Global Frozen Seafood Market to witness growth at a CAGR of 9.1% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 6.7% during the previous forecast period of 2018 to 2021.
The industry is anticipated to develop as a result of a number of factors, including rising consumer health consciousness and a trend away from canned to frozen food. Most places that provide frozen fish are located distant from waterways. People from such locations cannot acquire fresh fish because there are no coastal areas. They can experiment with various foods in addition to meat and their staple cuisine because to the accessibility of frozen seafood. The U.S. Food and Drug Administration (FDA) states that fish must be kept in a refrigerator at a temperature of 40 degrees Fahrenheit or lower if it is not used within two days after purchase. The quality and flavour of seafood are influenced by proper freezing.
Due to the freezing technique used to produce frozen seafood, the food products have a longer shelf life and are less likely to develop bacteria. By turning the remaining moisture in the frozen seafood products into ice and preventing the majority of the bacterial species found in food goods from growing, the freezing process lowers the rate of decomposition.
Cryogenic, sometimes known as flash freezing, and mechanical techniques are used to produce frozen seafood items. Due to the existence of ultra-low liquid nitrogen, which has a temperature of -196 degrees Celsius, cryogenic freezing, the most common freezing technology, is used to freeze the frozen seafood products in the majority of cases.
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Global Frozen Seafood Market – Segmentation
The global frozen seafood market is segmented on the basis of product type, end use type and distribution channel type.
Based on product type, the market is segmented into,
• Shrimps
• Crustaceans
• Shellfish
• Molluscs
• Sea Bream
• Other Fishes
Based on end use type, the market is segmented into,
• Food Processing Industry
• Food Service Provider
• Retail/Household
Based on distribution channel type, the market is segmented into,
• B2B
• B2C
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Global Frozen Seafood Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Global Frozen Seafood Market – Key Market players
Tri Marine International, Marine International, Clearwater Seafood, Leroy Seafood, Marine Harvest, Iglo Group, Shanghai Kaichuang and Lyons Seafoods are some of the market players that are driving the growth of the market during the forecast period.
Reasons to Purchase the Frozen Seafood Market Report:
• The research contains a wealth of data, including market dynamics and opportunities throughout the forecast period.
• Quantitative, qualitative, value (in USD million), and volume (in units million) data are among the segments and sub-segments.
• Data at the regional, sub-regional, and national levels also provides information on the market’s supply and demand dynamics.
• The competitive environment includes the proportions of important players, recent innovations, and strategy.
• Companies with extensive product offerings, pertinent financial data, recent advancements, SWOT analyses, and player tactics.
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