Market Research Report
European Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
|Published by||IMARC Services Private Limited||Product code||788397|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|European Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024|
|Published: February 11, 2019||Content info: 120 Pages||
The European frozen seafood market is currently exhibiting healthy growth. Fish and seafood products are considered a great substitute for red meat as they are a rich source of proteins, micronutrients and essential fatty acids. Freezing helps in retaining the nutrients of fish and seafood and allows year-round availability which makes it easy to include these products in a healthy and balanced diet. Currently, Europe represents one of the largest consumers of frozen seafood across the world. This can be attributed to the introduction of innovative frozen seafood products along with growing awareness of the various health benefits offered by these products.
Product premiumisation is one of the major factors driving the growth of the European frozen seafood industry. Local as well as international players are consistently improving their product quality and expanding the product portfolio to make their brand appealing to consumers.
One of the primary factors is the convenience offered by frozen seafood products due to which they have gained wider acceptance in the region. Attributes of frozen seafood such as high nutrition, cost-effectiveness, maximum freshness and a longer shelf-life have made them a suitable option for consumers leading a busy and hectic lifestyle.
Furthermore, growing health consciousness among consumers, rise in aquaculture industry, increasing cold chain management, etc. are some of the drivers responsible for bolstering the growth of the frozen seafood market in Europe.
On the basis of product type, there are a number of frozen seafood products available in the market for the varying needs, tastes and preferences of the consumers. Currently, ground fish accounts for the majority of the total market share.
On the basis of distribution channels, discount retailers represent the dominant segment as they offer frozen seafood products at a lower price. They are followed by supermarkets and hypermarkets, specialty stores and others.
On a geographical front, the market has been segmented as Germany, France, Italy, Spain, United Kingdom and Others.
The market consists of numerous small and large players who compete in terms of prices and quality. The report provides an insight into the competitive landscape along with the profiles of the key players operating in this market.