Frozen Fish & Seafood Market: Introduction
A latest report published by Transparency Market Research on the frozen fish & seafood market includes global frozen fish & seafoodproduction and consumption analysis, along with market opportunity assessmentfor 2020-2030. The global frozen fish & seafood market isexpected to be valued at ~US$ 36 Bn in 2020, whichis anticipated to expand at a CAGR of ~7.3% to reach ~US$ 70 Bn by 2030.
Increasing Demand for Protein and Other ViralNutrients to Propel Frozen Fish & Seafood Market
Robust growth of the food and dietary supplement industry is expected toresult in higher demand for fish protein, creating a profitable opportunity forplayers in the frozen fish & seafood market across the globe. The nutrientprofile of fish protein is compatible with the human digestion process. In thecoming years, with increasing demand for protein, health supplements and othervital nutrients by consumers, fish protein could be used as a preferred bestsource for all. This is likely to generate opportunities for frozen fish &seafood manufacturers to increase their revenue in the coming years.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18110
Frozen Seafood Products Gaining Traction in FoodIndustry
Approximately, more than three-fourths of the seafood products consumedacross the globe are in the form of fresh and frozen, and slightly over 50% offresh and frozen products are finfish. Less than half are shellfish and amongthat, the demand for shrimp is the highest. Due to busy lifestyles, the demandfor frozen seafood products is increasing, as they are conveniently available,easy to cook, and nutritious. Hence, these factors are driving the expansion ofthe frozen fish & seafood market.
More Trending Reports
Leading Manufacturers Strive to StrengthenDistribution Channels
Frozen fish & seafood are widely used in the food processingindustry, food service providers, retail/household, and animal feed and petfood. Due to the high demand for frozen fish & seafood, major manufacturersare focusing on strengthening their network with distributors to reach a largerconsumer base. This is more common among the leading manufacturers who are focusingon increasing their global presence. Major manufacturers are focusing onacquisitions of smaller manufacturers, which will help them to strengthen theirdistribution network as well as production capacity.
· For instance, in 2013, Cargill Incorporated acquired SiamakmeAquatic Feeds Co., Ltd, a shrimp feed manufacturer in Thailand. Theaim behind this acquisition was to strengthen the distribution channel in Asiamarket as well as to increase production capacity of shrimps.
BuyNow
https://www.transparencymarketresearch.com/checkout.php?rep_id=18110<ype=S
About Us
Transparency Market Research (TMR) isa global market intelligence company providing business information reports andservices. The company’s exclusive blend of quantitative forecasting and trendanalysis provides forward-looking insights to thousands of decision makers.TMR’s experienced team of analysts, researchers, and consultants use proprietarydata sources and various tools and techniques to gather and analyseinformation.
TMR’s data repository is continuouslyupdated and revised by a team of research experts so that it always reflectsthe latest trends and information. With extensive research and analysiscapabilities, Transparency Market Research employs rigorous primary andsecondary research techniques to develop distinctive data sets and researchmaterial for business reports.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
