Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Frozen seafood is processed and packed food items that are prepared by freezing the food to preserve them from the time of processing to the time of consumption. The processing helps in inhibiting the bacterial formation of the food products along with increasing the shelf life of the food product. Cryogenic and mechanical are the two processes used for processing the seafood. The cryogenic process is used at commercial level because of presence of ultra-low liquid nitrogen which has temperature of -196 degree Celsius. Moreover, processing of frozen seafood products freezing at various temperatures is widely used in seafood preservation. Processing and freezing methodologies differ for different commodities and product type.
The global market is estimated and forecasted in terms of revenue (USD million) generated by the frozen seafood market. The frozen seafood market is growing significantly owing to increasing preference for seafood food products in developing countries and technological development in the cold chain infrastructure. Moreover, increasing awareness about the use of seafood in the daily diet and health benefit further boost the frozen seafood market. However, high set up cost associated with the cold storage infrastructure and complexities associated with the processing techniques are the major factors hindering the growth of global frozen seafood market.
The global frozen seafood market is segmented based on product, end user and geography.
Based on product, the frozen seafood market is bifurcated into, shrimps, crustaceans, shellfish, molluscs and fishes. The frozen fish segment is anticipated to gain maximum market share during the forecast period, owing to rising demand from food processing sector, increasing supply base and increasing consumption and use of fishes in various international cuisine.
The frozen seafood market is categorized by end users into food chain services, modern trade, departmental stores and online stores. The food chain services segment is anticipated to account for the largest market share during the predicted year as food chain services are the largest consumer of frozen seafood globally. The growth of the food chain services is directly propionate to the growth of the global frozen seafood market.
Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe leads the global frozen seafood market and is expected to the gain largest market owing to significant use of fishes and seafood in the daily cuisine and increasing number of cold storage services across this region.
Some of the key players of global frozen seafood market areTyson Foods, Inc, J. Sykes & Sons Limited, Mazetta Company, LLC, AquaChile, Beaver Street Fisheries, Beijing Princess Seafood International Trading Co, Ltd, Clearwater Seafood, Pescanova, High Liner Foods, Lerøy, Iglo Group, Marine Harvest ASA, Nomad Foods Europe, PREMIUM SEAFOOD COMPANY, INC, Thai Union Group PCL, Sirena A/S, etc. Strategies such as expansions, as well as product and price differentiation were also implemented by numerous market players to foster strong relationships with customers to enhance their competitive position.
Processing of frozen seafood products by freezing at various temperatures is widely used in seafood preservation. Various techniques can be used for the preservation of seafood. Proper handling and preservation of product with mandatory standard specifications is a critical factor for maintaining the quality of seafood. Seafood is highly demanded globally owing to its nutritional and health benefits. Nearly 90% of exports of marine products are in the frozen form. However, this preservation technique is effective only if the product is handled in such a way that its quality is kept near its peak freshness. The global seafood market is segmented into, product, end user and geography. Based on product, the frozen seafood market is bifurcated into, shrimps, crustaceans, shellfish, molluscs and fishes. The frozen fish segment is anticipated to gain maximum market share during the forecast period, owing to rising demand from food processing sector, increasing supply base and increasing consumption and use of fishes in various international cuisine. The frozen seafood market is categorized by end users into food chain services, modern trade, departmental stores and online stores. Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe leads the global frozen seafood market and is expected to the gain largest market owing to significant use of fishes and seafood in the daily cuisine and increasing number of cold storage services across this region. Some of the key players of global frozen seafood market areTyson Foods, Inc, J. Sykes & Sons Limited, Mazetta Company, LLC, AquaChile, Beaver Street Fisheries, Beijing Princess Seafood International Trading Co, Ltd, Clearwater Seafood, Pescanova, High Liner Foods, Lerøy, Iglo Group, Marine Harvest ASA, Nomad Foods Europe, PREMIUM SEAFOOD COMPANY, INC, Thai Union Group PCL, Sirena A/S, etc.
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