC, Marine Harvest Group

Which Regions Offer the Highest Growth Potential in the Frozen Fish Market?
North America was the largest region in the frozen fish market in 2023. The regions covered in the frozen fish market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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