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Frozen Seafood Market

The frozen seafood market is expected to grow from USD 21,995.1 million in 2024 to USD 42,657.6 million by 2034. This growth represents a compound annual growth rate (CAGR) of 6.8% over the decade.

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Frozen Seafood Market

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  1. Rising Demand for Nutritional Foods: Frozen Seafood Market Forecast by Organic and Conventional Types 2024-2034 The frozen seafood market is expected to grow from USD 21,995.1 million in 2024 to USD 42,657.6 million by 2034. This growth represents a compound annual growth rate (CAGR) of 6.8% over the decade. Consumers are increasingly choosing online shopping for their frozen seafood needs, valuing the convenience of home delivery. They are also becoming more aware of the health benefits associated with frozen fish, including its rich content of minerals, vitamins, and omega-3 fatty acids, which support both physical and mental well-being. As a result, health-conscious individuals are turning to frozen seafood to meet their dietary needs. The growth of the frozen seafood market is being significantly bolstered by the rise of online shopping and home delivery services, which are enhancing the availability of frozen seafood in both rural and urban areas. According to a survey by the Seafood Nutrition Partnership, more consumers are opting for frozen seafood products with clean labels, which emphasize minimal processing and fewer

  2. additives. Transparency regarding sourcing and processing methods is becoming increasingly important to consumers. Sales of frozen seafood are also benefiting from growing investments by leading companies in this expanding market. Rising health consciousness among consumers is positively influencing the market, aligning with dietary preferences and nutritional needs. As consumer awareness evolves, companies are responding by introducing new frozen seafood products. Additionally, the increasing demand for frozen seafood as a thickening agent is expected to drive market revenue during the forecast period. Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com Competitive Landscape Frozen seafood manufacturers are actively forming strategic alliances and partnerships with other producers to boost productivity and address the demands of a growing customer base. The industry is characterized by substantial capital investment and complex manufacturing processes. Implementing cost-effective production methods is crucial for achieving global market sustainability. Recent Development In September 2021, Europe’s leading frozen food company, Nomad Foods and BlueNalu, a leading innovative food company, collaborated to explore the introduction of cell- cultured seafood by developing a variety of seafood products directly from fish cells. In May 2022, SalMar ASA and Norway Royal Salmon ASA entered into a merger plan with SalMar as the acquiring company. Key Companies Profiled Marine Harvest ASA Austevoll Seafood ASA; SalMar Coast Seafood Charoen Pokphand Foods Fortune Fish & Gourmet Maruha Nichiro Norway Royal Salmon Mitsubishi Corporation Trident Seafood Key Market Segments Covered in Frozen Seafood Industry Analysis

  3. By Nature: Organic Conventional By Form: Raw Processed By End-Use: Food Processing Industry Food Service Industry Retail/Household By Product Type: Fish oMarine Pelagic oMarine Demersal oDiadromous oOthers Molluscs oBivalves oGastropods oCephalopods oOthers Crustaceans oShrimps oCrabs oLobsters oKrill oOthers

  4. Others By Distribution Channel: Business to Business (Manufacturers and Distributors) Business to Consumer oModern Trade (Hypermarket & Supermarket) oConvenience Stores oTraditional Grocery Stores oSpecialist Food Stores oWholesale Stores oDiscount Stores E-commerce/Online Stores By Region: North America Latin America Europe East Asia South Asia Oceania MEA

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