Frozen Seafood Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Distribution Channel, and Geography

List of Tables

The frozen seafood market is projected to reach US$ 22.57 billion by 2028 from US$ 16.27 billion in 2022. It is expected to grow at a CAGR of 5.6% during 2022-2028.

The growth of the frozen seafood market is driven by the increasing health consciousness among consumers, along with the rise in the disposable income of people. Moreover, rapid urbanization, changing lifestyles, and increasing consumer spending are changing the overall eating habits. In many urban areas, the growing trend of cosnuming packaged food products contributes to the market growth. Packaged food products save time, avoid wastage, and are easy to cook as they are packed in appropriate portions. Packaged food products also have a longer shelf life without compromising product quality, which is an essential requirement for people with a busy lifestyle. One of the main drivers of the frozen seafood industry is the rising awareness among consumers regarding the health benefits of seafood.

People prefer frozen seafood products to avoid the drawbacks of fresh seafood products. Frozen seafood is packed with nutrients and has a longer shelf life. Additionally, the convenience provided by frozen seafood products is the reason for its high demand. Furthermore, manufacturers are launching new products which provide a high nutrient value. With expanding population and rising health awareness, demand for healthy food products surged at phenomenal rates. The increasing number of health-conscious millennials is anticipated to increase the demand for seafood products in various regions. Rising disposable income and improving lifestyles are the key factors driving the growth of the global frozen seafood industry. Moreover, the increasing demand for frozen seafood is attributed to the availability of various products at multiple retail channels at affordable prices.

Based on product type, the global frozen seafood market is segmented into frozen fish, frozen crustaceans, frozen mollusks, and others. In 2021, the frozen fish segment accounted for the largest revenue share and is expected to account for the highest growth rate over the forecast period. EPA (eicosapentaenoic acid) and DHA are two omega-3 fatty acids present in fish (docosahexaenoic acid). Human bodies cannot make omega-3 fatty acids; therefore, they must be obtained from food. Salmon, trout, sardines, herring, canned mackerel, canned light tuna, and oysters are a few good options for omega-3 sources. During pregnancy, omega-3 fatty acids support healthy brain function and the development of vision and nerves. They may also lower the risk of depression, ADHD, Alzheimer's disease, dementia, and diabetes. Omega-3 fatty acids also lower blood pressure and the risk of sudden death, heart attack, abnormal heart rhythms, and strokes. They may also prevent inflammation and lower the risk of arthritis. All these factors are contributing to the segment's growth.

By region, the frozen seafood market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SAM). In 2021, Asia Pacific held the largest share of the market. However, North America is estimated to register the highest CAGR in the market during the forecast period.

The North America frozen seafood market is segmented into the US, Canada, and Mexico. The frozen seafood market is growing significantly due to the region's increased per capita seafood consumption. The growth of the frozen seafood market is also attributed to the high demand for healthy food products. People are trying to save time and effort and prefer to use packaged food products that are easy to use.

Thai Union Group, Sterling Seafood Corp., Clifton Seafood Company, Marine Foods, Viet Asia Foods Company, American Seafoods, Mazetta Company LLC, High Liner Foods Inc, The Sirena Group, and Castlerock Fisheries Pvt. Ltd. are the players operating in the frozen seafood market. These companies provide a wide range of products for the market. Market players are developing high-quality, innovative products to meet customer requirements.

The overall size of the global frozen seafood market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the frozen seafood market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global frozen seafood market
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The key findings and recommendations highlight crucial progressive industry trends in the global frozen seafood market, thereby allowing players across the value chain to develop effective long-term strategies
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Scrutinize in-depth global market trends and outlook coupled with the factors driving the frozen seafood market as well as those hindering it.
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Product Code: TIPRE00019231

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection
- 3.2.2 Primary Interviews
- 3.2.3 Hypothesis Formulation
- 3.2.4 Macro-economic Factor Analysis
- 3.2.5 Developing Base Number
- 3.2.6 Data Triangulation
- 3.2.7 Country Level Data

4. Global Frozen Seafood Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 Asia Pacific
- 4.2.4 Middle East & Africa
- 4.2.5 South and Central America (SAM)
4.3 Expert Opinion

