Middle East & Africa Frozen Seafood Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type (Frozen Fish, Frozen Crustaceans, Frozen Mollusks, and Others) and Distribution Channel (Supermarket and Hypermarkets, Specialty Stores, Online Retail, and Others)
Market Report I 2022-10-12 I 79 Pages I The Insight Partners
The frozen seafood market in the Middle East & Africa is expected to grow from US$ 667.58 million in 2022 to US$ 887.28 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2022 to 2028.
The growing consumption of packaged seafood products is the major factor driving the growth of the Middle East & Africa frozen seafood market. People were compelled to prepare meals at home because hotels and restaurants were closed due to the imposition of lockdowns during the COVID-19 pandemic. Therefore, the demand for easy-to-cook prepacked frozen seafood products increased. Many companies started offering new lines of frozen seafood products for homebound consumers. Due to consumer preferences and innovative marketing strategies, the sales of prepackaged frozen seafood items increased. Furthermore, the demand for packaged frozen seafood products in the hospitality industry increased due to its various benefits. These products are easy to use as they are packed in appropriate portions, easy to prepare, avoid wastage, and save time.
Packaging of food products prevents or reduces product damage and spoilage, thereby saving the time. It also reduces the cost of many food products owing to economies of scale in mass production and efficiency in bulk distribution. It eliminates or lessens the risk of tampering and adulteration and saves vital nutrients to protect the consumer's health.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa Frozen seafood market at a substantial CAGR during the forecast period.
Middle East & Africa Frozen Seafood Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Frozen Seafood Market Segmentation
The Middle East & Africa frozen seafood market is segmented into type, distribution channel, and country.
Based on type, the Middle East & Africa frozen seafood market is segmented into frozen fish, frozen crustaceans, frozen mollusks, and others. In 2022, the frozen fish segment accounted for the largest market share.
Based on distribution channel, the Middle East & Africa frozen seafood market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share in the market in 2022.
Based on country, the Middle East & Africa Frozen seafood market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa held the largest market share in 2022.
Castlerock Inc., Marine Foods, Mazetta Company LLC, The Sirena Group, and Viet Asia Foods are among the leading companies operating in the Middle East & Africa frozen seafood market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. MEA Frozen Seafood Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Ecosystem: MEA Frozen Seafood Market
5. MEA Frozen Seafood Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Popularity for Seasonal Fish Products
5.1.2 Increasing Health Awareness Among Consumers
5.2 Market Restraints
5.2.1 Frozen Seafood Market Faces Severe Challenge from Overfishing
5.3 Market Opportunities
5.3.1 New Product Offerings
5.4 Future Trends
5.4.1 Packaged Seafood Products Witnessing High Consumption
5.5 Impact Analysis of Drivers and Restraint
6. Frozen Seafood Market- MEA Analysis
6.1 Frozen Seafood Market Overview
6.2 MEA Frozen Seafood Market -Revenue and Forecast To 2028 (US$ Million)
7. MEA Frozen Seafood Market Analysis - by Type
7.1 Overview
7.2 MEA Frozen Seafood Market, by Type (2021 and 2028)
7.3 Frozen Fish
7.3.1 Overview
7.3.2 Frozen Fish: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Frozen Crustaceans
7.4.1 Overview
7.4.2 Frozen Crustaceans: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Frozen Mollusks
7.5.1 Overview
7.5.2 Frozen Mollusks: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8. MEA Frozen Seafood Market Analysis - by Distribution Channel
8.1 Overview
8.2 MEA Frozen Seafood Market, by Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
9. MEA Frozen Seafood Market- Country Analysis
9.1 Overview
9.1.1 Middle East & Africa: Frozen Seafood Market, by Key Country
9.1.1.1 South Africa: Frozen Seafood Market-Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Frozen Seafood Market, By Type
9.1.1.1.2 South Africa: Frozen Seafood Market, by Distribution Channel
9.1.1.2 Saudi Arabia: Frozen Seafood Market-Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Frozen Seafood Market, By Type
9.1.1.2.2 Saudi Arabia: Frozen Seafood Market, by Distribution Channel
9.1.1.3 UAE: Frozen Seafood Market-Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Frozen Seafood Market, By Product Type
9.1.1.3.2 UAE: Frozen Seafood Market, by Distribution Channel
9.1.1.4 Rest of MEA: Frozen Seafood Market-Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Frozen Seafood Market, By Type
9.1.1.4.2 Rest of MEA: Frozen Seafood Market, by Distribution Channel
10. Company Profiles
10.1 Marine Foods B.V.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Viet Asia Foods.
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Castlerock Inc.
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Sirena Group A/S
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Frozen Seafood Market -Revenue and Forecast To 2028 (US$ Million)
Table 2. South Africa Frozen Seafood Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Frozen Seafood Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Frozen Seafood Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Frozen Seafood Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Frozen Seafood Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE Frozen Seafood Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA Frozen Seafood Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA Frozen Seafood Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 10. Glossary of Terms, MEA Frozen Seafood Market
LIST OF FIGURES
Figure 1. MEA Frozen Seafood Market Segmentation
Figure 2. MEA Frozen Seafood Market Segmentation - By Country
Figure 3. MEA Frozen Seafood Market Overview
Figure 4. Frozen Fish Segment Held Largest Share of MEA Frozen Seafood Market
Figure 5. Asia Pacific Region Held Largest Share of MEA Frozen Seafood Market
Figure 6. Porter's Five Forces Analysis
Figure 7. MEA Frozen Seafood Market Impact Analysis of Drivers and Restraints
Figure 8. MEA: Frozen Seafood Market - Revenue and Forecast To 2028 (US$ Million)
Figure 9. MEA Frozen Seafood Market Revenue Share, by Type (2021 and 2028)
Figure 10. MEA Frozen Fish: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. MEA Frozen Crustaceans: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Frozen Mollusks: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Frozen Mollusks: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Frozen Seafood Market Revenue Share by Distribution Channel (2021 and 2028)
Figure 15. MEA Supermarkets and Hypermarkets: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Specialty Stores: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Online Retail: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Others: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Middle East & Africa: Frozen Seafood Market, by Key Country- Revenue (2021) (US$ Million)
Figure 20. Middle East & Africa: Frozen Seafood Market Revenue Share, by Key Country (2021 and 2028)
Figure 21. South Africa: Frozen Seafood Market-Revenue and Forecast to 2028 (US$ Million)
Figure 22. Saudi Arabia: Frozen Seafood Market-Revenue and Forecast to 2028 (US$ Million)
Figure 23. UAE: Frozen Seafood Market-Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of MEA: Frozen Seafood Market-Revenue and Forecast to 2028 (US$ Million)
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