Europe Frozen Seafood Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Frozen Fish, Frozen Crustaceans, Frozen Mollusks, and Others) and Distribution Channel (Supermarket and Hypermarkets, Specialty Stores, Online Retail, and Others)
The frozen seafood market in Europe is expected to grow from US$ 3,633.44 million in 2022 to US$ 5,128.64 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2022 to 2028.
The rise in disposable income and the preference for food that provides convenience in cooking and consumption, such as frozen seafood, has gained profound importance, especially among the urban populace due to their busy lifestyle. Furthermore, the increasing awareness among consumers regarding the health benefits offered by seafood is contributing to the growth of the frozen seafood market in Europe. Consumers are shifting toward a healthy lifestyle, which has led to high demand for healthy food with nutritional value. Seafood contains many nutrients, such as protein, iron, vitamin D, and omega-3 fatty acids, which are incredibly important for the human body and brain and provides essential nutrition to infants and children for their development. It consists of a low percentage of total fat and saturated fat. Seafood is a low-fat and high-protein food that can help to build muscle, improve eyesight, boost brainpower, support heart health, relieve joint discomfort, and improve skin and hair. Eating seafood decreases the risk of heart attack, stroke, hypertension, and obesity.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe frozen seafood market at a substantial CAGR during the forecast period.
Europe Frozen Seafood Market Revenue and Forecast to 2028 (US$ Million)
Europe Frozen Seafood Market Segmentation
The Europe Frozen seafood market is segmented into type, distribution channel, and country.
Based on type, the Europe frozen seafood market is segmented into frozen fish, frozen crustaceans, frozen mollusks, and others. In 2022, the frozen fish segment accounted for the largest revenue share.
Based on the distribution channel, the Europe frozen seafood market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Supermarkets and hypermarkets held the largest market share by revenue in 2022.
Based on country, the Europe Frozen seafood market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe held the largest market share in 2022.
Castlerock Inc., IFC Frozen Seafood, Marine Foods, Sterling Seafood, The Sirena Group, and Viet Asia Foods are among the leading companies operating in the Europe frozen seafood market.
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