5. Frozen Seafood Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing demand for seasonal fish products
- 5.1.2 Increasing health awareness among consumers
5.2 Market Restraints
- 5.2.1 Overfishing
5.3 Market Trend
- 5.3.1 Increased consumption of packaged seafood products
5.4 Market Opportunity
- 5.4.1 Innovative Product Offerings
5.5 Impact Analysis of Drivers and Restraint

6. Frozen Seafood - Global Market Analysis

6.1 Frozen Seafood Market Overview
6.2 Frozen Seafood Market -Revenue and Forecast to 2028
6.3 Competitive Positioning - Key Market Players

7. Frozen Seafood Market Analysis - By Type

7.1 Overview
7.2 Frozen Seafood Market Breakdown, by Type, (2021 and 2028)
7.3 Frozen Fish
- 7.3.1 Overview
- 7.3.2 Frozen Fish: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Frozen Crustaceans
- 7.4.1 Overview
- 7.4.2 Frozen Crustaceans: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Frozen Mollusks
- 7.5.1 Overview
- 7.5.2 Frozen Mollusks: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)

8. Frozen Seafood Market Analysis - By Distribution Channel

8.1 Overview
8.2 Frozen Seafood Market Breakdown, by Distribution Channel, (2021 and 2028)
8.3 Supermarkets and Hypermarkets
- 8.3.1 Overview
- 8.3.2 Supermarkets and Hypermarkets: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
- 8.4.1 Overview
- 8.4.2 Specialty Stores: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
- 8.5.1 Overview
- 8.5.2 Online Retail: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Frozen Seafood Market - Revenue and Forecast to 2028 (US$ Million)

