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Frozen Seafood Market

Global Frozen Seafood Market Size, Share, Forecast: By Product: Frozen Fish, Frozen Molluscs, Frozen Crustaceans, Others; By Nature: Organic, Conventional; By Form: Raw, Processed; By End Use: Food Processing Industry, Food Service Industry, Retail/Household; By Distribution Channel; Regional Analysis; Competitive Landscape; 2023-2028

Global Frozen Seafood Market Outlook

The global frozen seafood market size reached approximately USD 26.72 billion in 2022. The market is further projected to grow at a CAGR of 4.8% between 2023 and 2028, reaching a value of USD 35.4 billion by 2028.

 

Key Trends in the Market

Frozen seafood refers to seafood that is stored at freezing temperatures to limit the growth of microorganisms and extend its shelf life. These food products offer various advantages such as reduced spoilage and preservation of nutrients. Different types of frozen seafood include frozen crustaceans, frozen fish, and frozen molluscs, among others.

 

  • Rising requirement for easy to cook food products due to changing lifestyle and increased disposable incomes is aiding the frozen seafood market growth as frozen seafood eliminates the requirement for complex cooking procedures, offering ease of preparation to individuals.
  • Increasing availability of frozen seafood across speciality stores, supermarkets and hypermarkets, and convenience stores, coupled with the growing presence of various online stores offering frozen seafood is resulting in an increased product consumption, supporting the market expansion.
  • Growing popularity of frozen organic seafood is further bolstering the growth of the market for frozen seafood as these products are more refined in quality than their non-organic counterparts. Frozen organic seafood is also preferred by various businesses and eating establishments as they allow them to offer their customers with nutrient rich ingredients without compromising in taste.

 

Global Frozen Seafood Market Analysis

On the basis of product, the market is divided into frozen fish, frozen molluscs, and frozen crustaceans, among others. Based on nature, the market is bifurcated into organic and conventional. On the basis of form, the market is categorised into raw and processed. Based on end use, the market is classified into food processing industry, food service industry, and retail/ household.

 

On the basis of distribution channel, the market is divided into B2B and B2C with B2C subdivided by type into supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others. Based on region, the frozen seafood market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Beaver Street Fisheries, Inc.
  • Lerøy 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

 

Market Share by Product

Frozen fishes are expected to account for a significant frozen seafood market share over the forecast period. This growth can be attributed to changing eating habits and meal patterns of consumers around the globe. The lifespan of the frozen fish is comparatively longer, making it suitable for consumption across seasons. The increased consumption and incorporation of frozen fishes in various dishes due to growing awareness about the various health benefits offered by fishes and the convenient nature of frozen fishes is supporting the segment growth.

 

Market Share by Region

North America is anticipated to account for a significant share of the market owing to the surging popularity of ready to eat meals, easy availability across various distribution channels, and increasing requirements from the foodservice sector. The quality, freshness, and sustainability offered by frozen seafood is further boosting its consumption in North America. The freshness, flavours, and nutrients of the seafood are maintained by using various freezing techniques including flash freezing, among others. The frozen seafood market demand is also increasing due to the reduced effort and preparation time required for cooking frozen seafood.

 

Competitive Landscape

Beaver Street Fisheries, Inc. is a manufacturer, distributor, and exporter of high-quality frozen meat products and seafood. The company was founded in 1950 and is headquartered in Florida, United States.

 

Lerøy Seafood Group, headquartered in Bergan, Norway, is a seafood distribution and production company that was founded in 1899. The company is involved in the production of trout and salmon, among others.

 

The Fishin' Company, headquartered in Pennsylvania, United States is one of the largest importers of frozen fish in the world. The company’s product portfolio includes cod, salmon, pollock, trout, and catfish, among others.

