According to the latest research by Transparency Market Research, the fish based frozen meals market is to witness steady growth during 2021-2031. Demand for fish based frozen meals market will witness retrieval in short term, with significant growth. The wide consumption of fish based products in the food and beverages industry drives the market with a significant CAGR.
Shifting in the consumers buying behavior has led towards the healthy lifestyle among the every age group. People are constantly focusing towards the healthy diets. Considering the healthy eating habits, consumers are more likely choosing the nutritional based food products. Since decades, consumers around the globe are utilizing the sea food as a good source of nutrients. Overall demand in the developed regions like Europe and North America has remained largely stable which further supported fish based frozen meals market in the regions. Fish based frozen seafood is processed and freeze food that consists of longer shelf life.
Sea food is a considered to be healthful for people of all ages including adults, children and elders. With excellent source of nutritional values fish based meals consists of high amount of proteins. Various types of benefits from sea food importantly includes omega-3 fatty acids and eicosapentaenoic acid. These fatty acids provides benefits to lower the blood pressure and improves cardiovascular functioning. Aforementioned health benefits are some of the factors are driving the fish based frozen meal market.
The European countries such as Germany, Belgium and Netherlands are Europe’s major seafood trade centers. These adjacent North-western countries have rich coastal areas which borders the northern sea. Considering advantage of prominent locations in Europe and port cities like, Hamburg Rotterdam, and Antwerp, these countries act as a gateway to the rest of Europe, helps in major business of the seafood in the region. The vast culture of European countries led the market for products as frozen fish meals has been in demand since decades. This demand may upsurge in near future as consumers are being more concerned about health. Rich source of nutrients available in the seafood may incline the growth for fish based frozen meals that further boosts the market growth.
Austevoll Seafood, Shanghai Kaichuang, High Liner Foods Inc, Eighty Eight Food Group Nippon Suisan Kaisha, Ltd. Clearwater Seafood, Hansung Enterprise, Clearwater Seafood company.
The market of fish based frozen meals is fragmented by the existence of the major companies, determined to tap the market by various partnerships and collaborations. Additionally, the companies are focusing on providing organic products as a growth strategy. Furthermore, the vast requirement from prominent segments like food and beverage applications is spreading the demand associated with the advanced and enhanced products. This demand is further driving growth for the products in developed as well as developing regions around the worlds. Market demand for the global fish based frozen meals anticipated to be steady.
The Covid-19 pandemic has led to a global health emergency and has affected major industries around the world. There is an effect of Covid-19 in the near term and long term. Limitations imposed on the flight, transportation, subsequently, hampered the market chain and distribution channels which directly affects the demand for frozen food. Demand will be modest for frozen fish despite the covid-19 pandemic. Companies working in the frozen fish and its products facing challenges like supply chain, production, and compacted sales. As situations get to normal the global market may observe the shift in the buyer behavior, which may rise towards immunity improving products to reduce the risk of infections. Hence, fish based frozen meals sale is anticipated to recover the market in forecast period.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Fish Based Frozen Meals Market Report Highlights:
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