European Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

European Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1130
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Market Overview:

The European frozen seafood market size reached US$ 24.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.07% during 2023-2028.

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.

Europe Frozen Seafood Market Drivers:

  • Product premiumisation is one of the major factors driving the growth of the European frozen seafood industry. Local as well as international players are consistently improving their product quality and expanding the product portfolio to make their brand appealing to consumers.
  • One of the primary factors is the convenience offered by frozen seafood products due to which they have gained wider acceptance in the region. Attributes of frozen seafood such as high nutrition, cost-effectiveness, maximum freshness and a longer shelf-life have made them a suitable option for consumers leading a busy and hectic lifestyle.
  • Furthermore, growing health consciousness among consumers, rise in aquaculture industry, increasing cold chain management, etc. are some of the drivers responsible for bolstering the growth of the frozen seafood market in Europe.
     

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the European frozen seafood market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type and distribution channel.

Breakup by Product Type:

  • Groundfish
  • Small Pelagics
  • Tuna and Tuna like Species
  • Salmonids
  • Bivalves and Other Molluscs, and Aquatic Invertebrates
  • Crustaceans
  • Other Marine Fish
  • Cephalapods
  • Freshwater Fish
  • Others
     

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, groundfish accounts for the majority of the total market share.

Breakup by Distribution Channel:

  • Discount Retailers
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Others
     

On the basis of distribution channels, discount retailers represent the dominant segment as they offer frozen seafood products at a lower price.

Countries Insights:

  • Poland
  • Spain
  • Italy
  • Portugal
  • Germany
  • United Kingdom
  • France
  • Others
     

On a geographical front, the market has been segmented as Germany, France, Portugal, Poland, Italy, Spain, United Kingdom and others.

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion, Million Tons
Segment Coverage Product Type, Distribution Channel, Country
Countries Covered Poland, Spain, Italy, Portugal, Germany, United Kingdom, France, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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European Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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