According to IMARC Group’s latest report, titled “European Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the European frozen seafood market size reached US$ 23.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2027, exhibiting a growth rate (CAGR) of 3.13% during 2022-2027.
The European continent is intricately linked with the sea and seafood products form a quintessential part of the regional cuisine. These products serve as a rich source of proteins, micronutrients and essential fatty acids, and are low in fat. They are known to promote heart health, ease the symptoms of arthritis, maintain healthy eyesight, and preserve skin moisture, along with offering innumerable other health benefits. As these products are highly perishable, they require freezing for extending their shelf-life. The freezing process employs advanced techniques like cryofreezing to freeze the products below 200 degree celsius. This helps in sealing the flavor and nutrients in the food products for an extended period.
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European Frozen Seafood Market Trends:
Owing to busy schedules and hectic lifestyle, the demand for convenience foods has experienced an increase across the European continent. This represents the key factor driving the market of frozen seafood in the region. Rich in proteins and essential nutrients, frozen seafood serve as the best alternative to red meat for meeting the daily protein requirements. It is, therefore, gaining rapid popularity among the health-conscious consumers who are seeking healthy sources of protein amidst a hectic schedule. Besides this, their non-perishable nature coupled with the presence of several cold storage services across the region aid in the continual growth of the market. Additionally, a thriving aquaculture industry also contributes to the market growth.
European Frozen Seafood Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the european frozen seafood market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the european frozen seafood market on the basis of product type, distribution channel and country.
Breakup by Product Type:
- Small Pelagics
- Tuna and Tuna like Species
- Bivalves and Other Molluscs, and Aquatic Invertebrates
- Other Marine Fish
- Freshwater Fish
Breakup by Distribution Channel:
- Discount Retailers
- Supermarkets and Hypermarkets
- Specialty Stores
- United Kingdom
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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