Frozen Seafood Market Size, Share, Trends, Growth and Forecast 2032

Frozen Seafood Market

Frozen Seafood Market By Product Type (Fish, Crustaceans, Shellfish, Molluscs, And Others) and By Distribution Channel (Supermarket & Hypermarket, Convenience Stores, Online Stores, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2024– 2032

Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-3250 Published Date: Jul-2018 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 36.74 Billion USD 58.03 Billion 5.21% 2023

Frozen Seafood Market: Overview

The global Frozen Seafood Market size was worth around USD 36.74 Billion in 2023 and is predicted to grow to around USD 58.03 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.21% between 2024 and 2032.

Global Frozen Seafood Market Size, 2018-2032Request Free Sample

The rising consumption of seafood, increase in awareness of the health benefits of seafood, and the growing numbers of supermarkets & hypermarkets are the key factors driving the growth of the frozen seafood market. Furthermore, the growing adoption of quick freezing technology to freeze seafood is expected to provide a significant opportunity for the players operating in this market.

The report covers detailed analysis and forecast for the frozen seafood market on a global and regional level from 2024 to 2032. The study offers historic data of 2018-2023 along with a forecast from 2018 to 2024 based on revenue (USD Billion).  The study comprises a comprehensive view of the market with the review of market drivers, restraints, and opportunities. It also provides the level of impact of drivers and restraints on the frozen seafood market between 2024 and 2032.

The Impact of COVID-19 on the Frozen Seafood Market

The COVID-19 outbreak created a severe public health emergency globally, with its quick spread to more than 150 countries. Numerous countries worldwide declared emergencies and announced complete nationwide, statewide, or citywide lockdowns to combat & control the spread of this disease, halting all travel, transport, manufacturing, educational institutions, and non-essential trade, significantly impacting many industries globally. Moreover, governments across the globe closed fish markets and halted processing operations. Several virus-affected regions prohibited the trade of frozen seafood, resulting in significant losses for seafood manufacturers. Local sourcing and online presence appeared to be among the most effective ways to create cash in the sector during the pandemic.

However, the frozen seafood market grew during the lockdown since it has a longer shelf life than fresh fish and is anticipated to flourish post-COVID as well. Additionally, people became more health conscious and preferred products that provide essential nutrients to the body, and seafood became a priority, positively impacting the frozen seafood market. One of the most significant forces that have carried the seafood industry through the upheaval of 2020 is the shift in consumer buying preference at retail, with the sales of all kinds of seafood booming in the grocery stores and through e-commerce channels.

The study included a detailed competitive scenario and type portfolio of key vendors. The report evaluates Porter’s Five Forces model to analyze the different factors affecting the growth of the frozen seafood market. Moreover, the study encompasses a market attractiveness analysis, which provides the most attractive and least attractive market segments information by product, distribution channel, and region.

Global Frozen Seafood MarketRequest Free Sample

The report includes detailed segmentation of frozen seafood market based on product type, distribution channel, and region. Fish, crustaceans, shellfish, mollusks, and others are the key product type in the frozen seafood. On the basis of distribution channel segment, the market can be classified into supermarket & hypermarket, convenience stores, and online stores. Major regional segment analyzed in this report include North America, Europe, Asia Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries including the U.S. Germany, France, UK, China, Japan, India, and Brazil.

Frozen Seafood Market Size: Report Scope

Report Attributes Report Details
Report Name Frozen Seafood Market Size Report
Market Size in 2023 USD 36.74 Billion
Market Forecast in 2032 USD 58.03 Billion
Growth Rate CAGR of 5.21%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered AquaChile, Austevoll Seafood, Collins Seafoods, High Liner Foods, Clearwater Seafood, Surapon Foods Public, Leroy Seafood, Iglo Group, Lyons Seafoods, Marine International, Tri Marine International, Marine Harvest, Tassal Group, Toyo Suisan Kaisha, Sajo Industries, and others
Segments Covered By End User, By Type,By Distribution Channel And By region.
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The report provides detailed competitive outlook including market share and company profiles of the key players operating in the global market. Key players operating in frozen seafood market are

  • AquaChile
  • Austevoll Seafood
  • Collins Seafoods
  • High Liner Foods
  • Clearwater Seafood
  • Surapon Foods Public
  • Leroy Seafood
  • Iglo Group
  • Lyons Seafoods
  • Marine International
  • Tri Marine International
  • Marine Harvest
  • Tassal Group
  • Toyo Suisan Kaisha
  • Sajo Industries
  • others.

Global Frozen Seafood Market: Product Type Segment Analysis

  • Fish 
  • Crustaceans
  • Shellfish
  • Molluscs
  • Other 

Global Frozen Seafood Market: Distribution Channel Segment Analysis

  • Supermarket & Hypermarket
  • Convenience Stores
  • Online Stores
  • Other

Global Frozen Seafood Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Frozen Seafood Market size was worth around USD 36.74 Billion in 2023 and is predicted to grow to around USD 58.03 Billion by 2032

annual growth rate (CAGR) of roughly 5.21% between 2024 and 2032

The largest share of the Frozen Seafood Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.

AquaChile, Austevoll Seafood, Collins Seafoods, High Liner Foods, Clearwater Seafood, Surapon Foods Public, Leroy Seafood, Iglo Group, Lyons Seafoods, Marine International, Tri Marine International, Marine Harvest, Tassal Group, Toyo Suisan Kaisha, Sajo Industries, and others

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