June 28, 2022 10:30 ET | Source: Transparency Market Research Transparency Market Research

Albany, New York, UNITED STATES

Wilmington, Delaware, United States, June 28, 2022 (GLOBE NEWSWIRE) -- The global frozen fish & seafood market is estimated to register growth at a CAGR of 7.3% during the forecast period of 2020 to 2030, notes a study by Transparency Market Research (TMR).

Statistics highlight that more than 50% of fresh and frozen products consumed today are finfish. Moreover, over three-fourth of the seafood products consumed globally are in the form of fresh and frozen. Owing to hectic lifestyles of working people around the globe, this population base is inclining toward buying and consuming food products that are easy to cook, nutritious, and easily available. Hence, the popularity of frozen seafood products is increasing among this consumer pool. This, in turn, is fueling the sales growth in the global frozen fish & seafood market.

Frozen fish & seafood products are in high demand across developed nations globally. Moreover, manufacturers of frozen fish & seafood products are observing increase in the demand for their products from several developing countries across the globe. This trend is expected to impact positively on the market growth.

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Major companies operating in the frozen fish & seafood market are executing strategies such as mergers and acquisitions in order to expand their businesses in newer regions. These strategies are also helping them in boosting their product portfolio. Moreover, several enterprises in the frozen fish & seafood market are increasing the spending on promotional activities in order to spread awareness about their products, thereby increasing their sales, highlights TMR report.

Players from the frozen fish & seafood market are improving their supply chains in order to address the issues occurring due to the COVID-19 pandemic. Moreover, they are using advanced options such as online retailing during this critical situations of pandemic.

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Frozen Fish & Seafood Market: Key Findings

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Frozen Fish & Seafood Market: Growth Boosters

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Frozen Fish & Seafood Market: Key Players

Some of the key players profiled in the report are:

Frozen Fish & Seafood Market Segmentation

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