9. Frozen Seafood Market - Geographic Analysis

9.1 Overview
9.2 North America: Frozen Seafood Market
- 9.2.1 North America: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.2 North America: Frozen Seafood Market, by Type
- 9.2.3 North America: Frozen Seafood Market, by Distribution Channel
- 9.2.4 North America: Frozen Seafood Market, by Key Country
  - 9.2.4.1 US: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.1.1 US: Frozen Seafood Market, by Type
    - 9.2.4.1.2 US: Frozen Seafood Market, by Distribution Channel
  - 9.2.4.2 Canada: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.2.1 Canada: Frozen Seafood Market, by Type
    - 9.2.4.2.2 Canada: Frozen Seafood Market, by Distribution Channel
  - 9.2.4.3 Mexico: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.3.1 Mexico: Frozen Seafood Market, by Type
    - 9.2.4.3.2 Mexico: Frozen Seafood Market, by Distribution Channel
9.3 Europe: Frozen Seafood Market
- 9.3.1 Europe: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.2 Europe: Frozen Seafood Market, by Type
- 9.3.3 Europe: Frozen Seafood Market, by Distribution Channel
- 9.3.4 Europe: Frozen Seafood Market, by Key Country
  - 9.3.4.1 Germany: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.1.1 Germany: Frozen Seafood Market, by Type
    - 9.3.4.1.2 Germany: Frozen Seafood Market, by Distribution Channel
  - 9.3.4.2 France: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.2.1 France: Frozen Seafood Market, by Type
    - 9.3.4.2.2 France: Frozen Seafood Market, by Distribution Channel
  - 9.3.4.3 Italy: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.3.1 Italy: Frozen Seafood Market, by Type
    - 9.3.4.3.2 Italy: Frozen Seafood Market, by Distribution Channel
  - 9.3.4.4 UK: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.4.1 UK: Frozen Seafood Market, by Type
    - 9.3.4.4.2 UK: Frozen Seafood Market, by Distribution Channel
  - 9.3.4.5 Russia: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.5.1 Russia: Frozen Seafood Market, by Type
    - 9.3.4.5.2 Russia: Frozen Seafood Market, by Distribution Channel
  - 9.3.4.6 Rest of Europe: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.6.1 Rest of Europe: Frozen Seafood Market, by Type
    - 9.3.4.6.2 Rest of Europe: Frozen Seafood Market, by Distribution Channel
9.4 Asia Pacific: Frozen Seafood Market
- 9.4.1 Asia Pacific: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.2 Asia Pacific: Frozen Seafood Market, by Type
- 9.4.3 Asia Pacific: Frozen Seafood Market, by Distribution Channel
- 9.4.4 Asia Pacific: Frozen Seafood Market, by Key Country
  - 9.4.4.1 Australia: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.1.1 Australia: Frozen Seafood Market, by Type
    - 9.4.4.1.2 Australia: Frozen Seafood Market, by Distribution Channel
  - 9.4.4.2 China: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.2.1 China: Frozen Seafood Market, by Type
    - 9.4.4.2.2 China: Frozen Seafood Market, by Distribution Channel
  - 9.4.4.3 India: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.3.1 India: Frozen Seafood Market, by Type
    - 9.4.4.3.2 India: Frozen Seafood Market, by Distribution Channel
  - 9.4.4.4 Japan: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.4.1 Japan: Frozen Seafood Market, by Type
    - 9.4.4.4.2 Japan: Frozen Seafood Market, by Distribution Channel
  - 9.4.4.5 South Korea: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.5.1 South Korea: Frozen Seafood Market, by Type
    - 9.4.4.5.2 South Korea: Frozen Seafood Market, by Distribution Channel
  - 9.4.4.6 Rest of Asia Pacific: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.6.1 Rest of Asia Pacific: Frozen Seafood Market, by Type
    - 9.4.4.6.2 Rest of Asia Pacific: Frozen Seafood Market, by Distribution Channel
9.5 Middle East & Africa: Frozen Seafood Market
- 9.5.1 Middle East & Africa: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.2 Middle East & Africa: Frozen Seafood Market, by Type
- 9.5.3 Middle East & Africa: Frozen Seafood Market, by Distribution Channel
- 9.5.4 Middle East & Africa: Frozen Seafood Market, by Key Country
  - 9.5.4.1 South Africa: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.1.1 South Africa: Frozen Seafood Market, by Type
    - 9.5.4.1.2 South Africa: Frozen Seafood Market, by Distribution Channel
  - 9.5.4.2 Saudi Arabia: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.2.1 Saudi Arabia: Frozen Seafood Market, by Type
    - 9.5.4.2.2 Saudi Arabia: Frozen Seafood Market, by Distribution Channel
  - 9.5.4.3 UAE: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.3.1 UAE: Frozen Seafood Market, by Type
    - 9.5.4.3.2 UAE: Frozen Seafood Market, by Distribution Channel
  - 9.5.4.4 Rest of Middle East & Africa: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.4.1 Rest of Middle East & Africa: Frozen Seafood Market, by Type
    - 9.5.4.4.2 Rest of Middle East & Africa: Frozen Seafood Market, by Distribution Channel
9.6 South and Central America: Frozen Seafood Market
- 9.6.1 South and Central America: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.2 South and Central America: Frozen Seafood Market, by Type
- 9.6.3 South and Central America: Frozen Seafood Market, by Distribution Channel
- 9.6.4 South and Central America: Frozen Seafood Market, by Key Country
  - 9.6.4.1 Brazil: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.6.4.1.1 Brazil: Frozen Seafood Market, by Type
    - 9.6.4.1.2 Brazil: Frozen Seafood Market, by Distribution Channel
  - 9.6.4.2 Argentina: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.6.4.2.1 Argentina: Frozen Seafood Market, by Type
    - 9.6.4.2.2 Argentina: Frozen Seafood Market, by Distribution Channel
  - 9.6.4.3 Rest of South and Central America: Frozen Seafood Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.6.4.3.1 Rest of South and Central America: Frozen Seafood Market, by Type
    - 9.6.4.3.2 Rest of South and Central America: Frozen Seafood Market, by Distribution Channel

10. Impact of COVID-19 Pandemic on Frozen Seafood Market

10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic

11. Company Profiles

11.1 IFC Frozen Seafood
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Sterling Seafood
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Clifton Seafood Company
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Marine Foods
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Viet Asia Foods
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 American Seafoods Company LLC
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Mazetta Company LLC
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 High Liner Foods Inc
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
11.9 The Sirena Group
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
11.10 Castlerock Inc.
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Glossary of Terms