As per the survey by Fact.MR, the global raw frozen seafood market is estimated to total a valuation of US$ 27 Bn in 2021. Driven by increasing demand for convenient food across the globe, the market is projected to surpass US$ 43.3 Bn through 2031. Historically, the market registered growth at 3.8% CAGR between 2016 and 2020. However, with the onset of COVID-19, which triggered hoarding practice among consumers as they adopted extended period of self-isolation, the demand for frozen food surged. Driven by this, the sales of organic frozen seafood increased exponentially during the FQ-20.
Consumers around the world are increasing the consumption of frozen and ready-to-eat food also on account of their hectic lifestyle. Recognizing the opportunity, key players are increasing the production of frozen seafood.
Focus on product innovations is therefore at all-time high. For instance, some of the leading manufacturers are increasing the production of frozen shellfish. Demand for frozen shellfish is also increasing as its valuable food source, high nutritive value, and is easily digestible protein.
As per Fact.MR, sales of frozen marine pelagic are set to soar at 4.1% CAGR during the forecast period 2021 and 2031. Due to this many considerations, demand for ready-to-eat and processed frozen fish is increasing globally.
“Leading frozen seafood manufacturers are focusing on expansion of their product portfolio and establishing manufacturing facilities across the globe. This is expected to create lucrative growth opportunities over the next 10 years as demand for convenient food is continuously on the rise,” says a Fact.MR analyst.
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Key Takeaways from Raw Frozen Seafood Market Survey
Key Drivers
Key Restraints
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Competitive Landscape
Manufacturers in the frozen seafood market are focusing on introducing new products catering the surging demand for frozen and ready-to-eat seafood. With increased competition in the market and increased demand for frozen food due to consumers fast-paced lifestyle, key players are increasing their production capabilities through establishing storage and production warehouses.
For instance,
Some of the leading market players operating in the frozen seafoods market profiled by Fact.MR are:
More Valuable Insights on Conventional Frozen Seafood Market
Fact.MR, in its new report, offers an unbiased analysis of the global frozen seafood market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in frozen seafood market with detailed segmentation:
By Nature:
By Form:
By End Use:
By Product Type:
By Distribution Channel:
Key Questions Covered in the Organic Frozen Seafood Market Report
Explore Fact.MR’s Coverage on the Food and beverages Domain:
Low Fat Muffin Market – Muffins, which have their roots in Europe are a popular choice to be eaten in breakfast with tea. As the population is becoming more health-conscious demand for a low fat muffin is increasing for which manufacturers are striving to achieve fat replacer to produce low fat muffin with the desired taste and texture.
Low Fat Puddings Market – Pudding is a sweet and soft dessert with thick consistency of sweet and savory taste made with milk, eggs, and sweetening agents. Milk and sweetening agent in puddings contains a large amount of fat that population is refraining to consume.
Fat Free Pasta Market – Pasta is a staple food, primarily consumed in Latin America and Mediterranean countries. Fat free pasta is being made by a combination of different types of flour such as all-purpose flour, semolina, durum flour, farina flour, and many more.
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