Global Frozen Seafood Market Overview

The Global Frozen Seafood Market Size Is Expected to Grow from USD 16234.47 Million In 2023 To USD 27195.79 Million By 2032, At A CAGR of 5.9% During the Forecast Period (2024-2032).

Seafood items are frozen in order to preserve their freshness, taste, and nutritional value. The procedure includes capturing or gathering, cleansing, and rapidly freezing.

• Frozen seafood is processed and frozen at its peak freshness to preserve nutrients and flavor, especially for seafood from remote locations. Frozen seafood has a longer shelf life than fresh seafood and offers convenience for meal planning and preparation.
• It is also cost-effective, sustainable, and consistent in quality due to flash freezing technology. Frozen seafood retains health benefits like lean protein and omega-3 fatty acids, and provides a wider variety of species than fresh seafood.
• It is easily accessible in supermarkets and online, making it a hassle-free option for busy lifestyles. mainly, frozen seafood is a practical, budget-friendly choice that maintains quality and taste while supporting sustainable fishing practices and ensuring that essential nutrients are locked in.

Market Dynamics And Factors For Frozen Seafood Market

Driver:

Growing Demand for Frozen Seafood

The rising preference of the consumer for frozen food is the key factor that supports the growth of the market. Consumers are more about health; thus, they prefer to eat safe nutritious food including seafood. The seafood contains high-protein, low-calories, and multiple vitamins and minerals. Mega-3 fatty acids present in fish maintain heart health by decreasing high blood pressure and declining the risk of abnormal heart rhythms, heart attacks, stroke, and sudden death. The seafood contains low fat and gives more benefits to infants and children by providing nutrition. Thus, increasing the demand for such a product by consumers. In addition to this, in the aquaculture industry, the demand for premium food products rising, a restaurant, and bars also the growing demand for frozen seafood, and rising urbanization, busy life schedules increase the demand for conventional foods also helped to increase the market of frozen seafood in the world in the analysis year.

Restraints:

Frozen Seafood Contain High Mercury

The consumption of seafood by nursing mothers contains mercury that restricts the neurological development of the kids and at the age of 10-14 years, the kids start to show a detrimental effect. According to FDA, the highest mercury content in fish includes tilefish from the Gulf of Mexico, swordfish, shark, marlin, bluefish, and king mackerel. Mercury poisoning through seafood causes a lack of coordination, difficulties in hearing and speech, muscle weakness, nerve loss in hands and face, trouble walking, and vision changes. These side effects restrict the growth of the market in the analysis period.

Opportunities:

Food Companies Engaged in Providing Healthy Products

Most companies’ rise in their focus on healthy product offerings is a lucrative opportunity for the market of frozen seafood. For instance, in 2020, SeaPak Shrimp & Seafood Co., a frozen food leader launched their new product SeaPak Shrimp Sea Pals. These products provide a high protein content to children. The growing number of healthy food consumers due to growing awareness about the health, and healthy eating habits of people in the world support to increase in healthy food production. The growing number of restaurants and hotels provide healthy foods to customers. These all factors provide a remunerative opportunity for the market of frozen seafood in the forecast year.

Segmentation Analysis Of  Frozen Seafood Market

By type, the fish segment is anticipated to have a larger market share in the frozen seafood market. The larger consumer of fish products is available in the world. Fish contain omega-3 fatty acids and vitamins like D and B2 (riboflavin). Fish is a rich source of proteins, calcium, and phosphorous and also contains minerals such as iron, zinc, iodine, magnesium, and potassium. Fish proteins are beneficial for the digestive system of human health. Most consumers prefer buying products of high nutritional value. Fish provides high nutrition. The Americans Heart Association advises that two times fish-eating is necessary for a week. Fish helps to keep the hearts and brain healthy. Thus, from restaurants to homes increase demand the consumer of fish for eating. Due to these all factors, the fish segment is projected to have high demand in the analysis period.

