Frozen Seafood Market Size and Forecast to 2025

1. Increasing awareness of health benefits drives Global Frozen Seafood Market Market overview: The global Frozen Seafood Market was worth USD 36 billion in 2019, and it is estimated that it will reach a valuation of USD 59 billion by 2025 at a CAGR of 7.3% during the conjecture period. Frozen seafood is processed frozen to increase the shelf life of food while helping to inhibit the growth of bacteria in food. Frozen seafood is processed in two processes: quick freezing and cryogenic, also known as mechanical. Frozen seafood is primarily frozen by cryogenic freezing, the most popular freezing technique due to the presence of ultra-low liquid nitrogen at -196 degrees Celsius. Many manufacturers of frozen seafood around the world use cryogenic refrigeration technology to help keep them fresh, including solid carbon dioxide or liquid nitrogen, which is applied directly to frozen seafood. Using the latest freezing technology, frozen seafood can be stored for a long time. Market Drivers and Restrains: Frozen seafood is prepared using cryogenic technology that helps inhibit bacterial growth in frozen seafood. The driving force behind the global frozen seafood market is increasing the demand for such food around the world. Using the latest freezing technology, frozen seafood can be stored for a long time. Manufacturers focus on offering healthier products. Many manufacturers of frozen seafood around the world use cryogenic refrigeration technology to help keep them fresh, including solid carbon dioxide or liquid nitrogen, which is applied directly to frozen seafood. This frozen seafood is mainly consumed around the world as they maintain the quality of their products. Many consumers are changing their preference for frozen foods over canned foods because nutrients are not destroyed in frozen foods, which is why foods are consumed worldwide. Therefore, the global frozen seafood market is expected to show strong growth during the forecast period. The market for frozen seafood is expected to grow despite the growing demand for fresh produce. Additionally, fresh seafood can open up new opportunities as advanced storage facilities can keep a variety of seafood fresh for long periods of time. Increased disposable income in developing countries, increased awareness of the health benefits of seafood, and advances in

2. processing and storage capacities are expected to help grow fresh seafood in a Next future. Overexploitation can reduce fish availability, increase the price of frozen seafood, and ultimately hamper market growth. To know more read: https://www.marketdataforecast.com/market-reports/frozen-seafood-market Report is segmented as: Depending on the type of product, the market can be segmented into crustaceans, shrimp, mollusks, shellfish, etc. Crustaceans dominate the product segment due to their high profit margins and growing demand for high-end exotic seafood. The market can be classified into convenience stores, online stores, supermarkets and hypermarkets, etc. depending on the distribution channels. Geographical Segmentation: North America has become an important region in terms of demand for frozen seafood. The increasing adoption of frozen seafood as a thickener in various food dishes has strengthened the growth of the worldwide market. Europe is another important region after North America and is expected to experience significant growth in the near future due to high consumption of fish and other shellfish, high imports and exports of fish-based products, and increased disposable income. The Asia Pacific region is expected to experience significant growth in the near future due to increased urbanization in developing countries such as China and India. The Middle East and Africa are likely to see significant growth driven by a growing middle-class population and increasing disposable income. Impact of COVID 19 on Frozen Seafood Market The spread of COVID-19, a global pandemic, has caused an unprecedented disruption to the fishing industry as a whole. The government closed the fish market and stopped processing plants. Several regions affected by the virus have restricted the import and export of frozen seafood, causing huge losses for seafood manufacturers. Also, frozen seafood has a longer shelf life compared to fresh seafood, so it is in high demand during the closing period. Key market players:

3. Key players operating in the frozen seafood market are Austevoll Seafood, AquaChile, Collins Seafoods, Clearwater Seafood, High Liner Foods, Surapon Foods Public, Iglo Group, Leroy Seafood, Lyons Seafoods, Tri Marine International, and Marine International. View sample and decide: https://www.marketdataforecast.com/market-reports/frozen-seafood- market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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