The Prepared Frozen Fish Production industry expanded marginally over the past five years. Since seafood is more expensive than red meat and poultry, when disposable income rises, consumers are able to comfortably trade up to more seafood. However, as the price of key inputs, namely fish and seafood, fluctuated over the current period, revenue fluctuated accordingly. Furthermore, marginal increases in per capita seafood consumption subdued industry growth. Although frozen foods are typically perceived as being less healthy than fresh foods, young professionals that are strapped for time are increasingly purchasing frozen foods for their convenience. Opportunities to reach out to this demographic and innovate new healthful varieties of existing products has encouraged a robust rise in the number of industry operators over the past five years. The industry is expected to expand at a steadier rate over the next five years. Unlike the previous period, the price of seafood is expected to decline steadily.
This industry processes fish and seafood into prepared products that are then frozen, including whole dinners, fillets, surimi, soups and chowders. Fresh-prepared seafood items are excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.