Please Wait.....
Report
Global Frozen Seafood Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 207 Pages I EMR Inc.
Global Frozen Seafood Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global frozen seafood market size reached approximately USD 28.00 billion in 2023. Aided by the growing consumer demand for convenience and ready-to-eat products, the market is projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of nearly USD 42.9 billion by 2032.
Frozen seafood refers to various types of seafood products that have been subjected to freezing processes shortly after being harvested to preserve their freshness, texture, flavour, and nutritional value. This method of preservation has been widely adopted in the seafood industry to extend the shelf life of seafood products, making them available to consumers year-round and across different regions.
The global frozen seafood market has witnessed significant growth over the past few years, driven by a combination of factors, such as changing consumer preferences, technological advancements, and increasing awareness about the nutritional benefits of seafood. The market's expansion is underpinned by several key trends that are shaping its current landscape and future prospects.
One of the most prominent frozen seafood market trends is the growing consumer demand for convenience and ready-to-eat products. Busy lifestyles and increased workforce participation, especially among women, have led to a surge in the consumption of easy-to-prepare foods. Frozen seafood, with its longer shelf life and minimal preparation time, fits perfectly into this trend. Products such as frozen fish fillets, shrimp, and seafood mixes are particularly popular among consumers looking for quick meal solutions without compromising on taste or nutritional value.
Technological innovations in freezing and packaging have played a crucial role in enhancing the global frozen seafood market development. Advanced freezing techniques, such as flash freezing, ensure that seafood retains its texture, flavour, and nutritional content. These methods minimise the formation of ice crystals, which can damage the cellular structure of seafood, thereby maintaining its freshness over extended periods. Improved packaging solutions, including vacuum sealing and modified atmosphere packaging, also contribute to extending the shelf life and preventing freezer burn, making frozen seafood more attractive to consumers.
The proliferation of retail and online distribution channels has significantly boosted the frozen seafood market value. Supermarkets, hypermarkets, and speciality seafood stores are increasingly dedicating more shelf space to frozen seafood, reflecting its rising popularity. Additionally, the growth of e-commerce platforms has made it easier for consumers to purchase frozen seafood from the comfort of their homes. Online grocery delivery services have further facilitated this trend, with many offering same-day or next-day delivery options, thus catering to the growing demand for convenience.
Health and wellness trends are also driving the frozen seafood market expansion. Consumers are becoming more health-conscious and are actively seeking foods that are high in protein, omega-3 fatty acids, and other essential nutrients. Seafood is widely recognised for its health benefits, including its role in supporting heart health, brain function, and overall well-being. As a result, there is a growing preference for seafood over other protein sources. The availability of a variety of frozen seafood options, such as salmon, tuna, and mackerel, which are rich in omega-3s, aligns well with this health-centric consumer trend.
Sustainability and ethical sourcing are increasingly important factors influencing consumer purchasing decisions in the global frozen seafood market. With rising awareness about overfishing and the environmental impact of certain fishing practices, consumers are becoming more selective about the seafood they buy. Many are opting for products that are certified by sustainability standards, such as the Marine Stewardship Council (MSC) or the Aquaculture Stewardship Council (ASC). This trend has prompted seafood companies to adopt more sustainable fishing and farming practices and to transparently communicate their efforts to consumers. The emphasis on sustainability is not only catering to environmentally conscious consumers but is also contributing to the long-term viability of the seafood industry.
Innovative product offerings and culinary trends are also shaping the frozen seafood market development. Manufacturers are continuously developing new and exciting products to cater to evolving consumer tastes and preferences. For example, the introduction of frozen seafood snacks, seafood-based ready meals, and gourmet seafood dishes is attracting a broader consumer base. The influence of global culinary trends is evident in the growing popularity of exotic seafood varieties and international seafood cuisines, such as Japanese sushi and sashimi, Spanish paella, and Mediterranean seafood dishes. These innovations are not only enhancing the appeal of frozen seafood but are also expanding its market reach.