By distribution channel, supermarkets and hypermarkets are expected to dominate the frozen seafood market during the analysis period. The number of fish consumers increasing in the world, and they like to purchase from supermarkets, and hypermarkets because they provide safe and healthy food. Due to the growing urbanization increase in the number of supermarkets and hypermarkets in the world.  With a busy lifestyle and rising concern about health issues, consumers buy the product from the supermarket. These factors support the growth of the market for frozen seafood in the forecast year.

Regional Analysis Of Frozen Seafood Market:

The North American region is anticipated to drive market performance in the analysis year. The rising working population supports the increasing demand for convenience foods like ready-to-eat (RTE) and ready-to-cook (RTC) products because they need less time to cook. For instance, according to Statista, 58.87 million consumers in America consumes Gorton's frozen prepared seafood and fish in 2020. Gorton's frozen is one of the brands in America that involve in the production of frozen seafood. The growing health consciousness among people in the North American region. The growing consumer awareness about the benefits of seafood with eyes and heart. In addition to this, the development of freezing technologies, good supply chain solutions, technological innovations, and growing urbanization, are all factors that support the growth of the market for frozen seafood in the North American region.

The Asia Pacific is the second dominated region in the market for frozen seafood after North America. The large consumers of Asia Pacific prefer to eat seafood is the key factor that supports the growth of the market. In the APAC region, China contributes to the largest market owing to its large population base with high disposable income. Rising health consciousness among the people, and more awareness about the benefits of seafood in this region. These factors propel the growth of the market for frozen seafood in this region in the analysis period.

In Europe significant growth in the frozen seafood market owing to the growing consumption of fish. The fish contain high polyunsaturated fatty acids that reduce the risk of heart diseases. Thus, increasing the popularity of frozen fish in Germany, the UK, and France. A growing number of restaurants, cafes, and bars offer fish products. Apart from this, the increasing development of freezing technology, all factors support the growth of the market of frozen seafood in the analysis year.

The Middle East and Africa have anticipated slow growth in the frozen seafood market. The growing urbanization, high working women population base, and development of a living standard support the increasing demand for convenient food in the region of the Middle East and Africa supporting the growth of the market for frozen seafood. In addition to this, the adoption of developed technology, and a rising number of restaurants, cafes, and bars providing frozen kinds of seafood help to the growth of the market of frozen seafood in this region.

Top Key Players Covered In Frozen Seafood Market

• Premium Seafood (US)
• The Sirena (US)
• M&J Seafood (UK)
• J.Sykes & Sons (UK)
• Beaver Street Fisheries (Florida)
• Mazetta (US)
• Castlerock (US)
• AquaChile (Chile)
• Clearwater Seafood (Canada)
• High Liner Foods (Canada)
• Leroy Seafood (Norway) and other major players.

Key Industry Development In The Frozen Seafood Market:

