New York, Global Frozen Seafood Market report from Global Insight Services is the single authoritative source of intelligence on Frozen Seafood Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Frozen seafood is seafood that has been frozen in order to preserve it. Seafood can be frozen using a variety of methods, including flash freezing and cryogenic freezing. Frozen seafood is often used by restaurants and supermarkets because it has a longer shelf life than fresh seafood. Frozen seafood can also be shipped long distances without spoiling.
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Key Trends
In recent years, there have been significant advances in frozen seafood technology. One of the key trends is the development of more efficient freezing methods. This has led to a decrease in the amount of time and energy required to freeze seafood products. Additionally, new methods of freezing seafood have been developed that allow for a better retention of flavor and texture.
Another key trend is the development of new packaging methods for frozen seafood. This has resulted in a decrease in the amount of freezer burn and dehydration that can occur during storage. Additionally, new packaging materials and methods have been developed that allow for a better retention of flavor and texture.
Finally, there has been an increase in the use of flash freezing methods for frozen seafood. Flash freezing is a process that involves freezing the product very quickly. This allows for a better retention of flavor and texture. Additionally, flash freezing can help to preserve the nutritional value of the seafood.
Key Drivers
Frozen seafood is a popular food choice because it is convenient and typically less expensive than fresh seafood. The key drivers of the frozen seafood market are population growth, health consciousness, and the increasing availability of frozen seafood products.
Population growth is a key driver of the frozen seafood market because as the world population grows, so does the demand for seafood. The United Nations estimates that the world population will reach 9.7 billion by 2050, which is an increase of nearly 2 billion people from today. This population growth will result in an increased demand for seafood, and the frozen seafood market is expected to grow in response.
Health consciousness is another key driver of the frozen seafood market. Seafood is a healthy source of protein and omega-3 fatty acids, and people are increasingly looking for healthy food options. The frozen seafood market is expected to grow as people become more health-conscious and look for healthy food options that are convenient and affordable.
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Market Segmentation
The Frozen Seafood Market is segmented by type, distribution channel, and region. Based on type, it is classified into frozen shrimps, frozen fish, frozen shellfish, frozen mollusks, and others. Based on distribution channel, it is divided into online retail, supermarket/hypermarket, convenience stores, specialty stores, and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the Frozen Seafood Market are Thai Union Group, Sterling Seafood Corp., Clifton Seafood Company, Marine Foods, Viet Asia Foods Company, American Seafoods, Mazetta Company LLC, High Liner Foods Inc, The Sirena Group, and Castlerock Fisheries Pvt. Ltd.
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