Market Overview:
The global frozen sea food market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for seafood products, especially in developing countries. In addition, the rise in disposable income and changing lifestyle preferences are also contributing factors to the growth of this market. The global frozen sea food market is segmented on the basis of type, application, and region. On the basis of type, fish dominates the global frozen sea food market with a share of more than 50%. This can be attributed to its high nutritional value as well as its wide range of applications in cuisines across different regions. Shrimp is another major type segmented in this market and is projected to grow at a CAGR of 6% during 2018-2030 owing to its rising popularity among consumers for its taste and health benefits such as omega-3 fatty acids content.
Product Definition:
Frozen sea food is the seafood that has been frozen. The importance of frozen sea food is that it can be stored for a long time and it does not spoil.
Fish:
Fish is a source of protein and contains many other nutrients such as vitamin D, omega-3 fatty acids and selenium. Fish can be consumed fresh or frozen. It is an excellent source of vitamins, minerals & proteins and helps in maintaining heart health & reducing the risk of chronic diseases like cancer & diabetes.
The global fish market has witnessed growth over the past few years owing to rising demand for its by-products such as flakes, fillets.
Shrimp:
Shrimp is a shell-less mollusc that lives in the sea. It is mainly used for food preparation in various cuisines around the world. Shrimp can be classified under cold-water crustaceans, along with crabs and lobsters. Shrimps are usually cooked by boiling or steaming; however, they can also be baked, fried or prepared using other methods.
Application Insights:
The independent stores segment dominated the global frozen sea food market in 2017, accounting for a share of over 40.0%. The growth can be attributed to the increasing number of small and medium-sized businesses operating from convenience stores and hypermarkets. Furthermore, rising disposable income among consumers in developing countries including India, China, Brazil is expected to boost consumption of frozen seafood products over the forecast period.
Hypermarkets accounted for 29.4% share in 2017 owing to their ability to provide variety as well as quality at economical prices along with extensive product line exposure through their retail network across all major regions globally. Moreover, they offer customized services according to consumer requirements which include preparing & cooking foods along with shopping lists that meet personal preferences and dietary needs thereby driving its demand further during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. Increasing demand for seafood and increasing awareness about its nutritional benefits are key factors driving the regional market growth. Furthermore, growing popularity of ethnic foods such as Indian cuisine that includes frozen seafood in their meals is anticipated to drive the product consumption further.
Asia Pacific has emerged as one of the prominent consumers of frozen seafood products owing to rising disposable income levels and changing food habits among consumers, especially millennials who prefer street food over regular meals due to lack of time or just want something different from regular menu items at home cooking process has become easier with ready-to-eat ingredients including fish fillets, shrimp, calamari rings & tentacles which makes it an attractive option for restaurants.
Growth Factors:
- Increasing demand for frozen seafood products from the developing countries owing to changing lifestyle and growing disposable income.
- Rising awareness about the health benefits of consuming frozen seafood products is expected to fuel the growth of this market over the forecast period.
- Growing popularity of ready-to-eat and processed seafood products is another key factor that would propel the growth of this market in near future.
- Proliferation of supermarkets, hypermarkets, and food stores across different regions is anticipated to create lucrative opportunities for Frozen Sea Food manufacturers in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Frozen Sea Food Market Research Report
By Type
Fish, Shrimp, Squid, Crab, Lobster, Others
By Application
Hyper Markets, Specialty Retailers, Convenience Stores, Independent Stores
By Companies
AquaChile, Clearwater Seafood, Iglo Group, Leroy Seafood, Marine Harvest, Austevoll Seafood
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Frozen Sea Food Market Report Segments:
The global Frozen Sea Food market is segmented on the basis of:
Types
Fish, Shrimp, Squid, Crab, Lobster, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hyper Markets, Specialty Retailers, Convenience Stores, Independent Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AquaChile
- Clearwater Seafood
- Iglo Group
- Leroy Seafood
- Marine Harvest
- Austevoll Seafood
Highlights of The Frozen Sea Food Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fish
- Shrimp
- Squid
- Crab
- Lobster
- Others
- By Application:
- Hyper Markets
- Specialty Retailers
- Convenience Stores
- Independent Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Frozen Sea Food Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Frozen sea food is seafood that has been frozen at or below 0 degrees Celsius.
