Seafood that has been frozen at a low temperature is known as frozen seafood, and it is usually offered for sale in bags or separately vacuum-sealed packets. Seafood that has been cooked and sealed in a can or jar with a mixture of sauce, water, or oil is known as canned seafood. Seafood that has been frozen at a low temperature is known as frozen seafood, and it is usually offered for sale in bags or separately vacuum-sealed packets. Seafood can be preserved by freezing, which usually has no negative effects on its flavor or texture. Seafood that has been cooked and sealed in a can or jar with a mixture of sauce, water, or oil is known as canned seafood. Because canned fish has a longer shelf life and is portable, it can be convenient.
According to SPER Market Research, ‘Global Frozen and Canned Seafood Market Size- By Type, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global Frozen and Canned Seafood Market is estimated to reach USD 170.61 billion by 2033 with a CAGR of 5.58%.
Drivers:
As people grow more health conscious and look for wholesome food options, the demand for canned and frozen seafood products is increasing globally. Customers are choosing healthier and more natural food options as a result of the worldwide health and wellness movement. This trend is supported by canned and frozen seafood, which offers a minimally processed, preservative-free source of wholesome protein. New canned seafood items with various flavours, recipes, and ingredients are constantly being developed and introduced by manufacturers. Customers can save time by using canned seafood, which needs little preparation and can be eaten right out of the container. Modern customers' hectic schedules are increasing demand for canned and frozen seafood products worldwide, which propels market expansion.
Restraints:
Emissions of greenhouse gases (GHGs) are the primary source of a number of environmental problems worldwide. GHGs are trapped in the atmosphere, which raises global temperatures, raises sea levels, causes heat waves and droughts, disrupts rainfall patterns, and intensifies storms—all of which endanger human health worldwide. To regulate and prevent overfishing, governments have established fishing quotas. Government-imposed restrictions thereby limit the rate of fish production. Additionally, the quality of seafood is greatly impacted by the increasing climate. The production is hampered by the lower quality of the seafood. Additionally, as the majority of seafood produced is consumed live, the market's growth is further hampered by the limited availability to leading manufacturers.
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Travel bans and lockdowns during the early phases of the pandemic caused supply chain disruptions for the global market for canned and frozen seafood. This affected the availability of canned seafood on the market as a whole by causing labour shortages, transportation delays, and difficulties locating raw materials. Frozen and canned seafood, which had a longer shelf life and was easier to store, became more popular as people prioritised necessities and non-perishable food items. The dynamics of the global frozen and canned seafood market were impacted by the rise in demand for shelf-stable goods. E-commerce platforms also became quite popular and were a vital way for canned and frozen seafood to be distributed.
Asia Pacific held the highest canned seafood market share in 2022 owing to the higher per capita consumption in countries such as China, India, and others in the region. Major players in the market are Maruha Nichiro Corporation, Mowi ASA, Nippon Suisan Kaisha Ltd, Sysco Corporation and Thai Union Group PCL.
Frozen and Canned Seafood Market Segmentation:
By Type: Based on the Type, Global Frozen and Canned Seafood Market is segmented as; Fish, Shrimp, Other Seafood.
By Distribution Channel: Based on the Distribution Channel, Global Frozen and Canned Seafood Market is segmented as; Convenience Stores, Online Channel, Supermarkets and Hypermarkets, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
For More Information, refer to below link: -
Frozen and Canned Seafood Market Outlook
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