About Frozen Fish and Seafood
Frozen fish and seafood are packaged food items that are prepared by freezing the foods to preserve them from the time of their preparation to consumption. With hectic schedules of consumers and subsequent demand for quick meal options, the popularity of convenience food products is increasing. A growing working women population base, improving living standards, and the growth of urban settlements are also adding to the popularity of convenience food products, and is subsequently helping in the growth of the global frozen fish and seafood market.
Technavio’s analysts forecast the global frozen fish and seafood market to grow at a CAGR of 5.03% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global frozen fish and seafood market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of frozen fish and seafood to customers as well as to foodservice customers through various retail outlets.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Frozen Fish and Seafood Market 2017-2021
Technavio recognizes the following companies as the key players in the global frozen fish and seafood market: AquaChile, Clearwater, High Liner Foods, and Nomad Foods Europe.
Other Prominent Vendors in the market are: Austevoll Seafood, Hansung Enterprise, Lerøy, Lyons Seafoods, Marine Harvest, SURAPON FOODS, Tassal, and Tri Marine.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovation in packaging and preparation. PostlerFerguson, a UK-based design agency has created a fresh fish pack concept for use at fresh fish counters. It is made from double-layered polyethylene, and is airtight, resalable, and can be filled with ice for transport to keep the fish fresh. In North America, High Liner Foods, which markets its frozen seafood to retailers under the Sea Cuisine and Fisher Boy brand has switched to a mineral-based coating technology provided by Smart Planet Technologies.”
According to the report, one driver in the market is growing desire for convenience. The increasing hectic lifestyles of consumers make them prefer ready-to-eat meals, which can reduce the preparation or cooking time and clean-up time. Convenience is a key factor which is frequently considered by frozen fish and seafood vendors to increase the relevance of their products to consumers, as the majority of consumers look for convenience when opting for any packaged product. The white fish species that are often used as convenience food products are pollock, Alaska pollock, and pangasius.
Further, the report states that one challenge in the market is no proven validation of nutritional value. Over a long time, frozen food products have gone under a lot of scrutiny and debates. Since there is no authorized proven validation against frozen foods, consumers are still not sure about their nutritional value. The USDA and FDA have provided just the refrigeration or freezing guidelines, and nowhere the nutritional degradation or benefits of frozen food items have been mentioned. There have been numerous cases of frozen food contamination with Salmonella, E. coli, and Listeria. It has also been found that consistent re-heating may also decrease the nutritional value of frozen food products.
AquaChile, Clearwater, High Liner Foods, Nomad Foods Europe, Austevoll Seafood, Hansung Enterprise, Lerøy, Lyons Seafoods, Marine Harvest, SURAPON FOODS, Tassal, and Tri Marine.
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