The COVID-19 pandemic has had a profound impact on the global frozen seafood market growth. During the pandemic, the demand for frozen foods surged as consumers stocked up on long-lasting food items due to lockdowns and uncertainties. Frozen seafood, in particular, saw a significant increase in sales as it provides a reliable source of nutrition with a longer shelf life compared to fresh seafood. The pandemic also accelerated the shift towards online grocery shopping, further boosting the sales of frozen seafood through e-commerce platforms. While the pandemic posed challenges such as disruptions in supply chains and logistics, it also highlighted the resilience and adaptability of the frozen seafood market.
Regional dynamics play a crucial role in the growth and development of the global frozen seafood market. In North America and Europe, the market is well-established, with a high level of consumer awareness and a strong preference for convenience foods. These regions also have stringent regulations regarding food safety and quality, which drive the demand for high-quality frozen seafood products. In contrast, the Asia Pacific is experiencing rapid market growth due to increasing disposable incomes, urbanisation, and changing dietary habits. Countries such as China, Japan, and India are witnessing a surge in demand for frozen seafood, driven by a growing middle class and an expanding retail sector.
Market Segmentation
The global frozen seafood market can be divided based on product, nature, form, end use, distribution channel, and region.
Market Breakup by Product
- Frozen Fish
- Frozen Molluscs
- Frozen Crustaceans
- Others
Market Breakup by Nature
- Organic
- Conventional
Market Breakup by Form
- Raw
- Processed
Market Breakup by End Use
- Food Processing Industry
- Food Service Industry
- Retail/Household
Market Breakup by Distribution Channel
- B2B
- B2C
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global frozen seafood market. Some of the major players explored in the report by Expert Market Research are as follows:
- Beaver Street Fisheries, Inc.
- Leroy Seafood Group
- The Fishin' Company
- Sirena Group A/S
- M&J Seafood
- Mazzetta Company, LLC
- Castlerock Fisheries Pvt. Ltd.
- SalMar ASA
- Forstar Frozen Foods Pvt. Ltd.
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Frozen Seafood Market Analysis
8.1 Key Industry Highlights
8.2 Global Frozen Seafood Historical Market (2018-2023)
8.3 Global Frozen Seafood Market Forecast (2024-2032)
8.4 Global Frozen Seafood Market by Product
8.4.1 Frozen Fish
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Frozen Molluscs
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Frozen Crustaceans
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Frozen Seafood Market by Nature
8.5.1 Organic
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Conventional
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Frozen Seafood Market by Form
8.6.1 Raw
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Processed
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Frozen Seafood Market by End Use
8.7.1 Food Processing Industry
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Food Service Industry
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Retail/Household
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Frozen Seafood Market by Distribution Channel
8.8.1 B2B
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 B2C
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.2.3 Breakup by Type
8.8.2.3.1 Supermarkets and Hypermarkets
8.8.2.3.2 Convenience Stores
8.8.2.3.3 Speciality Stores
8.8.2.3.4 Online
8.8.2.3.5 Others
8.9 Global Frozen Seafood Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Frozen Seafood Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Frozen Seafood Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Frozen Seafood Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Frozen Seafood Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Frozen Seafood Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 030389)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Beaver Street Fisheries, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Leroy Seafood Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 The Fishin' Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Sirena Group A/S
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 M&J Seafood
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Mazzetta Company, LLC
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Castlerock Fisheries Pvt. Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 SalMar ASA
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Forstar Frozen Foods Pvt. Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Frozen Seafood Market: Key Industry Highlights, 2018 and 2032
2. Global Frozen Seafood Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Frozen Seafood Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Frozen Seafood Historical Market: Breakup by Nature (USD Billion), 2018-2023
5. Global Frozen Seafood Market Forecast: Breakup by Nature (USD Billion), 2024-2032
6. Global Frozen Seafood Historical Market: Breakup by Form (USD Billion), 2018-2023
7. Global Frozen Seafood Market Forecast: Breakup by Form (USD Billion), 2024-2032
8. Global Frozen Seafood Historical Market: Breakup by End-Use (USD Billion), 2018-2023
9. Global Frozen Seafood Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
10. Global Frozen Seafood Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
11. Global Frozen Seafood Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
12. Global Frozen Seafood Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Frozen Seafood Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Major Importing Countries by Volume
25. Major Exporting Countries by Volume
26. Major Importing Countries by Value
27. Major Exporting Countries by Value
28. Global Frozen Seafood Market Structure
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security