• In March 2024, Kroger released a variety of new private-label seafood products and fresh meal solutions that can be cooked in the oven, microwave, and air fryer. The new options from Private Selection include Ginger Miso Salmon, Tuscan-style salmon, Blackened Tilapia, Bourbon Glazed Cod, Four Cheese Sauce Atlantic Cod, and Creole-Inspired Mahi Mahi. Additionally, Kroger offers sustainably sourced seafood.
• In February 2024, Young's Seafood launched a new range of coated fish products inspired by Asian cuisine under their Taste of Asia range within the Young's Gastro brand. The range includes Korean Inspired Chilli, Lime & Ginger Breaded Fish Fillets, Thai Inspired Sweet Chilli Breaded Fish Fillets, Japanese Inspired Lime & Soy Tempura Battered Fish Fillets, and Thai Inspired Breaded Fish Cakes. The aim is to encourage consumers to pair fish products with sides for a unique dining experience.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. FROZEN SEAFOOD MARKET BY TYPE (2017-2032)
   1. FROZEN SEAFOOD MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FISH
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. SHRIMPS
   5. CRUSTACEANS
   6. SHELLFISH
   7. MOLLUSC
7. FROZEN SEAFOOD MARKET BY DISTRIBUTION CHANNEL (2017-2032)
   1. FROZEN SEAFOOD MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SUPERMARKET/HYPERMARKET
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CONVENIENCE STORE
   5. SPECIALTY STORES
   6. ONLINE RETAIL
   7. OTHERS
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Benchmarking
      2. FROZEN SEAFOOD Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. PREMIUM SEAFOOD (US)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. THE SIRENA (US)
   4. M&J SEAFOOD (UK)
   5. J.SYKES & SONS (UK)
   6. BEAVER STREET FISHERIES (FLORIDA)
   7. MAZETTA (US)
   8. CASTLEROCK (US)
   9. AQUACHILE (CHILE)
   10. CLEARWATER SEAFOOD (CANADA)
   11. HIGH LINER FOODS (CANADA)
   12. LEROY SEAFOOD (NORWAY)
9. GLOBAL FROZEN SEAFOOD MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Distribution Channel
      5. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies
       1. 1. Thailand
          2. Vietnam
          3. The Philippines
          4. Australia
          5. New-Zealand
          6. Rest Of APAC
    3. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    4. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. FROZEN SEAFOOD MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. FROZEN SEAFOOD MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. FROZEN SEAFOOD MARKET COMPETITIVE RIVALRY
TABLE 005. FROZEN SEAFOOD MARKET THREAT OF NEW ENTRANTS
TABLE 006. FROZEN SEAFOOD MARKET THREAT OF SUBSTITUTES
TABLE 007. FROZEN SEAFOOD MARKET BY TYPE
TABLE 008. FISH MARKET OVERVIEW (2016-2028)
TABLE 009. SHRIMPS MARKET OVERVIEW (2016-2028)
TABLE 010. CRUSTACEANS MARKET OVERVIEW (2016-2028)
TABLE 011. SHELLFISH MARKET OVERVIEW (2016-2028)
TABLE 012. MOLLUSC MARKET OVERVIEW (2016-2028)
TABLE 013. FROZEN SEAFOOD MARKET BY DISTRIBUTION CHANNEL
TABLE 014. SUPERMARKET/HYPERMARKET MARKET OVERVIEW (2016-2028)
TABLE 015. CONVENIENCE STORES MARKET OVERVIEW (2016-2028)
TABLE 016. SPECIALTY STORES MARKET OVERVIEW (2016-2028)
TABLE 017. ONLINE RETAIL MARKET OVERVIEW (2016-2028)
TABLE 018. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 019. NORTH AMERICA FROZEN SEAFOOD MARKET, BY TYPE (2016-2028)
TABLE 020. NORTH AMERICA FROZEN SEAFOOD MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 021. N FROZEN SEAFOOD MARKET, BY COUNTRY (2016-2028)
TABLE 022. EUROPE FROZEN SEAFOOD MARKET, BY TYPE (2016-2028)
TABLE 023. EUROPE FROZEN SEAFOOD MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 024. FROZEN SEAFOOD MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC FROZEN SEAFOOD MARKET, BY TYPE (2016-2028)
TABLE 026. ASIA PACIFIC FROZEN SEAFOOD MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 027. FROZEN SEAFOOD MARKET, BY COUNTRY (2016-2028)
