The frozen fish and seafood market will be led by Europe during the forecast period. The growth of the market in the region will be driven by a rise in demand for fish and seafood products due to increased imports as well as exports. However, market growth in this region will be slower than the growth of the market in other regions. France, Germany, and Spain are the key countries for the frozen fish and seafood market in Europe.
The frozen fish and seafood market size is expected to grow by USD 24.84 mn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 6.78% during the forecast period.
By distribution channel, the offline segment will have significant market share growth during the forecast period. Customers are demanding different variants of frozen fish and seafood, with the growth in retail channels in cities and regions. This has increased sales through the offline channel.
The growing desire for convenience is driving the frozen fish and seafood market growth. Many consumers prefer ready-to-eat meals due to their increasingly hectic lifestyles. The demand for convenience foods like frozen fish and seafood is increasing, with the advances in refrigeration techniques, a rising number of small households, and the growing number of working women.
Innovation in frozen fish and seafood packaging is a major trend in the frozen fish and seafood market. Seafood is considered a source of proteins, vitamins, minerals, and fatty acids. Hence, proper packaging is needed to prevent the spoilage of fish. Many vendors are focusing on offering frozen fish and seafood in attractive packaging. Thus, packaging innovations can increase the sales of frozen fish and seafood products during the forecast period.
