About Frozen Seafoods
Frozen Seafood is a preserved food in the freezer before the cooking process. With the help of freezing process lifespan of that food can be increased for period of time. Freezing process helps in maintaining quality and consistency. and Rise in demand for Seafood market from isolated location is one of the key factor driving the market. Frozen Seafood has got its importance worldwide as it contains high quality contain and other essential nutrients which is an important part of a healthy diet. Nearly 90% of exports of marine products are in the frozen form. The Frozen sea food is anticipated to witness a substantial growth in upcoming decades due to globalization
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AquaChile (Chile), Beijing Princess Seafood International Trading (China), Clearwater Seafood (Canada), High Liner Foods (CanadA), Iglo Group (United Kingdom), Leroy Seafood (Norway), Austevoll Seafood (Norway), Toyo Suisan Kaisha (Japan), Sajo Seafood Co. Ltd. (South Korea), Marine International (United States), Surapon Foods Public (Thailand) and Tassal Group (Australia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Tri Marine International (United States), Collins Seafoods (U.K.) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Frozen Seafoods market by Type (Shrimps, Crustaceans, Shellfish, Mollusks and Others), Application (Supermarkets and Hypermarkets, Seafood Specialist Retailers and Other) and Region.
On the basis of geography, the market of Frozen Seafoods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Demand for Sealed and Tamper-proof Steel Container Food is High, as they Protect Food from Harmful Bacteria and Growing Demand for Clean Protein and Green Packaging of Seafood Products
Market Growth Drivers:
Health and Nutritional Benefits Associated With its Consumption and Ease in Transportation and Distribution as Freezing Increases the Shelf Life of Seafood
Challenges:
Maintaining the Quality of Frozen Seafood During Preservation and Damaging Marine Ecosystem Owing to Changing Climatic Conditions
Restraints:
High Cost Associated with Storage of foods and Consumer Negative Perception Regarding Hygiene of Frozen seafood
Opportunities:
Rise in Demand For High Protein Food Especially Among Developed Economies and Consumer Inclination towards Frozen Food prepared with Organic Ingredient
Market Leaders and their expansionary development strategies
In September 2023, U.S.A.-based seafood importer Mark Foods has acquired Arista Industries, a New York City-based distributor of frozen seafood.
In February 2023, Red Lobster is bringing the heat, and seafood, to the frozen aisle with the launch of its first-ever line of seafood products available at retail. Inspired by craveable guest favorites, the NEW retail entrées include Cheddar Bay Biscuit Shrimp, which combines the Cheddar Bay Biscuit with sweet, succulent shrimp, and Coconut Shrimp Bites, both making it easier than ever to enjoy delicious seafood whenever the craving hits.
USDA and FDA has provided guidelines for refrigeration or freezing and nowhere the nutritional degradation or benefits of frozen food items have been mentioned. According to USDA, if purchase previously frozen meat, poultry or fish at a retail store. One can freeze if it has handled properly.
Key Target Audience
Supplier, Manufacture, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners and Governments and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.