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

Frozen Seafoods Market was valued at US$ 22 Billion in 2024 and is projected to grow at a CAGR of 8.80% to reach US$ 47.3 Billion by 2034.

Frozen Seafoods offers several advantages, firstly, it allows consumers to access a diverse range of seafood products throughout the year, even if they are located in areas far from the coast. It also enables seafood to be transported over long distances without compromising its quality, ensuring that people around the world can enjoy fresh-tasting seafood. When purchasing frozen seafood, it's important to check the packaging for any indications of quality and freshness. Look for products that have been properly stored at the recommended temperature and have not been thawed and refrozen.

Compared to fresh seafood, freezing it greatly increases its shelf life. Frozen seafood can be kept for months without noticeably losing quality since it inhibits bacterial development and enzymatic activity. Further, the growth of international trade and advancements in logistics have facilitated the global distribution of frozen seafood. Suppliers can transport frozen seafood products efficiently, ensuring their availability in various markets worldwide. This has expanded the consumer base for Frozen Seafood Market and contributed to its overall growth.

Improved Freezing Technology

Improved freezing technology plays a crucial role in the frozen seafood market, ensuring that seafood products maintain their quality, flavor, and texture during the freezing process.

For instance, in May 2021, in focusing on the frozen category, seafood companies are much closer to meeting consumer needs and far better positioned to unlock new margins. The end result is a cutting-edge range of advanced freezing innovations with a leading market position, including IQF Tunnel freezers, non-pressure plate freezers, brine freezing systems, as well as several add-ons for further processing and related services.  With the use of these techniques, fish are guaranteed to maintain their original size, flavor, and nutritional content throughout the whole processing procedure. 

Health and Nutritional Benefits

To maximize the health benefits of frozen seafood, it is recommended to follow balanced dietary guidelines, consume a variety of seafood species, and incorporate it as part of a well-rounded diet that includes plenty of fruits, vegetables, whole grains, and other nutrient-dense foods which helps in contributing to Frozen Seafoods Market growth. Many species of seafood are rich in omega-3 fatty acids, including Eicosapentaenoic Acid (EPA) and Docosahexaenoic Acid (DHA). These fatty acids have been associated with numerous health benefits, such as supporting heart health, reducing inflammation, improving cognitive function, and promoting healthy skin.

Restrains:

Fresh seafood often has vibrant colors and a visually appealing appearance. Some consumers associate the freshness and quality of seafood with its visual appearance. Frozen seafood may not have the same visual appeal, especially if it has been frozen for a long time or if ice crystals have formed on the product. There also may be concerns among consumers about the handling and storage practices of frozen seafood. If consumers perceive that the freezing and storage processes have not been properly managed, they may question the quality and safety of the frozen seafood.

Frozen Seafoods Market is segmented based on Type, Application and Region.

Type Insight

On the basis of Type, Frozen Seafoods Market is segmented into Fish, Shellfish, and Shrimp. Fish is expected to dominate the target market growth as Fish, such as salmon, cod, tuna, tilapia, and haddock, are frequently frozen and sold in supermarkets and seafood markets. They are popular choices for consumers due to their versatility, nutritional value, and wide availability.

Application Insights

On the basis of Application, Frozen Seafoods Market is segmented into Supermarkets & Hypermarkets, and Seafood Specialist Retailers. Supermarkets and hypermarkets are expected to dominate the target market growth as these large-scale retail stores typically offer a wide range of products, including frozen seafood, to cater to the needs of a diverse customer base. Supermarkets and hypermarkets often have dedicated sections or aisles dedicated to frozen foods, including frozen seafood.

Regional Insights:

On the basis of region the Frozen Seafoods Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to witness a significantly high revenue share over the forecast period, as The United States and Canada have been major consumers of frozen seafood, with a high demand for products such as shrimp, fish fillets, and crab. The convenience and longer shelf life of frozen seafood make it popular among consumers in this region.

Report Scope:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Type - Fish, Shellfish, and Shrimp By Application - Supermarkets & Hypermarkets, and Seafood Specialist Retailers
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Frozen Seafoods Market report based on Type, Application and Region:

Frozen Seafoods Market, By Type:

• Fish
• Shellfish
• Shrimp

Frozen Seafoods Market, By Application:

• Supermarkets & Hypermarkets
• Seafood Specialist Retailers

Frozen Seafoods Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating 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.

• AquaChile *
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Clearwater Seafood
• High Liner Foods
• Iglo Group
• Leroy Seafood
• Marine Harvest
• Austevoll Seafood
• Toyo
• Suisan Kaisha
• Lyons Seafoods
• Sajo Industries

“*” marked represents similar segmentation in other categories in the respective section

Recent Development:

• 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 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.

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for medical carts Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Type
     • Market Snippet, By Application
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restrains
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Frozen Seafoods Market, By Type, 2022 – 2032, (US$ Bn)

• Overview
  • • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
    • Y-o-Y Growth Analysis (%), 2022 – 2032
    • Segment Trends
  • Fish
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  • Shellfish
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  • Shrimp
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032

1. Frozen Seafoods   Market, By Application, 2022 – 2032, (US$ Bn)
   • Overview                                      
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
     • Y-o-Y Growth Analysis (%), 2022 – 2032
     • Segment Trends
   • Supermarkets & Hpermarkets
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Seafood Specialist Retailers
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
2. Frozen Seafoods   Market, By Region, 2022 – 2032, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
     • Y-o-Y Growth Analysis (%), 2022 – 2032
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • UK
       • France
       • Germany
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • India
       • Japan
       • South Korea
       • China
       • Rest of Asia Pacific

• • Latin America
    • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
    • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
    • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
• • • • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
    • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
    • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032

1. • • • GCC
       • Israel
       • South Africa
       • Rest of Middle East
2. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
3. Company Profiles

• AquaChile
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Clearwater Seafood
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• High Liner Foods
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Iglo Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Leroy Seafood
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Marine Harvest
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Austevoll Seafood
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Toyo
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Suisan Kaisha
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Lyons Seafoods
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

1. The Last Word
   • Future Impact
   • About Us
   • Contact