The Global Demand and Growth Frozen Seafood Market to Skyrocket Up to US$ 37.4 Billion by 2033, Catering to Europe, USA, and Beyond
The global frozen seafood is poised to reach US$ 19.4 billion by 2023, growing at 6.8% annually till 2033, hitting US$ 37.4 billion. Increased consumption, especially in developing regions like Latin America and Asia-Pacific due to rising living standards, and heightened awareness among millennials about seafood’s health benefits are driving this growth. Seafood, rich in vital nutrients like protein, zinc, selenium, and vitamin B1, plays a crucial role in diets worldwide.
The market for frozen seafood is anticipated to be worth US$ 19,382.3 million by the end of 2023. It is set to expand at a CAGR of 6.8% between 2023 and 2033. By 2033, the market is projected to contribute a value of US$ 37,398.5 million.Global seafood consumption has increased significantly during the last few decades. Seafood consumption is expected to increase in rising economies such as those in Latin America and the Asia-Pacific area as living standards grow. It will also be impacted by the growing awareness among millennials of the benefits of eating seafood.Seafood protein is a staple of many diets, particularly in those with inadequate diets overall. Seafood is an important source of not only protein but also other essential nutrients. Fish and shellfish, including salmon, prawns, and clams, are particularly rich sources of zinc, selenium, and vitamin B1.Unlock the Ocean’s Bounty: Dive into the Future of Frozen Seafood with Our Exclusive Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-17051Omega-3 fatty acids, particularly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), are mostly found in seafood. Because of its high nutritional content, seafood provides protection against a variety of health issues.Consumption of seafood has increased as a result of the idea that eating seafood is healthy, and output is predicted to rise steadily as a result. Less waste, better utilisation, and improved distribution techniques would all be advantageous.In locations where fresh seafood is more difficult to find, frozen seafood is more prevalent because it can be stored for a long period. This suggests that even those who live far from the coast or in an area with few transportation options can enjoy seafood all year round. Additionally, frozen seafood is simpler to transport than fresh seafood, which can be highly delicate and require special treatment.Due to high demand and the scarcity of some species, fresh seafood can be pricey; nevertheless, frozen seafood is typically less expensive. Bulk frozen fish purchases provide for even greater cost reductions and more economical meal preparation.Due to improvements in freezing technology, sales of frozen seafood are anticipated to increase drastically worldwide. Thanks to contemporary technology, it tastes almost as fresh as its unfrozen counterpart. As a result, frozen seafood is now more widely accepted and has less of a stigma connected to it.Key Takeaways from Frozen Seafood Market Study
