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What is the Expected Growth Rate of the Frozen Fish Market from 2024 to 2033?

The frozen fish market has grown significantly, expected to rise from $24.73 billion in 2023 to $26.76 billion in 2024, with a CAGR of 8.2%. This growth is driven by urbanization and busy lifestyles, investments in cold chain logistics, demand for protein-rich diets, government support for sustainable fishing, and increased awareness of the health benefits of fish.

The frozen fish market is anticipated to see strong growth, reaching $37.19 billion by 2028 with a CAGR of 8.6%. Contributing factors include increased fisheries production, awareness of environmental issues, the growth of e-commerce, rising demand for fish products, and a preference for premium and exotic fish. Major trends include technological advancements, ready-to-eat products, packaging innovations to extend shelf life, exotic varieties, and low-mercury options.

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What Key Factors Are Fueling the Growth of the Frozen Fish Market?

The increasing production of fisheries and aquaculture is expected to propel the growth of the frozen fish market. Fisheries involve catching and processing fish, while aquaculture focuses on breeding and harvesting fish in controlled settings. Growth in this sector is driven by technological improvements, better breeding practices, rising global seafood demand, and supportive policies. Modern freezing technologies ensure frozen fish maintains its nutritional value and quality. For instance, in March 2024, the Department of Agriculture and Water Resources projected that Australia’s fisheries and aquaculture sectors would generate an average of $3.48 billion annually from 2024 to 2028, with output volume expected to rise by 1% by 2024–2025. Therefore, the increasing production of fisheries and aquaculture is driving the growth of the frozen fish market.

What Are the Major Segments of the Frozen Fish Market?

1) By Type: Salmon, Tuna, Cod, Tilapia, Shrimp, Other Types

2) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Retail

3) By End Use: Food Processing Industry, Food Service Provider, Retail Or Household

What New Trends Are Transforming the Frozen Fish Market?

Companies in the frozen fish market are creating Asian-inspired frozen fish products to meet evolving consumer tastes. In February 2024, Young’s Seafood launched a new range of coated fish products inspired by Southeast Asian cuisines, offering convenient and flavorful meal options.

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Which Regions Are Driving Growth in the Frozen Fish Market?

North America was the largest region in the frozen fish market in 2023. The regions covered in the frozen fish market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Frozen Fish Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the frozen fish market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Frozen Fish Market Include

1. Frozen Fish Market Executive Summary

2. Frozen Fish Market Segments

3. Frozen Fish Market Size And Template Market Growth Rate

4. Key Frozen Fish Market Trends

5. Major Frozen Fish Market Drivers

……

25. Key Mergers And Acquisitions In The Frozen Fish Market

26. Top Frozen Fish Companies

27. Frozen Fish Market Opportunities And Strategies

28. Frozen Fish Market, Conclusions And Recommendations

29. Appendix

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