The global frozen seafood market is predicted to increase from a valuation of US$ 28 billion in 2023 to US$ 48 billion by the end of 2033, market expanding at a CAGR of 5.5%.
High demand for convenient food products all over the world has opened up several opportunities for top frozen food manufacturing companies to invest more in prepared frozen fish production as demand for processed frozen seafood is estimated to rise at a CAGR of 5.7% through 2033.
Frozen seafood products are stored or kept at a freezing temperature to prolong their shelf life by limiting microorganism growth. Frozen seafood is high in demand in regions far from water bodies. The global market is predicted to rise due to continued development and innovation in cold-chain transportation.
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Additionally, it is anticipated that as consumers’ awareness of their own health increases, their preference for frozen meals will shift away from canned goods. The global market is also developing as a result of the rising trend of substituting seafood for red meat. The availability of healthy products is being emphasised by manufacturers. Cryogenic technology is used to freeze fish products, which helps stop bacteria from forming on frozen seafood.
Several frozen seafood manufacturers use cryogenic freezing technology, which directly applies to frozen fish products and uses solid carbon dioxide or liquid nitrogen to maintain low temperatures. Modern freezing techniques allow for the long-term storage of frozen fish items.
Increasing Frozen Seafood Adoption to Minimize Environmental Impact
Although though people prefer fresh seafood, the carbon footprint is larger when compared to frozen seafood since fresh seafood requires flying and rushed travel, but frozen seafood moves on energy-efficient transportation since time is not a concern once the fish is frozen. Transporting frozen fish by trucks, trains, or ships considerably lessens the impact on the environment as a whole.
Moreover, flash freezing helps reduce processing waste. Sales of frozen seafood are anticipated to increase over the next several years as sustainable food movements gain support and consumers become more conscious of how their food choices affect the environment.
Competitive Landscape
Top frozen seafood manufacturers are always coming up with new ideas to match the continuously changing tastes and preferences of consumers. To entice lots of customers, they are introducing products with improved flavors and health advantages.
For instance :
- In 2021, a new biodegradable packaging option was created by Dutch frozen food provider J.P. Verwijs for its range of fish and other seafood products. The packaging is environment-friendly and uses less plastic.
Key Companies Profiled
- SalMar
- Coast Seafood
- Maruha Nichiro
- Trident Seafoods
- Thai Union Group
- Sterling Seafood Corp.
- Clifton Seafood Company
- Marine Harvest ASA
- Austevoll Seafood ASA
- Charoen Pokphand Foods
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