Market Scope
The market analysis is a crucial step in the detailed research of market size and competitive industry analysis. It encompassed product capacity, market value, and demand as well as marketing methods. SWOT and PESTEL analysis tools are utilised for such analytical data. the possible effects of outside variables on the market for Frozen Fish & Seafood. This research gives a thorough overview of the market for Frozen Fish & Seafood.
Frozen Fish & Seafood Market Overview
The recent market report on " Frozen Fish & Seafood Market ", MMR presents a strategic analysis that sheds light on crucial aspects such as top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors. This comprehensive report serves as an effective tool to analyse the Frozen Fish & Seafood market thoroughly.
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Frozen Fish & Seafood Market Value :
Frozen Fish & Seafood Market size is expected to reach nearly US$ 25.55 Bn by 2029 with the CAGR of 6.1% during the forecast period.
Frozen Fish & Seafood Market Segmentation:
By Product Type, preference for Fresh & Live Fish products dominates the demand for aquatic food products. It is observed that more than 40% of people prefer buying frozen fish and seafood products. Different types of Seaweed and Aquatic plants are consumed on a large scale by people. Shellfish products make 14% of the global consumption and 11% of the total frozen fish and seafood consumption in North America.
by Product Type
Fish
Shellfish
Sea-Weed
Aquatic Plants
Others
By End Users, it is observed that 22% of the total Frozen Fish and Seafood products are consumed by the Commercial sector. Demand for Fish and Seafood in manufacturing food products, cosmetics, and pharmaceuticals has resulted in an 11% growth in industrial consumption. Increased preference for frozen fish and seafood products has resulted in a 9% increase in domestic sales in the US and Europe.
by End User
Industrial
Commercial
Domestic
Others
By Distribution Channels, it is observed that more than 28% of people prefer purchasing Frozen Fish and Seafood through the Specialty Store medium. Specialized Market and Supermarket are preferred by people living in urban areas where freshness and shelf life plays a major role in sales. E-Commerce platforms because of features like delivering fresh food at the doorstep are observing a 12% rise in the number of customers.
by Distribution Channel
Supermarket
Specialty Market
Specialty Store
E-Commerce
Others
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Frozen Fish & Seafood Market Key Players :
1. Premium Seafood Company Inc.
2. The Sirena Group
3. J. Sykes & Sons Ltd.
4. M & J Seafood Ltd.
5. Beaver Street Fisheries
6. Mazetta Company LLC
7. Castlerock Inc.
8. Tri Marine International
9. Marine International
10.Clear Water Seafood
11.High Liner Foods Inc.
12.Leroy Seafood Group
13.Lyons Seafood Limited
14.Mowi ASA
15.Tassal
Regional Analysis
Regional analysis is the examination of area, location, and region to identify areas of market expansion. To sum up, a regional market study considers price rate, market value, production upgrading, and growth rate.
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