The Asia Pacific Frozen Hake Market would witness market growth of 7.4% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Frozen Hake Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $201.9 million by 2031. The Japan market is registering a CAGR of 6.9% during 2024-2031. Additionally, the India market would showcase a CAGR of 8.3% during 2024-2031.
The adoption of frozen hake has evolved significantly due to various factors that cater to changing consumer preferences, advancements in technology, and economic considerations. Frozen hake offers a significant advantage in terms of storage and shelf life. Unlike fresh fish, which requires immediate consumption or careful refrigeration, frozen hake can be stored in a freezer for extended periods without compromising quality. This convenience is highly valued by consumers and businesses alike, as it allows for flexible meal planning and reduced food waste.
The availability of pre-packaged, ready-to-cook frozen hake products simplifies meal preparation. Consumers benefit from the convenience of having fully prepared fillets, breaded portions, or pre-seasoned options that require minimal cooking effort. This convenience particularly appeals to busy households and individuals seeking quick and easy meal solutions.
China's investment in advanced processing technologies ensures higher efficiency and quality in frozen hake processing. Techniques such as rapid freezing, vacuum packaging, and automated filleting improve product quality, shelf life, and consumer appeal. The growth of the seafood processing industry encourages innovation in product development. Chinese processors are creating new frozen hake products, including ready-to-eat meals, pre-marinated fillets, and value-added items that cater to diverse consumer preferences domestically and internationally.
The expansion of China’s seafood processing industry necessitates an integrated and efficient supply chain. This integration ensures the smooth flow of frozen hake from import points to processing facilities and subsequently to distribution channels, maintaining product quality and availability. Thus, the increasing seafood industry in the region is driving the growth of the market.
The China market dominated the Asia Pacific Frozen Hake Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $201.9 million by 2031. The Japan market is registering a CAGR of 6.9% during 2024-2031. Additionally, the India market would showcase a CAGR of 8.3% during 2024-2031.
The adoption of frozen hake has evolved significantly due to various factors that cater to changing consumer preferences, advancements in technology, and economic considerations. Frozen hake offers a significant advantage in terms of storage and shelf life. Unlike fresh fish, which requires immediate consumption or careful refrigeration, frozen hake can be stored in a freezer for extended periods without compromising quality. This convenience is highly valued by consumers and businesses alike, as it allows for flexible meal planning and reduced food waste.
The availability of pre-packaged, ready-to-cook frozen hake products simplifies meal preparation. Consumers benefit from the convenience of having fully prepared fillets, breaded portions, or pre-seasoned options that require minimal cooking effort. This convenience particularly appeals to busy households and individuals seeking quick and easy meal solutions.
China's investment in advanced processing technologies ensures higher efficiency and quality in frozen hake processing. Techniques such as rapid freezing, vacuum packaging, and automated filleting improve product quality, shelf life, and consumer appeal. The growth of the seafood processing industry encourages innovation in product development. Chinese processors are creating new frozen hake products, including ready-to-eat meals, pre-marinated fillets, and value-added items that cater to diverse consumer preferences domestically and internationally.
The expansion of China’s seafood processing industry necessitates an integrated and efficient supply chain. This integration ensures the smooth flow of frozen hake from import points to processing facilities and subsequently to distribution channels, maintaining product quality and availability. Thus, the increasing seafood industry in the region is driving the growth of the 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
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Frozen Hake Market by Species
Chapter 5. Asia Pacific Frozen Hake Market by Form
Chapter 6. Asia Pacific Frozen Hake Market by Distribution Channel
Chapter 7. Asia Pacific 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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