The Latin America, Middle East and Africa Frozen Hake Market would witness market growth of 9.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Frozen Hake Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $51.8 million by 2031. The Argentina market is capturing a CAGR of 9.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 8.1% during 2024-2031.
The growing health and nutrition awareness has driven consumers to seek food rich in protein and omega-3 fatty acids. Frozen hake meets these health criteria, offering a nutritious option that supports a balanced diet. The perceived health benefits of consuming fish and the convenience of frozen options have contributed to its increased adoption.
As dietary preferences shift towards more health-conscious choices, frozen hake aligns with trends promoting lean proteins and seafood consumption. The fish’s mild flavour and versatility suit various diets, including low-fat, low-carb, and heart-healthy eating plans.
The UAE’s food service industry caters to a multicultural population and a high influx of tourists, leading to increased demand for international cuisines that feature frozen hake. Dishes such as hake fillets, hake stews, and grilled hake are becoming more common, driving higher consumption of frozen hake in the market. The proliferation of food service chains and quick-service restaurants in the UAE creates additional demand for frozen hake. These establishments require large quantities of consistent, high-quality frozen hake to meet their menu requirements and cater to their customers. Thus, the growing food service industry and expansion of fish production in LAMEA will help grow the frozen hake market.
The Brazil market dominated the LAMEA Frozen Hake Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $51.8 million by 2031. The Argentina market is capturing a CAGR of 9.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 8.1% during 2024-2031.
The growing health and nutrition awareness has driven consumers to seek food rich in protein and omega-3 fatty acids. Frozen hake meets these health criteria, offering a nutritious option that supports a balanced diet. The perceived health benefits of consuming fish and the convenience of frozen options have contributed to its increased adoption.
As dietary preferences shift towards more health-conscious choices, frozen hake aligns with trends promoting lean proteins and seafood consumption. The fish’s mild flavour and versatility suit various diets, including low-fat, low-carb, and heart-healthy eating plans.
The UAE’s food service industry caters to a multicultural population and a high influx of tourists, leading to increased demand for international cuisines that feature frozen hake. Dishes such as hake fillets, hake stews, and grilled hake are becoming more common, driving higher consumption of frozen hake in the market. The proliferation of food service chains and quick-service restaurants in the UAE creates additional demand for frozen hake. These establishments require large quantities of consistent, high-quality frozen hake to meet their menu requirements and cater to their customers. Thus, the growing food service industry and expansion of fish production in LAMEA will help grow the frozen hake market.
List of Key Companies Profiled
- Nueva Pescanova, S.L.
- Oceana Group
- Pacific Seafood Group
- Maruha Nichiro Corporation
- Profand Fishing Holding S.L.
- Royal Greenland A/S
- Unilever PLC
- Thai Union Group PLC
- High Liner Foods
- Kingsun Foods Co., Ltd
Market Report Segmentation
By Species
- Atlantic Hake
- Pacific Hake
- Others
By Form
- Frozen Hake Fillets
- Frozen Whole Hake
- Others
By Distribution Channel
- Supermarkets & Hypermarkets
- Local Distributors
- Online Channels
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Frozen Hake Market by Species
Chapter 5. LAMEA Frozen Hake Market by Form
Chapter 6. LAMEA Frozen Hake Market by Distribution Channel
Chapter 7. LAMEA Frozen Hake Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Nueva Pescanova, S.L.
- Oceana Group
- Pacific Seafood Group
- Maruha Nichiro Corporation
- Profand Fishing Holding S.L.
- Royal Greenland A/S
- Unilever PLC
- Thai Union Group PLC
- High Liner Foods
- Kingsun Foods Co., Ltd
Methodology
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