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Frozen Seafood Market Set to Witness Steady Growth through 2017- 2025

Frozen seafood products are processed by two processes namely cryogenic also known as flash freezing and mechanical.
Nikita Limkar | 11.12.2017
Frozen seafood products are freeze processed which helps in inhibiting the bacterial formation of the food products along with increasing the shelf life of the food products. The freezing process in the frozen seafood products helps in lowering the decomposition by turning the remaining moisture into ice along with inhibiting the growth of the most bacterial species present in the food products. Frozen seafood products are processed by two processes namely cryogenic also known as flash freezing and mechanical. The frozen seafood products are mostly frozen by using cryogenic freezing which is most used freezing technology as a result of presence of ultra-low liquid nitrogen which has temperature of -196 degree celsius. Carboxymethylcellulose, an odourless stabilizer is mostly used in the frozen seafood products which do not adulterate the quality of the frozen seafood products. Many frozen seafood manufacturers are using cryogenic freezing technology globally which helps in maintaining low temperatures which contains solid carbon dioxide or liquid nitrogen which is directly applied to the frozen seafood products. Using modern freezing technology, the frozen seafood products can be stored for a long period of time.

Global Frozen Seafood: Market Segmentation

The global Frozen Seafood market is segmented on the basis of type, distribution channel and region. The Frozen Seafood market is segmented on the basis of type such as shrimps, crustaceans, shellfish, molluscs, and others. The global Frozen Seafood market is segmented on the basis of distribution channels such as supermarket and hypermarket, convenience stores, online stores, and others. Hence, the global Frozen Seafood market is expected to significantly increase the revenue contribution over the forecast period.

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Global Frozen Seafood Market: Regional Outlook

Geographically, the global Frozen Seafood industry can be divided by major regions which include North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Globally, among all regions, North America has developed as the dominant region in global Frozen Seafood market followed by Europe and Asia Pacific. Increasing demand for Frozen Seafood as a thickening agent in various end use applications, has strengthened the growth of global Frozen Seafood market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.

Global Frozen Seafood Market: Growth Drivers

The global frozen seafood market driving factors are increasing demand for frozen seafood products globally. Manufacturers are focusing on providing healthier product offerings. Frozen seafood products are freezed with cryogenic technology which helps in inhibiting the growth of bacteria of the frozen seafood products. Many frozen seafood manufacturers are using cryogenic freezing technology globally which helps in maintaining low temperatures which contains solid carbon dioxide or liquid nitrogen which is directly applied to the frozen seafood products. Using modern freezing technology, the frozen seafood products can be stored for a long period of time. Many consumers are shifting their preference to frozen foods over canned foods because in frozen foods the nutrients are does not get destroyed and hence the food products are consumed worldwide. Such frozen seafood products maintains the quality of the products and hence is mostly consumed globally. Hence, the global Frozen Seafood market is expected to observe robust growth over the forecast period.

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Global Frozen Seafood Market: Key Players

Some of the key players identified across the value chain of the global Frozen Seafood market include Premium Seafood Company, Inc., The Sirena Group, J.Sykes & Sons Ltd., M&J Seafood Ltd., Beaver Street Fisheries, Mazetta Company, LLC, Castlerock Inc., and others. The companies are expected to expand their business by enhancing their product portfolio in global Frozen Seafood market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global Frozen Seafood market till 2025.