TABLE 028. MIDDLE EAST & AFRICA FROZEN SEAFOOD MARKET, BY TYPE (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA FROZEN SEAFOOD MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 030. FROZEN SEAFOOD MARKET, BY COUNTRY (2016-2028)
TABLE 031. SOUTH AMERICA FROZEN SEAFOOD MARKET, BY TYPE (2016-2028)
TABLE 032. SOUTH AMERICA FROZEN SEAFOOD MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 033. FROZEN SEAFOOD MARKET, BY COUNTRY (2016-2028)
TABLE 034. PREMIUM SEAFOOD: SNAPSHOT
TABLE 035. PREMIUM SEAFOOD: BUSINESS PERFORMANCE
TABLE 036. PREMIUM SEAFOOD: PRODUCT PORTFOLIO
TABLE 037. PREMIUM SEAFOOD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. THE SIRENA: SNAPSHOT
TABLE 038. THE SIRENA: BUSINESS PERFORMANCE
TABLE 039. THE SIRENA: PRODUCT PORTFOLIO
TABLE 040. THE SIRENA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. M&J SEAFOOD: SNAPSHOT
TABLE 041. M&J SEAFOOD: BUSINESS PERFORMANCE
TABLE 042. M&J SEAFOOD: PRODUCT PORTFOLIO
TABLE 043. M&J SEAFOOD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. J.SYKES & SONS: SNAPSHOT
TABLE 044. J.SYKES & SONS: BUSINESS PERFORMANCE
TABLE 045. J.SYKES & SONS: PRODUCT PORTFOLIO
TABLE 046. J.SYKES & SONS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. BEAVER STREET FISHERIES: SNAPSHOT
TABLE 047. BEAVER STREET FISHERIES: BUSINESS PERFORMANCE
TABLE 048. BEAVER STREET FISHERIES: PRODUCT PORTFOLIO
TABLE 049. BEAVER STREET FISHERIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. MAZETTA: SNAPSHOT
TABLE 050. MAZETTA: BUSINESS PERFORMANCE
TABLE 051. MAZETTA: PRODUCT PORTFOLIO
TABLE 052. MAZETTA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. CASTLEROCK: SNAPSHOT
TABLE 053. CASTLEROCK: BUSINESS PERFORMANCE
TABLE 054. CASTLEROCK: PRODUCT PORTFOLIO
TABLE 055. CASTLEROCK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. AQUACHILE: SNAPSHOT
TABLE 056. AQUACHILE: BUSINESS PERFORMANCE
TABLE 057. AQUACHILE: PRODUCT PORTFOLIO
TABLE 058. AQUACHILE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. CLEARWATER SEAFOOD: SNAPSHOT
TABLE 059. CLEARWATER SEAFOOD: BUSINESS PERFORMANCE
TABLE 060. CLEARWATER SEAFOOD: PRODUCT PORTFOLIO
TABLE 061. CLEARWATER SEAFOOD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. HIGH LINER FOODS: SNAPSHOT
TABLE 062. HIGH LINER FOODS: BUSINESS PERFORMANCE
TABLE 063. HIGH LINER FOODS: PRODUCT PORTFOLIO
TABLE 064. HIGH LINER FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. LEROY SEAFOOD: SNAPSHOT
TABLE 065. LEROY SEAFOOD: BUSINESS PERFORMANCE
TABLE 066. LEROY SEAFOOD: PRODUCT PORTFOLIO
TABLE 067. LEROY SEAFOOD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 068. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 069. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 070. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. FROZEN SEAFOOD MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. FROZEN SEAFOOD MARKET OVERVIEW BY TYPE
FIGURE 012. FISH MARKET OVERVIEW (2016-2028)
FIGURE 013. SHRIMPS MARKET OVERVIEW (2016-2028)
FIGURE 014. CRUSTACEANS MARKET OVERVIEW (2016-2028)
FIGURE 015. SHELLFISH MARKET OVERVIEW (2016-2028)
FIGURE 016. MOLLUSC MARKET OVERVIEW (2016-2028)
FIGURE 017. FROZEN SEAFOOD MARKET OVERVIEW BY DISTRIBUTION CHANNEL
FIGURE 018. SUPERMARKET/HYPERMARKET MARKET OVERVIEW (2016-2028)
FIGURE 019. CONVENIENCE STORES MARKET OVERVIEW (2016-2028)
FIGURE 020. SPECIALTY STORES MARKET OVERVIEW (2016-2028)
FIGURE 021. ONLINE RETAIL MARKET OVERVIEW (2016-2028)
FIGURE 022. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 023. NORTH AMERICA FROZEN SEAFOOD MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. EUROPE FROZEN SEAFOOD MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. ASIA PACIFIC FROZEN SEAFOOD MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. MIDDLE EAST & AFRICA FROZEN SEAFOOD MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. SOUTH AMERICA FROZEN SEAFOOD MARKET OVERVIEW BY COUNTRY (2016-2028)