The global frozen fish and seafood market to grow at a CAGR of 4.63% during the period 2016-2020.
Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the present scenario and the growth prospects of the global frozen fish and seafood market for 2016-2020. To calculate the market size, the report considers the revenue generated through the retail sales of frozen fish and seafood sold through retail supermarkets and hypermarkets, independent retailers, and convenience stores. The report also includes a discussion of the key vendors operating in this market.
The global population is growing and with it the demand for food, including seafood. According to the World Bank, by 2030, about 70% of the demand for fish and seafood will be from APAC. Therefore, to meet the demand for fish and seafood, the global production of fish and seafood needs to increase more than two-fold. The growth of the F&B industry, lifestyles changes, and increased demand for processed seafood drove the global frozen fish and seafood market in 2015.
Innovation in packaging and preparation is expected to boost sales in the frozen fish and seafood market. In the packaging and preparation of frozen fish and seafood products, skin-packaging (fish on a plate that is sealed with plastic wrapping) is mostly used. Steaming bags that can be used in microwaves and ovens are another example of innovation in packaging. These steaming bags are found in the retail market in Europe.
According to the report, a key driver of this market is the growing demand for frozen seafood as it is more economical and often better for the environment. To reach consumers, fresh fish usually has to be shipped by air. However, frozen seafood can be transported by ship, rail, or truck, which has a significantly lower environmental impact. With frozen fish and seafood, consumers can also avoid wastage as they can defrost only the required amount.
Further, the report states that the debate on the nutritional value of frozen foods could have an impact on the growth of this market.
- AquaChile - High Liner Foods - Iglo Group - Lerøy Seafood - Marine Harvest
Other prominent vendors
- Austevoll Seafood - Lyons Seafoods - Hansung Enterprise - Surapon Foods Public - Tassal Group - Tri Marine International
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/zblrgb/global_frozen
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-frozen-fish-and-seafood-market-2016-2020-with-aquachile-high-liner-foods-iglo-group-leroy-seafood--marine-harvest-dominating----research-and-markets-300276532.html
SOURCE Research and Markets