Frozen Seafoods Market is estimated to be US$ 47.3 Billion by 2034; Improved Freezing Technology and Extended Shelf Life to Propel Market Growth

Published Date: March 2024

Frozen Seafoods Frozen seafood refers to various types of seafood that have been frozen and preserved for later consumption. It is a convenient and popular option for seafood lovers as it allows for long-term storage and availability of a wide range of seafood regardless of the season or geographical location. The process of freezing seafood involves rapidly lowering the temperature to preserve its freshness and flavor. This is typically done soon after the seafood is caught to lock in its quality.

Advances in freezing technology have greatly contributed to the growth of frozen seafood. Quick freezing techniques, such as blast freezing and individually quick freezing (IQF), help preserve the quality, texture, and flavor of the seafood. These techniques ensure that the seafood retains its freshness and nutritional value when thawed and cooked. Freezing seafood significantly extends its shelf life compared to fresh seafood. By slowing down bacterial growth and enzymatic activity, frozen seafood can be stored for months without significant deterioration in quality. This allows for better inventory management and reduces waste throughout the seafood supply chain and fuels the growth of Frozen Seafoods Market.

The report “Frozen Seafoods Market, By Type (Fish, Shellfish, and Shrimp), By Application (Supermarkets & Hypermarkets, and Seafood Specialist Retailers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In January 2023, SeaPak Shrimp & Seafood, America’s No. 1 specialty frozen shrimp and seafood brand, launched its newest product “SeaPak Budweiser Beer Battered Flounder Strips”. The only beer-battered frozen flounder product on the market, SeaPak Budweiser Beer Battered Flounder Strips will be made available nationwide in January. They are a good source of protein. The package's suggested retail price is $10.99 and it comes with a traditional tartar sauce that may be frozen and served. Each serving provides 10 grams of protein and only 200 calories.
  • In February 2023, with the launch of it’s first-ever seafood product line, accessible at retail, Red Lobster is bringing seafood to the frozen aisle. The new frozen seafood selections join Red Lobster's award-winning frozen, ready-to-bake Cheddar Bay Biscuits, Gluten-Free Cheddar Bay Biscuit Mix, Traditional Mix, and Honey Butter Biscuit Mix in a range of biscuit retail products. The new retail entrées, which were inspired by customer favorites, make it simpler for customers to eat seafood anytime they want. Examples include Coconut Shrimp Bites and Cheddar Bay Biscuit Shrimp, which pair a Cheddar Bay Biscuit with sweet, delicious shrimp.
  • In February 2023, Gorton's, a brand owned by Nippon Suisan Kaisha, is utilizing its social media presence to advertise new items that is its new air-fried butterfly prawn product, which already has over 90,000 followers on social media. The 170-year-old company wants to connect with Millennials and Generation Z. Gorton's hired a few producers, like Chef Ced and Alyssa in the Kitchen, among others, who posted teaser films showcasing the company's recognizable yellow slicker coat to generate excitement for the air-fried product debut, according to the trade site.
  • In March 2023, Tastee Choice, Ocean Beauty to unveil new products at Seafood Expo North America. Following the success of its frozen Seafood Boil bags, introduced last year, the Choice Group's Tastee Choice brand, based in Jersey City, New Jersey, is showcasing two new seafood boil bags at Seafood Expo North America, including Clam Bake and Crawfish Boil, as well as Breaded Butterfly and Coconut Butterfly Shrimp.
  • In October 2022, Stolt Sea Farm (SSF) has launched its new range of frozen turbot at the Conxemar International Fair in Vigo, Spain. Customers now have year-round access to our premium seafood with the same quality and taste thanks to the introduction of this line. Conxemar is a gathering place for wholesalers, importers, producers, and exporters of fish products and aquaculture. It is an international exhibition of frozen seafood. More than 37,000 experts from more than 100 countries are anticipated to attend.
  • In March 2021, Frozen Fish Direct launched their new and user-friendly ecommerce website. Frozen Fish Direct is aware that while many people enjoy eating fish, they might not always be able to find fresh kinds at their neighborhood grocery. Frozen Fish Direct offers their customers over 200 different types of high quality, very fresh fish, including frozen salmon, squid, crab, eels, prawns, shellfish, and exotic variations.

Analyst View:

Advances in freezing and packaging technology continue to enhance the quality and convenience of frozen seafood. Quick freezing techniques, such as blast freezing and IQF, preserve the freshness, texture, and flavor of seafood. Packaging innovations, such as vacuum sealing and portioned servings, maintain the quality of the product and make it easier for consumers to handle and prepare. Overall, consumer education about proper thawing and cooking techniques, as well as addressing concerns about food safety and quality, will continue to be crucial for the sustained growth of Frozen Seafood Market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Frozen Seafoods Market, By Type (Fish, Shellfish, and Shrimp), By Application (Supermarkets & Hypermarkets, and Seafood Specialist Retailers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Frozen Seafoods Market accounted for US$ 22 Billion in 2024 and is estimated to be US$ 47.3 Billion by 2034 and is anticipated to register a CAGR of 8.80%. Frozen Seafoods Market is segmented based on Type, Application and Region.

  • Based on Type, Frozen Seafoods Market is segmented into Fish, Shellfish, and Shrimp.
  • Based on Application, Frozen Seafoods Market is segmented into Supermarkets & Hypermarkets, and Seafood Specialist Retailers.
  • By Region, the Frozen Seafoods Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Frozen Seafoods Market:

The prominent players operating in the Frozen Seafoods Market includes, AquaChile, Clearwater Seafood, High Liner Foods, Iglo Group, Leroy Seafood, Marine Harvest, Austevoll Seafood, Toyo, Suisan Kaisha, Lyons Seafoods, Sajo Industries and others.

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