Frozen Fish And Seafood Market 2021-2025: Europe to lead 48% of Market Growth
The frozen fish and seafood market share will grow up to USD 24.84 million, fragmented at a CAGR of 6.78% over the next five years. Innovation in frozen fish and seafood packaging is the major frozen fish and seafood market trend influencing the market growth. Technavio's frozen fish and seafood market research report provide a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.
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Frozen Fish And Seafood Market: Europe to lead market growth during the forecast period
- The market growth is driven by the growing desire for convenience. However, the stiff competition from fresh and canned fish and seafood is one of the key challenges hindering the frozen fish and seafood market's growth.
- The frozen fish and seafood market is segmented by Distribution Channel (Offline and Online) and Geography (Europe, APAC, North America, South America, and MEA).
- Based on the distribution channel segmentation, the frozen fish and seafood market size in the offline channel will be significant during the forecast period.
- 48% of the market growth will originate from Europe during the forecast period. France, Germany, and Spain are the key markets for frozen fish and seafood in Europe.
- The rise in demand for fish and seafood products due to increased imports as well as exports will facilitate the frozen fish and seafood market growth in Europe over the forecast period.
- Technavio's frozen fish and seafood market report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. The analysis will thus enable clients to assess their play in the market and design further growth opportunities.
Frozen Fish And Seafood Market: Vendor Landscape
Bolton Group Srl, Dongwon Group, Empresas AquaChile SA, High Liner Foods (USA) Inc., Maruha Nichiro Corp., Mowi ASA, Nomad Foods Ltd., Premium Brands Holdings Corp., Thai Union Group PCL, and Zoneco Group Co. Ltd. are some of the leading frozen fish and seafood market vendors. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevailing market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 6.78%.
- What is the incremental growth of the market?
The market is expected to grow up to USD 24.84 million.
- What is a key factor driving this market?
The growing desire for convenience will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Europe, APAC, North America, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market?
48% growth will originate from Europe.
- Who are the leading market vendors?
The leading vendors in this market are Bolton Group Srl, Dongwon Group, Empresas AquaChile SA, High Liner Foods (USA) Inc., Maruha Nichiro Corp., Mowi ASA, Nomad Foods Ltd., Premium Brands Holdings Corp., Thai Union Group PCL, and Zoneco Group Co. Ltd.
- What are the market segments covered in this report?
The market is segmented by Distribution Channel (Offline and Online) and Geography (Europe, APAC, North America, South America, and MEA).
