Industry Insights
The report encompasses the forecast as well as analysis of the frozen seafood market on the global and regional levels. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million) and volume (Kilo Tons). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the frozen seafood market report.
We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the frozen seafood market in our study.
Our study also includes analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis.
The report also offers in-depth analysis of the market share of each industry player and gives outline of the market position of key players in the frozen seafood market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new products launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the frozen seafood market.
The study provides a decisive view of the Frozen Seafood market by segmenting the frozen seafood market based on type, distribution channel, and regions. All the segments have been analyzed based on present and future trends. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Growing investment in the seafood processing industry and high consumer preference for packaged and processed food products are the key factors estimated to drive the market growth in the coming years. Canned tunas are one of the most important products in terms of apparent consumption across European region. Increased per capita consumption of seafood and high demand for frozen tuna, salmon, and cod are the key industry trends across the globe estimated to influence the market demand in the coming years. However, there are certain challenges for the global frozen seafood industry which includes the requirement of well-equipped and advanced fisheries, stringent government regulations and policies, and packaging and labeling standards across the regions and countries.
The Frozen Seafood market is segmented based on type and distribution channel. Type-wise, the market is classified into fish, molluscs, and crustaceans. In terms of distribution channel, the market segment is sectored into supermarket & hypermarket, convenience stores, and online stores.
Key players operating in the frozen seafood industry are AquaChile, Clearwater Seafood, High Liner Foods, Iglo Group, Leroy Seafood, Marine Harvest, Austevoll Seafood, Toyo Suisan Kaisha, Lyons Seafoods, Sajo Industries, Marine Foods B.V., Surapon Foods Public, Tassal Group, Tri Marine International, and Collins Seafoods.
This report segments the Frozen Seafood market as follows:
Global Frozen Seafood Market: Aircraft Type Analysis
- Fish
- Molluscs
- Crustaceans
Global Frozen Seafood Market: Seat Class Analysis
- Supermarket & Hypermarket
- Convenience Stores
- Online Stores
Global Frozen Seafood Market: Regional Analysis
- North America
- U.S
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
Key Pointers Addressed by the Report
- Historical data and forecast analysis of the market
- Drivers and Restraints affecting market dynamics
- Exhaustive analysis about the future market trends
- Comprehensive information about the leading market segments and region
- Strategic developments made by the competitive players and in-depth analysis about its impact on market growth
Table of Content
Key Insights from Primary Research
- According to the primary respondents involved in our research study, the global frozen seafood market is estimated to grow at a compound annual growth rate of 4.5% during 2020-2026
- The primary research estimated that the market will generate the revenue worth USD 28,270 Million by the end of 2020
- In terms of distribution channel segments, supermarkets and hypermarkets are widely preferred sales channel for frozen seafood across different regions.
- The research further suggests that online stores will exhibit significant growth over the forecast period owing to increased digitization and the emergence of online marketing in the field of food retailing and distribution.
- Frozen crustaceans are emerging as important frozen seafood across developed countries owing to value-added nutrients and health benefits associated with its consumption.
Key Recommendations from Analysts
- Our research study on the global frozen seafood industry suggests, there are significant opportunities across emerging economies owing to the growing middle-class population and changing purchasing patterns of consumers for seafood and related processed food.
- The market growth in North America is expected to register a CAGR of 3.5% during 2020-2026 Packaging and labeling standards across different countries is one of the major challenges for new market entrants.
- Growing at a CAGR around 4.5%, online stores are estimated to emerge as an important sales channel for frozen seafood. Moreover, online retailing is estimated to boost the company’s international business.
- Our research analysts have identified China as one of the key importers of frozen seafood across the globe.
Market Value Share, by Product Type:
Industry Major Market Players
- AquaChile
- Clearwater Seafood
- High Liner Foods
- Iglo Group
- Leroy Seafood
- Marine Harvest
- Austevoll Seafood
- Toyo Suisan Kaisha
- Lyons Seafoods
- Sajo Industries
- Marine Foods B.V.
- Surapon Foods Public
- Tassal Group
- Tri Marine International
- Collins Seafoods.
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