Global Frozen Seafood Market Report and Forecast 2024-2032

Global Frozen Seafood Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the global frozen seafood market size reached approximately USD 28.00 billion in 2023. Aided by the growing consumer demand for convenience and ready-to-eat products, the market is projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of nearly USD 42.9 billion by 2032.

Frozen seafood refers to various types of seafood products that have been subjected to freezing processes shortly after being harvested to preserve their freshness, texture, flavour, and nutritional value. This method of preservation has been widely adopted in the seafood industry to extend the shelf life of seafood products, making them available to consumers year-round and across different regions.

The global frozen seafood market has witnessed significant growth over the past few years, driven by a combination of factors, such as changing consumer preferences, technological advancements, and increasing awareness about the nutritional benefits of seafood. The market's expansion is underpinned by several key trends that are shaping its current landscape and future prospects.

One of the most prominent frozen seafood market trends is the growing consumer demand for convenience and ready-to-eat products. Busy lifestyles and increased workforce participation, especially among women, have led to a surge in the consumption of easy-to-prepare foods. Frozen seafood, with its longer shelf life and minimal preparation time, fits perfectly into this trend. Products such as frozen fish fillets, shrimp, and seafood mixes are particularly popular among consumers looking for quick meal solutions without compromising on taste or nutritional value.

Technological innovations in freezing and packaging have played a crucial role in enhancing the global frozen seafood market development. Advanced freezing techniques, such as flash freezing, ensure that seafood retains its texture, flavour, and nutritional content. These methods minimise the formation of ice crystals, which can damage the cellular structure of seafood, thereby maintaining its freshness over extended periods. Improved packaging solutions, including vacuum sealing and modified atmosphere packaging, also contribute to extending the shelf life and preventing freezer burn, making frozen seafood more attractive to consumers.

The proliferation of retail and online distribution channels has significantly boosted the frozen seafood market value. Supermarkets, hypermarkets, and speciality seafood stores are increasingly dedicating more shelf space to frozen seafood, reflecting its rising popularity. Additionally, the growth of e-commerce platforms has made it easier for consumers to purchase frozen seafood from the comfort of their homes. Online grocery delivery services have further facilitated this trend, with many offering same-day or next-day delivery options, thus catering to the growing demand for convenience.

Health and wellness trends are also driving the frozen seafood market expansion. Consumers are becoming more health-conscious and are actively seeking foods that are high in protein, omega-3 fatty acids, and other essential nutrients. Seafood is widely recognised for its health benefits, including its role in supporting heart health, brain function, and overall well-being. As a result, there is a growing preference for seafood over other protein sources. The availability of a variety of frozen seafood options, such as salmon, tuna, and mackerel, which are rich in omega-3s, aligns well with this health-centric consumer trend.

Sustainability and ethical sourcing are increasingly important factors influencing consumer purchasing decisions in the global frozen seafood market. With rising awareness about overfishing and the environmental impact of certain fishing practices, consumers are becoming more selective about the seafood they buy. Many are opting for products that are certified by sustainability standards, such as the Marine Stewardship Council (MSC) or the Aquaculture Stewardship Council (ASC). This trend has prompted seafood companies to adopt more sustainable fishing and farming practices and to transparently communicate their efforts to consumers. The emphasis on sustainability is not only catering to environmentally conscious consumers but is also contributing to the long-term viability of the seafood industry.

Innovative product offerings and culinary trends are also shaping the frozen seafood market development. Manufacturers are continuously developing new and exciting products to cater to evolving consumer tastes and preferences. For example, the introduction of frozen seafood snacks, seafood-based ready meals, and gourmet seafood dishes is attracting a broader consumer base. The influence of global culinary trends is evident in the growing popularity of exotic seafood varieties and international seafood cuisines, such as Japanese sushi and sashimi, Spanish paella, and Mediterranean seafood dishes. These innovations are not only enhancing the appeal of frozen seafood but are also expanding its market reach.

