Dublin, Aug. 30, 2022 (GLOBE NEWSWIRE) — The “Global Frozen Fish & Seafood Product Market Outlook, 2027” report has been added to from ResearchAndMarkets.com offer.
Nowadays, consumers are adopting a healthy lifestyle, which has led to a high demand for healthy foods with nutritional value. However, seafood contains a lot of protein, few calories, and several vitamins and minerals. Eating seafood lowers the risk of heart attack, stroke, hypertension and obesity. It also provides essential nutrition to infants and children for their development. Seafood is one of the best diet foods for obese people. It consists of low total fat and saturated fat; most fish contain less than 5% fat.
Additionally, fish contain omega-3 fatty acids, which have multiple health benefits for humans. In addition, increasing demographic shifts in food preferences due to the influence of knowledge gained from the tourism scale on health awareness and the increase in the number of players in the food industry hospitality and tourism contribute positively to the expansion of frozen fish and seafood food products worldwide.
This report provides a comprehensive overview of the growing adaptation of frozen fish and seafood products. With increased awareness of the benefits of fish and other seafood on the heart, more and more people are asking for frozen seafood because it is easier to clean than fresh fruit. The frozen seafood market includes dried fish, tuna, salmon, lobster and shrimp. Freezing seafood increases its shelf life without losing its nutritional content, also available at a great price compared to raw seafood.
The global frozen seafood market is expected to see increased competition in the market with the emergence of new players. Due to the growing adaptation of frozen seafood, the market is expected to grow above 5% CAGR by 2027. Seafood businesses have been bolstered by their operation towards retail and many seafood suppliers have moved to online distribution networks. .
The wild fish trend is another key factor driving the growth of the frozen fish and seafood market. Many consumers cite wild seafood with taste, health and freshness. Since fish from its natural habitats can only be harvested on a seasonal basis, companies are increasing their efforts to freeze wild-caught fish to ensure a year-round supply.
Companies in the frozen fish and seafood market are increasing their efforts to maintain the superior quality of their products to comply with international food safety standards. It has been found that unfrozen fish is subject to rapid spoilage and has a shorter shelf life. Therefore, many consumers prefer frozen fish and seafood. However, the common concept that fresher is always better is gaining momentum in the frozen fish and seafood market.
Growing consumer interest in product quality and safety is seen in both developed and developing country markets, particularly in Europe and North America. The increasing focus on the source of raw materials is due to the high use of synthetic chemicals and pesticides in the aquaculture sector, especially in developing countries. This has caused manufacturers to focus more on feeds supplied to marine animals in the aquaculture industry.
The aquaculture industry expects strong demand for premium seafood products, including organic frozen fish and seafood, attracting consumers looking for a better product with high nutritional content required for a prudent and healthy life. Frozen fish and seafood manufacturers use different attractive promotional activities to improve their sales in the market.
The demand for high-end products is currently majority in the developed regions, and is also expected to increase in the developing regions in the coming years, due to the changing lifestyle of consumers and the increase in income per inhabitant of consumers. However, more and more people have started eating seafood as it helps with different health issues. Nevertheless, there is no proven validation of its nutritional value in the market as it is processed food.
The increase in disposable income and the preference for foods that facilitate cooking and eating have gained considerable importance, especially among the urban population due to their busy lifestyles. Additionally, there is an increase in awareness of the health benefits of seafood. Ease of access and availability of various varieties of seafood under one roof through the establishment of large retail chains, especially in developing countries, is helping to propel the expansion of the market.
However, overfishing has become a major concern not only for fisheries but also for the environment. Overfishing could lead to a decrease in the availability of fish, which in turn increases the prices of frozen seafood, ultimately hampering market growth. In addition, the adoption of blast freezing technology to freeze seafood can help produce superior quality products and the use of heated containers that will allow consumers to cook their food products instantly, can be considered a opportunity by manufacturers to broaden the market base.
Impacts of COVID-19
The spread of the global COVID-19 pandemic has caused unprecedented disruption to the seafood industry. Governments have shut down fish markets and shut down processing plants. Several regions affected by the virus have restricted the import-export of frozen fish and seafood, resulting in huge losses for seafood manufacturers. Online presence and local sourcing seem to be among the best for generating revenue in the industry. Additionally, frozen seafood is in demand during lockdown as it has a longer shelf life than fresh seafood.
Main topics covered:
2. Report methodology
3. Market structure
3.1. Market Consideration
3.2. Market definition
4. Economic/demographic overview
5. Global Frozen Food Market Outlook
5.1. Market size by value
5.2. Outlook for the global frozen potato market
5.3. Outlook for the global frozen fruit and vegetable market
5.4. Outlook for the global frozen ready meals market
5.5. Outlook for the global frozen meat and poultry market
5.6. Outlook for the global frozen fish and seafood market
5.7. Market share
5.7.1. By region
5.7.2. By company
5.7.3. By product type
5.7.4. By freezing technique
5.7.5. Per end user
5.7.6. By sales channel
6. North America Frozen Fish and Seafood Market Outlook
6.1. U.S. Frozen Fish and Seafood Market Outlook
6.2. Market outlook for frozen fish and seafood in Canada
6.3. Mexico Frozen Fish and Seafood Market Outlook
6.4. Outlook for the frozen food market in the rest of North America
7. Europe Frozen Fish and Seafood Market Outlook
7.1. Outlook for the UK frozen fish and seafood market
7.2. Outlook for the frozen fish and seafood market in Germany
7.3. Outlook for the frozen fish and seafood market in France
7.4. Market outlook for frozen fish and seafood in Italy
7.5. Market outlook for frozen fish and seafood in Russia
7.6. Outlook for the frozen fish and seafood market in Spain
7.7. Outlook for the frozen fish and seafood market in the rest of Europe
8. Asia-Pacific Frozen Fish and Seafood Market Outlook
8.1. Outlook for China’s frozen fish and seafood market
8.2. Market Outlook for Frozen Fish and Seafood in Japan
8.3. Australian frozen fish and seafood market outlook
8.4. Market Outlook for Frozen Fish and Seafood in India
8.5. Outlook for the frozen fish and seafood market in the rest of Asia-Pacific
9. Latin America Frozen Fish and Seafood Market Outlook
9.1. Market outlook for frozen fish and seafood in Brazil
9.2. Market Outlook for Frozen Fish and Seafood in Argentina
9.3. Market Outlook for Frozen Fish and Seafood in Chile
9.4. Columbia Frozen Fish and Seafood Market Outlook
9.5. Outlook for the frozen fish and seafood market in the rest of Latin America
10. Middle East Frozen Fish and Seafood Market Outlook
10.1. UAE Frozen Fish and Seafood Market Outlook
10.2. Saudi Arabia Frozen Fish and Seafood Market Outlook
10.3. Market Outlook for Frozen Fish and Seafood in Israel
10.4. Outlook for the frozen fish and seafood market in the rest of the Middle East
11. Africa Frozen Fish and Seafood Market Outlook
11.1. Outlook for the frozen fish and seafood market in South Africa
11.2. Outlook for the frozen fish and seafood market in the rest of Africa
12. Policy and Regulations
13. Market Dynamics
13.1. Market factors
13.2. Market challenges
14. Market trends and developments
15. Competitive Landscape
15.1. Porters Five Force Model
15.2. Company Profiles
15.2.1. Incorporation of Cargill
15.2.2. Nomadic foods
15.2.3. Rich product company
15.2.4. Al Kabeer Group
16. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/xe8yhz
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