Israel Frozen Fish and Seafood Market Size Study, by Product Type (Shrimps, Crustaceans, Shellfish, Molluscs, Sea Bream, Other Fishes), by Nature (Organic, Conventional), by End Use (Food Processing Industry, Food Service Provider, Retail/Household), by D

Israel Frozen Fish and Seafood Market Size Study, by Product Type (Shrimps, Crustaceans, Shellfish, Molluscs, Sea Bream, Other Fishes), by Nature (Organic, Conventional), by End Use (Food Processing Industry, Food Service Provider, Retail/Household), by Distribution Channel (B2B, B2C), Forecasts 2022-2032

The Israel Frozen Fish and Seafood Market is valued at USD 130.68 million in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.96% over the forecast period from 2024 to 2032. Frozen fish and seafood, encompassing marine products quickly frozen post-harvest, are integral to ensuring prolonged freshness, flavor, and nutritional retention. This process effectively inhibits bacterial proliferation and spoilage, thereby extending the shelf life of these products compared to their fresh counterparts. Notably, frozen options provide year-round availability and often prove more economical. They maintain high levels of crucial nutrients, including omega-3 fatty acids, vitamins, and minerals. Furthermore, the freezing process preserves the texture and taste of seafood, presenting a convenient option for meal planning and culinary use, while also minimizing waste through extended usability.

The escalating consumer demand, driven by heightened awareness regarding the health benefits of fish and seafood and evolving dietary preferences, is significantly contributing to the growth of the frozen fish and seafood market in Israel. Consumers are increasingly leaning towards convenient, nutritious, and high-quality protein sources, with frozen seafood fitting this preference perfectly. The burgeoning interest in international cuisines and the practicality of frozen products, which offer prolonged shelf lives and reduced spoilage, further bolster this trend. Also, the expansion of retail channels, particularly the rise of modern retail formats like supermarkets and hypermarkets, alongside the proliferation of online grocery shopping platforms in Israel, is enhancing the accessibility and availability of frozen fish and seafood products. These expanding retail avenues facilitate consumer access to a diverse range of frozen seafood options, thereby propelling market growth.

An opportunity for substantial market growth lies in innovation and product diversification. The development of new flavors, value-added products, and convenient meal solutions can attract a broader customer base and align with evolving consumer preferences. However, the market does face challenges, particularly concerning supply chain disruptions. Issues related to sourcing, transportation, and storage can lead to increased costs and reduced product availability, thereby impacting market growth.

Major market players included in this report are:

Osem Investments Ltd.

Sole Fish Company Ltd.

Marantha Foods Ltd.

Shamir Fish Ltd.

Galilee Seafood Ltd.

Tadiran Fish Ltd.

Yehuda Fish Co. Ltd.

Berman Fish Ltd.

Miki Fish Ltd.

Aquaculture Ltd.

The detailed segments and sub-segment of the market are explained below:

By Product Type:
• Shrimps
• Crustaceans
• Shellfish
• Molluscs
• Sea Bream
• Other Fishes

By Nature:
• Organic
• Conventional

By End Use:
• Food Processing Industry
• Food Service Provider
• Retail/Household

By Distribution Channel:
• B2B
• B2C

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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