The COVID-19 pandemic has had a profound impact on the global frozen seafood market growth. During the pandemic, the demand for frozen foods surged as consumers stocked up on long-lasting food items due to lockdowns and uncertainties. Frozen seafood, in particular, saw a significant increase in sales as it provides a reliable source of nutrition with a longer shelf life compared to fresh seafood. The pandemic also accelerated the shift towards online grocery shopping, further boosting the sales of frozen seafood through e-commerce platforms. While the pandemic posed challenges such as disruptions in supply chains and logistics, it also highlighted the resilience and adaptability of the frozen seafood market.

Regional dynamics play a crucial role in the growth and development of the global frozen seafood market. In North America and Europe, the market is well-established, with a high level of consumer awareness and a strong preference for convenience foods. These regions also have stringent regulations regarding food safety and quality, which drive the demand for high-quality frozen seafood products. In contrast, the Asia Pacific is experiencing rapid market growth due to increasing disposable incomes, urbanisation, and changing dietary habits. Countries such as China, Japan, and India are witnessing a surge in demand for frozen seafood, driven by a growing middle class and an expanding retail sector.

Market Segmentation

The global frozen seafood market can be divided based on product, nature, form, end use, distribution channel, and region.

Market Breakup by Product
  • Frozen Fish
  • Frozen Molluscs
  • Frozen Crustaceans
  • Others
Market Breakup by Nature
  • Organic
  • Conventional
Market Breakup by Form
  • Raw
  • Processed
Market Breakup by End Use
  • Food Processing Industry
  • Food Service Industry
  • Retail/Household
Market Breakup by Distribution Channel
  • B2B
  • B2C
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global frozen seafood market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Beaver Street Fisheries, Inc.
  • Lerøy Seafood Group
  • The Fishin' Company
  • Sirena Group A/S
  • M&J Seafood
  • Mazzetta Company, LLC
  • Castlerock Fisheries Pvt. Ltd.
  • SalMar ASA
  • Forstar Frozen Foods Pvt. Ltd.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Frozen Seafood Market Analysis
8.1 Key Industry Highlights
8.2 Global Frozen Seafood Historical Market (2018-2023)
8.3 Global Frozen Seafood Market Forecast (2024-2032)
8.4 Global Frozen Seafood Market by Product
8.4.1 Frozen Fish
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Frozen Molluscs
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Frozen Crustaceans
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Frozen Seafood Market by Nature
8.5.1 Organic
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Conventional
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Frozen Seafood Market by Form
8.6.1 Raw
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Processed
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Frozen Seafood Market by End Use
8.7.1 Food Processing Industry
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Food Service Industry
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Retail/Household
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Frozen Seafood Market by Distribution Channel
8.8.1 B2B
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 B2C
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.2.3 Breakup by Type
8.8.2.3.1 Supermarkets and Hypermarkets
8.8.2.3.2 Convenience Stores
8.8.2.3.3 Speciality Stores
8.8.2.3.4 Online
8.8.2.3.5 Others
8.9 Global Frozen Seafood Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Frozen Seafood Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Frozen Seafood Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Frozen Seafood Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Frozen Seafood Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Frozen Seafood Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 030389)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Beaver Street Fisheries, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Lerøy Seafood Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 The Fishin' Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Sirena Group A/S
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 M&J Seafood
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Mazzetta Company, LLC
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Castlerock Fisheries Pvt. Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 SalMar ASA
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Forstar Frozen Foods Pvt. Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Frozen Seafood Market: Key Industry Highlights, 2018 and 2032
2. Global Frozen Seafood Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Frozen Seafood Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Frozen Seafood Historical Market: Breakup by Nature (USD Billion), 2018-2023
5. Global Frozen Seafood Market Forecast: Breakup by Nature (USD Billion), 2024-2032
6. Global Frozen Seafood Historical Market: Breakup by Form (USD Billion), 2018-2023
7. Global Frozen Seafood Market Forecast: Breakup by Form (USD Billion), 2024-2032
8. Global Frozen Seafood Historical Market: Breakup by End-Use (USD Billion), 2018-2023
9. Global Frozen Seafood Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
10. Global Frozen Seafood Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
11. Global Frozen Seafood Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
12. Global Frozen Seafood Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Frozen Seafood Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Frozen Seafood Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Frozen Seafood Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Major Importing Countries by Volume
25. Major Exporting Countries by Volume
26. Major Importing Countries by Value
27. Major Exporting Countries by Value
28. Global Frozen Seafood Market Structure

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