Frozen Fish Market size is estimated to be USD 30 Billion in 2024 and is expected to reach USD 45 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global frozen fish market was valued at approximately USD 30.8 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The increasing demand for convenient and long shelf life products has been a significant driver in this markets growth. In 2022, North America and Europe held substantial shares in the global frozen fish market, contributing approximately 35% and 30%, respectively. The rise in health consciousness, coupled with the growing popularity of seafood, has propelled the consumption of frozen fish in these regions. The growing popularity of sushi and ready to eat meals has notably contributed to the demand in the frozen fish category. Moreover, emerging markets in Asia Pacific, particularly China and India, are showing substantial growth, contributing to the increasing market size in the region. Geographically, the Asia Pacific region is projected to experience the fastest growth in the frozen fish market, with a CAGR of over 6% from 2023 to 2030. This can be attributed to the rising disposable incomes, a shift towards seafood based diets, and a large number of fish farming industries in countries like China and India. The Latin American market is also witnessing growth due to increased exports and better cold storage infrastructure. In addition, the Middle East and Africa region is gradually expanding as frozen fish consumption rises due to urbanization and increasing demand for affordable protein sources. Opportunities lie in expanding cold chain infrastructure, increasing product innovation, and growing exports, especially in emerging economies. These factors are expected to drive future market growth significantly.
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Mowi ASA
Austevoll Seafood
AquaChile
Clearwater Seafood
High Liner Foods
Iglo Group
Leroy Seafood
Toyo Suisan Kaisha
Lyons Seafoods
Sajo Industries
Marine International
Surapon Foods Public
Tassal Group
Tri Marine International
Collins Seafoods
Fishery Products International
Hansung Enterprise
Beaver Street Fisheries
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Frozen Fish Market
Whole Fish
Fillets
Steaks
Shellfish
Processed Fish Products (e.g., fish sticks)
Household
Food Service (e.g., restaurants, catering)
Retail (supermarkets, fish markets)
Industrial (e.g., food manufacturers)
Online Retail
Traditional Retail (e.g., supermarkets and grocery stores)
Wholesale Distributors
Direct Sales to Restaurants and Food Services
Salmon
Tilapia
Cod
Shrimp
Tuna
Vacuum-sealed Packaging
Polyethylene Bags
Boxed Packaging
Bulk Packaging
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Frozen Fish Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Frozen Fish Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Frozen Fish Market, By Type
6. Global Frozen Fish Market, By Application
7. Global Frozen Fish Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Frozen Fish Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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