Some of the major players in the frozen sea food market are AquaChile, Clearwater Seafood, Iglo Group, Leroy Seafood, Marine Harvest, Austevoll Seafood.
The frozen sea food market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Frozen Sea Food Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Frozen Sea Food Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Frozen Sea Food Market - Supply Chain
4.5. Global Frozen Sea Food Market Forecast
4.5.1. Frozen Sea Food Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Frozen Sea Food Market Size (000 Units) and Y-o-Y Growth
4.5.3. Frozen Sea Food Market Absolute $ Opportunity
5. Global Frozen Sea Food Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Frozen Sea Food Market Size and Volume Forecast by Type
5.3.1. Fish
5.3.2. Shrimp
5.3.3. Squid
5.3.4. Crab
5.3.5. Lobster
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Frozen Sea Food Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Frozen Sea Food Market Size and Volume Forecast by Application
6.3.1. Hyper Markets
6.3.2. Specialty Retailers
6.3.3. Convenience Stores
6.3.4. Independent Stores
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Frozen Sea Food Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Frozen Sea Food Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Frozen Sea Food Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Frozen Sea Food Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Frozen Sea Food Demand Share Forecast, 2019-2026
9. North America Frozen Sea Food Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Frozen Sea Food Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Frozen Sea Food Market Size and Volume Forecast by Application
9.4.1. Hyper Markets
9.4.2. Specialty Retailers
9.4.3. Convenience Stores
9.4.4. Independent Stores
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Frozen Sea Food Market Size and Volume Forecast by Type
9.7.1. Fish
9.7.2. Shrimp
9.7.3. Squid
9.7.4. Crab
9.7.5. Lobster
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Frozen Sea Food Demand Share Forecast, 2019-2026
10. Latin America Frozen Sea Food Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Frozen Sea Food Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Frozen Sea Food Market Size and Volume Forecast by Application
10.4.1. Hyper Markets
10.4.2. Specialty Retailers
10.4.3. Convenience Stores
10.4.4. Independent Stores
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Frozen Sea Food Market Size and Volume Forecast by Type
10.7.1. Fish
10.7.2. Shrimp
10.7.3. Squid
10.7.4. Crab
10.7.5. Lobster
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Frozen Sea Food Demand Share Forecast, 2019-2026
11. Europe Frozen Sea Food Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Frozen Sea Food Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Frozen Sea Food Market Size and Volume Forecast by Application
11.4.1. Hyper Markets
11.4.2. Specialty Retailers
11.4.3. Convenience Stores
11.4.4. Independent Stores
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Frozen Sea Food Market Size and Volume Forecast by Type
11.7.1. Fish
11.7.2. Shrimp
11.7.3. Squid
11.7.4. Crab
11.7.5. Lobster
11.7.6. Others
11.8. Basis Point Share (BPS) nalysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Frozen Sea Food Demand Share, 2019-2026
12. Asia Pacific Frozen Sea Food Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Frozen Sea Food Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Frozen Sea Food Market Size and Volume Forecast by Application
12.4.1. Hyper Markets
12.4.2. Specialty Retailers
12.4.3. Convenience Stores
12.4.4. Independent Stores
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Frozen Sea Food Market Size and Volume Forecast by Type
12.7.1. Fish
12.7.2. Shrimp
12.7.3. Squid
12.7.4. Crab
12.7.5. Lobster
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Frozen Sea Food Demand Share, 2019-2026
13. Middle East & Africa Frozen Sea Food Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Frozen Sea Food Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Frozen Sea Food Market Size and Volume Forecast by Application
13.4.1. Hyper Markets
13.4.2. Specialty Retailers
13.4.3. Convenience Stores
13.4.4. Independent Stores
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Frozen Sea Food Market Size and Volume Forecast by Type
13.7.1. Fish
13.7.2. Shrimp
13.7.3. Squid
13.7.4. Crab
13.7.5. Lobster
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Frozen Sea Food Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Frozen Sea Food Market: Market Share Analysis
14.2. Frozen Sea Food Distributors and Customers
14.3. Frozen Sea Food Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AquaChile
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Clearwater Seafood
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Iglo Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Leroy Seafood
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Marine Harvest
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Austevoll Seafood
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