 

Other frozen seafood market key players include Sirena Group A/S, M&J Seafood, Mazzetta Company, LLC, Castlerock Fisheries Pvt. Ltd., SalMar ASA, and Forstar Frozen Foods Pvt. Ltd., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Nature
  • Form
  • End Use
  • Distribution Channel
  • Region
Breakup by Product
  • Frozen Fish
  • Frozen Molluscs
  • Frozen Crustaceans
  • Others
Breakup by Nature
  • Organic
  • Conventional
Breakup by Form
  • Raw
  • Processed
Breakup by End Use
  • Food Processing Industry
  • Food Service Industry
  • Retail/Household
Breakup by Distribution Channel
  • B2B
  • B2C
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Beaver Street Fisheries, Inc.
  • Lerøy 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

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 (2018-2022) 
    8.3    Global Frozen Seafood Market Forecast (2023-2028)
    8.4    Global Frozen Seafood Market by Product
        8.4.1    Frozen Fish 
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Frozen Molluscs
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Frozen Crustaceans
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Frozen Seafood Market by Nature
        8.5.1    Organic
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Conventional
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Frozen Seafood Market by Form
        8.6.1    Raw
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2     Forecast Trend (2023-2028)
        8.6.2    Processed
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Frozen Seafood Market by End Use
        8.7.1    Food Processing Industry
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Food Service Industry
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Retail/Household
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
    8.8    Global Frozen Seafood Market by Distribution Channel
        8.8.1    B2B
            8.8.1.1    Historical Trend (2018-2022)
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    B2C
            8.8.2.1    Historical Trend (2018-2022)
            8.8.2.2    Forecast Trend (2023-2028)
            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 (2018-2022) 
            8.9.1.2    Forecast Trend (2023-2028)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2022) 
            8.9.2.2    Forecast Trend (2023-2028)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2022) 
            8.9.3.2    Forecast Trend (2023-2028)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2022) 
            8.9.4.2    Forecast Trend (2023-2028)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2022) 
            8.9.5.2    Forecast Trend (2023-2028)
9    North America Frozen Seafood Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Frozen Seafood Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Frozen Seafood Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Frozen Seafood Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Frozen Seafood Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    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    Lerøy 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 2028 
2.    Global Frozen Seafood Historical Market: Breakup by Product (USD Billion), 2018-2022 
3.    Global Frozen Seafood Market Forecast: Breakup by Product (USD Billion), 2023-2028 
4.    Global Frozen Seafood Historical Market: Breakup by Nature (USD Billion), 2018-2022 
5.    Global Frozen Seafood Market Forecast: Breakup by Nature (USD Billion), 2023-2028 
6.    Global Frozen Seafood Historical Market: Breakup by Form (USD Billion), 2018-2022 
7.    Global Frozen Seafood Market Forecast: Breakup by Form (USD Billion), 2023-2028 
8.    Global Frozen Seafood Historical Market: Breakup by End-Use (USD Billion), 2018-2022 
9.    Global Frozen Seafood Market Forecast: Breakup by End-Use (USD Billion), 2023-2028 
10.    Global Frozen Seafood Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022 
11.    Global Frozen Seafood Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028 
12.    Global Frozen Seafood Historical Market: Breakup by Region (USD Billion), 2018-2022 
13.    Global Frozen Seafood Market Forecast: Breakup by Region (USD Billion), 2023-2028 
14.    North America Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2022 
15.    North America Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2023-2028 
16.    Europe Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2022 
17.    Europe Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2023-2028 
18.    Asia Pacific Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2022 
19.    Asia Pacific Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2023-2028 
20.    Latin America Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2022 
21.    Latin America Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2023-2028 
22.    Middle East and Africa Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2022 
23.    Middle East and Africa Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2023-2028 
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

Key Questions Answered in the Report

What was the frozen seafood market value in 2022?

The market reached a value of approximately USD 26.72 billion in 2022.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4.8% between 2023 and 2028.

What is the frozen seafood market forecast for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 35.4 billion by 2028.

What are the major market drivers?

The major market drivers include increased demand from food establishments and growing awareness about the nutrition preservation in frozen seafood products.

What are the key frozen seafood market trends?

The key trends fuelling the growth of the market include easy availability across different distribution channels and convenient nature of frozen seafood.

What are the major regions in the market for frozen seafood, according to the EMR report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the various end uses of frozen seafood?

The end uses of frozen seafood include food processing industry, food service industry, and retail/ household.

Who are the key market players, according to the frozen seafood market report?

The key players in the market are Beaver Street Fisheries, Inc., Lerøy Seafood Group, The Fishin' Company, Sirena Group A/S, M&J Seafood, Mazzetta Company, LLC, Castlerock Fisheries Pvt. Ltd., SalMar ASA, and Forstar Frozen Foods Pvt. Ltd., among others.

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