The frozen seafood market in Asia Pacific is expected to grow from US$ 6,708.32 million in 2022 to US$ 8,965.43 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2022 to 2028.
Many companies in the Asia Pacific frozen seafood market are expanding their product offerings under the category of children-friendly food items to explore untapped growth opportunities. Furthermore, several studies have stated that omega-3 in seafood improves children's sleep patterns and IQ levels. Thus, parents are demanding better seafood products for their children. Moreover, the entry of new players, R&D activities, efficient resource allocation, technical advancements, and increased competition among rivals to extend their regional and client bases are contributing to the innovation of seafood products, which is contributing to the market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific Frozen seafood market at a substantial CAGR during the forecast period.
The Asia Pacific frozen seafood market is segmented into type, distribution channel, and country.
Many companies in the Asia Pacific frozen seafood market are expanding their product offerings under the category of children-friendly food items to explore untapped growth opportunities. Furthermore, several studies have stated that omega-3 in seafood improves children's sleep patterns and IQ levels. Thus, parents are demanding better seafood products for their children. Moreover, the entry of new players, R&D activities, efficient resource allocation, technical advancements, and increased competition among rivals to extend their regional and client bases are contributing to the innovation of seafood products, which is contributing to the market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific Frozen seafood market at a substantial CAGR during the forecast period.
Asia Pacific Frozen Seafood Market Segmentation
The Asia Pacific Frozen seafood market is segmented into type, distribution channel, and country.The Asia Pacific frozen seafood market is segmented into type, distribution channel, and country.
- Based on type, the Asia Pacific frozen seafood market is segmented into frozen fish, frozen crustaceans, frozen mollusks, and others. In 2022, the frozen fish segment accounted for the largest market share.
- Based on distribution channel, the Asia Pacific frozen seafood market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share in the market in 2022.
- Based on country, the Asia Pacific frozen seafood market is segmented into Australia, China, India, Japan, and the Rest of Asia Pacific. China held the largest market share in 2022.
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Frozen Seafood Market Landscape
5. APAC Frozen Seafood Market - Key Market Dynamics
6. Frozen Seafood Market- APAC Analysis
7. APAC Frozen Seafood Market Analysis - by Type
8. APAC Frozen Seafood Market Analysis - by Distribution Channel
9. APAC Frozen Seafood Market- Country Analysis
10. Company Profiles
11. Appendix
List of Tables
List of Figures
Companies Mentioned
- Castlerock Inc.
- Marine Foods
- Sterling Seafood
- The Sirena Group
- Viet Asia Foods
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | October 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 6708.32 Million |
| Forecasted Market Value ( USD | $ 8965.43 Million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 5 |
