The European frozen seafood market reached a value of US$ 21.4 Billion in 2018, exhibiting a CAGR of 3.7% during 2013-2018. Fish and seafood products are considered a great substitute for red meat as they are a rich source of proteins, micronutrients and essential fatty acids. Freezing helps in retaining the nutrients of fish and seafood and allows year-round availability which makes it easy to include these products in a healthy and balanced diet. Currently, Europe represents one of the largest consumers of frozen seafood across the world. This can be attributed to the introduction of innovative frozen seafood products along with growing awareness of the various health benefits offered by these products. Looking forward, IMARC Group estimates the market value to reach US$ 25.7 Billion by 2024.
Europe Frozen Seafood Market Drivers:
Breakup by Product Type:
On the basis of product type, there are a number of frozen seafood products available in the market for the varying needs, tastes and preferences of the consumers. Currently, ground fish accounts for the majority of the total market share.
Breakup by Distribution Channel:
On the basis of distribution channels, discount retailers represent the dominant segment as they offer frozen seafood products at a lower price. They are followed by supermarkets and hypermarkets, specialty stores and others.
On a geographical front, the market has been segmented as Germany, France, Italy, Spain, United Kingdom and Others.
The market consists of numerous small and large players who compete in terms of prices and quality. The report provides an insight into the competitive landscape along with the profiles of the key players operating in this market.
Key Questions Answered in This Report:
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