The global processed seafood market is anticipated to grow at a significant CAGR of 3.9% during the forecast period. The beneficial properties of processed seafood attract consumers and increase the consumption of seafood. Processed seafood contains vitamin B12, phosphorus, magnesium, potassium, and others, which are also medically recommended and beneficial to keeping low cholesterol levels and fighting cancer and tumour growth. The benefits associated with the consumption of processed seafood such as it lowers hearth attacks, boost brain health, help in prevent and treat depression and others, drives the growth of the processed seafood market globally. As per Phys.org, the global per head consumption is estimated at 22.3 kg. The highest consumption at EU level is observed in Portugal (61.5 kg per head) while outside the EU, the top consumers are Korea (78.5 kg per head) followed by Norway (66.6 kg per head).
In addition, market players are also contributing to the growth of the market by launching variety of seafoods to fulfil the growing consumer demand. For instance, in March 2022, European fish processor Greenland Seafood, owned by Canada’s Sofina Foods, has launched a range of frozen plant-based fish alternatives such as fish-free fingers, burgers, and fish cakes, made with rice protein for a flaky texture. Additionally, in 2021, Bristol Seafood has launched Seafood Singles, a new addition to its frozen retail line. The new offering features quality fish packed in perforated, easy-peel packs with a QR code connecting the consumer to recipes and sustainability information. Also, the increasing prices of raw seafood have led consumers to shift towards processed seafood products. In February 2022, Acme Smoked Fish introduced a new product, Togarashi Smoked Salmon now available for nationwide distribution. Togarashi Smoked Salmon begins with delicate cold-smoked salmon that’s seasoned with a proprietary Togarashi spice blend. The new Seafood Singles include center-cut Atlantic salmon portions and those with additional flavors including lemon & pesto butter or ginger & garlic butter.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Seafood Type
- By Product Type
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including Abad Fisheries Pvt. Ltd., Greenland Seafood Europe GmbH, High Liner Foods Incorporated, Trident Seafoods Corporation, Universal Seafood, and others.
Processed Seafood Market Report Segment
By Seafood Type
- Fish
- Shrimps
- Crabs
- Tuna
- Roe
- Molluscs
By Product Type
- Frozen Products
- Smoked Products
- Canned Products
- Dried Products
- Others
By Distribution Channel
- Online
- Offline
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Processed Seafood Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Abad Fisheries Pvt. Ltd.
- Acme Smoked Fish Holding Corp.
- Bristol Seafood
- Greenland Seafood Europe GmbH
- High Liner Foods Inc.
- KARAVELA SIA
- Mazzetta Company, LLC
- Mowi ASA
- Seaboard Foods
- Scout
- Trident Seafoods Corp
- Universal Seafood
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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- Over 100+ paid data sources mined for investigation.
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